Synapse Trustee: $85M Gap Vs. What Depositors Are Owed

Fmr. FDIC Chair McWilliams Outlines Four Possible Paths Forward On FBO Funds

Hey all, Jason here.

The first status conference since the appointment of former FDIC Chair Jelena McWilliams as Chapter 11 trustee in the Synapse bankruptcy case will take place today at 1:30pm PT.

In advance of that hearing, McWilliams filed a status report with the court — thought it worth providing a quick summary of the key points in that filing prio…