The Revenue Join Receiver has obtained permission to make an interim distribution.
On December nineteenth, 2024, the courtroom accepted professional rata distribution of $8 million in recovered funds to Revenue Join victims with a legitimate declare.
The “interim” designation of the distribution is because of pending decision of a number of excellent claims.
5 Revenue Join victims have failed to offer the Receiver with requested social safety or taxpayer identification numbers.
Two sufferer claims stay below dispute, with the Receiver given permission to put aside funds to cowl these claims pending decision.
In July 2021 the SEC pegged Revenue Join sufferer losses at “no less than $12 million”. An $8 million preliminary distribution fee represents roughly 66.6% of recovered losses.