Here are answers to frequently asked questions about the case. Detailed information about the case is contained in the Case Documents page.

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Frequently Asked Questions

What is this case about?

Between July 2012, and March 13, 2013, individuals using the false names of Roman Novak and Radoslav Novak and other individuals conspired to create a fraudulent Internet-based high yield investment program named Profitable Sunrise promising extremely high rates of return with little or no risk to investors’ funds.

This was a pyramid-style Ponzi scheme, and most investors didn’t receive any earnings from the scheme and lost their investment.

What is forfeiture?

Forfeiture occurs when a court of law declares the proceeds of a crime to be the property of the government.

What is remission?

Remission is the process by which forfeited assets are returned to the victims of the crime underlying the forfeiture.  Authority to grant remission rests with the United States Attorney General, as delegated to the Money Laundering and Asset Recovery Section of the U.S. Department of Justice.  The remission process is set forth in the Code of Federal Regulations, Chapter 28, Part 9 (2019).

How was my check amount calculated?

The amount of each victim’s recovery was equal to the approved petition amount, which is the petitioner’s eligible loss.

The address on my check is incorrect and I can’t cash it -- what shall I do?

Please mail the original check to the Remission Administrator at the address at the top left of your check, along with a letter containing your name, and new address and ask to have your check reissued.

Why didn’t I receive the whole amount I claimed?

If your petition was partially granted, some of the most common reasons for this are:

  • Only transfers made into the ColorShock account during the eligible period of between February 6 and 25, 2013 are currently eligible for remission.
  • Amounts claimed in addition to the amount printed on your petition form were only granted if acceptable supporting documentation was provided.
  • Returns from investments were deducted from investment amounts and the net amount was granted.

Please review the information provided on your check to find out why your petition for remission was partially granted.

How do I get more information?

If you have additional questions, you may call the Remission Administrator toll-free at 833-919-1260.

You can also send an email to info@profitablesunriseremission.com.