Dear Claimants,

We are working hard to keep the Documents Area updated with the most current filings. Please keep abreast of the public notices and if you have any suggestions, please notify the Receiver. You may contact the receiver here

Dear Claimants,

Please be sure to keep our office informed of all address, phone number, and email address changes.  It is imperative that we have the most recent contact information so that there are not future difficulties in reaching anyone.  You may keep our office informed of these changes by referring to the Contact page in this website. 

R.D.I. Case Enrolled in the "ECF" System

The court has determined that this case will be enrolled in the Electronic Case Files ("ECF") System as an ECF case. Therefore, it is ORDERED that all counsel of record must register as an ECF user within ten days of the date of notice of this order, if they have not already done so.

Please follow the links below to view the offical documents related to the Standing Order:

• Notice of Standing Order
• Standing Order Designating Case For Enrollment in the ECF System

List of Court Approved Claimants

By clicking the link below you will be able to view a list of Court Approved (and timely filed) claimants -along with the amount of the claim.

The Receiver will be petitioning the Court regarding a date that disbursements will be made. The estimated amount for this distribution is expected to be between three (3) and five (5) percent of the approved claim. 

Court Approved Proof of Claims

Fifth Circuit Court of Appeals Ruling: January 17, 2006

Summary:

The Fifth Circuit Court of Appeals rules that investor's excess profits are to be returned to the Receivership Estate.

Details:

Two investors in a Ponzi scheme were sued for fraudulent transfers because they received significantly more funds from the scheme than they invested. Further, when granting summary judgment for the receiver of the entities involved in the scheme, the district court gratuitously declared that the judgments against the investors would be non-dischargeable in bankruptcy.

On appeal, the receiver concedes that the district court’s premature ruling on non-dischargeability must be vacated, and we concur. Because the investors’ other challenges to the judgments are meritless, including the contention that they may not be sued as transferees under the UNIFORM FRAUDULENT TRANSFER ACT, we AFFIRM the monetary judgments and VACATE the order declaring non-dischargeability of the judgments in bankruptcy.

Click here to read the full document that was filed with the court.