90,297 checks sent out to Zeek Rewards victims
Against the backdrop of net-winners desperately fighting to keep their stolen riches, some good news now for the victims of Zeek Rewards.
As per the August order decreeing that payments would go out on September 30th,
approximately 90,297 checks are being issued and mailed to Affiliates that hold Allowed Claims as their first interim, partial distribution.
These first interim, partial distributions total approximately $134.2 million (with approximately $23 million of the $134.2 million required by law to be withheld for tax purposes) of the assets collected by the Receivership Team.
That’s a hefty tax bill to be sure, but at least those who lost money are getting something back. Can’t say the same for a lot of other lower-key scams out there that go bust.
Specifically, the amount paid out is
equal to 40% of the Allowed Claims of all Affiliates holding Allowed Claims as of August 15, 2014.
Of note is that there are some 70,000 affiliate claims that are incomplete:
Approximately 70,000 Affiliates hold claims that will be allowed against the Receivership Estate if and when any of those Affiliates provide the required release and OFAC Certification to the Receivership team.
If you’re one of those affiliates, you have until December 31st to provide the required documents, with a scheduled payout distribution date of January 30th, 2015.
As of the time of publication, 7000 claims remain to be processed by the Receivership.
Does this 90,297 checks include the people that are living out of the US?
And if it does, how can we know that we are personally included in those if they didn’t officially inform us via email?
@Mike
I believe so.
Did you put in a claim? Was it approved? They aren’t just sending checks out to randoms…
Yes i did put in a claim, i had already completed the release and OFAC Certification and send it back to them but they had not yet inform me about anything.
I have no idea if my claim is approved and if i am going to get money back. Basically i have no clue if my claim is approved or rejected. How could i know this if they did not officially inform me?
From the Receivership website:
Hi Oz,
For some reason I had 30% of my check withheld even though I filled out the form correctly with my SSN and I am a US Citizen. Did anyone else had this happen and do you know if I can get that 30% back?
@Tim
Tax? Although the Receivership said it was 20% or so, perhaps individually it can vary (?).
Probably best to get in contact with the Receviership about that one (they’re probably swamped right now so a reply might take a while).
Got my check yesterday. Woohoo! Exactly 40% of my claim. No tax was withheld. I don’t feel this money is taxable because it’s a refund of the money I sent to Zeek. It’s money I already paid tax on. I see it as a refund, not earned income.
Sounds like claims tax-wise might have been treated on an individual basis then (which makes sense).
I initially read it as a blanket percentage had been withheld.
It may not be tax related.
If you received any payments from Zeek prior to institution of the Receivership you would not be due the full interim distribution. See rising tide distribution method.
well I did check the check stub and it shows Witholding to be 30%
How did they send money to the victims? Did they actually send checks by post or did they make remittance to the bank account the payment was made from (from us to Zeek) in the first place?
I’m not a US citizen so it might be different in our case?
The title says “checks sent”. You would have registered your address when you filed the claim.
Yes, I’m a US citizen and I received a check in the mail.
If the withholding was based on a W-9 declaration of US exemptions it would be surprising if it resulted in exactly 30% being withheld, therefore it seems like they identified you as a foreign citizen subject to 30% withholding.
I’m pretty sure US citizen backup withholding is a flat 20%.
Has anyone who lives outside the U.S received a check/cheque?
I am in Australia and have had my final claim determined and provided my tax declaration, yet have not received any further communication from the receiver.
hello, I am a zeek victim outside of USA. I have had my “final determination accepted” It says on the website “no further action needed” – does that mean i should receive the refund check now?
what is “release and OFAC Certification”? – I have no idea what that is! Is it for USA zeek people only? or tax? i did not think I had to do anything more as its says “no further action needed” and i, obviously do not pay USA tax. Do I need to do something?
Thanks in advance.
OFAC is the The Office of Foreign Assets Control.
* First the receiver needs to obtain the courts’ permission to release funds.
