Payment processors denied slice of MOBE Receivership pie


As per a January sixth order, MOBE’s non-consumer collectors have been directed to file claims for fee consideration.

As per a report filed by the MOBE Receiver on April twenty second;

The Receiver obtained a complete of 15 Declare Types.

Twelve of the Declare Types have been offered by “Shopper Collectors.”

The three Non-Shopper Declare Types obtained all have been submitted by fee processing firms.

The three fee processors in query are Precedence Fee Programs, Stripe and Peoples Belief. Every claimed $511,459, $38,221 and $357,827 respectively.

All three processors wound up withdrawing their claims.

Precedence Fee Programs opted to withdraw its declare when the Receiver identified

(i) it had assigned its declare to a different entity, and

(ii) it had reached a settlement with the Receiver two years in the past beneath which it waived its proper to hunt fee from the Receivership Entities or the Receiver.

Stripe opted to withdraw its declare when the Receiver identified that the knowledge supplied by Stripe didn’t help a declare towards the Receivership Entities, however as a substitute pertained to non-Receivership Entities that have been owned or managed by the Defendant (Russel) Whitney. 

Peoples Belief opted to withdraw its declare when the Receiver identified that it had violated the Courtroom’s TRO and Preliminary Injunction in Canada by persevering with to make the most of the funds it was holding as bank card reserves to reimburse itself for paying chargeback claims, and that it might be liable to the Receivership Entities for aiding and abetting the MOBE fraud by persevering with to course of credit score and debit card prices at a time when it knew, or ought to have recognized, that MOBE was a fraud.

BehindMLM lined the Peoples Belief litigation individually in 2017.

Disallowed client creditor claims filed topped out at $181,267:

  • Hermes and Piedad Maria Alberttis (chapter declare) – $34,404
  • Leonardo Dias Brame (bankrtupcy declare) – $181,267
  • Josmy Esteban Familia Ramirez – $2267
  • Josiah Edward Mascow – $74,655
  • Glynis Smalley – $107,231
  • Analuz Martinez – $2497
  • Bruce A. Rosekopf – $25,225
  • Jennifer Shipp – $64,562
  • Efren Antonio Rivas Betancourt – $44,489
  • Barbara Roman – $102,000
  • Jennier Gligoric – $156,000
  • Coley Elwood Coggin Jr. – $105,154

I’m placing down these claims right down to not understanding what a non-consumer creditor is, or simply attempting their luck.

Progress is excruciatingly sluggish however I count on in some unspecified time in the future MOBE’s victims can even be capable of file claims (I’ve no data on this so don’t ask for updates and so forth.).