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Troybank and SolidInvestment Lawsuit Progress
HYIP Scams, HYIP Updates, HYIPTags: Solid Investment, TroyBank.
It’s a little late but Curt has good updates on investors recovery on these two huge scams with articles titled ‘Solidinvestment Progress’ and ‘Troybank Lawsuit Info’.
Troybank had 3116 Victims. Victims are ones not in profit or break even. Their distribution will be about 20 cents on the Dollar recovered, that is even after lawyers fees and all expenses. This is a Great recovery!
The spends will be going out soon to the Troybank Victims!
Thank you!
I have found out how much was recovered from Solidinvestment. The lawyers were able to recover approximately $540,000 from Solidinvestment. With that the people who did sign up for the law suit will be getting back approximately 10 cents on the dollar. There have been about 1000 people that signed up to the law suit with a net loss of between 4 to 5 million dollars.
The spends will be going out soon. The delay has been caused by the Indictment of E-Gold, but will be going out soon now.
Can’t imagine that kind of funds being scammed, honestly.
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4-5 million dollars? Hard to believe. I don’t buy that, sorry.
And whats about the people behind these scams? Were they caught?
No the people were not caught the money was though!
Between the approx 1000 investors that signed up for the suit the losses are an estimated 4 to 5 million.
PS the Funds have been distributed back to Troybank Victims! So lets hear from the ones that have gotten recovered funds!
Well money in e-gold can be frozen if a court order is issued to them. If the money is at a bank, it can also be frozen with the same court order. I think thats how they recover the money I think. However a net loss of 4-5 million$ is exagirated.(I think)