Two more liens have been filed against invoices now totaling $US 154,192,595,337 representing over 300 investors.
(OPENPRESS) Two more liens have been filed against invoices now totaling $US 154,192,595,337 representing over 300 investors. UCC Financing Statement #954192400024 and 954197900024 were filed with the Minnesota Secretary of State in the United States. These are additional liens filed by affected individual investors. In accordance with the previous filings, these liens apply to all real and tangible assets owned by the Federal Republic of Germany, and the State of Hessen, Federal Republic of Germany and controlled by select collateral holders in the United States.
This filing stems from a settlement agreement approved in 2007 by Dr. Jurgen-Peter Graf, German Federal Court, Criminal Panel 1. Between 2008 and 2011, under the supervision of the Frankfurt-am-Main Court of Appeals select investors were paid. All payments ceased in 2011 leaving approximately 35,000 investor accounts of equal class unpaid.
In 2012, an "Agreement to Facilitate Payments" was signed by Dr. Wolfgang Schauble, Finance Minister, Federal Republic of Germany and Lord Fraser A. Milverton, Frankfurt-am-Main Court of Appeals newly appointed Investor Representative and Administrator. Payments continued to go unpaid, funds continued to be withheld.
Dozens of further attempts have been made to resolve this matter including filing an action in The Hague. Default award pending.
These liens will be released when payments are completed to all remaining investors.
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