Settlement Reached with Mary Dee, Awaiting for Approval

FTC's order for default judgment against Digital Altitude has been taken under consideration with no further hearing required anymore.
Settlement Reached with Mary Dee, Awaiting for Approval
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The long back lawsuit filed in April by FTC for a default judgment against Digital Altitude has been taken under submission. After a long wait, FTC and Mary Dee have reached a settlement which is still waiting for an approval. In the meanwhile, the Digital Altitude Receiver has again gone for the third Interim report.

In continuation of the lawsuit, the FTC filed an application for default judgment on 8th November. The application was filed against Digital Altitude LLC, Disc Enterprises Inc, Aspire Processing LLC, Digital Altitude Limited, Soar International LLC, Aspire Processing Limited, Rise Systems and Enterprise LLC (Utah and Nevada), and Aspire Ventures LTD.

While the hearing was scheduled on 7th January 2019 at first, seems like everyone was eager for an early decision. So, the date was shifted to 15th November. According to the order, the FTC order has been taken under submission. In short, the decision would be made without a need for any further hearing.

On 31st October, FTC had filed a joint motion request for the stay of proceeding against Mary Dee. The request was made after the signed settlement by the commissioners of FTC which is still waiting for review. The review will almost take around eight to twelve weeks.

Hence, the staying proceeding will remain valid till 21st January 2019 as the grant for the joint motion was granted on 5th November.

In between, the third interim report was filed on 25th October by the receiver of the Digital Altitude. The report included the recovery of 2 million dollars as of September 30th, 2018 while 1.8 million dollars held. The merchant account processors are cooperating except for one in Mexico. Moreover, the report stated that John Souza is refusing to pay back Paradise Media Ventures half a million in settlement overpayments.

The report did have clauses like:

“The Receiver is also investigating potential damage claims against third parties. The Receiver will not file any actions against these third parties without first seeking Court approval.”

As of now, the receivership fee is around 10% of the recovered funds.

One thing to be noted here is that the report also stated the following:

“To foster communication with interested parties, the Receiver established the website www.digitalaltitudereceiver.com. The Receiver continues to update this site regularly.”

However, the website is still pending updates since July.

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