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SEC seizing remaining assets (if any) and re-distributing then?
by dannyw 9y ago
SEC seizing remaining assets (if any) and re-distributing then?
- JumpCrisscross 9y ago> SEC seizing remaining assets (if any) and re-distributing then? That is unlikely to pay out to someone who bought after BitConnect was shut down. Generally speaking, when a regulator resoles a Ponzi scheme they take the promoter's assets and help put it into trust. That trust has two jobs. One, to sue those who sold their BCC before the scheme unraveled [1]. And two, to distribute cash to those who lost money. [1] http://www.newsweek.com/it-fair-sue-madoff-victims-who-made-profit-68923 http://www.newsweek.com/it-fair-sue-madoff-victims-who-made-...