You're asking a layman here, but I'll hazard a guess.
The scumbags already agreed to repay nearly 9 million dollars. Then a judge entered orders directing them to do so.
As you can see, Barton was ordered to repay nearly 5 million dollars of that amount.
FINAL JUDGMENT AS TO DEFENDANT RAYMOND H. BARTON - IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $2,620,595.00, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $320,443.92, and a civil penalty in the amount of $2,000,000 pursuant to Section 21(d)(3) of the Exchange Act. Defendant shall satisfy this obligation by paying $4,941,038.92 to the Securities and Exchange Commission within 14 days after entry of this Final Judgment. SEE ORDER FOR FURTHER INFORMATION. SO Ordered by Judge Sandra J. Feuerstein on 2/2/2017.
FINAL JUDGMENT AS TO DEFENDANT WILLIAM G. GOODE - IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $2,024,862.00, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $247,598.25, and a civil penalty in the amount of $1,500,000.00 pursuant to Section 20(d)(1) of the Securities Act. Defendant shall satisfy this obligation by paying $3,772,460.25 to the Securities and Exchange Commission within 14 days after entry of this Final Judgment. FOR FURTHER INFORMATION SEE ORDER. SO Ordered by Judge Sandra J. Feuerstein on 2/2/2017.
FINAL JUDGMENT AS TO DEFENDANT MATTHEW CHARLES BRIGGS - IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $30,000.00, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $2,194.51, and a civil penalty in the amount of $30,000.00 pursuant to Section 21(d)(3) of the Exchange Act. Defendant shall satisfy this obligation by paying $62,194.51 to the Securities and Exchange Commission pursuant to the terms of the payment schedule... FOR MORE INFORMATION SEE ORDER. SO Ordered by Judge Sandra J. Feuerstein on 2/2/2017.
FINAL JUDGMENT AS TO DEFENDANT KENNETH MANZO - IT IS FURTHER ORDERED, ADJUDGED, AND DECREED that Defendant is liable for disgorgement of $33,000.00, representing profits gained as a result of the conduct alleged in the Complaint, together with prejudgment interest thereon in the amount of $2,765.85 and a civil penalty in the amount of $60,000.00 pursuant to Section 21(d)(3) of the Exchange Act. Defendant shall satisfy this obligation by paying $95,765.85 to the Securities and Exchange Commission within 14 days after entry of this Final Judgment. FOR FURTHER INFORMATION SEE ORDER. SO Ordered by Judge Sandra J. Feuerstein on 2/2/2017.
If they don't hand it over willingly, the SEC will pursue all avenues (hopefully) to recover as much of it as they can; That will include seizing assets (they've already frozen Bartons bank accounts).
And once the SEC determines they have collected all they can on behalf of investors, they will attempt to distribute the funds fairly. I have no idea how that is accomplished, but, as one of the largest bagholders, I certainly hope those who lost the most get the biggest chunk of the payouts.
And 14 days was a long time ago, no telling if anyone paid up.
As per the SEC website: "Some of the distributions in these cases are administered by the SEC staff, and in other cases, or third-party Fund Administrator/Distribution Agent has been appointed by the Commission or court to administer the distribution."
That sentence has obvious grammatical problems, but it basically says that sometimes the SEC handles the repayments, and other times someone outside the SEC is appointed to do it.
