Order Entered Approving Settlement – Receiver to Recover $33,120.00

26 Sep

On September 26, 2014, the Court entered an Order approving the Receiver’s proposed settlement with Gary O’Malley. According to the Receiver’s investigation, Gary O’Malley received $41,400.01 in net winnings from Mason’s Ponzi Scheme.

Pursuant to the settlement, Gary O’Malley will repay $33,120.00, an amount equal to 80% of his net winnings, to the Receiver over the course of 18 months.

Order Approving Settlement with Gary OMalley

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4 Responses to “Order Entered Approving Settlement – Receiver to Recover $33,120.00”

  1. Broke Charlie September 27, 2014 at 5:24 am #

    Nice move ! $$$$. The gain was 8 Grand overall these guys sure know how to make money with the court approved settlements at there side and this is fair?? What a joke on us.

  2. Chris September 29, 2014 at 11:27 am #

    Good job but we should get more than 80%back .

  3. Chris October 18, 2014 at 9:20 am #

    The is done if not lets get it all he has the money.

  4. Chris October 18, 2014 at 9:22 am #

    I agree with Charlie Broke

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