The USFIA Receiver is looking to to make a second ~$5 million distribution to victims.

The second USFIA distribution follows an
April 30th deadline
for Chinese investors to verify payment details.

As noted by the USFIA Receiver, some 84% of USFIA victims are based outside of the US.

In addition to the April deadline, the Receiver advises any first round distribution claims not settled by June 30th “will be extinguished”.

The second USFIA victim distribution is scheduled to begin

no later than July 31, 2023, with a relatively short deadline (45 days) for investors to receive and cash their Second Distribution checks, or complete wire transfer and Paypal transactions.

The second distribution is expected to wrap up on or around October 15th.

The USFIA Receiver’s second distribution plan motion was filed on May 5th. A hearing on the motion has been scheduled for July 10th.

After the second distribution, the USFA Receiver is looking to close the Receivership.

No later than November 15, 2023, the Receiver shall file motions seeking approval of a final accounting, final fee applications, the discharge of the receiver and the closing of the receivership.

Note that while we do track Receivership news, BehindMLM is not technical support for Receiverships.

Anyone with questions regarding the first or second USFIA victim distribution processes is advised to contact the Receivership.

🤖 Quick Answer

What is the USFIA Receiver's second distribution timeline?
The second distribution of approximately $5 million to USFIA victims is scheduled to begin no later than July 31, 2023, with a 45-day deadline for investors to receive checks or complete wire transfers and PayPal transactions. The distribution process is expected to conclude on or around October 15, 2023.

What deadline applies to first round distribution claims?
According to the USFIA Receiver, any first round distribution claims not settled by June 30th will be extinguished, following an April 30th deadline for Chinese investors to verify their payment details.

What percentage of USFIA victims are located outside the United States?
Approximately 84% of USFIA victims are based outside the United States, according to the USFIA Receiver's official documentation regarding the victim distribution process.

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