As of Januarythe U.
Securities and Exchange Commission reports that it is not known how much money is to be recovered in the case of Securities and Exchange Commission v. The U. Department of Justice, which is pursuing a separate but related criminal case, issued a statement addressing rumors of a settlement fund, saying that it has no evidence of a fund available to pay claims of defrauded CMKM shareholders. The SEC states that it filed a civil action against the company and 13 individual defendants incharging them with violations of federal securities laws for illegally issuing and selling stock in CMKM Diamonds, Inc.
Judgements against several defendants, ordering them to pay repay millions, were made by the court. However, enforcement of the judgements is pending. The SEC reports that if enough assets are recovered to make it possible to repay investors, it can opt to file a court motion to propose a settlement plan.
Inthe U. Department of Justice. That case was ongoing as of September Home World View. What Is a Rural Settlement? When Is the Strawberry Season in California?The Settlement received final approval from the Court on January 13, The Court gave final approval to the Settlement and overruled all objections on January 13, By order of the Court, the Settlement cannot become final until all appeals are resolved and there is currently no timeline for the resolution of these appeals.
When the appellate court enters a schedule for the appeal, we will update this website to provide individuals with more guidance as to the timing of a decision.
Please check back for further updates. In September ofEquifax announced it experienced a data breach, which impacted the personal information of approximately million people.
A federal court approved a class action Settlement that resolves lawsuits brought by consumers after the data breach. Equifax denied any wrongdoing and no judgment or finding of wrongdoing was made. Please note that no Settlement benefits will be distributed or available until the Settlement becomes effective. The Settlement will become effective after all appeals have been resolved in favor of the Settlement. If you requested a cash benefit during the Initial Claims Period, the amount you receive may be significantly reduced depending on how many valid claims are submitted by other class members.
Depending on the number of valid claims filed, the amount you receive may be a small percentage of your initial claim.
United States v. Brian Dvorak et al (CMKM)
Extended Claims Period Claims. If you were impacted by the Equifax data breach, you may seek reimbursement for valid Out of Pocket losses or Time Spent excluding losses of money and time associated with freezing or unfreezing credit reports or purchasing credit monitoring or identity theft protection incurred during the Extended Claims Period if you have not received reimbursement for the claimed loss through other means.
During the Extended Claims Period, impacted class members may submit claim s for cash reimbursement. You may be eligible for the following reimbursement cash payments for:.
In order to submit a claim for Time Spent or Out-of-Pocket Losses during the Extended Claims Period, you must certify that you have not received reimbursement for the claimed loss through other means. If so, you may be eligible to file an Extended Claims Period claim. The deadline to file a claim for Out-of-Pocket Losses or Time Spent that occurred through January 22, has passed.
You may seek reimbursement for valid Out-of-Pocket Losses or Time Spent excluding losses of money and time associated with freezing or unfreezing credit reports or purchasing credit monitoring or identity theft protection incurred during the Extended Claims Period between January 23, and January 22, if you have not received reimbursement for the claimed loss through other means.
For more detailed information, see FAQs 7 and 8. Extended Claims Period Claims If you were impacted by the Equifax data breach, you may seek reimbursement for valid Out of Pocket losses or Time Spent excluding losses of money and time associated with freezing or unfreezing credit reports or purchasing credit monitoring or identity theft protection incurred during the Extended Claims Period if you have not received reimbursement for the claimed loss through other means.
Your Legal Rights and Options. For more detailed information, see FAQs 8 and For more detailed information, see FAQ Services will be available for at least 7 years beginning after the Settlement becomes effective.
Exclude yourself from the Settlement The deadline to exclude yourself from the Settlement has passed.
If the Settlement becomes effective, you will give up your rights to sue Equifax separately for claims relating to the Data Breach or to continue to pursue any such claims you have already filed.
Access to Identity Restoration Services. You may access Identity Restoration Services after the Settlement becomes effective, whether or not you make a claim under the Settlement. Exclude yourself from the Settlement.Company Filings More Search Options. The complaint, filed in Aprilseeks various remedies, including civil penalties and disgorgement of ill-gotten gains. In cases where the SEC obtains a judgment to recover money from the defendants, and the defendants do not comply with the judgment by paying the money, the SEC will seek to enforce the judgment.
It is not yet known how much money will be recovered in this case. If the assets ultimately collected are sufficient for a practical and economically feasible distribution of funds to investors, the SEC may by motion to the court propose a plan to distribute the funds.