* OFAC “administers and enforces economic and trade sanctions based on U.S. foreign policy and national security goals against targeted foreign states, organizations, and individuals”
In other words, the receiver needs to receive clarification from OFAC regarding countries to which he can release money.
You don’t need to do anything in the meantime
Thank you littleroundman – much appreciated.
I live in Australia and have received my first cheque (minus 30% tax withholding) today. My ‘rising tide distribution percentage’ is 40%.
By filling out the certification form you provided certain information that allows OFAC to search their data base for you.
If you are on the Treasury Department’s Specially Designated Nationals (SDN) list (which also includes individuals) you would not have gotten a check. Apparently you passed the screen the funds could be released to you.
Hoss, Many thanks for that. Most helpful.
The part that is confusing me is that I dont recall filling out the certification you mentioned. Maybe it was not requested?
My Zeek receiver website link said “no further action needed at this time” and so I, ofcourse thought to do nothing. but next to that was a button that states
“If you need to provide updated payment or tax information, please select the appropriate button below.”
As I live outside of USA, and dont pay income tax in the country I am in, I did not complete that. Should I have?
I’ve never accessed the claims portal. Perhaps, somewhere in the process you electronically certified the information you entered was true, or the OFAC scree, cert and release was accomplished without any action on your part and you were only being notified of that.
From what I gather, If you are on the SDN list you must make application for funds to be released. The likelihood this applies to you is extremely low. The list is on line and its surprisingly short.
I think so, yes. It don’ think it matters that you don’t pay taxes where you reside, because its US withholding based on an assumption that you could owe US taxes.
Many thanks Hoss. But why did they say ” no further action needed at this time” ?
Surely they would ask me to fill in tax info etc if that was important? They should surely have added – ” fill in the tax info?”
I am very angry with the receiver for not making it clear. ie if some official says “no further action needed” most people think they dont need to do anything.
I don’t know what the instructions may have said. If you followed them, have a valid claim and have provided an accurate mailing address it seems as if you should have been paid.
I agree that the whole OFAC/Tax information portion from the receiver website was a little unclear.
I live in the US and when filling mine out, I remember you had to read it really carefully and click something saying you were not wanting tax taken out. Thankfully I filled it out correctly and no taxes were withheld.
I helped 1/2 a dozen other fill out this portion on this and none of them had taxes taken out. For those in the US who missed this part of the claim process and had taxes taken out, you should make sure you claim that on your federal tax return so you get the credit for it.
Whether you get any of it back in a refund depends on your overall tax situation.
For those outside the US, I really have no idea how things apply to you in regards to whether you could have avoided taxes taken out or not. And I have not had anyone who knows what the heck they are talking about be able to shed any light on this.
The people I have seen outside the US have just been complaining about 30% tax taken out with no insight as to whether it could have been avoided or not. And I have seen no one comment on whether they have any way to get that back or not.
I do think the receiver website could have been designed a little bit better. I really hope that the receiver expertise lies in getting more money back from those holding out. I don’t know the history of scams being shut down by the government and how much percentage wise has been returned to the net losers.
I have got to think that 40% is pretty darn good though. I am not really expecting any more any time soon but if it comes, it comes.
I have never put in a claim – where do I do that?
From the receivershp website:
How do I submit a claim?
NOLINK: zeekrewardsreceivership.com/claim#2
I live in Australia and received a cheque today. Less a 30% withholding tax.
Surely this can’t be correct. This is money that is being repaid, not earned income. Who should I contact about this?
The Receivership issued the check, so I’d probably start with them.
Lesley, on the receivers website it says
Is this the reason you had tax deducted?
The receiver claim portal was very unclear as to who needed to enter tax info, and many did not enter tax info, or entered incorrectly.
There is an email address on the receiver website if you wish to contact them about this.
I’m in Australia , my claim was accepted but I’v recieved no check . Others in Australia have with 30% withholding tax subtracted .
Sais final claim accepted but no money
By all means contact the Receiver, but if the withholding has already been forwarded to the US Treasury you may be out of luck. In such an event you would need to file a US Tax Return for Year 2014 to claim a refund. Hopefully Bell has set up a contingency fund for this sort of thing and your check will come directly from him.
