Quote from: joepl on June 18, 2017, 10:09:07 AM

I dont know exact of the US law is but if someone has stole cryptos so should give back reconstruction value isnt ?

I had some of cryptos there and i dont car US dollars I dont care gold ... i dont care corn etc... etc .. I care exact cryptos

agreed ?

I think the way the law works almost everywhere (except super-corrupt countries) is that the enforcement officers will confiscate assets belonging to the company or those that were purchased from proceeds of the scam, they are then sold with the recovered money being distributed between the people that lost out.

As Paul Vernon has vanished and no bitcoins or other altcoins will be recovered it seems the only assets that have been recovered are a mansion and maybe a car or two. This totals just under $2 million or so. It is this amount that will be used to pay back investors who signed up to the class action. I missed the deadline and did not register.

I think there will be legal fees involved as well which will be deducted from the $2m as well therefore the amount received by the people who claimed will be even less.