Haboob Daniel is still going strong. Someone ( his parents most likely since Arcelie is no longer considered an heir unless his will states otherwise ) has to sort this out. Appoint a personal representative then get a lawyer for probate of his estate and to figure out who gets control of his LLCs.
It will take time, perhaps a long time, before anything concrete happens.
Since he did not have a trust, probate will take a very long time, and we are talking about YEARS ! And, as most of us have heard, it can and will become very, very public.
Essentially, nothing has changed for the Esmeralda investors. The fact that there will be little, if any, restitution hasn't changed. I know some think he has money stashed away somewhere to be found. Perhaps he does. Maybe a million or two. But there isn't $27 million anywhere since he divested himself of ownership in Esmeralda to get it out of the reach of collection efforts, the equity it might possess is not able to be claimed for investors. And that was his intention / motive for doing that.
So all you can do is wait and hope. Some were discussing meeting as a group to file a claim against his estate. Even those who already have their personal judgments for payment of their notes can't file a claim against his personal estate, because the judgments are against IPX, not Daniel. He died before any of them got to the legal determination that he was personally liable for the debt because of the fraud issues. No one ever managed to pierce the corporate veil. What I don't know is this - Did the ACC Consent Order pierce the veil? Even if it did, the entire assets of Daniel and his LLCs is probably a very low dollar amount. Equity Financial Planning alone is over $1.2 million in debt, due to an unpaid loan.