Hoss, I have emailed to the Receiver asking for options on how to get back the refund of the 30% withholding on Oct 16, because I’m a Canadian and the money being claimed is not my income earned from the US, but my own money invested on this ponzi schema. I haven’t received any response from the Receiver so far.
Just hope the Receiver has already set the fund aside to give them back to the victims or at least will post some explanations on this tax issue.
I still don’t understand why the Receiver took away the withholding from the none income sources.
Have sent three emails to the reciever without a response. Claim accepted but no check .
It appears to me that if you are an NRA,(non resident alien) that the Receiver had no choice but to withhold 30% from your US source income and you will have to file a US tax return to get it back.
The 30% withholding my also be due to FATCA reporting regulations:
cbiz.com/page.asp?pid=10872
Its characterized as US sourced funds and subject to US withholding.
Back in the day foreigners profited handsomely by rising real estate prices in the US. They often declared they were not subject to withholding, received their profit, but never filed US returns or paid any tax at all.
Mandatory withholding at the 30% level was instituted to address that inequity.
File US taxes, declare the distribution as return of capital and you should be able to recover what’s been withheld.
Good news folks! The Receiver Bell has posted the below message:
Meaning that we will be getting our 30% withholding back eventually which is nice.
but what does the receiver mean when he says “receive assurance”?
and what do they really mean with the phrase “first interim”? do they mean that there is going to be a second round of payments in the future?
Yes. From the Receiver’s website:
WooHoo! Come on Round 2! Thank you Mr. Bell!
When he gets a ruling or a written explanation from IRS that non-Nationals don’t need withholding (i.e. that 30%).
So all we have to do is wait until further notice? Or is there anything that we could/should do in the meantime?
So people are being sent checks for what they spent into zeekler? I am sure its not what they expected to earn right?
For some of what they invested. Not all.
And only those who didn’t make any money.
I have filed my claim on time and since I have filed it I get the same message that it is under review. The message has not changed since I sent the claim.
I have not received a check or received anything in regards to how much I might get back. I have also sent them a couple of emails and haven’t heard back from them. What do I do?
Stand under a rainbow. Swim with Dolphins…or just wait.
By now I am sure you not the only one sending emails and wanting updates.
As many people that have to be sent some form of refund I am sure if you put in your claim you will get something eventually. It might not be what you expect.
Paula, A zeek friend of mine had the same situation as you. He had not given the ok to the receiver for OFAC on the claims website.
You can check this on the website: cert.gardencitygroup.com/zrwdet/fs/home
There should be a button to click which give the receiver the ok for OfAC. Information about OFAC is given in an earlier message on here.
I am not sure if this will fix the problem, but you need to do this if you have not already done so.
I too have not received a check yet. I did get my final determination amount approved.
I don’t recall seeing anything about OFAC and there is nothing on the page regarding this, only tax info. Any help would be great!
I too mailed the receiver multiple emails without a reply…
OFAC is for net losers outside the U.S., a type of “anti terrorist list”.
Post #25 seems to have some relevant information. Posts #35 and #38 have some other details.
You must “accept” or “release” it (click a button / check a checkmark box or something similar), via the claims portal, if you haven’t already done it.
The information was found on the Receiver’s website zeekrewardsreceivership.com – update October 22 2014. It had a lot of other details, e.g. about tax forms. I tried to simplify it by quoting only the relevant part for that specific answer.
He won’t respond to emails, because of the huge number of victims. It would be too time consuming to respond to all of them.
Thanks for the reply M_Norway! I have read all the info you gave me mutiple times and understand it. I just can’t find this so called box to check via my claims portal. Only options it gives is for tax purposes.
I also emailed the OFAC and they have no idea, said it was a scam, so I am more confused. Thanks again!
Hello Amy, I,m as you. I can,t to check my claims portal, only options for tax and adress…
I,m very confused
best regards
javier
I filled out the proper paper work. Some friends have gotten checks.
