SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : International Automated Systems
IAUS 0.04000.0%Jul 8 4:00 PM EDT

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10PreviousNext  
From: TEDennis8/18/2025 4:05:51 PM
   of 7616
 
Update on Receiver's collection processing, copy pasted from a Receiver's status report:

On June 23, 2025, the Receiver distributed an additional $1,750,000.00 to the U.S. Treasury, bringing the total amount distributed to date to $10,750,000.00.

Only about $40 million to go to meet Judge Nuffer's $50 million judgment in what he called a "Massive Fraud".

Methinks it's highly unlikely that judgment will be met. The question remains ... now what?

In other legal action ...

There were 200 or so US Tax Court cases that were filed by those poor suckers who actually believed the Fairy Tale told by IAS/RaPower3 key players. After the IRS said "no go" in a test case, it was appealed and they lost again. There are still over 100 cases outstanding (why?). Until they concede, penalties keep piling up.

Moving right along.

Sure is a pretty day.

TED
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10PreviousNext