Following an agreement reached with the IRS, the USFIA Receiver has secured authorization to send out USFIA victim distribution payments.
As per a June 9th order issued by the court;
In accordance with the Original Plan, the prior orders of the Court, and the Stipulation, the Receiver is authorized to proceed with the distribution of Receivership Proceeds to Claimants with Allowed Claims.
$45.8 million in allowed claims have been approved by the USFIA Receivership.
Although there is no specific timeline for distribution payments to be made, we expect they’ll be going out shortly.