Re: Securities and Exchange Commission v. Charis Johnson, LifeClicks, LLC, and 12Daily Pro; USDC, Central Dist. of CA, Case No. CV 06-01018-NM(PLAx)
As communicated previously to the Court and the investors of 12daily Pro ("12DP"), the Receiver's goal is an equitable distribution of receivership estate funds. In order to achieve this goal, the Receiver must gather information from investors in a two-step process. The first step involves the setting up of an interactive web portal to gather information from investors. This letter is being sent to you to provide information and instructions for logging in to the web portal and providing your contact information and 12DP account(s) information.
The web portal is located at http://www.tlennonfor12dailypro.com/accounts. Please log in and you will be asked to set up a username and password. The username will be your current email address. You should use the email address at which the Receiver can contact you. Once you have set up a username and password, an email will be sent to you with an activation code. You must retrieve this activation code in order to proceed. Once you have entered the activation code, you will be asked to provide your
(a) Name,
(b) Current address, and
© Account numbers for any and all accounts at 12DP (including accounts at StormPay, Inc., e-gold, Ltd. or EMO Corporation).
Please click on the appropriate tabs for 12DP, StormPay, EMO and EGold to enter your account numbers. If you had more than one account at any of these entities, you will have the opportunity to enter additional accounts by clicking on the "Add" box. All information provided by investors through the web portal will be kept secure and will be used only by the Receiver.
If you have any problems logging into the investor web portal or entering your contact and account information, please visit the Receiver's website at www.tlennonfor12dailypro.com and click on the Frequently Asked Questions (FAQs) Re Web Portal and Claims. If your question is not addressed in the FAQs, please email the Receiver at tfl@tlennonfor12dailypro.com or call the dedicated investor telephone line at (619) 464-6691.
Once investors have logged in and provided their contact and 12DP account information, it is the Receiver's intention to obtain permission from the Court to use the web portal to establish investor claim amounts and resolve any disputes with respect thereto. It is anticipated that claims will be calculated using a simple money-in, money-out formula (or "MIMO" formula). After investors have logged in, the Receiver will make each investor's transactions with 12DP and MIMO claim amount available to them. Further instructions will be provided for the submission of documentation if investors disagree with their MIMO claim amount.
Once all disputes regarding investor claim amounts have been resolved, the Receiver will provide the Court with a schedule of allowed claims and request permission to distribute receivership estate funds on a pro rata basis.
Please check the website for updates and further information including answers to Frequently Asked Questions Re Web Portal and Claims.
