Thread: Banners Broker HYIP ponzi scam

Some bad news to share today I'm afraid.
This email was received by a creditor this morning from Spergel:

Hello,
We have concluded our international tracing efforts and unfortunately have been unable to garner further recoveries.
Given the limited funds recovered, we do not
expect any money to be paid to creditors.
A complete report will appear on our website in due course.
Regards,
msi Spergel inc., court-appointed receiver of Banners Broker International Limited.

https://www.spergelcorporate.ca/img/...-redacted-.pdf
Banners Broker International Limited | Spergel Corporate

MOTION RECORD
(returnable November 1, 2019)

(e) This is a motion to vary the Mareva Order to enable the Receiver to enforce
judgments against Kuldip Josun (“Josun”) and Rajiv Dixit, Dixit Holdings
Inc., Dixit Consortium Inc., and Dreamscape Ventures Ltd. (collectively, the
“Dixit Defendants”). The judgments total over $206 million. As further
explained below, approximately ten bank accounts with balances totalling
approximately $32,000 were caught by the Mareva Order.
...
(o) On August 17, 2017, the Receiver obtained default judgment against Josun
in the amount of Canadian currency sufficient to purchase USD$6,070,790.
(p) The Dixit Defendants consented to a judgment in favour of the Receiver in
the amount of $200 million. The consent judgment was obtained by the
Receiver on July 25, 2018.
(q) Neither Josun nor the Dixit Defendants have satisfied the respective
judgments against them