Tuesday, September 15, 2009

Spoke to Agage Bankruptcy Trustees Office Yesterday

Rachael Dioguardi spoke To Bob and I for a good 30 minutes, answering any and all our questions as best she could.

The bottom line, The Trustees office is working aggressively towards recovering assets from brokers, investors who made profits, and any third parties that might have had a hand in supporting this fraud.

Many of the Agape brokers have had their assets frozen and are either cutting deals with the Trustee to avoid prosecution or pleading the 5th amendment.

As it was explained to us, Pleading the 5th would lead to a "negative inference" (Negative inference, is where an interpreter takes a statement of fact and then assumes the negative premise is true) position on the part of the investigation and the Trustee would take action accordingly.

The Trustee is about two weeks from having a final dollar amount of legitimate claims and claimants. They also expressed a possibility of a first disbursement sometime in December 2009.
The Disbursement wouldn't amount to much in the big picture but it would be a first step.

They also mentioned the probability of having another large law firm represent them (and us) in investigating third party liability (BOA, Commodities brokers, etc,).

All in all, I would say the Trustee is doing a great Job.

hang in there brothers and sisters,

Our Strength and Unity

Our Strength and Unity
Our Strength and Unity


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