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 on every replace beneath.
The FTC filed for default judgment in opposition to Digital Altitude again in April.
On November eighth the FTC filed an software for default judgment in opposition to Digital Altitude LLC, Aspire Processing LLC, Disc Enterprises Inc, Rise Programs and Enterprise LLC (Utah and Nevada), Soar Worldwide LLC, Digital Altitude Restricted, Aspire Processing Restricted and Aspire Ventures LTD.
A listening to was scheduled for January seventh 2019 however taken off the calendar on November fifteenth.
The November fifteenth order states the FTC’s movement has been taken beneath submission, that means a call might be made with out additional listening to.
On October thirty first the FTC filed a joint movement requesting a keep of proceedings in opposition to Mary Dee.
The rationale for the requested keep is a pending evaluation of a signed settlement by the FTC Commissioners.
The joint movement states evaluation of the settlement ‘will probably take
between eight and twelve weeks‘.
The applying was granted on November fifth, staying proceedings in opposition to Mary Dee till January twenty first, 2019.
The Digital Altitude Receiver filed his Third Interim Report on October twenty fifth.
Gadgets of curiosity within the report embody:
- restoration of $2 million as of September thirtieth, 2018 ($1.8 million held)
- service provider account processors cooperating, apart from one notable instance in Mexico
- John Souza is refusing to provide again half 1,000,000 in settlement overpayments to Paradise Media Ventures (made previous to the FTC’s lawsuit)
Authorized motion could also be taken in opposition to Souza sooner or later.
There’s no particular point out of clawback litigation within the report however there’s this sentence;
The Receiver can also be investigating potential harm claims in opposition to third events.
The Receiver is not going to file any actions in opposition to these third events with out first in search of Court docket approval.
Unsure whether or not Digital Altitude’s high associates depend as “third-parties” however I think about so.
Receivership charges at the moment stand at round 10% of recovered funds.
Both much more needs to be recovered and shortly’ish, or Receivership charges are shortly going to eat into what’s speculated to be returned to Digital Altitude victims.
One different factor I take subject with is the Receiver signing off his report with;
To foster communication with events, the Receiver established the web site www.digitalaltitudereceiver.com.
The Receiver continues to replace this web site commonly.
The Digital Altitude Receivership web site hasn’t been up to date since July.
I can’t hyperlink you a duplicate of the Receiver’s report as a result of he’s performed a crappy job of maintaining the Receivership web site up to date.
Replace March tenth 2019 – An accredited $54 million greenback judgment in opposition to the Digital Altitude defendants has introduced the FTC’s case to a detailed.