A Fourteenth Standing Report has been filed by the Zhunrize Receiver, revealing that the sufferer declare course of will wrap up this quarter.
Up to now the Receivership has returned $41,228,972 to Zhunrize victims, most of whom are from Asia.
As of June thirtieth, 2018, $282,124 value of checks have been undeliverable, with an extra $14,460 in six checks issued within the second quarter excellent.
The Receiver has made a number of makes an attempt to contact these victims to acquire right supply addresses however has been unsuccessful.
To that finish, the Receiver will stop additional makes an attempt to ship these distributions.
The Receiver doesn’t intend to reissue any of the 6 distribution checks at present excellent.
Thus the claims distribution course of will wrap up by this quarter.
The one different job the Receiver remains to be pursuing is litigation in opposition to Todd Spencer.
Spencer, a Zhunrize insider, believes he’s entitled to maintain over $350,000 in stolen investor funds.
The Receiver’s clawback lawsuit in opposition to Spencer remains to be taking part in out. After that’s resolved, we’ll doubtless see the Zhunrize Receivership wind down.
Replace sixteenth Might 2019 – Todd Spencer has reached a clawback settlement with the Zhunrize Receiver.