Seventy-two TelexFree disallowed claims lists published
The good news TelexFree victims waiting for an update on allowed claims is you’re one step closer to distribution.
The bad news is the latest update means payments probably won’t be going out this year.
On Monday November 26th the TelexFree Trustee published seventy-two notices of disallowed claims.
The filings contain a list of TelexFree investors with disallowed claims, who
did not file Claim Responses to the Notices of Proposed Resolution of Claim within thirty (30) days as required by the terms of the Order.
I.e. These are the affiliates who filed a claim, were denied and then failed to file anything further.
The filings serve as a final notice to the claimants. After another twenty-one days (from November 26th), the claims will be denied without any chance of recourse.
I haven’t gone through (and don’t plan to) go through all seventy-two filings, but just going through the first few these caught my eye:
Natalia Artemieva Kostyunina Spain
Claimed amount: $36,402,751.00
Proposed allowed amount: 1,474.90
Oswaldo Maximiliano Solarte Colombia
Claimed amount: $20,001,025.80
Proposed allowed amount: $1,025.80
You lost just over a thousand and your dumb asses thought you were entitled to tens of millions of dollars… really?
From what I can see most claims aren’t that egregious but still fall in the tens of thousands to hundreds of thousands of dollars range.
With so many idiots filing claims for grossly inflated amounts, each of which must be thoroughly investigated, is it any wonder the TelexFree claims process has dragged on for so long?
If you want to check out the filings for yourself head over to the TelexFree Trustee website. They’re in the “Court Documents” section starting November 26th.
Thank you for this piece of info. It gives hope! However the list of Allowed claims is not complete! Do you think we should expect it soon?
Thank you Once again!
They aren’t a list of allowed claims, these are reduced claims that the claimants haven’t responded to.
oz so this moves the case one step foward to being finish but whay if they gave them 30 days for them to respond now they get an extra 21day i recived my letter of allowed claim in agust 23 and it said you have 30 days to respond.
is been 4 month for them to respond to there claim now they get an extra 21 days i realy dont understand.
They had 30 days to respond and yes it’s been much longer. This is a final public 21 day notice.
If they don’t respond within that time-frame their allowed claim amounts will be forfeit.
These things have to go through the courts so there’s a record and they aren’t usually filed on time. E.g. The Trustee probably isn’t going to strike off the claims bang on the 21 day mark.
We also don’t know what else might be holding the first distribution up. That said I’d be pretty confident it’ll be made in the first half of 2019.
ok thanks for your fast respond oz well yea lets hope after the 21 days things move faster.
This makes pretty sure that the amount shown on my massage is indeed the one! If they could only distribute by Feb! Otherwise thank you!
NOT QUITE, IT JUST MEANS IF THEY DONT RESPOND, THEY WILL BE SENT THE PROPOSED ALLOWED CLAIM AMNT VS. THE AMNT. THEY CLAIMED.
ACTUALLY, THE FIRST SEVEN PUBLICATIONS ARE A LIST OF THE CLAIMANTS WHO RECEIVED AN OBJECTION WITH A PROPOSED CLAIM AMNT. DIFFERENT THAT WHAT THEY CLAIMED, AND ARE GETTING APPROVED FOR THE TRUSTEES PROPOSED AMNT.
THAT IS CORRECT WASIKYE, THEY HAVE NOT YET RESPONDED TO THE CREDITORS WHO RECEIVED AN OBJECTION AND RESPONDED WITHIN THE ESTABLISHED TIME. THESE 70 SOMETHING PUBLICATIONS ARE ONLY FOR THE CREDITORS WHO RECEIVED AN OBJECTIONS AND *DID NOT* RESPOND.
THE RESPONSES OF THOSE WHO DID RESPOND TO THE OBJECTIONS ARE YET TO COME.
WHATEVER THE CASE MAYBE, LOOKS LIKE DISTRIBUTION MIGHT BE TAKING OFF IN JANUARY
(all caps, ew)
There are two sets of notices. The first is six-part and I didn’t cover it because it’s not as important as the second set of seventy-six notices.
You’re referring to the first set of notices, which are for allowed claims. The disallowed claims are what’s covered in this article.
hey OZ one question is there another list coming out cuz i cant find my name in the allowed or disallowance letters.
i did recive 3 month ago a proposal email and with allow amount but i dont see my name on this list the were publish.
