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Status of Consumer Redress

The Claim Application process pursuant to the US District Court’s August 18, 2022 Order has been completed. Eligibility Determination Notices were made available to participating consumers on February 9, 2023. You may log in to the Claim Application Portal to view your Eligibility Determination Notice using the link above.

On June 14, 2023, the Court entered an Order to authorize the next phase of consumer redress for eligible consumers here. Following the Court’s June 14th Order, the Receivership Team undertook preparations to: (i) distribute of the first round of redress payments; (ii) market and sell receivership estate assets; and (iii) administer an online survey to enable certain lot election choices.

First Round of Redress Payments Issued

The Court’s July 14th Order directed the Receiver to send initial redress payments totaling $10 million to eligible Sanctuary Belize lot purchasers on a pro rata basis. On August 16, 2023, emails were sent to those lot purchasers advising them of the details of their redress payment calculations and check amount for each claim. The checks were sent by U.S. mail on or about August 16, 2023.

There are currently no cash proceeds available to make redress payments to Kanantik and other covered development area lot purchasers. It is anticipated future redress payments for those claims will come from the sale of Kanantik land and other assets.

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