I have gotten nothing. 12/30/14.
@Don
Have you received notification that your claim has been approved?
Any news on when the 30% tax witheld by the receiver will be paid to us zeek victims? The receiver must have informed the relevant tax authorities months ago that he was holding back 30% of zeek claims. Surely that decision does not take this long?
is theres any one that get an actully check back from zeek ? can you show me any check ?
I received my determination letter and it said that I needed to sign the release form and I did and it said it was approved but my check says not issued and I don’t understand why and I would like to know who I need to send an email to.
Keith Kiger
There has been 2 common reasons for why people haven’t received any checks …
1. Determination letter / release form (most common reason)
2. OFAC certification
I’m not familiar with any of them other than from descriptions when people have asked questions “Why haven’t I received any check?”.
RECORD DATES AND DISTRIBUTION DATES
Checks will usually be sent out 3 months after the claim has been approved (release form and OFAC).
* Record dates = last business day in each quarter (e.g. March 31, June 30, September 30, December 31).
* Distribution dates = last business day in the calendar month following a record date (e.g. January 31, April 30, July 31, October 30).
Source for that info:
ZeekDoc229.pdf ORDER granting 210 MOTION to Authorize First Interim Distribution, Establish Record Dates and Set First Interim Distribution Date.
– – – – – – – – –
COMMUNICATION WITH THE RECEIVER
He communicates through the Claims Portal by posting relevant info to the whole group of net losers.
He also communicates by sending emails to the whole group that haven’t received any checks. He won’t respond to any emails from individual net losers (he has only responded randomly to a few).
And third, he communicates through updates on the website zeekrewardsreceivership.com. You will need to check the February 5 2015 announcement (the one I quoted most of).
How can I find out if my check was in the bundle that was sent out on April 30?
I’m wondering because my check on receivers website says it wasn’t issued but my determination was approved.
No idea if there’s lag in the claims portal but I’d give it till at least the end of the month. If it still says your check wasn’t issued then I’d say it’s a safe bet it didn’t go out on the 30th.
No idea why, you’d have to take that up with the Receiver.
How are they sending checks out by abc order or by your state that you live in?
“Record date March 31 2015 → Distribution date April 30 2015“. You have interpreted that one correctly, as far as I can see.
We have only seen the court documents, but we have never seen a “live version” of the Claims Portal. So I’m not able to identify all the details.
1. From my understanding of it, people first registered claims between June and September 2013. They probably got a status message telling them them that the claim had been submitted, “to be determined”.
2. Then in early 2014 (April/May 2014 for some people) they received “Notice of Receiver’s determination of claim”, plus “Declaration and release”.
3. The next step was to sign and submit the “Declaration and release”. Most of the missing payouts seem to have failed here.
4. Some people in foreign countries received “OFAC certification” letters.
First Quarterly Report 2015 has SOME relevant information about claims.
I received my letter on May 8 it said I had 30 days from that date and I signed it on 4-29, it didn’t say anything about sending it back by 4-15.
so what do i do now i have sent emails to 3 different places and they will not respond to any of them Keith Kiger
They did not tell me i had to send the letter back by the 15 they said I had 30 days from the 8 now they will not answer my emails so what do I do Keith Kiger
How do i find out why my check wasn’t issued when they aill not answer me Keith Kiger
May 8: You received a letter, deadline 30 days. It’s probably a “last warning” type of deadline. You responded on April 29, but you received a letter anyway, probably because the database hadn’t been updated (you were still on a list).
April 15 is a different deadline. The normal deadline there was March 31, but he probably extended that deadline with 15 days.
You will need to check the status of your claim.
LINK: cert.gardencitygroup.com/zrwdet/fs/home
Please post the exact message for the status of your claim. I will need to google the exact message.
An alternative way to get meaningful answers is to check the local online newspare in Charlotte, NC → ZeekRewards related articles by Nash Dunn.
Example:
the-dispatch.com/article/20140120/News/301209992
He communicates directly with the Receiver from time to time, and he’s very familiar with the whole story. I have already checked that source, but I didn’ find much relevant information there now.
