Distribution of Settlement Proceeds from Western and NRP
(Fourth Interim Distribution)


NOTICE: BY CASHING THESE CHECKS YOU RELEASE ANY CLAIMS YOU MAY HAVE AGAINST NRP OR WESTERN STEMMING FROM THIS PONZI SCHEME.
CLICK HERE FOR THE TERMS OF THE WESTERN RELEASE
CLICK HERE FOR THE TERMS OF THE NRP RELEASE

These releases apply only to the checks that contain proceeds from the Receiver’s settlement with Western and NRP.  These checks contained a notation in the memo line stating “Cashing Releases Western” and “Cashing Releases NRP”, respectively.  The cover letter enclosing these checks also notified recipients about the release.  If you do not want to give up your claims against NRP or Western, please return the uncashed check or checks to the Receiver with a letter, signed by you, stating that you have declined to accept the proceeds from the NRP and/or Western settlements.


Western International Securities, Inc. Settlement, Release, and Distribution

On January 20, 2012, the Court entered an Order approving the Receiver's Settlement Agreement with Western International Securities, Inc.  The Settlement Agreement can be found here and the Court Order approving the Settlement Agreement can be found here.

On May 7, 2012, the Receiver mailed checks to claimants for their pro rata shares of these settlement funds.  Please be aware that if you cashed this check, you released any claims you may have against Western relating to this Ponzi scheme.  The provision of the settlement agreement that contains the full terms of the release you agree to by cashing these checks can be found here.

 

NRP Financial, Inc. Settlement, Release, and Distribution

On March 23, 2012, the Court entered an Order approving the Receiver’s settlement agreement with NRP Financial, Inc.  The Settlement Agreement can be found here and the Court Order approving the Settlement Agreement can be found here.

On May 7, 2012, the Receiver mailed checks to claimants for their pro rata shares of these settlement funds.  Please be aware that if you cashed this check, you released any claims you may have against NRP relating to this Ponzi scheme.  The provision of the settlement agreement that contains the full terms of the release you agree to by cashing these checks can be found here.


Distributions by the Receiver To-Date

Click here to read more about this and other distributions made by the Receiver.