Frequently Asked Questions

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Can I get my money back now?

No. All receivership assets must remain frozen until the Receiver determines the actual value of assets that remain.

Will I get all of my money back?

It is impossible to determine at this time. The Receiver is working to protect investors’ assets to the extent possible, but there is no way to predict at this early date how much remains and how much if any of the assets will be returned.

How long will this take?

It is impossible to predict the total amount of time. The Receiver and his professional staff are working hard to accomplish their jobs but there is much to be done. It is not uncommon for Receiverships to last a year or more.

What is a Receiver?

A Receiver is an individual appointed by the court who assumes responsibility for all assets in the companies that are being investigated. He is responsible for employing professionals such as lawyers and accountants to determine how the business was operated and where all of the assets are located. He also is charged with operating the remaining elements of the business and communicating with the investors. Receivers create regular reports that are presented to the court and made available to the investors. His primary responsibility is to represent the investors’ best interests.

How can I stay informed of progress in this case?

The Receiver has established a website (www.tmtreceivership.com) that will be updated as developments warrant.

If I have other questions how can I get them answered?

You can address your questions to James D. Silver, Receiver by email or regular mail. The email address is info@tmtreceivership.com . The regular mailing address is: James D. Silver, as Receiver
c/o Conrad Scherer
633 S. Federal Highway
Ft. Lauderdale, FL 33301
Email: info@tmtreceivership.com

Should I hire a lawyer?

You certainly have the right to hire or consult with your own lawyer. As authorized by the Court, however, the Receiver will be investigating all potential claims or methods of recovery that he can bring for the benefit of investors.

Should I send copies of my papers proving that I am an investor to the Receiver?

Not at this time. We will be instituting a formal claims process in the future and will ask that you forward copies of these documents at that time.