FREQUENTLY ASKED QUESTIONS (FAQs):
What is the next step I need to take?
After you submit your information, retain the information and documentation regarding funds you invested and payments you received. You should then check this page periodically for updates.
When will I get my money back?
The Receiver is in the process of determining how much money is owed to investors and recovering money that was paid by investors. We are at the early stage of the receivership process and are unable to provide a specific time frame as to when distributions will be made. Updates, however, will be provided on this page when the receiver is in a position to propose distributions.
How long does this process usually take?
It is unknown as the Receiver is in the process of investigating the facts of this case including reviewing the records recovered from the offices. Each receiver case is different, and this one involves many people and extensive records.
What percentage of my investment will I get back?
It is too early to know the percentage.
Will I have to give back the money I earned as interest – even if I have not received my principal back?
The Receiver will determine a claims allowance process that is both fair and reasonable. Notice will be provided to investors of the claims allowance process.
How much money has been recovered?
We are unable to provide this information at this time. This information will be provided later in court filings.
Will Johanna face criminal charges?
The Receiver is handling the civil matter so she does not know what the authorities will ultimately decide to do with respect to those responsible. Any criminal action will be brought by the government, and will be a separate proceeding than from the civil SEC action in which the receiver was appointed.
Will the brokers be investigated?
The receiver will be investigating various matters relating to the receivership estate. Securities violation investigations are conducted by the Securities and Exchange Commission. Criminal charges would be investigated and brought by the government.
Why was a mediator hired?
The mediation, which will be held between the SEC and Ms. Garcia, will deal with Ms. Garcia’s civil liability for the pending lawsuit the SEC filed against her. The Receiver will participate only as an interested party.
Should I hire an attorney?
You have a right to be represented in this matter, however, we are unable to provide you legal advice.
This page is periodically updated with additional information about the case.