Proof of Claim FAQ'S
If you have questions that are not answered below, please contact the Receiver’s office. The quickest way to receive a response will be to send an email to investor@receiverfip.com. Otherwise, please call the office and leave a message and someone will respond as soon as possible.
Most Common Errors
1.) All pages should be submitted. “N/A” will be a sufficient answer for anything that does not apply to you in a particular section.
2.) You canNOT submit a POC on behalf of someone else. The POC should be submitted by the individual(s) whose name is on the account.
3.) Page 4 should be executed fully.
FAQ’s
When can I expect my money to be returned to me?
- After the September 30, 2024 deadline, and after all POCs have been reviewed and processed, the Receiver will ask the United States District Court to approve a plan for claims administration and distribution. All claimants will be notified when that motion is filed and will have an opportunity to object. Once the plan is approved, a list of claimants and the Receiver’s recommendation with regard to approval or disapproval will be published. Any objection to your POC disposition will be made at this time. Once the Court approves the list of claimants, an amended list with initial distribution amounts will be filed for approval with the Court. The process of reviewing all POCs can be lengthy.
Do we file separate claims for joint vs. individual?
- Yes.
What if I made an investment for someone else? Who should file/sign the POC?
- Whomever’s name is on the Future Income Payments account should be the person who submits/signs the POC.
Can I send my POC FedEx or UPS?
- No. You must send it through the United States Postal System. You may send it certified or priority so that you are aware of when it reaches our office.
What if I do not have a copy of the check?
- Please send in all copies of documents you have pertaining to your investments with FIP along with your completed and executed Proof of Claim form. You should be able to obtain copies of the monetary instruments used for purposes of your investment from your bank or other financial institution.
What if I do not have my statement?
- Please send in copies of all documents you have pertaining to the investment(s) you made along with your completed and executed Proof of Claim form. The fact that you don’t have copies of all statements should not cause your form to be incomplete. The Receiver’s staff will do our best to work with you.
What if an investor is now deceased?
- The person who has Power of Attorney or the personal representative of the estate may submit the POC on behalf of the Estate provided a copy of proper legal documentation for the Power of Attorney and death certificate is included.
How will I be notified that my POC has been received and everything is ok?
- Once your POC has been received and verified you will receive a letter informing you that it has been reviewed and everything is correct. If discrepancies are found, you will be notified as to how the discrepancy can be remedied.
What if I’ve already sent all of my information/documents to the United States Department of Justice?
- In order to be considered for any distribution made by the Receiver’s office you will need to timely submit the Proof of Claim form along with copies of any documentation you have. The Receiver is separate from the USDOJ and does not have access to any information you have sent them in the past.
Will it be made public if I file a Proof of Claim form?
- Yes, there will be a public filing at the time a distribution is made, which includes all claimants’ names and distribution amounts.
What is the alternate contact information used for?
- The alternate contact information you provide will only be used if we are unable to reach you via all other contact information provided on your Proof of Claim form. However, we will not discuss any information regarding your claim with this individual, only for purposes of helping our office get in touch with you.