Digital Altitude victims “should not expect any significant recoveries”
With the evident strength of the FTC’s case against Digital Altitude and granting of a preliminary injunction, it’s easy to assume defrauded consumers will receive redress.
In a March 12th message on the Digital Altitude Receivership website however, the Receiver reminds that that’s not necessarily the case.
Since the FTC shutdown Digital Altitude last month, the Receiver claims ‘several hundred customers have requested refunds of the Receiver by email‘.
Acknowledging seized funds are “scarce” ($2 million weighed against the $50 million Digital Altitude is alleged to have defrauded consumers out of), the Receiver states he will not be individually replying to each request.
Instead those who lost money in Digital Altitude are advised ‘the Receiver will not be honoring any refund requests at this time.‘
Digital Altitude victim claims might be addressed “at some point in the future”, pending the outcome of the FTC’s case
and depending on the success of the Receiver in recovering funds for the benefit of allegedly aggrieved consumers.
The Receiver goes on to advise that, given his current assessment, Digital Altitude victims, some of whom have lost tens of thousands of dollars, “should not expect any significant recoveries.”
That being said, the Receiver is continuing to work diligently to identify and marshal assets and identify potential sources of recovery.
The Receiver’s efforts will be posted on this website.
How much the Receiver is able to recover from Digital Altitude and its top earners remains to be seen.
Stay tuned…
This is so sad, I lost so much money I joined on December 2016 and $45 thousand later I still owe almost the same amount due to the high interest on the credit cards.
All I was able to make was $1500 and they kept every single penny of it.
It is a shame someone like this makes the industry look very bad.
There are many good companies out there and they will suffer someone from the negative of these two.
It is sad how people are eager to get some kind of benefits by joining such programs but to find out that a few greedy individuals scammed them from their hard earned money.
My advise do your due diligence, invest only what you can afford to lose comfortably and never put your eggs in one basket.
When do we get our refunds?
While off. Receiver has to marshal assets, work out who lost what and then set up a claims portal.
How do we get a hold of the receiver?
Digital Altitude Receivership website.
I would like any updates as I am seeking my refund.
There isn’t going to be a refund. You’ll be able to put in a claim eventually but that’s a ways off yet.
Just like Maria , I was scammed out of so much money… now dearly paying the price with high interest on the credit cards.
The advice was terrible, and I should have known better…crossing fingers for some sort of refund in the end.
This is sickening to know how people just run businesses like this through fear and intimidation.
I hope that everyone gets paid what they’re owed because it would only be the fair thing to do. I am so disgusted that it went on for so long.
How are these scammers not in jail or are they? If not everything they have should be taken from them sold.
I wonder what kind of marine he was. More then likely the kind that stay behind the lines, or stay in the states
A lot of the top people that were in with them are still living the millionaire lifestyle off this scam. I hope to get a refund also and everyone that was taken also.
It always amazes me all of you refuse to take any responsibility for your own decisions. Did someone hold a gun to your head and make you spend money you didn’t have. Or is it you didn’t do what was required to make you successful.
This was a legitimate business. FTC is the scam, they stole your money and any opportunity you could of had. You are the fools believing in any government entity that funds themselves by closing down any entrepreneurs to steal their hard earned money.
Stop lying to yourself and take responsibility for your own actions and lack of discipline.
And ‘NO’ I am not a part of DA, but I have studied his model and there is nothing wrong with it! FTC has just found another way to keep us/you from being independent and keeping us/you suppressed.
Wakeup People, open your mind!! Also DA is not a mlm and never has been.
I know right. Scammers launch scams, steal a bunch of money from consumers and then get upset when regulators like the FTC hold them accountable.
Worse still, we then have fuckwits who actually defend said scammers. I mean, does anyone take responsibility for their decisions any more?
Not according to the FTC Act, which has been upheld at least thee times in a US court of law (TRO, preliminary injunction and Michael Force’s $54 mill judgment).
Perhaps studying isn’t for you then. Or you’re full of shit. I’m good with either.
I got over 10,000 in this business I want full refund and I’ve been trying to get it every sense I realize there was no money making in the business.
When you hand over money to a scam it’s stolen. It’s not sitting there waiting to be returned as a refund.
Sorry for your loss.