The Receiver is the individual who assumes responsibility for all assets of the entities in receivership in the civil enforcement action brought by the SEC. The Receiver is responsible for determining how the business was operated and where its assets are located. The Receiver also is charged with operating the business and reporting to investors and other interested parties. Ultimately, the Receiver will determine the amounts owed to individual creditors and investors and will distribute available assets in accordance with a plan approved by the Court.
A receiver is appointed by the Court, is not an employee of the Securities and Exchange Commission, and ultimately answers to the Court. In this case, Anthony Box of Gray Reed is the Court-appointed Receiver for the various Receivership Entities.
The Court’s Order governs the authority of the Receiver. Federal courts have specific powers, known as “equitable” powers, to order relief to advance the purposes of the federal securities laws, preserve investor funds, and ensure that wrongdoers do not profit from their unlawful conduct.
Courts may grant broad powers to receivers, including the authority to sue on behalf of the receivership and to gather, manage and liquidate receivership assets on behalf of potential creditors and harmed investors. A receiver is charged with acting in “good faith” and performing his duties with “reasonable diligence.” A receiver is generally required to report to the Court periodically for the property entrusted to him.
It is too soon to determine what will happen to the Receivership Entities. The Receiver is currently exploring various possibilities with respect to the continued operations of the Receivership Entities and has engaged retained personnel who are assisting the Receiver to: (a) review and analyze the financial records of the Receivership Entities; (b) conduct financial analysis and forensic accounting services; and (c) assess the ongoing operations of the Receivership Entities and provide input and guidance regarding the management and oversight of the day-to-day operations of the Receivership Entities, including efforts to collect on accounts receivable and to maximize recovery for investors.
At the appropriate time, the Receiver will submit his recommendations regarding a distribution plan to the Court. Ultimately, the Court will be responsible for considering and approving the Receiver’s proposed plan. The Court must conclude that the proposed plan is fair and reasonable and appropriately protects the interests of the investors in the Receivership Entities.
The Court has entered an Order freezing all assets and funds of the Receivership Entities until the Court authorizes otherwise.
Under the current Receivership Order, the Receiver is only in control of the specific funds and entities that are identified in the list of Receivership Entities:
Nanban Ventures LLC (“Nanban Ventures”)
GSM Eternal LLC, a/k/a NorthStars FinTech (“GSM”)
Himalayan FinTech LLC (“Himalayan”) and
Centum FinTech LLC, a/k/a Sunshines FinTech’s (“Centum”)
The Receiver is currently investigating whether these other investment funds were, in fact, treated as separate and distinct from the Krishnan, et al investment funds and, if so, whether those other investments should be included within the scope of the Receivership. That decision will ultimately need to be addressed with the Court. The Receiver will provide more information regarding this issue as soon as it is available.
It is too soon to determine how much investors will receive from the Receivership Entities. The Receiver is working to protect the assets of the Receivership Entities, but there is no way to predict at this early date how much will be returned to each investor or when that will happen.
Not currently. You are welcome to contact the Receiver’s counsel, however, the Receiver is still setting up a claims process. Once the Court approves that process, you can submit proof of your claims through this website.
Currently, the court has frozen all assets related to the Receivership Defendants. However, the receivership process aims to return as much value as possible to creditors.
Yes, that can be accessed here under important court documents.
No. The Receiver is an agent of the Court and is effectuating the Court’s orders. The Receiver will, however, be investigating potential claims or methods of recovery that he can pursue for the benefit of investors in the Receivership Entities.
The Receiver cannot provide you with legal advice. You certainly have the right to hire or consult with your own lawyer.
At this early stage of the proceedings, we cannot predict how long it will take to complete this process.
Claims can be submitted online or by mail. All submissions must be received before the claims bar date. Be sure to save your confirmation for your records.
Submit by Mail
Option 1: Standard Mail
Send your completed claims form and supporting documents to:
Nanban et al. Receivership Claims Processing Center
c/o Epiq Corporate Restructuring, LLC
P.O. Box 4419
Beaverton, OR 97076-4419
Option 2: Courier Service
For courier deliveries, use:
Nanban et al. Receivership Claims Processing Center
c/o Epiq Corporate Restructuring, LLC
10300 SW Allen Blvd.
Beaverton, OR 97005
Submit Online
Click here to access the online claims portal
You will be required to create an account.
Please screenshot or print your submission confirmation for your records.
December 1, 2025, 11:59 pm CDT
Given the volume of claims, we cannot confirm if your claim was submitted. Please retain any mail confirmations or print/screenshot any online confirmation of your submission.
The Receiver will review claims in the coming months. If additional documents are required, the Receiver will contact you via email. If the Receiver does not have a good email address for you, then you will be contacted via mail.
Please continue to check this website for updates.
You will receive an email or mail from the Receiver stating your claim was accepted.
If your claim is accepted, the Receiver will include your claim in the distribution plan. After receiving approval from the court, you will receive your distribution.
A liquidation plan was filed on 8/4/2025. It can be found under Key Court Documents. The plan outlines the Receiver’s methodology for selling real property and other property. At this time, there is no estimate of a distribution percentage to claimants.
The Claims Bar Date is December 1, 2025. By continuing to provide information after the Claims Bar Date has expired about how to file a Proof of Claim, the Receiver is not agreeing to review or allow any late filed claims.
A distribution plan, generally, governs how the distributable funds of a receivership estate will be apportioned among the claimants, and the process by which such funds will be distributed. Further, a distribution plan addresses how claims are calculated, the relative priority of claims once they are allowed, sources for paying claims, and the methodology for paying claims.
Yes, but not all Investors will receive the same recovery. The Receiver will determine the most equitable disbursement method prior to receiving approval from the court.
No, the Receiver has not made any distributions.
You can submit an inquiry via email at Nanban@epiqglobal.com. It is important for all Investors to receive the same information; you should not contact the Receiver directly. The Receiver will keep Investors informed of important developments and other matters through his periodic reports as well as postings on this website and other communications. Situations that require the Receiver’s attention will be escalated by the Claims Agent to the Receiver and his advisors.
The Receiver will post new information on this website from time to time, including Key Court Documents, Receiver Reports, and Important Dates and Deadlines.
Contact information is available here.