Here's the reply that i got from Caroline this afternoon:
Frank.
I apologize for the delays. I have given you the most up to date information I have at my disposal, but there have been many unforeseen delays. I am updating the Xybernaut website www.xybernautremission.com whenever I hear anything new from the DOJ. The most recent update is this, from January 15:
The amount of forfeited assets currently available for distribution to victims is approximately $4.3 million. The Department of Justice has determined that additional assets valued in excess of $500,000 are likely to become available on or about April 2013. In order to maximize the amount of funds available for victims, while minimizing administrative costs, distribution of checks may be held until the additional funds are received. This website will be updated when more information becomes available regarding the date of distribution. Thank you for your patience as we work to provide the maximum possible recovery for victims of the Xybernaut fraud.
We do not know the final amount of the settlement fund so we can’t do the distribution calculations yet. We do not know when checks will be mailed or the percentage return at this time. As soon as the DOJ authorizes us to issue the checks, we will mail them as soon as we can. We understand how frustrated everyone is because of the delays but they are out of my control and not caused by BMC Group.
Best Regards
Caroline
Caroline P. Barazesh
952.404.5709
bmcgroup
