USTP NUKES RYNE’S BANKRUPTCY: MOTION TO CONVERT OR DISMISS DROPS – “CLASSIC PONZI” IN BLACK & WHITE

Victims, the day has come. The U.S. Trustee just filed a motion to convert Ryne Joseph Vitug’s Chapter 11 case to Chapter 7 liquidation or dismiss it entirely under 11 U.S.C. § 1112(b) — and they’re asking Judge David D. Cleary to fast-track the hearing with shortened notice. Docket No. 50, filed TODAY (scroll to the bottom for the whole motion), December 4, 2025, in Case 25-13120 (N.D. Ill.). This isn’t a warning shot. This is the kill shot.

And the dagger? Page 3 of the motion — where the USTP calls Ryne’s operation exactly what it is:

“The Debtor’s use of new deposits from clients to pay back prior deposits shows characteristics of a Ponzi scheme.” — USTP Motion to Convert or Dismiss, Docket 50, Page 3

Let that sink in. The Department of Justice just branded Ryne Vitug a Ponzi operator in federal court. Not speculation. Not victim rage. Official court filing. The same government that shuts down Madoff-level frauds just put Ryne in the crosshairs.

They didn’t stop there. The motion demands immediate action — presentment set for Wednesday, December 17, 2025, at 10:00 a.m. CT before Hon. David D. Cleary in Courtroom 644, Dirksen Courthouse, Chicago. Parties and counsel can appear via Zoom for Government (Meeting ID: 161 122 6457, Passcode: Cleary644). Everyone else? In person or shut out. Object? You’ve got two business days to file or the court can grant the motion without a hearing (Notice of Motion, p. 1).

And who got served? Everyone. The Certificate of Service (p. 2) lists:

• Trustee Ira Bodenstein (iratrustee@cozen.com)
• USTP’s Adam G. Brief
• Ryne’s own lawyer David C. Christian (dchristian@dca.law)
• And hundreds of creditors via First Class Mail — Including victims in 16 states and 6 countries (Mailing Matrix, pp. 3–5+). Ryne can’t hide. The list is public. The shame is permanent.

This motion didn’t come from thin air. It came from US. Our joint objections — the dozens of victim filings before the November 26 deadline — forced the USTP to dig. Without that pressure, Ryne could’ve stalled this for 6–12 months, bleeding assets, filing fake plans, playing victim. We stopped the clock. Now the feds are swinging.

And Ryne? He’s cooked.

Word from the trenches: he’s panicking, DMing and emailing victims, begging for private talks with him and his attorney. Mercy? Settlement? A last-ditch plea to flip votes? Pathetic. (see for yourself below)

He had his chance. He lied, he hid, he stole. Now the USTP is calling the bluff — and like I told you before, Ryne, bankruptcy ain’t happening.

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MARK YOUR CALENDAR: DECEMBER 17, 2025 – 10:00 AM CT

VIRTUAL HEARING WITH JUDGE CLEARY Zoom Link: https://www.zoomgov.com/

Meeting ID: 161 122 6457

Passcode: Cleary644

If you filed a claim — SHOW UP.

• Creditors only get Zoom access.
• Victims who have not filed a claim? Be in Chicago or be silent. (or file here before the date – https://ecf.ilnb.uscourts.gov/cgi-bin/autoFilingClaims.pl)
• Want to speak? File a Notice of Appearance or Objection NOW.
• Check the docket daily — things move fast.

Ryne is counting on silence. Let’s flood that courtroom. Save your screenshots. Record your statements. Share the truth. This is our moment.

Back on January 9, 2025, I told Ryne straight: “Bankruptcy ain’t happening.” Today, the United States Trustee just proved I meant it.

Ryne Vitug is done. The walls are closing. The Ponzi is exposed. And we’re just getting started.

Stay fierce,

The RyneVitugFraud Crew

(All quotes & docket refs from public ECF filing – Docket 50, Case 25-13120. Download on PACER or check rynevitugfraud.com for updates.)