To get relevant information, people must normally offer some relevant information themselves.
They say I did not put in a claim. I did. And, I received a letter stating my initial investments.
I sent an e-mail stating this………… does this mean I am completely out?
If you put in a claim you should be able to access it through the claims portal.
If it’s not there, what you think you claimed wasn’t done properly.
I did received the first partial distribution payment cheque of September 30th 2014, but to-date have not yet received the 2nd distribution payment cheque for the April 30th, 2015.
My understanding was that those who received their 1st distribution payment of September 30th, 2014, their next distribution payment will be on April 30, 2015.
Please I need your advise and clarification on this. Thanks.
Wasn’t the second round for people who missed out on the first?
Mr. Oz, I did not fully understand your response to my question. ” For clarrifactions, I did not miss out on the first distribution.”
I did received the Ist round of distribution payment for the September 30th, 2014, however I understand that the next follow-up of distribution payment for those who received the 1st distribution payment of September 30th, 2014 will be April 30th, 2015 which I have not yet received it till now.
I am trying to find out when the next distribution payment will be for those who already received the 1st distribution payment of September 30th, 2014.
Thanks.
Anxiously waiting for your response in this matter for the next distribution payment date. thanks.
The first distribution was 40% recovery (“Rising Tide” method).
Time for the next one will depend on results of lawsuits, e.g. the class action lawsuit against 9,000 net winners in the U.S.
The Receiver is still paying out funds related to the first distribution. Nearly 50,000 net losers had some missing details.
It can easily take more than a year between first and second distribution. It can take several years too in some cases, e.g. the Madoff case.
The first distribution took 2 years 2 months (August 17 2012 → October 30 2014). I don’t think you will see any second distribution in 2015, but you will probably see it in 2016.
No worries William. I’m going off memory here but the April payment was for people who missed the initial wasn’t it?
No second payment date has been announced yet.
This might be what you’re looking for:
the-dispatch.com/article/20150618/news/150619982
The Receiver’s website has been updated too.
They will produce some “How to do” instructions.
If anyone still follow this thread, and are still having problems with “Release / OFAC” (after they have seen the instruction video from the Receiver), then a link to that video can be found in a different thread.
behindmlm.com/companies/zeek-rewards/zeek-receiver-to-make-second-payment-to-victims/#comment-341911
Move the discussion to that newer thread?
I have already received my first artial interim distribution and am looking forward to receiving the second partial interim distribution. I already have an Allowed Claim (obviously).
Do I still have to electronically sign and submit the Release and OFAC certification through the claims portal? Or is that just for “new” claimants?
Thanks for everyone’s help and I am thankful for this website.
No. The instruction video was meant for those tens of thousands having problems with those documents. You should only check the status from time to time. The next distribution date should be July 31 2015.
“Proceed with claim completion process” button wasn’t visible for one claimant. He had no problem understanding the video, but the button simply wasn’t there. He hasn’t reported back yet.
THE “RELEASE / OFAC” PROBLEM
I have identified the “Release / OFAC” problem to most likely be about a system error in Garden City Group’s database, in the stored values for completion of those forms.
I’m not sure I have identified it correctly, but all the evidence indicate some “system errors” (between online and offline systems).
THE CAUSE OF THE PROBLEM
I believe they have two systems to organize the claims.
* One system is the Claims Portal, where claimants could file claims, and where they can update personal information and tax information, and where they can check status of the claim. That system has probably some incorrect values stored for whether “Release / OFAC” has been completed (value = “completed”).
* The other system will handle distributions of funds and emails to claimants. That system seems to have correct values stored (value = “not completed”).
HOW IT LOOKS LIKE TO CLAIMANTS
The Claims Portal incorrectly reports that “everything is OK”, disabling the button for “Proceed with claim completion process”. The button simply isn’t there.
Emails to the Receiver “I can’t find those documents” will result in a reply like this:
They won’t receive any distributions either. They will only receive emails telling them that they haven’t completed the process, “specifically Release and OFAC certification”.
