You need to get in contact with Ajay at RareCarat. Go to rarecarat website and send them an email via their site or call them. They are helping the victims.how can I lawsuit?
I bought diamond and platinum ring
$
can I get information?
It’s a horrible situation! Did you guys get any update ?? What’s going on right now ?
[teeny violin]
I did not go but, will go in the future (if needed.) I think a few locals went. Yes, he showed. Did you get the update from the atty? He sent an email out to the victims. Another hearing this month...
We've not heard anything here about any criminal investigation since June 20 -- 5 days after @Thomas Lau sounded the alarm -- when @RSZ reported [at post #228] that the Manhattan DA's Office had assigned an agent/investigator to the matter. My sense is that the victims' attention has been focused on the civil litigation, although I fear the odds of that ending in financial satisfaction are slim to none, given the relative modest assets reported in the bankruptcy petition vs. the enumerated debts.
Good question! The corporate tax returns were not in the file I purchased, altho' I expect the independent, bankruptcy trustee will demand them, if he doesn't already have the most recent returns. But I was surprised to see that the company's gross revenues were appreciably higher in 2018 than in 2017 & were seemingly well on their way this year to topping 2018. Granted, these figures are simply gross revenues. But as of now, it's the only "snapshot" I have:
How is it possible for a company selling for cash (customers must pay in full before receiving the merchandise) to have receivables?
Hmmm.
While I’m just a victim in this, the answer to your question is likely a yes. Fudging numbers affects taxes and the gov’t is always after their tax money with dogged persistence. Lol.
Not at liberty to speak on this matter but, digging deeper may reveal more information should you want it.We've not heard anything here about any criminal investigation since June 20 -- 5 days after @Thomas Lau sounded the alarm -- when @RSZ reported [at post #228] that the Manhattan DA's Office had assigned an agent/investigator to the matter. My sense is that the victims' attention has been focused on the civil litigation, although I fear the odds of that ending in financial satisfaction are slim to none, given the relative modest assets reported in the bankruptcy petition vs. the enumerated debts.
Good question! The corporate tax returns were not in the file I purchased, altho' I expect the independent, bankruptcy trustee will demand them, if he doesn't already have the most recent returns. But I was surprised to see that the company's gross revenues were appreciably higher in 2018 than in 2017 & were seemingly well on their way this year to topping 2018. Granted, these figures are simply gross revenues. But as of now, it's the only "snapshot" I have:
I don't know what other information @RSZ might be referring to, sorry. In addition to periodically checking & paying for the online court records, I have Google Alerts set for Online Diamonds International, Enchanted Diamonds, and Joshua Niameher, but nothing newsworthy has popped up via Google in recent months.
It's not far for me, I might. How do these auctions work? I've never been to one.
Is it 25% of the predicted final price or something? Do you pay the deposit during the inspection period right before the auction? I really don't know how this works. This is more complicated than ebay lol.
To get a better handle on this, we'll have to wait for the web page to be updated with a copy of the full Terms & Conditions for this particular auction, the full roster of items to be sold with lot numbers assigned, and probably a registration form. As of now, the auction house's web page for this auction simply says that winning bidders are expected to pay at least 25% in cash or "certified funds" upon "knockdown of the bid," meaning when the auctioneer brings her/his hammer down on the podium to signify the last bid is the winning one.Is it 25% of the predicted final price or something? Do you pay the deposit during the inspection period right before the auction? I really don't know how this works. This is more complicated than ebay lol.
It's my understanding (keep in mind that bankruptcy law is not my area of professional experience) that, generally speaking, the assets of a corporation that's declared Chapter 7 bankruptcy are all considered part of the bankruptcy "estate," which will be distributed upon liquidation to those owed money in accordance with the statutory provisions, e.g., "secured creditors" have higher priority than "priority unsecured creditors," who in turn outrank general unsecured creditors.
and I'd sure like to think he's informing his clients of whatever their viable options may be.
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