I believe these to be the properties seized and now for sale from the US Dept of the Treasury
http://www.treasury.gov/auctions/treasury/rp/ohiostreet.shtml
http://www.treasury.gov/auctions/treasury/rp/cochraneave.shtml
http://www.treasury.gov/auctions/treasury/rp/12087thave.shtml
http://www.treasury.gov/auctions/treasury/rp/206main.shtml
http://www.treasury.gov/auctions/treasury/rp/212main.shtml
http://www.treasury.gov/auctions/treasury/rp/dawsstreet.shtml
9/24/12
8/19/12
Appeal and liquidation
This is an update on the Global One case. The properties are still in the process of being liquidated. Unfortunately, since Rick Young filed an appeal, proceeds are not able to be released until the appeal is finalized. The appeals process is sometimes lengthy. Currently, the briefs are due to be filed by November 21, 2012. Once the last brief is filed, it normally takes about six months to get the decision from the appellate court.
4/9/12
Forfeiture process
April 09, 2012
RE: Case Number 2007R00885 and Court Docket Number 08-CR-00120
The United States Department of Justice believes it is important to keep victims of federal crime informed of court proceedings. This notice provides information about the above-referenced criminal case.
Just an update on the forfeiture process. The forfeiture attorney is waiting for the liquidation of the real estate assets in Montana, the properties should be listed for sale within the next 3 months.He is not able to speculate on how quickly they might sell. Most of the other assets have been liquidated (trucks, business assets, etc.). Once the properties are sold, the forfeiture attorney will start the restitution process. This is a long process, so please be patient with us. This is all the information that I have at this time, I will keep you updated as I get new information.
RE: Case Number 2007R00885 and Court Docket Number 08-CR-00120
The United States Department of Justice believes it is important to keep victims of federal crime informed of court proceedings. This notice provides information about the above-referenced criminal case.
Just an update on the forfeiture process. The forfeiture attorney is waiting for the liquidation of the real estate assets in Montana, the properties should be listed for sale within the next 3 months.He is not able to speculate on how quickly they might sell. Most of the other assets have been liquidated (trucks, business assets, etc.). Once the properties are sold, the forfeiture attorney will start the restitution process. This is a long process, so please be patient with us. This is all the information that I have at this time, I will keep you updated as I get new information.
2/7/12
Rick Young not eligible for parole
February 07, 2012
RICK YOUNG is currently incarcerated at FCI Florence and
is scheduled for release on January 7, 2033.
The inmate is not eligible for parole.
12/19/11
An appeal has been filed
An appeal has been filed in the case which
involves defendant(s) Ricky Young. The process may take some time before a
final decision is reached. An appeal is a legal proceeding by which a case is
brought before a higher court for review of the decision made by the lower
court.
12/14/11
JUSTICE!!
Mont. man gets 25 years prison for investment scam
By AP | December 14, 2011
RENO, Nev. (AP)
A Montana man convicted of running an investment scam on the Internet was sentenced Tuesday to 25 years in federal prison and ordered to pay $13.2 million in restitution to more than 1,400 investors. U.S. District Judge Larry Hicks in Reno told Rick Young, 52, of Lewistown, that the fraud carried out by his Nevada-based Global One Group from 2006 to 2007 was "incredibly repulsive."
Many of the victims, the judge said, were vulnerable, "middle-class working people taking money out of accounts, trading out of their 401(k) plans, their pension plans, even off of their credit cards." "Frankly, it was nothing more than a type of Ponzi scheme, but it was incredibly sophisticated," he said. Among other things, prosecutors said Young and his partner used the money for their own gain in 2006 and 2007 partly by falsely marketing the Global One as a licensed securities broker.
A federal jury in March convicted Young of one count of conspiracy to commit mail and wire fraud, two counts of wire fraud, three counts of money laundering and one count of securities fraud.
Read more: http://www.businessweek.com/ap/financialnews/D9RJVUUG0.htm
A Montana man convicted of running an investment scam on the Internet was sentenced Tuesday to 25 years in federal prison and ordered to pay $13.2 million in restitution to more than 1,400 investors. U.S. District Judge Larry Hicks in Reno told Rick Young, 52, of Lewistown, that the fraud carried out by his Nevada-based Global One Group from 2006 to 2007 was "incredibly repulsive."
Many of the victims, the judge said, were vulnerable, "middle-class working people taking money out of accounts, trading out of their 401(k) plans, their pension plans, even off of their credit cards." "Frankly, it was nothing more than a type of Ponzi scheme, but it was incredibly sophisticated," he said. Among other things, prosecutors said Young and his partner used the money for their own gain in 2006 and 2007 partly by falsely marketing the Global One as a licensed securities broker.
A federal jury in March convicted Young of one count of conspiracy to commit mail and wire fraud, two counts of wire fraud, three counts of money laundering and one count of securities fraud.
Read more: http://www.businessweek.com/ap/financialnews/D9RJVUUG0.htm
12/5/11
Postponed again
The sentencing hearing for defendant(s), William Willard, has been set for December 13, 2011, 01:30 PM at Reno Courtroom 5, Bruce R. Thompson Federal Building & U.S. Courthouse, 400 S. Virginia St., Reno, NV 89501 before Judge Larry Hicks.
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