No funds can be distributed to investors unless and until the court approves a distribution plan. We will post information about any proposed or final distribution plan on this page when it becomes available.
We also post information about distribution plans on the Investor Claims Fund section of our website. The judgments entered in this case direct that disgorgement, prejudgment interest and civil penalty amounts be paid to the Clerk of the Court for the District of Nevada for deposit into an interest bearing account with the Court Registry Investment System.
The court ordered:. In addition, the court ordered that Dvorak, Bagley and Rumyantsev be permanently barred from participating in any offering of penny stock. On October 18,the SEC instituted administrative proceedings against Rumyantsev, and based on the permanent injunction entered by the court, ordered that Rumyantsev be barred from association with any broker or dealer, with the right to reapply after five years to the appropriate self-regulatory organization, or if there is none, to the Commission.
In addition, the court ordered that Santos be barred from participating in any offering of penny stock for five years from the date of the judgment. On February 25,the SEC instituted administrative proceedings against Santos and, based on the permanent injunction entered by the court, ordered that Santos be barred from association with any broker or dealer, with the right to reapply for association after five years to the appropriate self-regulatory organization, or if there is none, to the Commission.
The court ordered the defendants to pay these amounts to the Clerk of the Court for the District of Nevada within ten business days. Any amounts paid to the Clerk will be deposited into an interest-bearing account with the Court Registry Investment System.
On September 17,the U. For more information, please see the press release dated September 21, On April 28,the U. For more information, please see the indictment. The SEC charged all of the defendants with violating the registration provisions of the federal securities laws. In addition, the Commission charged CMKM and Casavant with violating the antifraud and various reporting, record keeping, and internal controls provisions.
Search SEC. Securities and Exchange Commission. Investor Alerts and Bulletins. Final Judgment of Permanent Injunction and Other Relief Against Defendants 1st Global Stock Transfer, LLC, Helen Bagley, Sergey Rumyantsev, and Brian Dvorak On October 18,the SEC instituted administrative proceedings against Rumyantsev, and based on the permanent injunction entered by the court, ordered that Rumyantsev be barred from association with any broker or dealer, with the right to reapply after five years to the appropriate self-regulatory organization, or if there is none, to the Commission.
Final Judgment of Permanent Injunction and Other Relief Against Defendant Anthony Santos February 9, On February 25,the SEC instituted administrative proceedings against Santos and, based on the permanent injunction entered by the court, ordered that Santos be barred from association with any broker or dealer, with the right to reapply for association after five years to the appropriate self-regulatory organization, or if there is none, to the Commission.
Litigation Release No. Marco Glisson, Civil Action No. File No.This is from another site, didn't see it posted anywhere, WOW! This sounds like good stuff is happening for everybody! I am not allowed to post the link for this site, however, I do believe this to be credible information, and as you can see the original poster dd not provide links for security issues, please don't bash me for not providing a link, however I do believe this is credible information, based on everyting I've been reading for the past month aout the global settlement packages.
Do not post my name or email address at all… but.
Bush Interferes Global Settlement That Could Free The World; Obama Punked @ G8
Lots of good info…. Here it is:. There is a train for all this and the following is on the train… I have had this confirmed by one of the white knights who has been giving us information… you can believe this or not, it does not matter, but IT IS FACT… and matters not…. And all those who bought dinars, well they cash out… and thus more money to help out the economies of the world…. If this is not done now, the USA and Europe will collapse with the rest of the world in 4, 5 months the most…make a picnic….
However, it is a fact and we are only a very small part of the pay-out scheme. Unfortunately that is putting it altogether too mildly. A life changing event it will be for CMKX shareholders; more importantly, the world financial markets will be essentially re-constituted from the currency level up.
They are the instruments of change. They are part of a world wide re-distribution of wealth which includes some 20 countries revaluation [up and down] of their currency, which will become asset-backed currency. Yes, this does include Iraq which is the cheapest of the lot and therefore had [to prevent unreasonable manipulation] to go first. The very latest information indicates that it has revalued, that it will be posted on Forex sites sometime on Sunday, and will be fully convertible in the US by Tuesday.
I understand further that the Court issued an Order for the Trustees to pay-out the moneys within 48 hours, which time expired on or before December 31, I have not been successful in any of my attempts to secure explanation from Global Intelligence.
