Feels like only yesterday we went through the
Zeek Receiver’s 4th quarter 2014 fees and expenses report
, with new updates now provided in the Receiver’s First Quarter Status Report for 2015.

Most of the information we’ve already covered in our ongoing coverage throughout 2015, which can be accessed via
BehindMLM’s Zeek Rewards archives
(articles written between Jan 01 and March 31st, 2015).

Below you’ll find a breakdown of new information and updates provided in the Receiver’s latest report.

Funds collected by the Receiver

During the first quarter of 2015, the Zeek Receivership collected $1,577,043.06 ‘
from settlements with non-affiliate third parties
‘.

As to net-winner affiliates, no additional funds were collected (via litigated settlements or otherwise), however the Receiver did have ‘
discussions with various Affiliates regarding pending netwinner litigation.
‘

As to net-winners who haven’t yet been sued and think they might have gotten away with it, bad news:

The Receiver expects to file lawsuits against foreign net winners in additional countries during the second quarter of 2015.

Which countries the Receiver decides to target have yet to be disclosed, but we’ll be sure to cover it as additional clawback litigation is filed.

Net-winners aside, funds were recovered from financial institutions who had incorrectly cancelled checks made out to RVG post SEC shutdown.

$520,250.00 into the Affiliate Account from payments from various financial 
institutions relating to previously dishonored cashier’s checks, teller’s checks, official checks, and bank money orders.

Four additional claims are in the process of being resolved, and EBCM anticipates that this will result in a recovery of $74,941.00 during the second quarter.

As to financial institutions who are refusing to cooperate, the Receiver has reports that litigation against these institutions is expected to be filed this quarter.

As of March 31, 2015, EBCM was working thirty-one active claims against financial institutions currently valued at $310,261. The thirty-one remaining claims are at an impasse and require litigation activity for collection.

EBCM filed a motion seeking an order to show cause or turnover Receivership Assets against the financial institution with the largest outstanding claim, and it anticipates this claim being resolved during the second quarter.

Similar proceedings on remaining claims relating to outstanding and dishonored cashier’s checks and other instruments are planned for the second quarter.

Payment Processors

Issues with Payza, Payment World, Solid Trust Pay and Cyber Profit have continued throughout the first quarter of 2015, with litigation looking to be the likely solution.

The Receiver Team is continuing its investigation and pursuit of outstanding funds from Payza, Payment World, Solid Trust Pay, and Cyber Profit.

With regard to the outstanding Receivership Assets from Payza and/or Payment World, the Receiver Team issued a demand to Pa

🤖 Quick Answer

What funds did the Zeek Receivership collect during the first quarter of 2015?
During Q1 2015, the Zeek Receivership collected $1,577,043.06 from settlements with non-affiliate third parties. No additional funds were obtained through litigated settlements involving net-winner affiliates during this period, though receivership operations continued pursuing various recovery channels.

What reports are referenced in the status update?
The report references the Zeek Receiver's 4th Quarter 2014 fees and expenses report and the First Quarter Status Report for 2015. Previous coverage of related developments is available in BehindMLM's Zeek Rewards archives, containing articles published between January and March 2015.

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