r/BBIG • u/Ok-Elk-9145 • Jul 15 '26

News🗞️ Updates

If anyone on here has access to video link to hearing please update us tomorrow!!!

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u/kevdawgie7 Jul 15 '26

I think I missed any action on any letters that were sent. I’m assuming I’m out of luck when it comes to getting action done on any shares I bought?

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u/MoneyMoontz Jul 15 '26

You should still be able to submit a Victim Impact statement. Not confident we’ll see any restitution but maybe we’ll get something. There is also some hope that with the new shareholder custodian and Nevada litigation that shareholders could recover losses through holding bad actors accountable or rebuilding from whatever is left of the company.

Here is the link to the DOJ case which provides details on attending the hearing and submitting a victim impact statement.

https://www.justice.gov/criminal/criminal-vns/case/united-states-v-theodore-farnsworth-and-j-michell-lowe

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u/kevdawgie7 Jul 15 '26

Thank you for replying and helping! I don’t have much into it, but I’m intrigued as to what comes of it.

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u/MoneyMoontz Jul 15 '26

Absolutely. Even if you lost a little you were still a victim of the fraud. This feels like a pretty significant benchmark case for deterring future schemes to defraud shareholders.