Although at first blush this lack of performance may seem potentially criminal in nature, I believe there is a reasonable explanation.
There are other reasons related to the big picture, which may also play a part in this delay. Based upon this and the progress that was being made in early December, I opined [which has been widely reported] that if I were a betting man CMKX would be paid out by Christmas.
Unfortunately, not even the JCS were up to the task. Accordingly, on January 1, the World Court appointed one of the lien holders, China, to take charge and supervise the conclusion of the WGS payouts.
They are currently in charge and proceeding to bring the matter to conclusion. I am currently advised that all will be completed by January 21, Prior to the recent change of process by the Chinese lien holder it was a requirement, based upon BASEL, that ER be obtained prior to the time that certain other payments could be made.
As I have previously stated on many occasions we were waiting for Michael Cottrell and his companies to receive their payments as they were Number 20, the very last payee, on the BASEL list.
Because the Chinese lien holder has changed the process, I now understand that Michael Cottrell will be paid on or about January 21,after all of the Prosperity Program money has been paid out which is estimated to take between 4 — 5 days. As set forth above, I have tried desperately to contact Global Intelligence to secure their agreement to authorize immediate release of the CMKX packages, as I believe that the reason for delaying their delivery has now evaporated.
I have been told by three separate independent people, each of whom attest that they have personally viewed at least one package, that the CMKX packages contain written information as well as a preliminary payment in the form of a U. The information that has been previously placed on the boards to the effect that the packages were prepared and were ready for distribution is accurate to the best of my information, knowledge and belief.
Some have inquired whether registration with the Transfer Agent makes them a bona fide shareholder; in a word — YES. Some have asked whether I have had response to the letters which I have submitted to the Queen of England and others including POTUS; I have had direct response from the Palace and have seen rapid evidence of the efficacy of the other correspondence that has been submitted.
This information can not be made public at the present time for security reasons; I am sure that you will hear more about this in the very near future.Did anyone hear a good lie this weekend about receiving riches, lol? For those that wonder why this page is still here after we all know that we were scammed and no money has ever existed for us This page has been here for years to answer questions and pass on the facts!! It will be here as long as the liars are spreading lies Here is another lie!!
This is from the same Moron that lies about the Dinar and more! What will be the excuse for not getting money this time, LOL! CMKX package delivery would begin Wed. President Trump wanted us to start sometime between now and Good Friday 10 April. Something big was supposed to happen Easter Sunday 12 April. The St. Germaine Trust should be opened around Easter. We were in a window to be paid Wed.
Stimulus monies and our appointments were coming by Wed. A bank source said days after Easter — that would kick it out to Wed. Read more at: dinardetectives. I see we still have people on the boards stating one day, some day, any day now, maybe next week, maybe next month, maybe this year, when someone flips a switch, all kinds of stuff, we will be rich, lol.
It's all lies people!! It's been lies since it was said by the Casavants 15 years ago and it's still a lie today!! Anyone stating that we will get money, is a liar!!! Just keeping the lies of riches flowing!! Lowriderbill, str8biodiesel, Brigantine and squeezebox are the lowest of life! They have been liars for so many years that they can never come out with the truth! The liars, will continue until they die, telling us CMKXers that we will soon be rich! Anyone stating anything similar to what str8biodiesel has posted below is a liar and misleading CMKXers!!!!!!!
Stop telling your tall tales! CMKXers do have brains and stopped believing your lies years ago!!!Since we last reported to you on May 13th,plenty has happened and not to the benefit of any of the Global Settlement payees or any citizen of the United States of America or the International Community, for that matter. Although the hard dollars to fund the Global Settlements have been ready and available to pay the settlements for the last 18 months, the political machine controlled by the Bush family has been used to hinder the processing of the payments.
Seemingly, the Global Settlement team is also well versed in the world political arena as well. We could continue to provide pages of details but the problem continues to rest with one concept … that being, who controls this country.C.m.k.m
Apparently, it is not with the elected leaders that represent the People of the country. It is not with the elected leaders that owe a certain measure of responsibility to the International community.
It is all about the fight for control … the power … the greed … the corruption … the personal dreams and aspirations of former U.
It seems that the infrastructure of the NWO is splitting apart with all of the heat from the International community fighting to deny the NWO a foothold. How so you say? Well, the International Community and the Global Settlements team thwarted the attempted takeover of the Federal Reserve. The Global Settlement team is shining a big beam of light into the very dark closets of the bad guys in and around the Fed Reserve….
