Following on from a USFIA victim claims process submission
announced in late January
, the submitted process received have received court-approval.

As per a March 7th order, the Receiver is

authorized to proceed with Phase One of the claims process as reflected in the Motion and report back to the Court with his findings and a proposal for Phase Two of the claims process.

Phase One of the claims process is making USFIA victims aware of the process and collecting filed claims.

A claims bar date has been set for June 29th, 2018, after which Phase Two of the claims process will commence.

This will see the Receiver sift through submitted claims and weed out those that are deemed disallowed.

Note that specifics regarding phases two of the claims process have yet to be published.

For anyone considering filing a USFIA victim claim, be aware that you 
cannot claim expected ROIs.

USFIA was a Ponzi scheme
and the money you were promised in returns 
does not exist.

Only funds you personally invested and only if you 
didn’t
receive more than your personally invested.

Note that compounding monopoly money ROIs doesn’t count as personal investment.

As of yet the USFIA claims portal has yet to go live. Stay tuned…

🤖 Quick Answer

What is the USFIA victim claims process and when was it approved?
Following a January submission, the USFIA victim claims process received court approval on March 7th. The Receiver is authorized to proceed with Phase One, focusing on victim awareness and claims collection, with a claims bar date set for June 29th, 2018.

What does Phase One of the claims process involve?
Phase One consists of notifying USFIA victims about the claims process and collecting filed claims. The Receiver will manage victim outreach and claims submission procedures during this initial stage of the compensation process.

When will Phase Two of the claims process begin?
Phase Two commences after the claims bar date of June 29th, 2018. During this phase, the Receiver will review submitted claims and determine which ones qualify for approval or disallowance based on established criteria.

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