Payza settles $13.1 mill Zeek clawback with consent judgment
Payza, one of the three parties the Zeek Receiver is pursuing over a $13.1 million clawback, has agreed to a consent judgment for the full amount owed.
The signed consent judgment sees Payza (dba M.H. Pillars) ‘enter into a final Consent Judgment in the amount of $13,174,015‘.
Payza has represented to the Receiver that ‘they are not able to pay the full amount owed to RVG and claimed by the Receiver‘.
Thus the Receiver’s right to continue pursuing clawback for the same amount against VictoriaBank, PaymentWorld and Roman Balanko are preserved in the settlement.
If I’m understanding correctly, Payza is essentially transferring its interest in the $13.1 million to the Receiver.
Payza thus gets out of the lawsuit (they’ve got bigger things to worry about), and the Receivership has one less defendant to engage.
On March 28th Judge Mullen approved the proposed settlement with Payza, the day after it was filed.
Clawback litigation over the seized $13.1 million in one of VictoriaBank’s accounts continues.
In related news Kenneth Bell, the current Zeek Receiver, has nominated Matthew Orso as his replacement.
Bell has been nominated for a District Judge appointment in North Carolina, which is pending a vote for confirmation.
I wonder if they used the balances they been withholding from us since last year when the payza site was taken down.
Not likely. This is basically Payza relinquishing interest in the seized $13.1 mill to the Receiver.
If Payza wins its lawsuit against VictoriaBank/PaymentWorld that money will go to the Receiver. Alternatively the Receiver will get the money by prevailing in its own litigation against VictoriaBank/PaymentWorld.
Thanks Oz, any insights on other trouble payza has and how we can get our money out? Hoping this time they will not be allowed to just rebrand.
The DOJ action is still playing out. Can’t really say how that’s going to go at this stage.
Looks like the Patel brothers done something bad in Denmark also!
Only after the visit of the Supervisory Authority did the Copenhagen Andelskasse stop the cooperation with the Payza, whose owner has been in the authorities’ spotlight for several years.
16 times in half a year until February 2018, the money laundering alarms in Copenhagen’s Andelskasse.
Patel has recently changed the name of Damaras Ltd to PERIDEA LIMITED.
Damaras Ltd was the “servicing” company for Payza (MH Pillars LTD).
I just recently heard about the current situation of Zeek Rewards.
Is there any way to submit a claim now, or was it only possible before September 5 2013?
Not what you want to hear but you’re ~5 or so years too late.
Hello! I have been one of all the users affected by Payza. In my case I had a big quantity of money on my wallet.
Can you recommend me what to do? Wait? Demand them? What are the odds to recover the money?
The funds are frozen because the DOJ shut Payza down. This has nothing to do with the Zeek Rewards clawback.
Your best bet is getting in contact with the DOJ.
Hello, I am also a victim of ZEEK rewards at that time paid $ 1000 in my account at Zeek was then $ 10,000 only now I have found out that you can sue.
it is still possible and who has experience.
If you’re referring to filing a claim with the Receiver, that ship sailed eight years ago.