The Zeek Rewards Receiver’s contempt movement in opposition to VictoriaBank has been denied.
The information comes by way of an October 1st order, issued following a movement listening to on the identical date.
Detailed reasoning for the order isn’t supplied.
For the explanations said in open court docket, IT IS THEREFORE ORDERED that the Receiver’s Movement and Renewed Movement are DENIED as to Victoriabank.
The February 12, 2016 Freeze Order shall stay in impact for 30 days to permit the Receiver a chance to enchantment ought to he want to take action.
The Receiver’s dispute with VictoriaBank dates again to 2016. At difficulty is ~$13 million {dollars}, which VictoriaBank processed for Payza, who in flip processed for Zeek Rewards.
The Receiver needs the funds again to distribute to victims of the scheme. VictoriaBank needs to maintain the funds as a result of… revenue.
For his or her half Payza has already relinquished their curiosity within the $13 million to the Receiver.
I’m unclear on whether or not this October 1st resolution means VictoriaBank will get to maintain the cash, or whether or not the contempt movement is a side-issue.
Pending clarification from the Receiver (hopefully over the subsequent thirty days), keep tuned…
Replace seventeenth October 2019 – The Receiver has filed an enchantment in opposition to the October 1st resolution on October seventh.
Pending the result of the enchantment, VictoriaBank received’t get to maintain stolen Zeek investor funds simply but.
Replace 18th February 2021 – The Zeek Receiver’s second enchantment has been denied, that means Roman Balanko will get to maintain the disputed $13.7 million.