Order Entered Approving Settlement – Receiver to Recover $63,680.00

29 Sep

On September 26, 2014, the Court entered an Order approving the Receiver’s proposed settlement with Patrick O’Malley. According to the Receiver’s investigation, Patrick O’Malley received $79,600.00 in net winnings from Mason’s Ponzi Scheme.

Pursuant to the settlement, Patrick O’Malley will repay $63,680.00, an amount equal to 80% of his net winnings, to the Receiver over the course of 18 months.

Order Approving Settlement with Patrick OMalley

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3 Responses to “Order Entered Approving Settlement – Receiver to Recover $63,680.00”

  1. Chris September 29, 2014 at 11:36 am #

    The way it looks he’s got a chunk of our money.

  2. Susan September 29, 2014 at 1:30 pm #

    Hey, maybe we’ll be lucky enough to get EIGHTY percent of our money back… :0) I know…it’s ridiculous to even think it…

  3. Chris October 17, 2014 at 6:30 pm #

    Good job he’s a doctor he’s got the money.

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