$405,187 recovered from Zeek Rewards net-winners in 3Q, 2018
As revealed in the Zeek Rewards Receiver’s third quarter report for 2018, another $405,187 has been recovered from the Ponzi scheme’s net-winners.
Discussion with other Zeek net-winners continues. Separately an appeal against a judgment requiring those who made the most to return it is still playing out.
The other major unresolved issue the Receivership is engaged in is the $13.1 million Payza/VictoriaBank dispute.
VictoriaBank are trying to get the Receiver’s intervention lawsuit dismissed. To that end the next Status Conference in the matter is scheduled for January 2019.
Since its establishment in 2012, the Zeek Rewards Receivership has marshaled $375.2 million. Of that amount, $345.5 million has been returned to victims.
By conclusion of the Receivership, the Zeek Receiver estimates victims with an allowed claim will have recovered 80% to 85% of their losses.
Oz, recovery 80 to 85% of losses is really great. But what this means? This is only from the USA people or is all the world?
People who win pay only the money they win or it and more money? Can you explain how we undo a ponzy scheme?
I guess… this % of recovery is based on the amount of funds recovered and claims made. And number of losers eligible to make a claim and (after all this time) those who made the claim is relatively small. And I guess again – they are not outside USA.
I am pretty sure this mean “all allowed claims”, foreign or domestic to the US. Though it’s quite possible more foreign claims are disallowed due to language and proof issues.
It means Zeek victims with valid claims recovered 80% to 85% of their losses (both inside and outside the US).
I have no sympathy for those who couldn’t prove their investment.
Simple, recover the money from those that stole it and return it to the victims. Organizing that takes a ton of time and effort so victims get back whatever is recovered minus costs.
I moved from S.A. 3 years ago and unfortunately used my business email which shutdown when I closed my business and moved to Oz.
I have sent many emails but no reply. I have my user name and password but because of new email address cannot link to Zeek account. Possibly cheques have been sent to my S.A. address. Can you help?
If you didn’t file a claim then it’s far too late to do anything about it now.
I filed a claim I received some of my money but im still do grands of money. It’s passed 2018 when is the last checks being sent from zeekrewards?
You won’t get all your money back. There is one final distribution payment to be made but no ETA.
What does ETA means? is it something to do with not right now?
ETA
Estimated Time of Arrival.