Securities and Exchange Commission, Plaintiff,
v.
Today's Growth Consultant, Inc.
dba The Income Store and
Kenneth D. Courtright, III
 Defendants.
Case No. 1:19-CV-08454
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FAQ's

 

1. Are the websites still being maintained?
Pursuant to the Court’s December 30, 2019 Order, the Receiver is maintaining the websites in the short-term, pending further order of the Court.

2. Is there any way I can get control of my websites?
Pursuant to the Court’s December 30, 2019 Order, the Receiver has taken custody and control of the websites and will retain custody and control until further order of the Court.

3. What is the likelihood that I will get my principal back, or any money back based on what I invested?
At this stage, the Receiver is attempting to marshal all the assets of the Income Store, after which the Receiver will propose a claims and distribution process to the Court in which you will be able to submit a claim for the amount you invested and, if approved by the Receiver and the Court, you will receive a distribution based on that investment. Upon Court approval, the Receiver will implement the claims and distribution process and send a notice to you describing the process and how you may participate.

4. Can the receiver honor any of the promises made by the Income Store prior to her appointment, including those options described in the letter to investors (“partners”), dated December 13, 2019?
At this time, pursuant to the Court’s December 30, 2019 Order, the Receiver is charged with working to maximize recovery for investors (“partners”) and thereafter to propose a claims and distribution process to the Court, which will be implemented upon the Court’s approval. The Receiver cannot honor any promises made by the the Income Store prior to her appointment.

5. Is filing for Chapter 11 bankruptcy an option for the Income Store?
Pursuant to the Court’s December 30, 2019 Order, the Receiver is permitted to file for bankruptcy on behalf of the Income Store, and the Receiver is currently analyzing all options in her efforts to maximize recovery for investors (“partners”).

6. What is the method for determining distribution of funds to investors?
The Receiver will propose a claims and distribution process to the Court after adjudication of the SEC’s claims against the Income Store, which will be implemented upon the Court’s approval.

7. What is timeframe for a resolution?
The Receiver must wait until the Court adjudicates the SEC’s claims against the Income Store before recommending to the Court a course of action regarding claims and distribution. Thereafter, the Receiver will work swiftly to propose and implement the claims and distribution process that is approved by the Court.

8. What needs to be done on my part?
To ensure you continue to receive the Receiver’s updates, please send the following contact information to incomestore@dvllp.com: (1) telephone number, (2) email address, and (3) mailing address .

9. Should I get my own attorney?
The Receiver cannot provide legal advice to investors (“partners”) or other interested parties.

10. Can I see the Income Store’s financial documents?
Pursuant to the Court’s December 30, 2019 Order, the Receiver shall provide a full report and accounting of the business and its assets no later than January 30, 2020.

11. I need tax documents regarding my investment account. Where can I find these?
The Receiver cannot generate or provide tax forms and cannot provide tax advice. Please consult with your accountant or lawyer for tax-related questions.

 

 

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