Dec. 08, 2021
Pasit Pintabut: comments submitted should in clude"Administrative Proceeding file no.3-16757" in the subject line.Comments received will be publicly available
The Plan
The Distribution fun is comprises of $179,562,328.00 in disgorgement,andprejudgment interest, paid by respondents,plus accrued interest. The purpose of this Plan is to refund a portion of the investor'losses between 2002 and 2008.Respondents have identified and provided the fund Administrator² with a list of all investors in the Potentially Eligible Funs,which Respondents represent to be complete and accurate. The Plan provides for the Net Available distribution Fun to be distributed to Eligible Investors based upon the data provided by Respondents.The distribution methodology allocates the Net Available Distribution Fund to the nine Potentially Eligible Funds in a manner that attempts to equalize recovery of losses across those nine Potentially Eligible Funds. Then funds are distributed from each harmed fund on pro rata basis to the harmed investor in that fund.