All claims are currently under review by the Receiver’s team. If you do not receive email correspondence, it means your claim has been approved and no further action is required. Should the Receiver’s team have any questions regarding your submission, they will contact you directly.
We unfortunately cannot provide any tax or legal advice. This can best be answered by your CPA or tax preparer. You may present your CPA or tax preparer with a copy of the Court Order appointing the Receiver as this is a public document.
The lawsuit brought by the Securities and Exchange Commission is a civil lawsuit and not criminal. However, a criminal action was already brought against Zachary Horwitz, the sole member of 1inMM, with Mr. Horwitz pleading guilty in October 2021 to one count of securities fraud. The Receiver does not prosecute criminal actions and, if additional ones do exist, the Receiver does not provide further information on criminal actions. The Receiver is focused on maximizing the recovery for investors and creditors.
We cannot provide legal advice. However, the lawsuit brought by the Securities and Exchange Commission has stayed all actions against 1inMM and its affiliates meaning the companies cannot be sued at this time.
A deadline has not yet been set by the Court to file a claim. It is highly recommended that if you have a claim, you sign up to receive notifications on this website for when a claims process is initiated.
*Update (September 2025):
As noted above, if the Receiver believed you were entitled to file a claim, you would have received a Claims Notice Package in early April 2025. The Claims Bar Date (i.e., the deadline to file a claim) passed on July 8, 2025, meaning the time to file a claim has already expired. If you filed your claim on or before July 8, 2025 there is nothing more for you to do at this time.
If you received interest distributions prior to the Receiver’s appointment, these will not continue. At this time the Receiver is unable to make any distributions to investors until more information is known about the total amount of money that will be recovered.
A permanent Receiver was appointed at the request of the SEC on January 11, 2022. Michele Vives was appointed as the permanent Receiver on January 14, 2022.
There is no specific timeline by the Court. Each case will take its own course depending upon the complexity and severity of the case. The Receiver intends to move in a expeditious and timely manner but will be diligent with respect to the importance of the case. The receiver requests investors to be patient as the matter progresses under the oversight of the Central District Court’s supervision.
The Receiver is an officer appointed by the court, and therefore works for the appointing Judge. The court will give specific direction to what is necessary to control and stabilize the assets to either liquidate or distribute the proceeds in an appropriate and professional manner.
The Receiver will file quarterly reports with the court, we will be uploading these to the site as soon as they are filed to the court. The website will also be updated when new and substantive information is available to report. The best way to stay up to date is by subscribing to our email list for us to send notifications directly to you.
If you have important information as to potential recoverable assets, questions or concerns, you should write the Receiver at the following address: 1620 Fifth Ave. Suite 400, San Diego, CA 92101 or send an email to1inMM@douglaswilson.com.
Please refrain from calling and emailing the Receiver directly. All correspondence should be via email or mail.
The website will be the primary source for case information and will be updated to reflect significant receivership events.
*Update (September 2025):
Pursuant to an order entered by the Court on January 9, 2015, the claims process began on April 4, 2025 and ended on July 8, 2025. If you have submitted your claim documentation, there is nothing more to do at this time. If, however, you failed to submit a claim by the Claims Bar Date of July 8, 2025, the Receiver will seek to have your claim disallowed. If this happens, you will receive notice from the Court and the Receiver regarding the potential disallowance of your claim and you will be given an opportunity for the Court to hear any arguments you may have to present.
*Update (September 2025):
At this time, the Receiver is actively working to finalize several settlements. The amount that investors may ultimately receive remains uncertain until those negotiations are completed. Once the settlements are finalized, the Receiver will be in a better position to provide an estimate of the potential percentage of return.
At this time, the Receiver does not have an estimate as to when, or if there will be funds available to make distributions to investors in the future. Such distributions will vary upon certain factors including the amount of money recovered by the Receiver from currently known assets and the identification of any other significant assets that may be available to compensate investors.
A Receiver is an individual who is appointed by a State or Federal Court and is generally directed to marshal, preserve and protect assets that are the source of contention. A Receiver is a neutral third party that works directly for the appointing Judge. In this case, Michele Vives has been appointed Receiver by United States District Court, Central District of California. Pursuant to the Order of Appointment, Ms. Vives has been given the authority to take control of assets related to the defendant entities including 1inMM Capital, LLC (“1inMM”) and Zachary Horwitz.