MERCHANT PROCESSING, INC. G

Federal Trade Commission vs. Merchant Processing, Inc., Vequity Financial Group, Inc., Direct Merchant Processing, Inc., and Aaron Lee Rian

CASE # CV 07-0533-BR

If you have any questions regarding the claims process, please contact us:

PHONE:  503-294-9928

EMAIL:  mpiclaims@grassmueckgroup.com 


 

DECEMBER 16, 2011 UPDATE:

On December 9, 2011, the court granted a Closing Motion in its entirety.  The final case documents are posted in the links listed below. For additional information, please contact us at mpiclaims@grassmueckgroup.com.

Motion for Order Closing Case and Discharging the Receiver
 [Proposed] Order Closing Case and Discharging the Receiver
 Memorandum in Support of Motion for Order Closing Case
 Certificate of Service
 Declaration of Michael A. Grassmueck in Support of Motion for Order Closing Case and Discharging the Receiver

NOVEMBER 2, 2011 UPDATE:

The court has entered an Order on Second Motion for Order to Allow Certain Claims and Related Relief. This allows claims that have not yet received a settlement to be paid shortly.  Please contact us at mpiclaims@grassmueckgroup.com for additional information. The filing is available for viewing through the link below.

  FTC Order Second Claims Motion

AUGUST 23, 2011 UPDATE:

The FTC has filed a Status Report with the Court regarding the current status of this case. The filing is available for viewing through the link below.

FTC Status Report

JUNE 27, 2011 UPDATE:

On June 24, 2011, the court entered an Order to Allow Certain Claims, Authorize Payment to Certain Terminal Lease Companies, and Transfer Estate Funds to the Federal Trade Commission Redress Contractor. Related documents are available through the links below.

 

MARCH 5, 2010 UPDATE:

On March 2, 2010, the court entered an Order Approving Claims Procedures and Establishing a Claims Bar Date. The Order, and Proof of Claim form, are available through the links below. Proof of Claim forms are being sent out by mail today. Please be sure your Proof of Claim is received by the Receiver on or before June 11, 2010 at 5:00 p.m. PST. Please email us at mpiclaims@grassmueckgroup.com if you have any questions.

FEBRUARY 19, 2010 UPDATE:

Attention all merchants and creditors of Merchant Processing, Inc. (MPI), MSI Merchant Services, Inc. (MSI) and PPI Services

The Receiver has filed his proposed claims process with the court.  The claims process will allow you to file a claim and seek reimbursement for your losses associated with MPI, MSI or PPI.  Please review the below motion and supplements for a full explanation of the claims process.  Once the claims process is approved by the court, you will receive a proposed claim form and instructions in the mail for your review.  Please do not fill out a claim form until the court has approved the claims process as the form may change.  The final approved claim form and instructions will be available for download on our website.  We will update the website as soon as the court approves the claims process motion.  Please email us at mpiclaims@grassmueckgroup.com if you have any questions.

 MAY 15, 2009 UPDATE:

The Receiver intends to sell the personal property assets (office equipment) of Merchant Processing Inc. and affiliated businesses . Below is the notice of the sale. Please read this notice carefully as it provides details for potential purchases and affected parties.

 Receiver's Notice Of Intent To Auction Personal Property (Office Equipment)

 The James G. Murphy Co. will conduct an onsite auction at the Phoenix Merchant Processing offices on Wednesday, May 27th at 10:00 AM, with a preview commencing at 8:00 AM.

Go to the James G. Murphy Co.'s auction page for Phoenix Merchant Processing

APRIL 14TH, 2009

The court has entered an order authorizing the sale of assets t o North American Bancard. The Order is available through the link below.

 Order Authorizing Sale of Assets

NOTICE:

The Receiver intends to sell the assets of Bad Boy Enterprises and all affiliated businesses.  Below is the notice of the sale.  Please read this notice carefully as it provides details for potential purchasers and affected parties.

     Notice of Receiver's Intent to Sell Bad Boy Racing  

COURT DOCUMENTS:

Order Authorizing Temporary Restraint with Asset Freeze
Download
 
Stipulated Preliminary Injunction and Order for Other Equitable Relief
Download
 
EXHIBIT A - Entities
Download
 
EXHIBIT B - Redacted
Download
 
EXHIBIT C - Redacted
Download
 
MPI Preliminary Report of Receiver - Final Redacted
Download