So what are we looking at here? Five cents on every dollar.................
Who knows. The court documents appear to give far reaching powers to Guy M Hohmann, but I doubt he will have much joy exercising them on any individual or entity outside of the US.
IIC is in liquidation in Australia, and the Australian administrators will have first claim to any and all assets they can locate. The civil case to which members of the PM Receivership are party to is unrelated to this liquidation. Any funds distributed to creditors of IIC will be at the discretion of Hall Chadwick. Creditors must be accepted by the administrators as having a valid proof of debt.
If you paid for a membership to Senen's services through IIC, and sent some funds to a dodgy broker in New Zealand, I'm sorry to say neither will be considered a valid debt despite whatever civil action the CFTC has taken in the US.
Let's be very clear here; where exactly did you guys send your money? Let's assume you deposited $50,000 with IBFX in New Zealand never to be seen again. IBFX aren't even named as a defendant in the civil suit, so they aren't handing anything over. Dillard and EVG are off the hook, so you're left with a civil case against Friant, Senen, and IIC. IIC are in liquidation in Australia, which leaves you with a case against Friant and Senen....
To date PM Receivership has recovered $1.1m. I think the total fraud amounted to over $500m, so you're looking at .002c in the dollar at present, that's before any legal fees are deducted. That's not two cents in the dollar, that's two fifths of one cent in the dollar, or better expressed as "bugger all"....