DOJ victim remission fund · Open

Knox Remission Fund (Justice Department microcap securities fraud victims)

The Justice Department has recovered roughly $15.5 million for people who lost money in a global microcap securities fraud run by Roger Knox through the Swiss firm Silverton, later renamed Wintercap. Rust Consulting made an initial distribution on February 27, 2026 to the more than 8,000 victims named in the court's restitution order, calculated pro rata against each person's verified loss, and the U.S. Attorney's Office says every currently available dollar has now gone out while it keeps trying to recover more. There is no claim form to submit: if you believe you were one of those victims, the step that matters is making sure the Justice Department can still reach you, and the whole process is free. Payment sizes vary enormously with each verified loss and nothing here is guaranteed.

Official program page

There is no claim form for this one. The administrator pays consumers it has already identified, so the useful step is to make sure they can reach you — not to file anything. Anyone offering to file it for you, for a fee, is selling you nothing.

When the money moves

What the official materials say about the payment schedule for this settlement, and what the administrator has published since. Every figure below is linked to the page it was read from.

Status: The administrator has started paying
Distribution began: February 27, 2026
Valid claims paid: 8,000

Source: justice.gov ↗

Settlements pay in batches, often in tiers, and a distribution can run for months between the first payment and the last. A start date means the administrator has begun paying valid claims — it does not mean any particular claim has been paid, and it is not a sign that a payment is on its way to any particular person.

If you filed and nothing has arrived, the administrator is the only one who can tell you where your claim stands. We hold no claim records and cannot look one up.

Expected

The U.S. Attorney's Office says all currently available funds have been disbursed and that it will keep working to recover more assets, but gives no timeline for any further payment.

Read off the official notice, in its own words. These dates slip — an appeal can move a distribution by a year or more — so treat it as the administrator's plan rather than a schedule.

Source: justice.gov ↗

Average payment — our estimate

$1,550

This is our own arithmetic from the figures on the official page, not a number the administrator published.

Our estimate: the more than $12.4 million the Justice Department reports distributing, divided across the more than 8,000 victims named in the restitution order — about $1,550. No average has been published. Payments were worked out pro rata against each victim's verified loss, so individual amounts vary widely around that figure.

An average is not a forecast of any individual payment. Plans that pay pro rata, in tiers, or against documented losses produce amounts that vary enormously around it — many land well below the average, and some claims are paid nothing.

Source: justice.gov ↗

Facts from the official materials

Status: Open
Type: DOJ victim remission fund
Category: Banking and finance
Defendant / company: Roger Knox; Wintercap SA (formerly Silverton SA)
Administrator: Rust Consulting, Inc., for the Justice Department Money Laundering and Asset Recovery Section
Claim deadline: See official notice
States: See official notice (often nationwide)
Proof: No claim to file — payments are sent automatically
Possible amount: Documented losses, from a $12.4M fund
Source confidence: high
Last verified: October 15, 2026

Covered products and services

Microcap and penny stock shares sold through Silverton SA / Wintercap SA

United States v. Roger Knox; United States v. Richard Targett-Adams · U.S. District Court, District of Massachusetts

More than $12.4 million in forfeited funds was distributed through the Knox Remission Fund, and the Securities and Exchange Commission distributed a further $3.1 million to the same victims. Shares were calculated pro rata on each victim's verified loss, so amounts differ greatly from person to person and are not guaranteed.

Eligibility questions

These questions help you decide whether to read the official notice. They are not a legal determination.

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