Perhaps the singularly largest beneficiary as a recipient of fraudulently conveyed funds was the United States Government since many of the redeemers will have paid capital gains taxes upon the BLM redemptions with fraudulently conveyed funds. As a result, it will be incumbent upon them to disgorge said tax receipts back to the administrator for ultimate redistribution. Given the length of time many investors were "in", the capital gains, and thus the taxes thereupon would, one might assume, be very large.
Nothing like kicking someone when they are down! And it gets worse for Uncle Sam since (as has been widely pointed-out) the investment losses will offset investment gains for many taxpayers (only of course if ever again investment gains outside the US Govt Bond market resurface again within the statute of limitations for their carry-forward) for years to come.