I've watched a few works-out by administrators in hedge fund fraud cases & they are always glacially slow. Apart from a bunch of litigation, there's a whole cumbersome proof of clams process they will need to go through at some point.
Unfortunately in this case the main action is off-shore so you don't get the same visibility you would have if it was all happening in US bankruptcy court. But some info available from their site: http://ajw-group-liquidation.com/index.html
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