• Home
  • Articles
  • Receiver for Le Club Prive fraud recovers 100 cents in the dollar for victims

Receiver for Le Club Prive fraud recovers 100 cents in the dollar for victims

More than 1,600 victims of an investment scam known as Le Club Prive have received their entire principal back due to a four-year asset recovery effort by the scheme's Receiver, Joseph J. Wielebinski. In his final report to the U. S. District Court for the Northern District of Texas on September 28, 2007 - 85 months after his appointment, Wielebinski stated that approximately $15 million had been distributed to 1,616 victims.