Monday, August 05, 2013 1:19:18 AM
the company owed the Levy's 2.2 million and perhaps still do, pending the SEC vacating that debt. i am CERTAIN that GDGI is going to be able to take that off the books eventually, and probably at sentencing time.
even though some of their service was legitimately helping them take over the telecom shell and use the structure to become publicly tradeable, i would think all the subsequent chicanery renders them unable to collect on that. even if the Levys could convince the SEC that some fraction of the 2.2 was for legit service and keep it from being vacated, if they try to collect, GDGI could counter sue for damages and the Levys as plaintiff from behind bars could not possibly prevail in collecting.
maybe some damages will come to those who held stock during the fraud, but i am not too optimistic after asking some (not specialized) lawyers (who were far from certain). ...pennies is as pennies do....caveat emptor...just a pain in the neck for the SEC
i am pretty certain the SEC is not going to be passing out money to people who bought AFTER the fraud. why would they? and giving the money directly to the company is giving money to people who bought AFTER the fraud, but not giving money to some people who bought and sold during the fraud. see?
of course, justice is not only blind. she is also crazy and seemingly lives on another planet. so who knows, i suppose.
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