Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia
Centaurus Financial and two of its advisers settled SEC charges tied to risky structured products sold to retail investors. If you bought these products through Centaurus between mid-2016 and mid-2019 and lost money, there's a fund set up specifically to pay you back.
Fair Fund approved for distribution to harmed investors.
A court-approved Fair Fund has been set up to distribute money to harmed investors. The exact payment per claimant depends on your recognized loss relative to the total pool — the claim form determines your share.
Official site: www.centaurusfairfund.com
Who may qualify
You qualify if you — or an entity you represent — bought Variable Interest Rate Structured Products (VRSPs) through Centaurus Financial any time from June 1, 2016 through July 31, 2019, and your calculated loss in those products is at least $10.
Official eligibility wording
Persons or entities who purchased or acquired Variable Interest Rate Structured Products (VRSPs) from Centaurus Financial between June 1, 2016 and July 31, 2019, with a Recognized Loss of at least $10.00.
This summary is based on available official settlement sources. The settlement administrator determines eligibility and payment approval.
New to the terms? Plain-English: claim deadline, proof of purchase, administrator, pro rata.
Important dates
- Claim deadline
- July 7, 2025 (closed)
Proof requirements
Proof requirement is currently marked as Yes.
Review the official claim form before submitting any information.
What you need
Proof is required. You'll need documentation supporting your VRSP purchases and the loss you're claiming (brokerage statements, trade confirmations, or similar records).
How to file this claim
- Check whether you submitted a Certification Form by the July 7, 2025 deadline — that was the cutoff set by the SEC order.
- Contact Simpluris Inc. (the Fund Administrator) to verify your claim status: email info@CentaurusFairFund.com or call 1 (866) 675-2467.
- Visit www.centaurusfairfund.com for official updates on distribution timing and when payments will be issued.
- If you believe you were eligible but did not receive notice of the claim process, ask Simpluris whether any late-filing or hardship exception is available.
- Keep any Centaurus Financial account statements or VRSP trade confirmations in case the administrator needs to verify your transactions.
Watch out for
- The Certification Form Deadline was 11:59 p.m. Eastern Standard Time on July 7, 2025 — if you missed it, you are almost certainly barred from receiving a distribution.
- Only VRSPs purchased from Centaurus Financial between June 1, 2016 and July 31, 2019 count; other products or time periods outside the Relevant Period are excluded.
- Your calculated Recognized Loss must be at least $10.00 under the Plan to qualify for any payment — smaller losses are excluded.
- Use only the official site (www.centaurusfairfund.com) and contact information above — do not respond to unsolicited outreach claiming to assist with your claim.
We prepare — you file on the official site yourself. This is not legal advice and is not an eligibility decision; the administrator and court decide.
How do I file a claim for this settlement?
This record no longer has an open public claim form — confirm the current status and any next steps on the official source.
- Confirm you are within the eligible group described in the official notice — the settlement administrator determines eligibility.
- Gather any documents the official form asks for — this settlement marks proof as Yes.
- Open the official claim form or settlement website run by Simpluris Inc..
- Submit accurate information through the official settlement administrator or government source before July 7, 2025.
- Save your confirmation number if one is provided, then watch the payment status for distribution updates.
New to settlement claims? How to file safely →
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How we verified this record
- Claim deadline the official settlement website · Jun 17, 2026
- Payout details the official settlement website · Jun 17, 2026
- Eligibility the official settlement website · Jun 17, 2026
- Proof requirement the official settlement website · Jun 17, 2026
- Administrator the official settlement website · Jun 17, 2026
- Court case the official settlement website · Jun 17, 2026
- Payment status the official settlement website · Jun 17, 2026
- Official claim link queued for re-check
Every published record clears our source-verification bar; remaining fields are checked one by one on our weekly re-verification pass.
Checked fields are matched against a named official source and re-checked on a schedule. We show the authority and the date, never our internal evidence link.
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Claim deadline
July 7, 2025
Verified Jun 17, 2026 · against the official settlement website
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Eligibility summary
Persons or entities who purchased or acquired Variable Interest Rate Structured Products (VRSPs) from Centaurus Financial between June 1, 2016 and July 31, 2019, with a Recognized Loss of at least $10.00.