Did you respond to the allowed amount? I’m not 100% on the particulars but I think you have to agree to the allowed amount and then you’re set.
Definitely double check with the Trustee though for clarification.
These recent lists are for outstanding disputed amounts. Your name would only appear there if you’d received an adjustment and failed to respond.
the question here is, did you respond to the objection you received, if so, yes, you will receive a notification with the trustees decision on your response, the trustee can take 1 of 3 actions,
1. he can accept your response and documentation and approve your claim for your originally claimed amount
2. he can dispute your response and propose a different amount
3. he can dispute your response and file a formal objection with the court
in any which case…you will be notified, emailed and notified again…. just sit tight were almost there…
keep in mind the two sets of documents the trustee uploaded are only covering every disputed creditor who DID NOT respond to his/her objection
hey oz i did respond to the the proposal allow amount letter i replayed that i agreed with the descion yea i gues will jus have to wait to see if they send ous an email cuz after a send them the email never got anything
dont confuse them with new emails. if you respnded to your objection, just sit tight, be patient, as i said, were almost on the finish line XD !!
hey guys this is the email i got today for the question on how long it will take:
I made the claim 2 years ago and didnt get other email, just the confirmation and claim number, im not in any of these lists, does this mean it was accepted??
I’d assume a confirmation email for the amount you claimed constitutes an accepted claim?
I hope so…
Anyone have any updates on when payment is supposed to be going out?
Latest update: payments will be ready to go out when they’re reading to go out.
I haven’t receive any corespondence since about 2 years ago.
If your claim was approved two years ago then you’re waiting for distribution like everyone else.
Its has been a long wait, kindly hasten the process so that we can get our refunds. My claim was legitimate.
Cant find the names of Kenyans in the list of creditors.
Oz its also good to publish the list of the allowed claims to keep us informed.
I don’t publish them, the Receiver does. I’m not aware of country specific lists.
I filled my claim in 2016. Never received anything since than.
I was checking my claim on portal, it is there. i could not find my name on any list.
What should I do?
Contact the Trustee.
If you can access the portal there should be contact details on there.
I am sorry not on portal, on registry.telexfreeclaims.com and my claim is there. i sent emails to (removed) , no answer -(
How can I contact the Trustee? Thank you very much!
If your claim is there it should be designated approved or not?
If it’s approved you’re waiting for first distribution like everyone else. There is no timeframe for this.
at this point. a distribution is not likely. the process has stalled, and is no longer in anyones priority list.
the trustee did his job, and successfully collected years of fee application that went uncontested.
to the victims. just forget about telexfree and your losses. learn the lesson, and stay away from these schemes.
just remember it took madoff vistims over a decade to recieve a penny…
I filled a claim and i have not seen any respond since then.
Did you check the status of your claim on the portal?
I, my sister and a friend filled up the claim in May 2014. The docsign was June 20, 2014. We got our amount approved BMCGROUP.
I received emails from kccllc for a period of time until 2017 and then I did not hear anything from them again, not either my sister and my friend.
I could not find our names on the lists of allowance and desallowance so I emailed them and they asked me my claim number.
I told them that it has never given to me. All that I have are ID # that they put on the emails they used to send me.
So I called BMCGROUP they found our names but they said that they could not give it to me but they were going to send it to the Trustee.
This was couple mouths ago. I have not heard anything back from the Trustee or the BMCGROUP. What should I do?
If you filed a claim you have a claim number. You can’t have an approved claim without a claim number.
Probably worth getting in contact with the Trustee yourself.
i file when telexfree out, e file on 06/13/6 claim #669 please help me any body.
If your claim was approved your waiting on the first distribution payment, same as everybody else.
yeah so this roved to be innacurate.. there wa no “21” days… these people are now being sent to court hearing to actually be disallwed. the trustee, can not, i repeat, he can not, disallow any claims by his own decition, it can only be done in court by decition of judge.
all 72 motions have to be brought before a judge to be disallowed….. march 12 is the hearing fo the 33rd motion….out of 72… so yeah.. were still a good 8-12 months away from any distribution.
Yeah this Trusteeship has been an eye opener compared to Receiverships.
Not sure if it’s just the size of TelexFree impacting how long things are taking but the process itself seems to differ too.
Lot of dumbasses in TelexFree trying to claim Ponzi money that doesn’t exist unfortunately. Or people who paid someone down the road who now think they have a valid claim against TelexFree.
was a victim have received any response.