The United States Attorney’s Office for the Northern District of Ohio forfeited approximately $10.8 million related to the Profitable Sunrise internet-based high yield investment fraud scheme, perpetrated by individuals using the false names of Roman Novak and Radoslav Novak and others. (U.S. v. All Funds Held in the Name of Colorshock, S.R.O., at MKB Bank ZRT, 3:15-CV-084 (N.D. Ohio)). These proceeds will be distributed to eligible victims through a process called “remission.”
Authority to grant remission rests with the Department of Justice, Money Laundering and Asset Recovery Section (MLARS) pursuant to the Code of Federal Regulations, Chapter 28, Part 9 (2019).
On August 30, 2022, remission checks were mailed to individuals or businesses who incurred a financial loss because of investment with Profitable Sunrise and submitted a valid, timely petition form.