One of the affected claimants have now sent an email pointing out the potential system error, identifying it more clearly.
behindmlm.com/companies/zeek-rewards/zeek-receiver-to-make-second-payment-to-victims/#comment-342082
THE LOGICAL REASONING FOR “SYSTEM ERROR”
When people get two completely opposite messages from the same source, then the source must be the cause of the problem. In this case it means the information system more than the people.
One part of the system is organized by Garden City Group, an online system. The other part is organized by the receiver team, an offline system.
I sent out some more emails stating the issues that others including myself are having with no replies.
I also have been going back into the claims portal to check for updates but, no changes. Maybe time to talk to the local reporters that you mentioned?
It may be easier to discuss in the newer thread (link in post #79). That article will be easier to find.
The reporter I talked about is Nash Dunn, the-dispatch.com, the local North Carolina newspaper (link to one story in post #77). He has covered ZeekRewards since right before the shutdown in August 2012, i.e. he’s familiar with the whole story / interested in the story.
He will usually do his own research. That includes talking to the Receiver. He can probably be interested in some information.
The information you may have to offer is your own story, e.g. email communication you have received (as background info). You also have the instruction video, and that you have had other people looking into the problem independently.
You will NOT need to offer all that. I just tried to get a quick overview.
He’s primarily focused on the local market (around Lexington or Charlotte or what district he cover), but if 50,000 claimants were affected then there’s probably some affected ones in North Carolina too.
MY SUGGESTION
Focus on the main problem = those 50,000 claimants, e.g. refer to his June 18 2015 story.
Offer an explanation for WHY people have problems with those forms. You can use your own explanation.
– – – – – –
What I tried to do here was to identify “which reporter?” briefly, to make you familiar with who he is, which newspaper he works for, “local focus”, etc.
I tried to look into what you potentially could have to offer, but I don’t think that will be necessary.
The initial focus should be on the main problem, not on your personal one. The personal one is more useful for the details, e.g. “the reason why I haven’t managed to fill out ‘Release and OFAC’ is because the button is missing” (plus other details).
I also tried to identify a relevant story. You can simply try to add some relevant info to a story they already have covered.
– – – – – –
Zeek was a big case in North Carolina, and local people are still interested in the story.
Here’s how I have identified the problem. I’m not a computer expert, so I will use rather general descriptions that should be relatively understandable for people familiar with “computer language”.
I have seen the instruction video. It shows the online Claims Portal, the “Claim Status” page. I have identified the Claims Portal to be an online system (to separate between online and offline systems).
THE ONLINE SYSTEM
The Claim Status page has 2 or 3 status messages.
1. Claims Status
2. One “main status” = where the problem is visible
3. Distribution Status
Status messages will normally be controlled by stored “values” (“values” can be anything from bits to bytes etc.). The use of the term “value” simply means that people familiar with programming language must identify it themselves.
Wrong value in the online system will result in wrong main status message, and the button “Proceed with claim completion process” will not be available. The claimant will be unable to complete “Release form” and “OFAC certification”.
THE OFFLINE SYSTEM
That system will handle distributions of completed claims, plus emails to the incomplete ones. That’s the two relevant parts I have been able to identify.
Online system / offline system send out completely opposite messages.
* Online system: “You have completed all necessary steps”
* Offline system: “You haven’t completed the claims process” (email)
Shawn can probably refer to the exact messages. My description was from memory.
The instruction video was actually a qualified attempt to find a solution to the problem. Someone has tried to identify the cause of the problem first before putting up one potential solution to it.
The reasoning used there …
1. problem identification = “nearly 50,000 will not receive distributions”
2. cause of the problem = “they have not completed the process”
3. solution = “we will post an instructional video” + “I implore everyone to promptly complete the court required process”
To solve this …
They must return to point #1 “problem identification”. The logical reasoning used there is incorrect. What they are looking at there is the RESULT of something.
