The Receiver is monitoring all of the phone calls and emails received from investors and others and is keeping detailed records of investor contact information, amount invested, and other pertinent issues. Further, the appointed Receivers in the United States and St. Vincent are working diligently to identify and seize assets in an effort to maximize the value of the Receivership Estate out of which investors’ claims will be satisfied. The Receivers have closed all of the Defendants’ offices and are working with the Securities and Exchange Commission to review documents and other records pertinent to investor issues, the claims asserted in the SEC’s Complaint, and more. Additionally, the Receivers are working with international and domestic financial and criminal authorities as investigations into William Wise and all other Defendants continue.

Please continue to contact the Receiver via email at A detailed status report will be made available via this Web site in the near future. In the interim, please note that the United States District Court for the Northern District of Texas entered injunctions against the Defendants and Relief Defendants, copies of which are available on this Web site.

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September 17, 2018

June 4, 2015

February 11, 2014

December 3, 2012

May 10, 2012

June 29, 2011

December 10, 2010

April 5, 2010

December 3, 2009

September 22, 2009

July 9, 2009

  • On July 9, 2009, the Court held an evidentiary hearing on the Receiver’s July 1, 2009 motion to sell the Wise residence in Raleigh, North Carolina (the motion is available on the Case Documents page). After receiving evidence and witness testimony from the Receiver, SEC, and counsel for Relief Defendant Lynn Wise, the Court granted the motion. Specifically, the Court granted all relief requested by the Receiver and ordered that (1) the house be sold pursuant to the current offer; (2) that the proceeds of the sale be deposited into the Receivership Estate for the benefit of victims and creditors; (3) that Mrs. Wise not receive any portion of the sale proceeds; and (4) Mrs. Wise must cooperate with the Receiver and the SEC in relinquishing the house and all issues relating to a sale and transfer of the property.

July 1, 2009

June 26, 2009

June 22, 2009

  • On June 22, 2009, the Northern District of Texas granted the motions filed by the Receiver on May 22, 2009. Copies of all such orders are available on the Case Documents page. Please continue to monitor this Web site and broadcast emails from the Receiver and his counsel for more details about these orders, their effect, and upcoming actions to be undertaken by the Receiver.

June 8, 2009

June 2, 2009

May 1, 2009

April 27, 2009

Procedures for notifying the Receiver of your claim and a form for doing so are available on the Claims page of this Web site.

April 3, 2009