The United States Attorney for the Central District of California and the Federal Bureau of Investigation recently recovered approximately $1.8 million of the proceeds of the Kum Ventures fraud scheme (also known as Kum Holdings). These proceeds will be distributed to eligible victims of the scheme through a process called “remission.” Authority to grant remission rests with the U.S. Department of Justice, which has retained BMC Group/Analytics, Inc. to administer the remission process. If you are a victim of Kum Ventures and wish to be considered for remission, you must complete a Petition Form and return it, including copies of all required supporting documentation, to the Remission Administrator. Detailed instructions for completing the Petition Form and other important information are provided in this website.
