On July 18, 2025, the Receiver filed a Motion to (1) Approve Procedure to Administer Claims and Proof of Claim Form, (2) Establish Deadline for Filing Proof of Claim Forms, (3) Permit Notice by Mail and Publication, and (4) Approve Retention of Simpluris. A copy of this motion can be found here. This motion seeks the Court’s approval to commence a Claims Process for each person who thinks they may have a claim against any Receivership Entity to submit a claim to the Receivership proceeds obtained from liquidated assets. If you believe you may have a claim arising out of or in any way related to the acts, conduct, or activities of a Receivership Entity, the proposed Claims Process will require you to submit a Proof of Claim Form by a specified date (“Claims Bar Date”) as set forth in the motion. As reported in the Receiver’s Quarterly Reports, the value of the assets recovered was minimal relative to the monies invested in the Harbor City scheme. Should the Court approve the proposed Claims Process and ultimately the claims submitted by investors with allowed losses, investors should be aware that any approved distributions will be nominal. Please continue to monitor this website for updates relating to this pending motion.