Between March 2011 and May 2014, defendants William Sears (“Sears”) and Scott Dittman (“Dittman”) conspired to commit securities fraud and wire fraud through FusionPharm, Inc. (“FusionPharm”).  Specifically, Sears and Dittman reported to the public that certain sales transactions and revenues for FusionPharm had occurred when, in fact, they had not.

This was an investment fraud scheme and most investors didn’t receive any earnings from the scheme and lost their investment.

Forfeiture occurs when a court of law declares the proceeds of a crime to be the property of the government.

Remission is the process by which forfeited assets are returned to the victims of the crime underlying the forfeiture.  Authority to grant remission rests with the United States Attorney General, as delegated to the Money Laundering and Asset Recovery Section of the U.S. Department of Justice.  The remission process is set forth in the Code of Federal Regulations, Chapter 28, Part 9 (2019).

The amount of each victim’s recovery was equal to the approved petition amount, which is the petitioner’s eligible loss.

Please mail the original check to the Remission Administrator at the address at the top left of your check, along with a letter containing your name, and new address and ask to have your check reissued.

If your petition was partially granted, some of the most common reasons for this are:

Fees and commission were deducted from investment amounts and the net amount was granted.

Amounts claimed were only granted if acceptable supporting documentation was provided.

Information about the reconsideration process and deadline can be found in your Notice of Remission Partial Grant.

More information is available on the Important Case Documents page.

You can also send an email to info@FusionPharmRemission.com.