In an announcement revealed earlier this month, the Zeek Rewards Receiver has offered some updates on last distribution funds.
We’re a bit late on the Receiver’s Could sixth announcement. Nonetheless within the Receiver’s newest announcement he reveals a Fourt Circuit enchantment loss for sure Zeek Rewards’ net-winners.
Stated net-winners objected to being ordered to return funds they stole from Zeek Reward victims in January 2018.
Of their enchantment, the Zeek net-winners requested the Fourth Circuit decertify the Web Winner class and reverse all prior judgments pertaining to the category.
That evidently went down like a ton of bricks in courtroom and the Fourth Circuit denied the enchantment in full.
Writes the Receiver of the enchantment failure;
The choice of the Court docket of Appeals signifies that all judgments of legal responsibility in opposition to the defendant class members are actually last.
Primarily based on this resolution, I’ll now transfer ahead to pursue assortment of the Judgments or their sale to a 3rd get together.
US based mostly Zeek Rewards scammers who’ve but to repay their victims, can anticipate debt collectors to come back knocking in some unspecified time in the future.
Of the Zeek Rewards net-winner class, there’s nonetheless a couple of hundred scammers whom the Receiver hasn’t pursued last judgement in opposition to.
The Receiver advises efforts to safe last judgment in opposition to these net-winners will start this summer time within the US.
With respect to last distribution funds the Receiver advises that, though he’s tempted to subject an interim fee, it’s price prohibitive.
As a substitute as soon as the net-winner actions above are resolved (promoting secured judgments to debt collectors and securing last judgment in opposition to remaining net-winners), and the long-running Payza VictoriaBank PaymentWorld case is resolved, Zeek claimants will obtain a last distribution fee.
We respect the continued persistence of the claimants and can in fact proceed to work to finish the Receivership as quickly as attainable.
No timeframe for last distribution has been offered.
I can’t see promoting Zeek net-winner judgments to debt collectors taking greater than a few months. Securing last judgments in opposition to the hundred or so left… possibly six months tops?
As for the Payza VictoriaBank PaymentWorld saga, final we checked in Payza had relinquished their curiosity within the $13.1 million to the Receivership.
Proceedings in opposition to VictoriaBank and PaymentWorld proceed.