The amazing thing not told in this story is how many victims of Nikolai Battoo have not registered with the receiver and liquidator. Victims may not receive much from the receiver but they will get something but only if they have registered a claim. When I last spoke with the U.S. receiver, over 100 folks had not. They are leaving money on the table!
Those that purchased from stockbrokers or investment advisors should get much more back. Again, however, only if they pursue their claims. We have successfully brought claims for our clients against JP Turner, NFP and others for these losses.
Don't sit on your hands! Get onboard with the many who are getting some or all their money back!
Great article Neil. Glad to see the Tribune 242 covering this story. Unfortunately, the more traditional outlets have not done a good job following Battoo and his tangled web of lies and deceit.
The infighting by the various receivers and liquidators only hurts Battoo's many victims. We have seen lives and dreams ruined by Nikolai Battoo and the PIWM / Maven scam.
Quick reminder to victims out there... no matter which liquidator or receiver "wins" the next round of skirmishes, victims are likely to only see nickels or dimes on the dollar. If you purchased your PIWM or Maven investment from a stockbroker, investment adviser or insurance agent, don't wait! Often these folks can be held responsible for investors' losses.
Google or search PIWM fraud" for some good suggestions to important next steps.
brianmahany says...
Nikolai Battoo? All the news is here on the Tribune 242 or on www.piwmfraud.com
On BISX listee in talks to settle SEC litigation
Posted 18 March 2016, 2:40 p.m. Suggest removal
brianmahany says...
The amazing thing not told in this story is how many victims of Nikolai Battoo have not registered with the receiver and liquidator. Victims may not receive much from the receiver but they will get something but only if they have registered a claim. When I last spoke with the U.S. receiver, over 100 folks had not. They are leaving money on the table!
Those that purchased from stockbrokers or investment advisors should get much more back. Again, however, only if they pursue their claims. We have successfully brought claims for our clients against JP Turner, NFP and others for these losses.
Don't sit on your hands! Get onboard with the many who are getting some or all their money back!
On BISX listee in talks to settle SEC litigation
Posted 18 March 2016, 2:39 p.m. Suggest removal
brianmahany says...
Great article Neil. Glad to see the Tribune 242 covering this story. Unfortunately, the more traditional outlets have not done a good job following Battoo and his tangled web of lies and deceit.
The infighting by the various receivers and liquidators only hurts Battoo's many victims. We have seen lives and dreams ruined by Nikolai Battoo and the PIWM / Maven scam.
Quick reminder to victims out there... no matter which liquidator or receiver "wins" the next round of skirmishes, victims are likely to only see nickels or dimes on the dollar. If you purchased your PIWM or Maven investment from a stockbroker, investment adviser or insurance agent, don't wait! Often these folks can be held responsible for investors' losses.
Google or search PIWM fraud" for some good suggestions to important next steps.
On Liquidators pledge recognition of $83m Alliance investments
Posted 26 December 2013, 9:21 p.m. Suggest removal