12 DailyPro – More Than Half a Million Gone For Receivership

An email update from the firm on the cost of 12 DailyPro placing under receivership.

NOTICE OF HEARING ON THIRD INTERIM FEE APPLICATIONS
OF RECEIVER AND HIS PROFESSIONALS

PLEASE TAKE NOTICE that on March 3, 2008, at 10:00 a.m., before the Honorable Stephen G. Larson, in Courtroom No. 1 of the United States District Court for the Central District of California, Eastern Division, located at 3470 Twelfth Street, Riverside, California 92501, Thomas F. Lennon (“Receiver”) will move the Court for an Order approving the third interim fee applications of the Receiver and his professionals, Allen Matkins Leck Gamble Mallory & Natsis LLP (“Allen Matkins”), counsel to the Receiver; and Investigative Technologies LLC (“IT”), information and technology consultant to the Receiver. Detailed fee applications are on file with the Court. If you were served only with a copy of this Notice of Hearing, you may obtain copies of the applications and supporting papers from the Clerk of the Court, or by requesting them in writing from counsel for the Receiver, or by accessing the Receiver’s website at www.tlennonfor12dailypro.com. The Receiver and his professionals request approval of the following fees and expenses:

The Receiver and his professionals are requesting that an interim payment of 80% of the requested fees and 100% of the requested expenses be authorized on the current applications. The fees and expenses are requested pursuant to the order appointing the Receiver, which provides that the Receiver may employ professionals and that the Receiver’s expenses and those of his professionals are to be paid from the assets of the defendants upon application to the Court. The fees and expenses of the Receiver and his professionals are requested only on an interim basis; the final determination of the ultimate allowable amount of fees and expenses to be paid to the Receiver and his professionals will take place at a final fee application hearing at the end of the case.

Procedural Requirements. If you oppose the application, you should consult, among other authorities, the Local District Court Rules for the applicable procedural requirements. Your opposition papers must be filed with the Clerk of the United States District Court for the Central District of California, Eastern Division, 3470 Twelfth Street, Riverside, California 92501, and served on the undersigned not later than fourteen (14) days before the hearing.

Dated: January 25, 2008

Debra A. Riley, Esq.
Allen Matkins Leck Gamble Mallory & Natsis LLP
501 West Broadway, 15th Floor
San Diego, California 92101-3541
Attorneys for Receiver Thomas F. Lennon

Err.. $733,510? Robbing the victims blind right before their eyes before they even get anything back!

So before you get anything back from any scams or any programs put under receivership, the main pie would be gone, leaving the bits and crumbs to many victims. The same for EmoCorp, I don’t see any difference here either.