Dear Clients,

The assets seized from the defendants are done on the basis of 8 U.S.C. § 1956(cfl7) as cited in the indictment stating:

“…Shall forfeit to the United States. pursuant to Title 18, United States Code, Section 981(a)(]j(C), and Title 28, United States Code, Section 246 1(c), all property, real and personal, that constitutes or is derived from proceeds traceable to the commission of the wire fraud conspiracy offense, and all property traceable thereto, including, but not limited to the Specific Property…”

Plainly speaking this means that the assets which are obtained from criminal wrongdoing shall be seized to compensate the victims. 

A public announcement has been issued inviting all victims to submit their compensation claims. It is important to note that failure to submit a compensation claim will render one ineligible for compensation. While claim submissions are still being accepted, we strongly advise those who have yet to submit their claims to do so sooner rather than later, as we cannot be certain how long this option will remain available.

Zoran Miljakovic

Attorney at Law