Zhunrize Receivership winds down
The Zhunrize Receiver has filed his sixteenth and final status report.
A December 19th motion also seeks to close the Zhunrize Receivership and discharge the Receiver.
The Zhunrize Receivership managed to recover $46.5 million. As of August 2018, $41.2 million had been returned to Zhunrize victims.
After distribution to Zhunrize victims, fees expenses and estimated closing costs, $2.7 million remains.
These funds will be remitted to the SEC “pursuant to the Final Judgment as to Defendant Jeff Pan”.
Jeff Pan, Zhunrize’s owner and operator, was hit with a $35.5 million dollar final judgment last month.
Pending granting of the Receiver’s motion, the Zhunrize Receivership will destroy any data collected and close down.
BehindMLM reviewed Zhunrize back in December 2013, correctly identifying it as a Ponzi scheme.
The Receivership closing down will also mark the end of our rolling six-year Zhunrize coverage. Thanks for reading!
please help me. I certainly invested in zunrise,
I didn’t get a penny back for using Z-Cash in the Recycle. This is so unfair.
After distribution to Zhunrize victims, fees expenses and estimated closing costs, $2.7 million remains. but they did’t refurn anything other Victims.
Uh, if you didn’t file a claim that was approved it’s over. It was over years ago.
You can say you invested but if you couldn’t prove it on paper then that’s that.
Hell even if you could prove it on paper now it’s over anyway now by a few years.
No, I’ve already made a claim. The Revership said that I opened the account with a z-cash and they couldn’t compensate.
However, at the time of registration, Z-Cash was recognized by the Zhunrise head office, and if I received a receipt from the Zhunrise head office, Revership should pay the rest of the money to the other victims.
“$2.7 million re-mains”
If the Revership completes its reparations without returning the rest of the money, then it is a scam like Zhunrise. That’s the point.
Z-Cash is addressed here – https://behindmlm.com/companies/zhunrize/zhunrize-receiver-gearing-up-to-return-44-million-to-victims/
You didn’t invest in Zhunrize, you invested with a third-party. Sorry for your loss.