Zeek Rewards: Judge Mullen Issues Order Granting Time Extension To File Claims For Certain Affiliates

Judge Mullen has issued the following Order:

IT IS ORDERED, ADJUDGED AND DECREED as follows:

1. The Motion is GRANTED.

2. The Bar Date for Claims established in the May 8, 2013 Order Approving (I) Claims Process, (II) Setting of Bar Date, and (III) Approving Notice Procedures (the “May 8 Order”) is hereby extended to December 1, 2013 only for (i) affiliates whose financial institutions pay the Receiver on or after August 1, 2013 for stopped payment instruments and are thereafter charged or debited by their financial institutions for these items, and (ii) financial institutions seeking to file a subrogation claim on behalf of their affiliate customers after paying stopped payment instruments to the Receiver on or after August 1, 2013.
3. All Claims Submission Forms relating to payments made to the Receiver on or after August 1, 2013 for stopped payment instruments must be filed so that they are actually received by 11:59 p.m. (prevailing Eastern time) on December 1, 2013.


6. The Receiver is authorized to take all actions necessary to effectuate the relief granted pursuant to this Order in accordance with the Motion. The Court retains exclusive jurisdiction with respect to all matters arising from or related to the implementation of this Order.
7. Except as expressly modified herein, all other provisions of the May 8 Order remain in full force and effect.

You can read the full Order here:  ZeekDoc161

From BehindMLM: i-Payout defend handling TelexFree ewallet money

 


 i-Payout defend handling TelexFree ewallet money

Oct.24, 2013 in TelexFree 1 Comment

telexfree-logo

Following weeks of commission delays for non-Brazilian TelexFree affiliates just over a moth ago, ewallet provider Global Payroll Gateway (GPG) abruptly announced that they could ‘no longer support TelexFree‘.

The announcement was made in mid September, with GPG informing TelexFree’s affiliates that International Payout Systems (i-Payout) would be taking over the supply of ewallet services to TelexFree.

No official reason was given for GPG’s dropping of TelexFree, however on their website GPG state

GPG maintains strict accordance with the USA Patriot act and a wide variety of other international financial regulatory and banking regulations.

GPG is very careful to follow all international regulations and laws concerning Anti-Money Laundering, Identity Protection and Payroll in general.

TelexFree is currently under criminal investigation in Brazil, with pending charges of money laundering and embezzlement being touted by Public Prosecutors.

About a month after my article on GPG dumping TelexFree went live I received an email from i-Payout, with the company wishing to clarify a few things.

In addition to informing me that I’d used the wrong domain to calculate their comparative size to GPG, i-Payout also insisted that they had

done a complete due diligence on TelexFree, assessed its needs, and confirmed the product as compliant with all US laws.

“Complete due diligence” you say? Go on…

[Read the rest of this entry…]