The Revenue Join Receiver identifies William Roshak, a Nevada resident, as one of many Ponzi scheme’s staff.
Roshak was additionally a high Revenue Join affiliate promoter.
Of the $3 million that Revenue Join paid out to its associates, Roshak obtained over $500,000.
On November 4th the Receiver filed a clawback lawsuit towards Roshak, his former spouse and his present spouse.
Named defendants within the Receiver’s clawback lawsuit are William Roshak (aka Invoice Roshak), Melissa Roshak and Tetiana Luzhanska.
As per the Receiver’s lawsuit, Roshak
was an worker, promoter, and agent of Revenue Join, in addition to a former police officer with the Las Vegas Metropolitan Police Division and that he in any other case owned and operated a sole proprietorship referred to as “William George Images.”
Melissa Roshak is William’s former spouse. She filed for divorce in December 2017. William married Tetiana Luzhanska someday after December 2018.
William Roshak obtained his ill-gotten Revenue Join good points by way of his firm William George Images, and present spouse Luzhanska.
William, together with by way of William George Images, obtained at the very least $168,063.06 from Revenue Join as purported “commissions” for his work as a Revenue Join gross sales agent and/or as fee for different purported work he carried out for Revenue Join; these monies have been transferred to William between August 2019 and January 2021.
The Kovars induced Revenue Connect with switch roughly $3,000 monthly to William beginning in 2019 and persevering with by way of August 2020, at which era the month-to-month transfers elevated to $10,833.00 by way of January 2021.
“The Kovars” refers to Brent (proper) and Pleasure Kovar, Revenue Join’s house owners and first beneficiaries.
Then, beginning in February 2021, William started taking $833.00 monthly in purported “wages” for his alleged work as Revenue Join’s warehouse supervisor; in the meantime, Tetiana—William’s new spouse—obtained the rest of $10,000 monthly in purported “wages” for her alleged work as a member of Revenue Join’s “technical workers;” upon info and perception, these transfers continued till the stipulated asset freeze was put in.
Funds to Tetiana Luzhanska (proper) have been made so Roshak might cheat on his divorce funds.
The Kovars induced Revenue Connect with make use of Tetiana in title solely, as a part of a scheme William devised in order that he might keep away from reporting in his divorce motion the quantities he obtained from Revenue Join by way of Tetiana.
Tetiana has no technical coaching or experience—at the very least none that may be germane to Revenue Join—and is as an alternative a former tennis participant who’s employed as a tennis assistant coach on the College of Nevada Las Vegas.
The Kovars induced Revenue Connect with divert investor funds … to help William in his personal fraud upon his ex-wife and the Eighth Judicial District Court docket in order that he may keep away from his monetary obligations in connection along with his divorce.
Seeing as Revenue Join was a Ponzi scheme, the Receiver places forth that Roshak’s and Luzhanska’s Revenue Join good points are topic to clawback.
The representations made by the Kovars and people working for them, together with William Roshak, have been patently false, and actually
(a) tens of hundreds of thousands of {dollars} have been used for Ponzi funds and unauthorized private and so-called enterprise bills;
(b) any investor returns and agent fee have been fully fraudulent and funded by Ponzi funds of latest investor cash;
(c) Revenue Join was by no means worthwhile and persistently operated “within the crimson.”
The transfers described above, in addition to all different transfers that the Kovars induced Revenue Connect with make to William and Tetiana, have been constituted of the fruits of the Kovars’ fraudulent scheme; particularly, these transfers have been constituted of
(1) principal funding cash from new traders;
(2) current traders’ principal funding cash; and
(3) further principal funding cash from current traders.
A number of the cash Roshak obtained by way of Revenue Join was put into his PERS retirement account.
As a former public worker (a police officer no much less), Roshak is entitled to take part within the Public Workers’ Retirement System of Nevada (PERS).
The Receiver doesn’t know the total quantity Roshak and Luzhanska obtained by way of Revenue Join, however states;
To permit William and Tetiana to maintain monies they obtained from Revenue Join (regardless of the last quantity is set to be following discovery) could be inequitable and unjust, together with to Revenue Join traders.
The Receiver seeks to get well such quantities on this lawsuit and to declare that Melissa Roshak has little interest in the funds fraudulently transferred to William Roshak’s PERS retirement account or in any other case.
The Receiver lawsuit accuses Roshak and Luzhanska of fraudulent switch and unjust enrichment, and seeks declaratory judgment towards them. Authorized prices are additionally sought.
The Receiver asks this Court docket to enter judgment towards William Roshak and Tetiana Luzhanska within the quantity of monies every defendant obtained from Revenue Join, whether or not by the use of a fraudulent switch or as an unjust profit, and to order and declare that any Revenue Join monies transferred to William Roshak’s PERS account or in any other case be disgorged and transferred to the Receiver on behalf of Revenue Join.
As some extent of notice, the Receiver’s November 4th grievance named the PERS government officer as a nominal defendant.
On November twenty third PERS’ EO was voluntarily dismissed from the case. No cause for the dismissal was offered.
Roshak and Luzhanska filed their reply to the Receiver’s grievance on December sixth.
Of their reply, Roshak and Luzhanska
deny the existence of any fraudulent transfers or fraudulent transferees.
In previous MLM Ponzi circumstances I’ve coated, I don’t recall enjoying dumb being a profitable protection towards clawback litigation.
I realized of the Roshak clawback case by way of a Receivership submitting on December 1st.
Within the submitting the Receiver seeks reassignment of his Roshak clawback case, to the identical Choose listening to the SEC’s Revenue Join case.
The Receiver claims reassignment is warranted on the premise of judicial financial system.
Roshak and Luzhanska opposed the reassignment request on December sixth.
Their lawyer claims
the Defendants had completely no function in any such scheme and intend to vigorously defend towards the Receiver’s allegations.
However, the relevance of any such factual overlap is immaterial because the Receiver will probably search to unwind any transactions between Revenue Join and the Defendants whatever the Defendants’ information or involvement in any alleged Ponzi Scheme.
As such, the tenuous connection between these circumstances won’t probably serve the pursuits of judicial financial system.
I’ve added the Roshak clawback litigation to BehindMLM’s calendar.
Keep tuned for updates as we proceed to trace the case.
Replace thirteenth February 2022 – A settlement convention has been scheduled for March twenty fourth.
Replace twenty fifth March 2022 – The scheduled settlement convention was rescheduled for Could twenty fifth on account of “scheduling conflicts”.
Replace twenty sixth Could 2022 – The scheduled settlement convention has resulted in an agreed settlement between the events.
The Court docket heard shows from counsel and the events. A settlement was reached.
I’ll publish a separate article as soon as settlement filings can be found.
Replace twenty fourth August 2022 – Roshak has reached a $470,000 settlement with the Revenue Join Receiver.