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.

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

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).

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

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.

If your petition is approved, it must be reviewed by the Treasury Offset Program to verify that you do not owe any money to the federal government or certain state debts. If you owe money, your payment will be used to pay your debt. If your payment is more than the amount you owe, you will get the remainder.

If your petition was partially granted, the most common reason for this is that amounts claimed were only granted if acceptable supporting documentation was provided.

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

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.