![]() Once the Court approves these procedures, notice of how and when to file a claim will be sent out to all interested parties. The Receiver anticipates filing a motion asking the Court to approve these claim procedures within the next several weeks. The Receiver and his team have diligently been preparing and finalizing a claims process that will be used to identify claimants of the Receivership Estate. Once the Receiver’s response is filed, the Court will set a hearing at which the Court will rule on these objections. At this time, the Receiver is currently reviewing all objections received in response to that motion and plans to file a response to these objections with the Court in the coming weeks. That motion is still pending before the Court. inventory, which consists of coins, Mormon money, paper currency, bullion, and other miscellaneous items. The Receiver continues to work towards liquidating the remainder of the Receivership property and anticipates this process will be ongoing for some time.Īs part of these efforts, the Receiver has filed a motion with the United States District Court seeking approval to liquidate the Rust Rare Coin Inc. At this time, the Receiver has made notable progress on this front and has successfully sold a large portion of the Receivership’s assets. Over the past several months, the Receiver and his team have been working to liquidate the various real and personal property within the Receivership Estate. A more in-depth update on the Receivership’s activities during this last quarter (April 2019 –June 2019) will be set forth in the Receiver’s Third Quarterly Status Report, which will be posted to the Receiver’s website on July 31, 2019. In addition to these Status Reports, the summary below outlines the Receivership’s current efforts. Receiver’s Second Quarterly Status Report () These Status Reports provide a summary of the Receivership’s ongoing efforts and are always posted on the Receiver’s website: In an effort to keep all interested parties informed about the Receivership’s current status, the Receiver files quarterly Status Reports with the Court. I have no doubt that he took money out of this for himself, he also poured money into his businesses which were never successful, but the truth is he paid a lot of money out to investors over the years to keep the ponzi alive and if you are one of those that got money out of it over the past 10 years.good luck! It is amazing to me just how vain people can be, maybe in the beginning at some finite point he had good intentions but that point went by.early in this process, he has been a liar for a long time, how does something like that not eat you up from the inside? Gaylen is a con man, he made promises and stole the money, any of you that believe that he will pay you back someday, you are living in a delusion that you need to wake up out of and if you think he is a good man and this is all a fabrication please donate money.just not to him! Just so everybody knows, I have no sympathy for those of you that will have to pay back money, if I had a net gain in this I would give it back at this point. ![]() So today I talked with an investigator that is working on this case, she made a comment that there are likely people that are net positive that are in the pool with everyone else, trying to get information about what is going on so that they can protect themselves better and help their plight to try to keep the money that they have gained. ![]() ![]() Denise and Josh I hope for your sake that he will be stand up for you, maybe you have a hope of getting some leniency if he(Gaylen) takes some of the blame for you but I would guess at this point you probably trust him as much as we do! Good luck and remember that as much as you want to blame this on us and our greed it was your choice to become a criminal! I know that so many of you are saying that this will all be explained in the end, well good luck with that because I don't think we will ever hear an explanation of what happened and if we do it will be the same crap(excuses) and he will never take responsibility. Please someone tell me he was sick, that he's in the hospital or maybe he was at the temple. Stop and think about that.you would leave your wife and kid to deal with the crap you started. They announced this yesterday 10-17-19 in court proceedings, I didn't attend but got a good report of what happened, the one interesting thing said was that Gaylen wasn't in the court room but Denise and Josh were. Well they finally sent out a "Save The Date" and it's May 11th, 2020.
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