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Tuesday, September 24, 2013 10:48:58 AM
Technically, if victims of the Levy p and d haven't sold those shares, then they haven't "lost" any money. Their brokerage accounts are down. Not sure if you can be compensated for that.
A couple of the fact we do know:
1. U.S. government confiscated a total of over $15 mil from the Levys that they obtained from defrauding at least three companies.
2. Included in this total is $5.6 mil, which specifically came from defrauding GDGI.
Levy illegally obtained that 5.6 m from "pumping" GDGI and "dumping" his shares - causing the pps to plummet in the process.
These shares represent funds that the company could have sold themselves to raise money for business concerns (inventory, marketing, etc.)
Thus, Levy scammed GDGI out of $5.6 mil. It is therefore not unreasonable to think GDGI will get some of all of this money back.
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