Verified Jun 17, 2026 · against the official settlement website
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Proof requirement
Yes
Verified Jun 17, 2026 · against the official settlement website
In order to be considered for eligibility for a distribution payment from the Centaurus Fair Fund, you must complete and submit a Certification Form by July 7, 2025.
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Payment status
Payment pending
Verified Jun 17, 2026 · against the official settlement website
On March 26, 2026, the Commission issued an order approving the disbursement of $72,268.46 from the Fair Fund for distribution to harmed investors in accordance with the Plan.
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Estimated payout
Fair Fund approved for distribution to harmed investors.
Verified Jun 17, 2026 · against the official settlement website
On March 26, 2026, the Commission issued an order approving the disbursement of $72,268.46 from the Fair Fund for distribution to harmed investors in accordance with the Plan.
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Administrator
Simpluris Inc.
Verified Jun 17, 2026 · against the official settlement website
On November 5, 2024, the Commission issued an order appointing Simpluris Inc. ("Simpluris"), as the Fund Administrator to oversee the administration and distribution of the Fair Fund.
Show all 4 more verified fields
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Class period start
June 1, 2016
Verified Jun 17, 2026 · against the official settlement website
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Class period end
July 31, 2019
Verified Jun 17, 2026 · against the official settlement website
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Court case number
Admin. Proc. File No. 3-21295
Verified Jun 17, 2026 · against the official settlement website
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Case name
In the Matter of Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia
Verified Jun 17, 2026 · against the official settlement website
Common questions
Is the Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia settlement legitimate?
Yes — the Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia settlement is a real claims process that SettleSignal tracks from its official source. It is administered by Simpluris Inc.. File only through the official settlement website (www.centaurusfairfund.com); a genuine settlement administrator never charges a fee to file. SettleSignal last checked this record against the official source on June 17, 2026. Always confirm the current details on the official site before filing.
Who may qualify for this settlement?
Persons or entities who purchased or acquired Variable Interest Rate Structured Products (VRSPs) from Centaurus Financial between June 1, 2016 and July 31, 2019, with a Recognized Loss of at least $10.00.
What is the claim deadline?
The claim deadline is July 7, 2025. Confirm the current deadline on the official settlement source before filing.
Do I need proof to claim?
Proof requirement: Yes. The settlement administrator determines what documentation, if any, is required.
What is the current payment status?
Current payment status: Payment pending. Payments are issued by the administrator after the court process concludes.
When will Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia pay out?
Current payment status: Payment pending. Class-action payouts typically begin only after final approval and any appeals. See our payout timeline guide.
Where is the official Centaurus Financial, Inc., Ricky A Mantei, and Atul Makharia claim form?
The official claim form is hosted by the settlement administrator, Simpluris Inc.. Use the 'Open official claim form' button on this page — never pay a fee to file.
What's the deadline to file a claim?
The claim deadline is July 7, 2025. Claims submitted after that date won't be considered.
Do I need proof to file?
Yes. You'll need documentation — brokerage statements or trade confirmations — that shows you bought VRSPs through Centaurus Financial and the amount you lost.
How much will I get?
The settlement establishes a Fair Fund for harmed investors, but the exact amount per person depends on your individual recognized loss and the total number of valid claims filed. There's no fixed per-claimant figure published.
How do I file?
Go to centaurusfairfund.com/form/claim/ and complete the online claim form. Have your investment records handy before you start.
Where to act
When you are ready, you open the official claim form yourself. SettleSignal does not file claims or determine eligibility.
The claim deadline (Jul 07, 2025) has passed — this settlement is closed to new claims. Listed for reference.
Listed on the official settlement website (Simpluris Inc.).
Disclaimer
This service summarizes publicly available settlement information and links to official settlement sources. We are not a law firm, do not provide legal advice, do not submit claims on your behalf, and do not determine eligibility or payout approval. Only file a claim if the information you provide is accurate.
Change log
- June 18, 2026 — Settlement published after verification.
- June 17, 2026 — Verified field details updated from an official source.