A Fourteenth Status Report has been filed by the Zhunrize Receiver, revealing that the victim claim process will wrap up this quarter.

To date the Receivership has returned $41,228,972 to Zhunrize victims, most of whom are from Asia.

As of June 30th, 2018, $282,124 worth of checks have been undeliverable, with an additional $14,460 in six checks issued in the second quarter outstanding.

The Receiver has made multiple attempts to contact these victims to obtain correct delivery addresses but has been unsuccessful.

To that end, the Receiver will cease further attempts to deliver these distributions.

The Receiver does not intend to reissue any of the 6 distribution checks currently outstanding.

Thus the claims distribution process will wrap up by this quarter.

The only other task the Receiver is still pursuing is
litigation against Todd Spencer
.

Spencer, a Zhunrize insider, believes he’s entitled to keep over $350,000 in stolen investor funds.

The Receiver’s clawback lawsuit against Spencer is still playing out. After that’s resolved, we’ll likely see the Zhunrize Receivership wind down.

Update 16th May 2019 – 
Todd Spencer has
reached a clawback settlement
with the Zhunrize Receiver.

🤖 Quick Answer

What is the current status of the Zhunrize victim compensation process?
The Fourteenth Status Report confirms that the Zhunrize Receivership has distributed $41,228,972 to victims, predominantly from Asia. The claims process will conclude this quarter, with outstanding checks totaling $296,584 remaining undeliverable despite multiple contact attempts by the Receiver.

Why will the Receiver cease distribution attempts?
After making multiple unsuccessful attempts to contact victims for correct delivery addresses, the Receiver determined further efforts were unproductive. Consequently, the six outstanding distribution checks totaling $14,460 will not be reissued, allowing the claims distribution process to formally conclude.

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