When and only when the Global Settlements are paid and finalized will the Iraqi Dinar be revalued, the CMKX litigants will receive their settlement proceeds and the United States of America will not have a lien against its assets.
If you really want a shocker, the United States will receive the money required to relieve and eliminate the National Deficit. Unfortunately, the Bushes and the followers of the NWO recognize the Global Settlements funds release severely hampers and negates their worldwide efforts to money flow, commerce and politics. In properly representing his clients, Mr.
Hodges felt it necessary to forward the attached two 2 letters. The first dated May 26th was addressed to the members of the G8 prior to the G8 conference held last week in London.
The second letter, dated June 2nd was addressed to the Ambassador of China representing the Chinese lien holders who have a lien on all the assets of the United States of America. Both letters were delivered on time. The truth of both letters, to make the understatement of the year, really pissed off the Members of the G8. Accordingly, the G8 required the Comptroller for France to work over our Memorial Day Holiday to finish all requirements to distribute the funds to the Global Settlements team.
As well, the G8 directed the World Court to again intervene to oversee the release of the funds to the Global Settlements team. Accordingly, all issues and roadblocks have again been resolved to close the Global Settlements. During this week, the Global Settlements team has been continually promised the information required to take Economic Receipt of the funds and proceed with the distribution to the payees, including Mr.The settlement is subject to court approval.
The motion for preliminary approval is scheduled to be heard April 4, Beginning in Septembera number of Wells Fargo shareholders filed a series of shareholder derivative lawsuits in the Northern District of California.
These state court actions have either been stayed or dismissed. The amended complaint asserted claims for breach of fiduciary duty; unjust enrichment; violations of the federal securities laws and the California Corporations Code; corporate waste; and contribution and indemnity. The defendants filed a motion to dismiss the amended complaint. The parties subsequently entered into mediation during and The defendants have denied and continue to deny that all allegations of wrongdoing or liability.
By any measure, this settlement is one of the largest shareholder derivative settlements ever. Just exactly where it fits on the derivative settlement league tables depends on how you look at it.
For those readers who are interested, I have been trying to maintain a list of the largest derivative settlement, here. A further complication to the trying to rank this latest settlement on the list of largest derivative settlements is the United Healthcare options backdating-related derivative suit settlement.
However, while the press reports at the time described the settlement as the largest derivative settlement ever, the value contributed to the settlement consisted of the surrender by the individual defendants of certain rights, interests, and stock option awards, not cash value in that amount.
The co-lead plaintiffs do not attempt to try to rank the Wells Fargo settlement on the overall league table. In any event, the Wells Fargo derivative suit settlement represents a very significant development. Among other things, it is the latest example of the way in which shareholder derivative settlements now increasingly involve a significant cash component.
In the past, it was relatively uncommon for derivative lawsuit settlement to involve a significant cash element. In the last ten years, it has become increasingly common for high-profile derivative suit settlements to involve a significant cash component.
What Are the Details of the CMKX Settlement?
It is clear that derivative lawsuits now present a severity risk for companies and their insurers, which was not the case in the past. Recently, the carriers have tried to start pushing back on premiums, arguing that they are not being adequately compensated for the risks they are undertaking.
To be sure, the Wells Fargo case was unusual and involved allegations of significant wrongdoing. There are however, a host of current corporate scandals out there e.
A couple of final thoughts about this settlement. Given that it involves the settlement of a derivative suit, the settlement presumably is non-indemnifiable, meaning that Side A coverage of the policies of the settling insurers is the operative coverage part. The bank and its various directors and officers undoubtedly have incurred tens of millions of dollars in defense expenses in the various related matters. It may be that, in light of the priority of payments provisions in the primary policy and applicable to the excess carriers through their follow-form coverage that priority of the policy proceeds for the liabilities of the individual insureds meant that defense and settlement of this derivative action took priority, while the company itself funded the defense and settlement of other matters.
The reality likely was more complicated, but I suspect that the priority of payments provision did come into play here. Special thanks to a loyal reader for alerting me to the settlement and for providing me with several of the important settlement documents. The Derivative Lawsuits Beginning in Septembera number of Wells Fargo shareholders filed a series of shareholder derivative lawsuits in the Northern District of California.
Discussion By any measure, this settlement is one of the largest shareholder derivative settlements ever.