A court-appointed receiver has finished recovering and redistributing assets to investors defrauded by Rex Venture Group LLC between January 2011 and August 2012.
Judge Graham C. Mullen of the US District Court for the Western District of North Carolina entered final judgment against RVG on Monday. The judgment accounts for over $817 million, representing about $548.5 million in investors’ losses plus about $269 million in interest accrued since the SEC’s original filing.
Source: SEC Recovers Over $800 Million After Decade-Long Ponzi Case
