Q: I have a question concerning a Ponzi scheme and the subsequent trust liquidation reimbursement(s).
I was the victim of a Ponzi scheme in 2017. The liquidation trust has made its initial distribution and anticipates more payments over the next several years. This first payment represents less than 10% of the expected reimbursement, so it appears this will indeed be a long process. The only certainty is the legal fees I continue to accrue, approximately $3000 per month for 15 months now.
Since the return of funds has started, albeit at a snails pace, have I come to the point in this process where I can do without an attorney? I have no prior experience in these matters but once the liquidation trust starts this process of liquidating assets and issuing reimbursements does it just become a matter of waiting for the checks to keep coming - hopefully.
A:
If I am reading your interesting question correctly, some state and/or federal law enforcement agencies have already shut down the Ponzi scheme that bilked you out of a substantial amount of money and has set up a liquidation trust that is selling off the criminal's assets; and so you are just now starting to receive periodic payments from the trust; is that right? If so. your question appears to be one of timing, i.e., how can you speed up the repayment process; right?
Answer: There are several ways to accomplish your stated goal, some of which are better than others. Moreover, at least one of the alternatives involves a method fraught with the danger of being scammed out of all of your future
payments. Meantime, one thing appears very clear: There is no reason for you to continue paying legal fees so long as the payments continue to flow.
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