In a latest replace printed on the Zeek Receivership web site, the Receiver revealed Zeek Rewards’ net-winners tried to take their case to the Supreme Court docket.
Unsure how I’d missed it however this was definitely information to me.
Zeek Rewards’ net-winners are a few of the most bitter scammers on the market. They’ve been preventing to maintain their stolen cash for just below eight years, and have been steamrolled again and again in court docket.
We final reported on their Fourth Circuit enchantment denial in Might 2019. It appears after that they determined to strategy the Supreme Court docket.
I don’t have particular particulars on the net-winner’s Supreme Court docket writ, however in accordance with the Receiver;
There was a big delay within the sale that occurred as a consequence of an enchantment by the net-winners to america Supreme Court docket.
Not too long ago, america Supreme Court docket denied the request of the net-winners to have their enchantment heard.
In keeping with their Site visitors Monsoon writ rejection, it appears the Supreme Court docket has little interest in listening to from Ponzi scammers.
Following the writ denial, the Receivership bought the Zeek Rewards’ net-winners debt to Nationwide Judgement Restoration.
The $10 million sale was proposed again in July 2019, by means of the affiliated firm Large Sky Analysis.
Outdoors of the sale there are nonetheless round 100 net-winner judgments to be decided.
For the overwhelming majority of Zeek Rewards net-winners although, they’ll now be coping with Nationwide.
As I perceive it Nationwide can contact net-winners to encourage them to pay up. Past that they’ll file authorized motion, which might result in all kinds of issues.
I discovered the FTC’s “Debt Assortment FAQs” to be an attention-grabbing learn.
Having paid $10 million for the debt portfolio I think about Nationwide will probably be trying to a minimum of make that a lot again. Hopefully they offer ’em hell.
In associated information a number of days in the past the Receiver requested an extension to file a Closing Liquidation and Dissolution Plan.
The request was granted, giving the Receiver till July twentieth to take action.
I anticipate this plan will present particulars of ultimate distribution and the winding down of the Zeek Rewards Receivership.