The SAEG Receiver has acquired permission to make an interim distribution to victims of the Ponzi.
The Receiver states nevertheless that the distribution cost shall be “minimal”.
The SAEG Receiver’s movement for permission to make an interim distribution was filed on February twenty seventh. It adopted a $27,000 settlement with Austin Doliboa, an affiliate of Marcus Brisco, and restoration of $292,263 from Cliq.
Pursuant to his personal $400,000 settlement, Brisco nonetheless owes the SAEG Receivership $196,065.
[Brisco] intends to pay this quantity to the receivership from the proceeds of the sale of his home in Hawaii that’s at present listed on the market.
The SAEG Receiver’s interim distribution movement was accepted on February twenty eighth.
The quantity to be distributed is $1.1 million, representing simply 3.47% throughout accepted claims. As of July 2024 there have been $57.7 million in accepted SAEG claims however that quantity seems to have been diminished.
The SAEG Receiver attributes the minimal distribution to:
The standing and whereabouts of Tran and Safranko, a Canadian nationwide, stay unclear.
Following execution of the accepted interim distribution, the SAEG Receiver “anticipates making a closing distribution on the shut of the receivership”.
SAEG was a part of a sprawling Ponzi scheme that had connections to OmegaPro and The Merchants Area.
The CFTC filed swimsuit in opposition to SAEG in February 2023, alleging $145 million in fraud. Neither OmegaPro or The Merchants Area are explicitly a part of the CFTC’s SAEG case.
A number of defendants within the CFTC’s SAEG case have ties to The Merchants Area and OmegaPro.