Following a joint-application filed on July 25th, Dan Putnam’s securities fraud case has been delayed well into 2023.

As stated in the filed joint-application, the requested reason for the delay pertains to the size of the case.

This is a complex case involving approximately 19,000 cryptocurrency transactions.

The Parties are still engaging in settlement discussions. The Parties seek to avoid the expense of further discovery while they seek a resolution to the case through settlement discussions.

The SEC alleges Putnam (right) and fellow defendants Angel A. Rodriguez and Jean Paul Ramirez Rico, through
Modern Money Team
and other Ponzi schemes,
defrauded consumers out of at least $12 million
.

Putnam’s seventy-eight year old father, Richard T. Putnam, is a relief defendant in the case.

On July 27th the court granted the application, pushing a scheduling conference back to 
June 7th, 2023.

Whether a settlement between the parties is reached in the meantime remains to be seen.

The court noted it is “not inclined to grant further extensions of the case schedule.”

In the meantime, Putnam is busy coming up with new MLM opportunities. Daily Exposed has thus far noted the recent launches of
B-Eco
and
Against All Odds
.

Due to exclusivity agreement representations, we believe Putnam is also behind
Govvi
.

🤖 Quick Answer

What is the current status of Dan Putnam's securities fraud case?
Following a joint application filed July 25th, the case has been postponed into 2023. The delay stems from the case's complexity, involving approximately 19,000 cryptocurrency transactions. Both parties continue settlement discussions to minimize discovery expenses while pursuing resolution.

Who are the defendants accused in this securities fraud case?
Dan Putnam, Angel A. Rodriguez, and Jean Paul Ramirez Rico face allegations of operating Ponzi schemes through Modern Money Team and other entities. The SEC claims they defrauded consumers of at least $12 million through fraudulent cryptocurrency transactions and investment schemes.

What evidence is involved in Putnam's case?
The case encompasses approximately 19,000 cryptocurrency transactions, constituting substantial evidence requiring extensive analysis. This complexity necessitated the postponement to allow adequate time for discovery proceedings and settlement negotiations between the parties

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