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Does the SEC also have a fund for victims of the Adelphia fraud?

April 26, 2017adelphia fraud fund sec victims

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Does the SEC also have a fund for victims of the Adelphia fraud?

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The Securities and Exchange Commission has obtained additional funds in civil enforcement actions it brought in connection with the Adelphia securities fraud, SEC v. Adelphia Communications Corp. et al., 02 CV 5776 (PKC) (USDC SDNY). Those funds are subject to the jurisdiction of the Federal District Court presiding over the SEC’s enforcement actions. The SEC intends to seek permission from the Federal District Court to distribute those funds to victims of the fraud. To be considered for a distribution from the SEC fund, you do not need to do anything at this time other than petition DOJ for a distribution as set forth in this letter and the accompanying documents. Further notice will be made by the SEC if any other or additional steps will be required to be considered for a distribution from the SEC fund.