Yas Casetellum’s Tin Quoc Tran is on the run after studying of a pending CFTC motion towards him.
However, the regulator believes Tran is conscious of the lawsuit and has requested permission to proceed anyway.
Information of Tran fleeing first surfaced in an April 4th Standing Report, filed by the Yas Castellum Receiver.
On the morning of Tuesday, February 7, 2023, the Receiver and his crew joined representatives from the CFTC, a course of server, and regulation enforcement to take possession and management of the belongings of Defendant Tin Quoc Tran, who was believed to be dwelling at [removed] (the “Katy Home”).
Sadly, the Katy Home was vacant and listed on the market with a dealer.
In accordance with the neighbors, the Katy Home was vacated by Defendant Tran the week earlier than the SRO was entered.
The Receiver had quite a few discussions with the dealer who listed the Katy Home on the market in an try and find Defendant Tran, however Defendant Tran’s whereabout stay unknown.
The Receiver has since seized Tran’s “Katy Home”, stopping it from being bought. The CFTC has additionally “frozen a number of financial institution accounts owned or managed by Tran or his companies.”
The CFTC particulars its personal efforts to serve Tran in an April 14th submitting.
The CFTC and the Momentary Receiver realized that the true property agent who listed the property on the market, Thuylinh Nguyen, is a enterprise affiliate of Tran.
The CFTC alleges Nguyen acquired over $275,000 from Tran over 2021 and 2022, tied to Tran’s Yas Castellum Ponzi schemes.
Tran transferred the Katy, TX property to an organization owned by Ms. Nguyen in or round late January 2023.
For reference, the CFTC filed its Yas Castellum enforcement motion on January thirty first.
The Momentary Receiver requested Ms. Nguyen about Tran’s whereabouts and informed her to have Tran contact the CFTC about this lawsuit, however Ms. Nguyen didn’t specify Tran’s whereabouts.
Past Thuylinh Nguyen, the CFTC has additionally tried to contact Tran instantly.
On February 7, 2023, the CFTC tried to contact Tran on his final identified cellphone quantity.
The CFTC left Tran a voicemail message notifying him {that a} lawsuit had been filed towards him on this Courtroom and asking
him, or his legal professional, to return the decision.Tran has not returned the CFTC’s name.
On February 7, 2023, the CFTC obtained the cellphone variety of Tran’s spouse/accomplice, Minh Dang, from one among Tran’s neighbors.
The CFTC contacted Ms. Dang by cellphone and left a message requesting that Tran contact the CFTC about this lawsuit.
Tran has not responded to that message.
In February and March 2023, the CFTC refreshed its investigative stories obtained from publicly obtainable and paid web sites and communicated with banking establishments in an try and receive Tran’s present whereabouts.
These efforts led the CFTC to an deal with in Biloxi, Mississippi.
Throughout the week of March 15, 2023, the CFTC despatched a replica of the Grievance and Summons by registered mail to Tran at [removed] Biloxi, MS, an deal with utilized by Tran from 2020-23 as documented in investigative stories obtainable to the CFTC.
On March 21, 2023, a person named Dontuan Q. Tran acquired and signed for supply of the Grievance and Summons.
In accordance with investigative stories, Dontuan Q. Tran and Tin Quoc Tran shared the Biloxi, MS deal with at numerous instances.
The CFTC alleges Dontuan Tran acquired $41,000 from Tran’s Ponzi scheme between Might and August 2022.
The CFTC places forth to the court docket that at this level Tran is probably going conscious of the lawsuit filed towards him. Additional supporting that is correspondence from Francisco Story’s legal professional.
On February 22, 2023, counsel for Defendant Francisco Story knowledgeable the CFTC that Story’s counsel acquired a name from a lawyer representing Tran who needed to talk to Story’s counsel about this lawsuit.
The CFTC requested that Story’s counsel share Tran’s counsel’s data with the CFTC, or have Tran’s counsel contact the CFTC instantly.
Story’s counsel agreed to ask Tran’s counsel for permission to share counsel’s contact data with the CFTC.
Nevertheless, the CFTC didn’t hear something farther from Story’s counsel or Tran’s counsel.
On February 24, 2023, the CFTC renewed its request to Story’s counsel to share Tran’s counsel’s contact data.
Once more, the CFTC didn’t hear something from Story’s counsel.
Up to now, Tran’s counsel has not contacted the CFTC about this lawsuit.
If the court docket isn’t happy Tran is conscious of the lawsuit, such to the extent he might be counted as a served defendant, the CFTC requests permission to serve Tran through publication.
At time of publication a call on the CFTC’s movement stays pending.
In associated Yas Castellum information, Francisco Story consented to the entry of a preliminary injunction towards him on April seventeenth.
Story’s consent follows that of Mike Sim, who consented to a preliminary injunction final month.
A preliminary injunction listening to for the remaining defendants was scheduled for April nineteenth. On April seventeenth nonetheless the court docket terminated the listening to.
Whereas Yas Castellum itself wasn’t an MLM firm, BehindMLM has taken an curiosity within the case by means of Mike Sims being a co-founder of the OmegaPro Ponzi scheme.
BehindMLM believes OmegaPro and a number of other different MLM Ponzi schemes had been tied to Yas Castellum, via Sims direct involvement and Ted Safranko’s The Merchants Area non-MLM Ponzi scheme.
Safranko is a named defendant within the CFTC’s Yas Castellum lawsuit.
OmegaPro, the opposite MLM Ponzi schemes and Merchants Area all collapsed in late 2022.
