27 Jan

Order Approving Sale of Condo – 2222 Hickory Run

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4 Responses to “”

  1. Chris January 27, 2014 at 8:56 pm #

    Please make all the acct holders took loans get the money back whatever means you have to use.that only fair

  2. Oral Shaw January 27, 2014 at 11:57 pm #

    With the lawyers taking their time and large sums of our money we’ll all be lucky to get pennies on our dollars.

    • Diana January 28, 2014 at 2:45 pm #

      I don’t think we are going to get anything back. I think the money from the sales of assets should go to us first. Then the lawyers should get whatever, if anything, is left after all the clients who had our money stolen were paid back. But that isn’t going to happen. The lawyers charge too much- and they should take less.

  3. Richard Smith January 28, 2014 at 10:42 am #

    Let me copy & paste my last comment I posted https://masonreceivership.wordpress.com/2014/01/07/motion-to-authorize-sale-of-condominium-2222-hickory-run/#comments as below;

    You regularly come back and repeat the same thing of collecting loans, but given the facts that this scheme revealed to be a scam and the receiver hasn’t included such asset in the recovery list, I understand such loan never existed.

    If you imply particular actions such as clawback to collect money from participated parties, then I would suggest you read my past posts why the clawback in this case will only end up decreasing the $ we can receive eventually.

    And if you still keep pushing such activities after reading all my rationales, you could be counted as criminal for pleasure who will harm all other victims unless you have potent better logic with supporting evidences to do so.

    My apologies for the acrid expression but it’s been high time to face the harsh reality of Ponzi scheme which I learnt and studied a bit from the past experiences, therefore I have been trying to share those knowledge & prediction with you.

    With all that said, allow me to paste my 4 posts in the Receiver’s 3rd Report section into Welcome section with little additional comments (please go to https://masonreceivership.wordpress.com/2013/04/04/welcome/#comments) for all the members’ convenience since I firmly believe our receiver should act in line with these comments as long as the receiver would like to maximize the payments to us victims.

    Everyone, please be convinced that the best thing for us is receiving the currently available recovered fund as quickly as possible before any depletion.

    You may be interested in the words of Steven Harr, the court-appointed receiver for $50 million Ponzi in Houston “I just closed another matter in which total payment was 2.7%,” “So even though 35% to 40% doesn’t sound very good, it is pretty dramatic for a situation where you had a Ponzi scheme.”.

    I have no idea how much % the recovered assets so far can cover our lost money under the situation even our claim process hasn’t started yet, but I have good confidence (almost sure) that our receiver’s any action outside of the scope of my comments will result in pretty miserable % given the limited $ amount at stake of our case.

    Richard

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