Frequently Asked Questions Table of Contents Who is the Receiver and what are his responsibilities? What happened to my investment in the Tri-Med companies? How much of my investment can I expect to receive back? Should I file a claim now? How do I put the Receiver on notice of my claim? What is the best way for me to find out what is happening in the Receivership? Does the Receiver represent me? Do I need my own attorney? Who pays for the Receiver (and other professionals)? What tax consequences will I have? What if I have information that may be helpful to the Receiver or the OFR?
Who is the Receiver and what are his responsibilities? The Court appointed Burton W. Wiand, Esq. as Receiver to oversee the marshalling of assets of the entities in this Receivership, and to make recommendations to the Court regarding the plan of distribution of assets to qualifying claimants. Mr. Wiand will also file periodic reports with the Court to advise of his progress, findings, and proposals. These reports will be posted to this website after they are filed with the Court. Back to Top
What happened to my investment in the Tri-Med companies? The OFR alleges in its Complaint that Tri-Med made numerous material misrepresentations and omissions to investors concerning the use of their funds. The Receiver, and the other professionals that he retains, such as attorneys, accountants, and investigators, will identify and gather the assets that belong to the entities in this Receivership and determine whether any other funds exist. The availability of funds to pay investors will depend upon the results of the liquidation of the Defendants’ and Receivership Entities’ assets and other undertakings by the Receiver and other parties in connection with the Receivership. Back to Top
How much of my investment can I expect to receive back? It is too early to tell how much money will be available for distribution to injured investors, but it appears the value of money or other assets the Receiver may recover will be less than the sum of all original investments. The Receiver will make every effort to recover and distribute as much as possible to qualifying investors. Back to Top
Should I file a claim now? Yes. On March 27, 2015, the Court granted the Receiver’s motion relating to the filing of claims. Claims must be submitted to the Receiver, Burton W. Wiand, c/o Maya M. Lockwood, Esq., Guerra King P.A., 1408 N. Westshore Blvd. Suite 1010, Tampa, Florida 33607, so they are received on or before June 30, 2015. Again, please note that claims must be submitted to the Receiver and not to the Court. Please click here for more comprehensive information about claims and the claims process. Back to Top
How do I put the Receiver on notice of my claim? On March 27, 2015, the Court granted the Receiver’s motion relating to the filing of claims. Claims must be submitted to the Receiver, Burton W. Wiand, c/o Maya M. Lockwood, Esq., Guerra King P.A., 1408 N. Westshore Blvd. Suite 1010, Tampa, Florida 33607, so they are received on or before June 30, 2015. Again, please note that claims must be submitted to the Receiver and not to the Court. Please click here for more comprehensive information about claims and the claims process. Back to Top
What is the best way for me to find out what is happening in the Receivership? The Receiver’s website, www.trimedreceivership.com, is the best way to monitor the activities of the Receivership. Additionally, completion of the “Registration” section ensures that you will receive any updates provided by the Receiver. Due to the large number of investors and other interested persons, the website will be the most efficient and cost-effective way of communicating these activities. Of course, you may also feel free to contact the Receiver or his counsel as noted below. Back to Top
Does the Receiver represent me? Do I need my own attorney? The Receiver is not your legal counsel. He has been appointed by the Court to recover assets, and to administer the process of returning those assets to injured investors and other creditors, but not to represent them. It is entirely up to each investor or other interested party to decide whether to consult an attorney on this matter. Back to Top
Who pays for the Receiver (and other professionals)? As stated in the Court’s Order appointing the Receiver, the Receiver is paid from the assets of the entities in this Receivership upon approval by the Court. The Receiver also has been granted permission to retain other professionals, such as attorneys, accountants, and investigators, to assist in the process of identifying and gathering assets that belong to the entities in this Receivership, and otherwise discharging the Receiver’s duties. These other professionals are also paid from the assets of the entities in this Receivership, upon prior approval of the Court. Back to Top
What tax consequences will I have? The Receiver cannot advise you of any tax ramifications. Please contact your tax professional with any questions. Back to Top
What if I have information that may be helpful to the Receiver or the OFR? You may contact the Receiver by completing the Registration Form on this website. You also may contact the Receiver or his counsel directly at:Burton W. Wiand, Receiverc/o Guerra King P.A.1408 N. Westshore Blvd.Suite 1010Tampa, Florida 33607Attn: Amanda Stephensastephens@guerraking.com813-347-5100 (telephone)813-347-5173 (fax) Back to Top
