For those unaware of the Webinar, Mat Sorensen and Mark Kohler, held a Open Forum and Discussion to discuss the unfortunate and difficult situation regarding American Pension Services (APS), a self-directed IRA Custodian.
Essentially, last year the SEC filed a lawsuit against APS and Curtis DeYoung for fraud. At the same time, a Receiver was appointed by the Court to make a proposal for the recovery of the funds and losses within the company. Needless to say, It's been a long year for all of us with retirement accounts at APS.
The Court has approved a "Plan" and we held a discussion and fielded questions to try and provide some options and clarity. We hope this information was helpful.
Please share this email and link with anyone you think may have been affected by APS's actions.