Ideal Financial Solutions, Inc.(fka IFSL)

[Charlie48]

January 28, 2014 - Receiver's Update

The FTC case against Defendants is proceeding and is now in the discovery phase. Absent a settlement, the case could extend indefinitely.

The Receiver continues the process of accumulating the limited assets of Receivership Entities and pursuing possible claims against third parties. It is still too early in the process to determine whether, and to what extent, there will be assets available for a consumer redress procedure for consumers victimized by Ideal.