Zeek Receiver: OFAC deficient claims will be purged after Dec 31st
If you’re a Zeek Rewards victim and have yet to file OFAC certification, you might want to get a move on.
In an update published on October 5th, the Zeek Receiver has advised claims without an attached OFAC certification and release will be purged after December 31st.
For reasons that completely escape me, over 41,000 outstanding claims have still yet to have an OFAC certification and release filed.
Currently funds to pay out these claims have been held in reserve. If the Zeek affiliates who made these claims fail to provide the requested documentation by December 31st however, the Receiver advises
the funds held in reserve for the forfeited claims will be released from the reserve for payments to claimants with allowed claims in this case.
Additionally the claims themselves, subject to approval by the court, will be deemed forfeit.
Good news for affiliates with existing claims as they’ll get more back, but I’m at a loss how over 41,000 affiliates have failed to provide simple documentation.
It all long term ponzi players who havent declared any of the $ on their taxes.
They dont want to “open the door” to the taxman taking a long look at their accts.
So why file a claim to begin with?
I’m thinking it’s more to do with who they associate with. Here is the wording of a certification:
webcache.googleusercontent.com/search?q=cache:V_j24RqZIUkJ:portal-redirect.epiq11.com/LBI/document/GetDocument.aspx%3FDocumentId%3D2501159+&cd=17&hl=en&ct=clnk&gl=us
Short term failure to think big picture?
Over 41,000 failures but?
I believe there are a few of reasons why. But first let me say it has nothing to do with them not declaring this on their taxes. These are claims by people who lost money in Zeek. There is no tax issue for those who lost money in this.
I think a lot of these folks are or were under the impression that they could file a claim but did not realistically think they would get anything returned to them so they have basically moved on and really have no clue what is going on in regards to this additional information that had to be filled out. And that part I blame on the receiver as they really did not design a good website at all.
I will throw out there that many people who were in Zeek were out of country and literally do not understand what they need to do.
I also think that the nature of Zeek was people were helping others and literally getting things set up for others. I personally helped 4 or 5 people. And I also helped file the claims for those same people so they could get some money back.
There was one guy who I met through a facebook group that asked me for help because his friend had filed the claim and he does not know the password.
I tried helping him to get the password and/or email reset but he just never followed through on what I was trying to tell him to get it figured out. Then he would email me a couple months later crying about wanting some help and then not respond for a couple of months.
Finally after 3 or 4 times doing this I told him to pound sand because he just was not listening to me.
It was an easy fix I am sure. I really do not think he was all that interested in really getting the money back.
It really is too bad.