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.
