Global Diamond Exchange, Inc. (GBDX)

[texas tom]

The SEC and U.S. law enforcement agencies have identified the transfers that went to Turino's family and friends. This money is recoverable. Turino made 9.6 million from manipulating the price of GBDX and other companies. Where do the lawyers come in. This is a Federal judgement. The U.S. Department of Justice does not charge victims for collecting money from the defendants to pay the victims. The next actions should be the involvement of the IRS to identify unreported income for the periods in question. There is a 10 year statute for the IRS to collect back taxes once the tax returns are on file. A 20 year statute on collection for the Federal judgement we have.

It is possible that each of the defendants will wind up in Federal prison. Possibly, also state charges will be filed against them. This does not stop collection activities. Each defendant could earn as much as $500 per month if they work overtime at Unicor Industries. Half that amount is deducted from their earnings to pay restitution. If the defendant decide to quit work atUnicor then they are assigned to other work. Even then 50% of their earnings are subtracted for restitution.

Jeff Turino and each of his associates will be paying restitution to the Department of Justice for the next 20 years.