Digital Altitude

Following a discharge movement filed earlier this 12 months, the Digital Altitude Receivership has been formally closed. The order was made on October fifth, following approval to pay $42,779 to Receivership employees. We’ve beforehand lined the Receivership opting to not pursue restoration of $515,000 from John Souza and Paradise Media Ventures, and abandoning of nugatory […]

The Digital Altitude Receiver has opted to not pursue restoration efforts in opposition to Paradise Media Ventures and proprietor John Souza. In mild of that being the final excellent motion for the Receivership, the Receiver has filed for discharge. As a service provider supplier to Digital Altitude, Paradise Media Ventures (PMV) was paid $600,000 in

A brief replace word on the Digital Altitude Receiver’s web site informs guests that the Receivership is because of wind down quickly. Victims of the $54 million greenback rip-off have additionally been suggested they’re largely screwed. The Receiver’s newest replace seems to have gone dwell on or round September twenty fourth. It’s quick and candy;

A call on the meat between the Digital Altitude Receivership and Paradise Media Ventures, will see proprietor John Souza maintain $600,000 of sufferer funds. The dispute will be traced again to a $515,000 clawback lawsuit filed by the Digital Altitude Receiver again in March. As a part of its fraudulent enterprise operations, Digital Altitude ‘licensedsure

Digital Altitude CTO Alan Moore reached a proposed settlement with the FTC in September 2018. As a part of the settlement, it was agreed Moore would switch $46,300 to the FTC. Following a court docket order to unfreeze the funds, Moore represented to the FTC that the funds had been positioned in escrow along with

Simply earlier than the FTC moved to close it down, Digital Altitude transferred over half one million {dollars} to Paradise Media Ventures. There doesn’t seem to have been any legit cause for the switch, and so now the Receiver is demanding the funds again. Paradise Media Ventures is run by John Souza (proper). The corporate

Michael Power’s settlement with the FTC has been accredited. As per the settlement, the FTC has obtained a $54 million greenback financial judgment in opposition to Power. An injunction has additionally been granted, prohibiting Power from committing additional violations of the FTC Act. The FTC sued Michael Power and Digital Altitude early final yr. By

As a result of it stands the FTC is at current reviewing 4 settlements throughout the Digital Altitude case. The closest of the settlement analysis deadlines is Michael Drive on January 2nd. That is by January 2nd, the FTC was scheduled to have selected the corporate’s proposed settlement with Drive. Sadly closing month Donald Trump

Temporary updates on the FTC’s Digital Altitude lawsuit; the FTC’s movement for a ultimate order with respect to default judgment in opposition to Digital Altitude has been taken beneath submission Mary Dee and the FTC have reached a but to be accredited settlement the Digital Altitude Receiver has filed his Third Interim Report Extra particulars

In a whole backflip from being “not ” in settling as of October 2nd, Michael Pressure has reached a settlement with the FTC. At this stage particulars of the proposed settlement haven’t been made public. In an October ninth joint submitting, the FTC and Pressure (proper) requested a keep on proceedings pending approval of the