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).

Individuals or businesses who incurred a financial loss because of investment in FusionPharm shares between 2011 and 2014 may be eligible to receive compensation for any pecuniary losses incurred.

Petition forms were mailed to FusionPharm investors on October 1, 2021. The deadline to submit a completed petition form is December 30, 2021.