The club was conceived, Trudeau claims, by a secret council of 30 people – including anonymous billionaires, royals, high-level members of secret societies - and Kevin Trudeau. In internet videos, Trudeau pitched GIN as a way for members, who pay $1,000 to join and $150 a month in dues, to acquire secret information heretofore available to only the elite.
The club's U.S. subsidiary, GIN USA, reported more than $60 million in gross revenue over the past three years, virtually all of which came from payments, purchases and upgrade fees from the club's own members. It is not clear how much, if any, of that money remains. The receiver will now have to determine if GIN and its affiliated entities should be allowed to continuing to operate or should be shut down and have their assets liquidated.
Trudeau, who declined to answer questions about the latest contempt finding or the appointment of the receiver, has been ordered to surrender his U.S. and Italian passports. He will have to get by on whatever amount of money the receiver determines is sufficient for him to have ordinary and necessary living expenses. For the time being, he will be permitted to continue living in an expansive rental home in suburban Chicago.