If you are a victim in Ponzi scheme under receivership, you MUST file a claim BEFORE the deadline!

A lot of ponzi schemes were caught by authorities and assets seized so the victims can be repaid.

• ZeekRewards Receivership has sent out hundreds of thousands of checks for hundreds of millions of dollars. All victims with allowable claims have received funds for at least 75% of their losses. 

This was a huge ponzi involving almost a billion dollars and a million victims. And this was one of the most successful repayments by the receivership.

But notice the term:  All victims with allowable claims

That means victims who filed all the proper paperwork proving the amount of their loss and other requirements.

Victims who did NOT file the paperwork will probably NOT get anything.  And one case that was adjudicated September 2017 illustrated this clearly.

News update 13-JUN-2014 (Friday!): TelexFree Faith Sloan plays dumb and begs for money; Solavei goes Chapter 11 Bankruptcy;

Remember, folks, get your news from a trusted news source, like I do. I don't relay unconfirmed information, and neither should you.


Faith Sloan Plays Dumb and Begs Court to Release Money; SEC says "No Way"

Faith Sloan, one of the "TelexFree 8", has filed a motion on 10-JUN-2014 asking court to release about 18K to pay expenses such as lawyers, rent, and food.

However, this is specifically against the injunction that froze her money in the first place. SEC and the judge that issued the freeze has specifically stated that no "carveout" ( i.e. taking money from accounts that contains money that may be tainted by the fraud) will be allowed if the account owner does not declare his/her assets. Thus far, Faith Sloan has refused to declare her assets as she claimed doing so may incriminate herself (i.e. "plead the fifth").

SEC has also long documents that detailed her multiple violations of freeze order, including:

1) Paid $14854 to "Changes Worldwide" another suspect scheme on 24-APR-2014
2) Paid $3990 to "Changes Trading LLC", which is a part of Changes WorldWide, on 28-APR-2014
3) Wired $30000 to her attorney on 7-MAY-2014
4) Transferred her house deed to her mother on 12-MAY-2014

And here she comes asking the judge to release more money to pay rent... to her mother, whom she just gave her house to. AND another $18000 to her attorney.

Hahahahahaha.

BREAKING NEWS: TelexFree Bankruptcy Will Be Moved to Massachussetts

It was just announced (about 30 some minutes ago) Judge Landis of Bankruptcy Court in Las Vegas Nevada has decided to move the case to Massachusetts.

http://www.ponzitracker.com/main/2014/5/6/court-suspends-telexfree-bankruptcy-grants-motion-to-transfe.html

Judge cited many reasons, essentially concluding that the ONLY thing tying TelexFree to Nevada is a mailbox and a piece of paper filed with Nevada. EVERYTHING that had something to do with the company, such as HQ, staff, equipment, assets, and so on, are in or near Massachusetts. Even 10 of the top 30 creditors are in Massachusetts.

Judge did not rule on motions such as which parts of temporary restraining order conflicts with the automatic stay (part of bankruptcy) or the US Trustee's request to have a special trustee placed to oversee the bankruptcy rather than TelexFree personnel (such as Runge and MacMillan).

Stay tuned to MLMSkeptic blog, BehindMLM, PonziTracker, and/or PatrickPretty websites for more updates as they become available.

UPDATE: News now confirmed by Boston Globe

http://www.bostonglobe.com/business/2014/05/06/las-vegas-bankruptcy-judge-will-send-telexfree-case-back-massachusetts/KAo3EqqIOmcfFYGGnjioNP/story.html