UniDyn Remission Fund Website
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UniDyn Remission Fund

Welcome to the website for the administration of the UniDyn Remission Fund. This website has been established to provide general information related to the Remission Fund, the associated federal court cases and the related administration.

Background


In March 2009 Ira W. Gentry and Randy W. Jenkins (“Defendants”) were convicted in federal court of securities fraud and related offenses in connection with their illegal manipulation of shares of UniDyn Corporation, a Nevada corporation. On June 19, 2009, District Judge Susan R. Bolton ordered Defendants to pay restitution to the victims of the fraud.

The United States Attorney for the District of Arizona and the United States Internal Revenue Service have obtained forfeiture of approximately $4,100,000 from Defendants. These funds will be distributed to eligible victims through a process called “remission.” A Remission Fund has been established for the benefit of the victims. The United States Department of Justice has retained Gilardi & Co., LLC, to assist in reviewing remission claims and administering the Remission Fund.

If you incurred a pecuniary loss as a result of illegal manipulation of UniDyn common stock between December 1, 1997, and May 23, 2002, inclusive, you may be eligible to participate in the remission. To be considered for remission, you must complete a Petition for Remission Form (“Petition”) along with copies of all supporting documentation and return it to the Remission Administrator. A Petition can be obtain by visiting the Case Documents tab and clicking “Petition for Remission”.

UPDATE:

Remission checks were mailed to approved victims beginning on February 22, 2013. Checks must be cashed within 90 days of issuance. If you have any questions regarding payments, please contact the Remission Administrator at 888-293-8840.