The United States Attorney’s Office for Colorado forfeited approximately $6 million related to the FusionPharm securities and wire fraud perpetrated by defendants William Sears and Scott Dittman. (U.S. v. William J Sears et al. Criminal Case. Case No. 1:16-cr-00301-WJM (District of Colorado)). These proceeds will be distributed to eligible victims through a process called “remission.”

Authority to grant remission rests with the Department of Justice, Money Laundering and Asset Recovery Section (MLARS) pursuant to the Code of Federal Regulations, Chapter 28, Part 9 (2019).

On August 18, 2023 remission checks were mailed to individuals or businesses who incurred a financial loss because of investment in FusionPharm shares between 2011 and 2014 and submitted a valid, timely petition form.