Case Status

Evolution Market Group Remission Fund
U.S. v. Assets Described in “Attachment A” To the Verified
Complaint for Forfeiture in Rem (M.D. Fla.) and
U.S. v. Sixty-Four 68.5 lbs (Approx.) Silver Bars, et al. (M.D. Fla.)

Update – January 4, 2019

The U.S. Department of Justice, Money Laundering and Asset Recovery Section, ruled on the first wave of victim petitions on December 27, 2018. The claims administrator is in the process of sending approval, partial denial, and denial letters to those petitioners. Denied and partially denied petitioners will have 45 days to request reconsideration of DOJ’s decision pursuant to 28 C.F.R. §§ 9.8(a)(3) and 9.4(k). Since the net proceeds of the forfeitures are insufficient to fully compensate all petitioner losses, approved petitioners will receive a pro rata share of the forfeited proceeds once DOJ has completed all decisions. In the meantime, please notify the claims administrator immediately of any address changes.

Approximately 23,573 petitions totaling $491,652,263.01 remain to be decided. The website will be updated when each subsequent wave of decisions is made.

Update – July 20, 2018

Analytics, the remission administrator working on behalf of the Department of Justice, received 23,545 petition forms from victims of Evolution Market Group claiming over $602,878,808.00 in total losses. The remission administrator continues to review the claimed losses and determine whether the losses are supported by the documentation submitted with each petition.

In 2018, the remission administrator sent two waves of deficiency notices to certain petitioners. The Department of Justice expects to begin issuing final deficiency notices by the end of the calendar year. When the claims administrator sends a new wave of notification letters, this notice will be updated accordingly.

Finally, if the value of the approved petitions exceeds the limited value of the forfeited property, the Department may grant remission on a pro rata basis. See 28 C.F.R. § 9.8(f). If that is the case, checks cannot be issued until the Department rules on all petitions and requests for reconsideration.

Please note this website contains information regarding the ONLY remission process concerning Evolution Market Group – doing business as – Finanzas Forex, DWB Holding Company, Superior International Investments Corporation, German Cardona, Daniel Rojo Filho, Pedro Benevides and others in which investors were defrauded out of millions of dollars.

The remission process was initiated and is being overseen by the United States Department of Justice and administered by Analytics LLC. Please beware, any other websites or entities claiming to administer remission payments or refunds concerning the above are fraudulent. Don’t be fooled by scammers who promise to get your money back for a fee. You never have to pay to take part in the Department of Justice Remission Programs.

The United States Government obtained a judgment in federal district court resulting in the forfeiture of approximately $40 million in bank funds and $138 million worth of gold and silver which were seized by federal authorities for their involvement in a fraud perpetrated by Evolution Market Group (EMG) doing business as Finanzas Forex (FFX). These proceeds will be distributed to eligible victims through a process called “remission.” Authority to grant remission rests with the US Department of Justice, pursuant to the Code of Federal Regulations, Chapter 28, Part 9 (2010).

Investment decisions demand time and careful consideration. For more information see: www.consumer.ftc.gov/articles/0238-investment-risks.