A MORE COMPLETE DESCRIPTION OF THE PROBLEM
01. “The court ordered process will require”
02. “claimants to electronically sign release / OFAC forms”
03. “that are available through the claims portal” → → → WRONG
04. “before they can receive distributions”
– – –
05. “50,000 claimants have not completed that process”
06. “so they haven’t received any first distribution”
07. “nor will they receive a second one”
08. “they must complete that process first”
– – –
09. “Many claimants have asked for personal assistance”
10. “we will publish an instruction video”
11. “available through the Receivership website”
12. “and we encourage people to complete the process promptly”
– – –
13. “If they fail to complete the process”
14. “the day may eventually come (near the end of the receivership)”
15. “where they will be cut off from the right to receive distributions”
CURRENT CAUSE OF THE PROBLEM
I have detected one wrong condition in point #03. The Release and OFAC forms should have been available there, but something has failed.
THE MOST COST EFFECTIVE SOLUTION
Amend the Court Ordered Process mentioned under point #01, if that method can be seen as “legally acceptable”.
It’s not the legally most correct solution, but it can clearly work.
It will be legally acceptable if someone can prove that there actually is a problem in the claims process, and that the problem can’t be solved within reasonable time (“people affected by that problem will be unreasonably harmed”, etc.).
THE MOST LEGALLY CORRECT SOLUTION
Respect the Court Ordered Process (points #01 and #02), but try to correct the Current Cause Of The Problem in point #03.
If it can’t be corrected there, look for “walkaround solutions”.
But start already here to accept my first solution, the most cost effective one. It should probably be seen as “legally correct” sooner or later.
ADDITIONAL NOTES
The instruction video in point #10 seems primarily to be a solution to the symptom in point #09. “Multiple emails from affected claimants” is simply a SYMPTOM of something.
The best solution will normally be found high up in the list, “where one simple correction will solve the prblem for the many”.
The operative term here is “legally acceptable”. A solution should first of all be legally acceptable = acceptable for all the affected parties, and acceptable for the court (the whole system of courts).
BACKGROUND
ORDER Approving (1) Claims Process, (2) Bar Date, and (3) Notice Procedures was signed on May 8 2013 (ZeekDoc144-main.pdf), based on the Receiver’s Motion from March 29 2013 (ZeekDoc138-main.pdf).
The “Declaration and Release” form CAN be bypassed on an individual basis by simply sending in the same information. But that’s a complicated and costly solution.
The Receiver has asked for those conditions himself …
ALTERNATIVE SOLUTION (TOO COMPLICATED)
People could simply copy the relevant parts of Zeekdoc138-5.pdf = page #2 and #3, fill in the missing details, and send it in electronically as a pdf.
Missing details:
It doesn’t make much sense asking 50,000 people to solve it that way, so it won’t make any sense for one person to try it either.
It can be useful as a part of a different solution, e.g. it can be used to illustrate that available “walkaround solutions” will be far too complicated to use, that there really is a need for a simplified solution.
“INTERESTING POINT”
The Receiver used the term “The Receiver is authorized to obtain the release attached hereto”, not “the law require such forms”. It means that he CAN accept other solutions (he can’t claim he has been “instructed by the court” or that the law forces him to request those forms).
@Shawn
The “More complete description of the problem” in post #86 can be used to communicate it to the Receiver.
It started from a “How THEY see it” perspective and pointed out exactly where it fails.
It covered all the major points from the June 18 update from the Receiver.
I only rearranged the statements a little, made them more logically ordered for “problem analysis purposes” (long sentences were logically divided into “elements”). I also tried to make some elements shorter.
If it fails in point #03, “available through the claims portal”, the rest of it will fail too. It will be impossible for any of the 50,000 claimants to complete the process. People can’t be expected to be able to solve it either.
You can prove that it fails there = attach a screenshot from your Claim Status page. Offer them to use your account to check that it actually fails there (if they need login details, offer to give them that).
ALTERNATIVE METHOD (recommended)
Use the exact message from the June 18 update.
