SAEG Ponzi Receivership & CFTC’s case closed
Following an interim $1.1 million distribution payment and pending $200,000 final distribution payment, the SAEG Receiver has filed a motion requesting the Receivership be closed.
Of the $1.1 million distributed to SAEG Ponzi victims;
As of May 29, 2025, there are 12 outstanding distribution checks totaling $18,161.04 that have not been deposited.
The Receiver attempted to contact the recipients of these checks to urge them to deposit the checks, and the checks remain outstanding.
For any of the outstanding checks that have not been deposited by June 30, 2025, the Receiver requests the Court to declare these claims, and the monies payable to these Claimants forfeited to the receivership estate.
The pending $200,000 final distribution payment will be primarily funded by the sale of defendant Marcus Todd Brisco’s house in Maui.
The Final Distribution represents an additional 0.63 % payment of the Total Approved Claims, which means that between the Interim Distribution and the Final Distribution, the total distributions to approved claimants will be 4.03% of the Total Approved Claims.
Between January 2025 and the end of May the SAEG Receivership generated $41,839.75 in fees and expenses. Additionally, the Receiver has proposed $27,000 in pending settlement payments from
Pending settlement payments from Austin Doliboa, totaling $25,200, have been recommended to be set aside to cover Receivership expenses post May 30th.
The court approved the Receiver’s request to close the SAEG Receivership on June 3rd.
The Receiver is authorized to close the receivership bank account after making the final distribution and paying all approved fees and expenses.
SAEG was part of a sprawling Ponzi scheme that had connections to OmegaPro and The Traders Domain.
The CFTC filed suit against SAEG in February 2023, alleging $145 million in fraud. Neither OmegaPro or The Traders Domain are explicitly part of the CFTC’s SAEG case.
Multiple defendants in the CFTC’s SAEG case have ties to The Traders Domain and OmegaPro.
The closure of the SAEG Receivership brings the CFTC’s case and BehindMLM’s coverage of it to a close.