12DailyPro update: Refunds to start soon
April 4, 2009
Remember 12DailyPro (12DP)?
That high-yield autosurf investment program that offered 12% return on your investment after 12 days? If you were a former investor and you filed for a refund claim, you might get your money back if you are eligible for a refund.
12DailyPro update: Investor Web Portal currently closed
May 5, 2008
The Court-appointed receiver for the 12DailyPro (12DP) autosurf investment scam recently announced that the Investor Web Portal, the website where 12DP victims can file and monitor their refund claims, has been shut down for security reasons. Investors, however, can still contact the receiver, Thomas F. Lennon, using email or telephone.
Here’s a copy of the letter sent to investors currently waiting for their 12DP refunds.
12DailyPro update: StormPay to settle $11.7 million
April 5, 2008
Thomas Lennon, Court-appointed Receiver for the 12DailyPro (12DP) autosurf investment program, recently announced that the 12DP receivership estate will receive as much as $11,750,000 from the online payment processor StormPay.
This is in accordance with the Settlement Agreement signed by both parties which also provides that StormPay’s claims against 12DP in excess of $16 million will be waived.
Lennon believes the Settlement Agreement is a better option that pursuing a case against StormPay because it can further delay the distributions of funds back to investors and litigation costs alone could exceed $750,000.
Investor refund coming soon
The $11.7 million funds from the settlement will be added to the more than $5 million funds currently held by the estate. After receivership fees and expenses have been deducted, the remaining balance will be distributed pro-rata to investors who lost in the 12DP program.
Read the article How to file a 12DailyPro refund claim to know if you are eligible for a refund.
12DailyPro investor? You only have until January 31 to file for refund
January 4, 2008
If you previously invested and lost money in the online investment program 12DailyPro (12DP), you only have until the end of the month to file for a refund claim.
You need to log in to the 12DailyPro Investor Web Portal on or before January 31, 2008 and accept or dispute your Claim Amount. If you indicated that you “Dispute” the Claim Amount, you need to submit supporting documents also before that date in order to be eligible for the refund.
A guide on the 12DailyPro refund process is here.
(12DailyPro update) How to file a refund claim
November 17, 2007
If you were an investor of the erstwhile online investment program 12DailyPro, you now have a chance to file a refund claim and be able to get some money back if you lost money in this online scam.
Thomas Lennon, Court-appointed Receiver for the 12DailyPro (12DP) autosurf investment program, recently announced the opening of a Web Portal where investors can submit a refund claim.
12DP was an autosurf program that promised investors 12% return on their invested funds every day for twelve days. As an autosurf program, members were to run a program on their computer that would automatically view certain websites and thereby purportedly generate advertising revenue.
12DP Investors have until January 31, 2008 to login to the portal and accept or dispute the amount of the claim.
Investor claims will be calculated using the Money-In-Money-Out (MIMO) formula, which means the claim amount is equivalent to the net amount of investments (money in) and distributions made to the investor (money out).
Here is a step-by-step guide on the 12DailyPro refund process.
How to file for a 12DailyPro claim
September 11, 2007
Lost money in 12DailyPro?
You now have a chance to take part in the remaining assets of 12DailyPro, which could reach as much as $17.5 million, as per the 12DailyPro Receiver's latest report.
Thomas F. Lennon, Court-appointed permanent receiver for LifeClicks LLC and 12DailyPro (12DP), filed a Court report last month stating that they are currently holding a balance of $317,018.79 in unrestricted cash and $5,206,207.82 in restricted cash. They are also currently pursuing the recovery of approximately $12 million more funds of 12DP being held by StormPay's credit card processors, Global Payments Direct and NovaInformation Systems.
In the same report, the Receiver outlined how people who invested in 12DailyPro can file a claim for refund. However, only those who suffered a net loss are eligible.
If you are qualified, read more to find out how you can file for a 12DailyPro claim.
12DailyPro Receiver recovers $6M funds, hints at going after investors who made profit
June 17, 2007
More than $6 million worth of funds previously held by the scam autosurf program 12DailyPro (12DP) have been recovered and although refunds are being planned, how and when this will be done are still not finalized.
This is the gist of the Second Interim Report filed by Thomas F. Lennon, Court-appointed Receiver of 12DailyPro, in June 2007.
12DailyPro: Overview of an Autosurf Program-turned-Scam
June 17, 2007
In mid-2005, Charis Johnson began operating 12DailyPro (www.12dailypro.com). 12DailyPro or 12DP, as investors called it, was an an autosurf program wherein investors were promised 12% return on their invested funds every day for twelve days. In order to receive the daily earnings, members were to run a program on their computer that would automatically view certain websites and thereby purportedly generate advertising revenue.
Ms. Johnson was extremely successful in attracting investors and raised approximately $500 million in less than nine months. Investors’ money was handled not by 12DP itself but by third party Internet payment processors such as Stormpay, EMO, and e-gold.
12DailyPro refunds FAQ
March 13, 2007
The latest breakthrough 12DailyPro news came in November 2006 but recently, however, there still are no major updates regarding the receivership status of 12DailyPro or the possibility of refunds.
We might hear some 12DailyPro updates in April 2007, though, once the Receiver submits a 2nd Interim Report to the Court.
While waiting for the report, let's recap some Frequently Asked Questions (FAQ) about 12DailyPro and 12DP refunds, as posted in the website of Thomas F. Lennon, the Court-appointed receiver.
HYIP Update: Still no news on 12DailyPro refunds, it’s just report, report, report
November 8, 2006
As scheduled, the First Interim Report of the 12DailyPro receiver was submitted to and heard for approval by the United States District Court Central District of California on October 23, 2006. In response to the report, the Court:
… having considered the First Interim Report of Permanent Receiver Thomas F. Lennon ("Receiver") for LifeClicks, LLC and 12DailyPro hereby orders as follows:
1. The Receiver's First Interim Report is hereby approved.
2. The receivership will continue pursuant to the Permanent Injunction Order and any supplemental orders issued by the Court.
3. The Receiver shall file another report to update the Court and parties in interest in approximately 180 days.It is so ordered.
Hon. Stephen G. Larson
Judge, United States District Court
That means we can expect to see a second 12DailyPro update and report from the Receiver on or before April 2007. Will there be refund updates in that report? We can only hope, but personally I'm not betting on it.
What's the 12DailyPro First Interim Report all about anyway? Nothing much in there really, except for the usual legal blurbs and an explanation of who and how many were scammed by 12DP, how much was stolen, etc. For these details, read the Stats of a Scam: 12DailyPro’s $500M stash & other figures article.
[tags]12DailyPro, 12DP, 12DailyPro scam, Thomas F. Lennon, autosurf, refund[/tags]
