What happened to my investment in funds controlled by Mr. Friedman?
The SEC alleges that DLG, AEI, and Friedman perpetrated a investment fraud. No factual determination was made by the court as Mr. Friedman stipulated to entry of the March 10, 2009, Preliminary Injunction and the other Defendants defaulted. The Receiver, and the other professionals that he retains, such as attorneys, accountants, and investigators, will identify and gather the assets that belong to the entities in this Receivership and determine whether any other funds exist. The availability of funds to pay investors will depend upon the results of the liquidation of the Receivership Defendants assets and other efforts by the Receiver and other parties in connection with the Receivership. Some preliminary answers can be found in the answer to FAQ 10.
