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

If you do not find an answer to your question here, please contact us directly.

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).

Who is eligible to receive remission?

Individuals or companies who incurred a financial loss because of investment with Profitable Sunrise and who submit a timely and valid petition form, may be eligible for remission.

What do I need to do to receive remission?

To be considered for remission, you must submit a Petition Form to the Remission Administrator. If you received a Petition Form in the mail, you can submit a Petition Form online using the claim number and PIN printed on your form, or you can mail your Petition Form to the Remission Administrator.

If you did not receive a Petition Form in the mail, you can still file a Petition form online using your email address or you can download a form. You may also request a petition form be mailed to you by speaking to a customer service agent after listening to the frequently asked questions.

You must complete all information requested on the form, sign it under the penalty of perjury, and if you do not agree with the net loss amount pre-printed on your petition form, include sufficient documentary evidence of your investment.

Why am I required to provide my Social Security Number?

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. More information is available here.

Can I file a petition on behalf of an estate?

Yes. If the person who transferred money is deceased, please submit the petition in the name of the deceased, and include verification of the death and documents showing that you represent the estate.

What type of supporting documents must I provide to be eligible for remission?

If you agree with the net loss amount pre-printed on your Petition form, you do not need to provide supporting documentation.

However, if you do not agree with the pre-printed net loss amount on your Petition form, you must provide documents showing the amount you invested in Profitable Sunrise and any amounts returned to you.

Acceptable supporting documents indicating a payment to Profitable Sunrise include, international-wire transfer records, bank statements, or similar official transaction records such as from third party currency exchange entities such as Liberty Reserve or Solid Trust. Bank statements must show the account holder’s name; bank information; and transaction dates, descriptions, and amounts.

What is the deadline for submitting my Petition Form?

The deadline for submitting your Petition form electronically is January 22, 2021. If you mail your Petition form to the Remission Administrator, it must be postmarked no later than January 22, 2021.

How much will I receive if my remission request is approved?

The amount of each victim’s recovery will not be known until the petition review process is completed.

Do I have to send any money?

No, do not send any money to the Remission Administrator or to any persons claiming to represent the United States Government.  All expenses associated with the remission process are paid through the United States Government.

Please note Analytics is the only authorized Remission Administrator for this case.

Although you may, you do not need to hire your own attorney to participate in the Remission process. Hiring an attorney to represent you will not result in receiving money sooner than if you did not hire an attorney and you will have to pay reasonable attorney fees to the attorney representing you in this remission process.

When will remissions be paid?

We do not know when remissions will be paid.  The Remission process will likely take a considerable amount of time.  The Remission Administrator will update this website once definite timelines are established.

Do I give up any legal rights by submitting a Petition Form?

No. Persons who submit a Petition Form do not lose any legal rights or claims they may have against Profitable Sunrise.

What happens if I do nothing?

If you do not submit a Petition Form, you will not receive any distribution from the forfeited funds, even if you would be eligible for remission.

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.