The MAIN reason is that they are not available through the claims portal, and we can’t expect people to sign something that isn’t there.
I will recommend the “exact words” method. Communicate THEIR message first, because it will be easier for them to recognize it if you use the exact words.
Proper communication is based on ideas like that.
I was wondering if you guys got your checks that was sent out on July 31?
I still haven’t received mine and when I check receiverships website it still says my check hasn’t been submitted and they haven’t sent me anymore emails, and I would like to know if I am ever going to get my check.
Mike got his check a few days later.
behindmlm.com/companies/zeek-rewards/zeek-receiver-to-make-second-payment-to-victims/#comment-344321
Hi Keith,
Yes, I did get my 2nd check on Aug 4. Thanks to Kenneth Bell for the great job he’s been doing.
Relevant Receivership update.
I have also checked the Status Report from the Receiver, second quarter 2015 (Section G, page 12).
Jan 31: more than 50,000 claims had missing documents
Apr 30: 44,000 claims had missing documents (reduction 7,900)
Jul 31: 35,400 claims had missing documents (reduction 8,600)
So emails and video have actually helped 16,500 people to finish the claims process. It indicates that there may have been more than one type of problem, i.e. Shawn’s problem may not be typical for the whole group of “missing documents”.
I still haven’t received my check and it still says check not submitted o receivers website I have sent dozens of emails to zeek rewards receivership and they still don’t answer
“Dozens of emails” won’t do anything good. It will only clog up the system.
The Receiver has communicated that 9,394 claimants will not receive the second distribution because the amount is lower than $100. They will receive a third or a final distribution.
How much did you expect to receive in the second distribution?
* More than $100 = some other error, they will most likely detect a problem
* Less than $100 = normal situation
The Receiver team generally seems to be slow when it comes to “detecting and identifying a problem correctly”.
My check is suppose to be for $159.00 that is what is on the receivers website I never received any checks yet
I am writing to inform you that the 2nd distribution cheque of 60% you sent to me on July 31st 2015 is totally wrong and incomplete.
My total allowed claim amount was $5300.00.
1) The 1st 40% distribution that I received on sept 31st, 2014 was $2120, leaving a balance of $3180.00 representing the reminder of 60%
2) However the 2nd 60$ distribution cheque of July 31at 2015 that was sent to me was Only $1060.00 instead of the $3180 balance.
Please the balance of the 60% distribution amount still outstanding to be paid to me is $2120.00.
Please investigate this serious mistake and send me my balance of $2120.00 remaining to complete my 60% distribution claim.
Thanks
The TOTAL distribution so far is 60% (Rising Tide method)
1st distribution = 40% = $2120
2nd distribution = 20% = $1060 = correct
you might want to send this to someone that can actually do somethig about it.
You have received a total of 60% of $5300. Just what you should have gotten.
Thanks for your responses. I really want to get proper clarisfication on these interim payments. Well if I receive the 60% of $5300.00 which is
1) 1st distribution payment of 40% = $2120
2) 2nd ” ” of 20% = $1060
Total ” ” = $3180
then happen to the balance amount of $2120
Please When is the 3rd distribution payment will be. is it October, Nov or Dec. 2015
thanks
You’re in the wrong place for accurate information about the Zeek Rewards receivership, William.
You need to go to zeekrewardsreceivership.com/ to keep updated with the current situation
Hi William,
We were never guaranteed to receive back ALL the money that we lost in this Ponzi. We can only receive what the Receivership was able to retrieve from the bad guys.
If there is a 3rd distribution, it won’t be for the remaining 40%. It will be for whatever the receiver has remaining in the distribution account.
It would be great to recover 100% of what we lost, but that’s not possible. I’m thankful to Ken Bell for the hard work he’s done to allow us to receive even the 60% back. That’s an amazing accomplishment.
All the Best,
Mike
Here is the Original that they sent me on April 8 2015 FROM (Ozedit: email address removed)
I accepted the Claim Determination and I signed the forms and sent them in on 4-26 I don’t know why I gotoverlooked but I would like some answers