Great news for investors waiting for refunds from FXTO

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Update 12-3-03
I know you are all understandably eager for an update. This has been an enormously and unexpectedly time-consuming process, and I find that I underestimated how long it would take to complete.
We have been reviewing all of our records carefully to ensure that we do not inadvertently exclude anyone who sent a completed questionnaire and power of attorney as of Wednesday, July 16, 2003.
We have also been auditing the claims submitted by everyone against the records we received from e-gold, to verify that no one overstated the amount of his or her claim, whether by accident or otherwise. I am pleased to say that the overwhelming majority of the claims we received were consistent with the records we obtained from e-gold. We did flag a small number of claims for follow-up verification, and we are currently finalizing that process.
Subject to the foregoing follow-up matters, we expect to begin making distributions within the next several days. Note that the process of making distributions may, by itself, take several days, given the huge number of transactions this will entail.
Meanwhile, however, I am sure you are all eager to know how much of your claim you will recover at this point. Accordingly, we have calculated the following estimates of the amount of recovery. Note that these are only best estimates, based on the current audited figures. The final recovery to each person may vary somewhat.
In this lawsuit we recovered 1880.8968278 oz. of gold from the various e-gold accounts controlled by Jeff Vlahovic/FX Trades Online. After deducting our fees (35%) and expenses (which were less than $2000 total), we have approximately 1219 oz. remaining for distribution to claimants. According to the e-gold site, this weight has a current value today of approximately $490,000 US.
The verified claims currently total approximately $1,300,000 US.
Therefore, subject to any modifications as we finalize the audit and review, and subject to fluctuations in the value of gold, we project that claimants will receive approximately 37.7 cents on the dollar for their verified claims from the current recovery. (Distributions will be made on a pro rata basis relative to the total claims, and therefore the distribution by weight to each claimant will be unaffected by fluctuations in the value of gold.)
As many of you already know, Jeff Vlahovic?s lawyer has agreed to produce all of Mr. Vlahovic?s financial records, and has agreed to produce Mr. Vlahovic for a deposition. The purpose of this will be to determine whether Mr. Vlahovic has other assets from which we could obtain a further recovery. Accordingly, we hope that there may be additional recoveries, although that is by no means certain.
Please be assured that we are working very hard to complete this process as quickly as possible.
Thank you