RECEIVERSHIP ANNOUNCEMENT – May 19, 2022

The final distribution has been completed, and the Receivership is now administratively closed. On Wednesday, January 19th, we sent out over 121,000 distribution checks, which provided an additional $14.3 million to the victims of the ZeekRewards Ponzi scheme. The 120 day expiration period for those checks has now passed, and no further distributions will be made. If you received confirmation from the Receivership team that a reissued check is being sent to you, please look for its arrival in the coming weeks. No further requests for replacement checks or wire transfers can be accepted at this time.

I have received thousands of calls and emails over the past several months regarding requests for distributions and reissued checks. While I would like to be able to respond to each of your messages, with over 129,000 claimants, I have been unable to respond to individual communications regarding distribution-related questions. Please note that as of this update, the Receivership is closed, and there will be no further responses to distribution-related communications.

With this final distribution, we have returned a total of $371 million to the scheme’s victims. Claimants with allowed claims have received an 84% recovery of their losses. I am proud of the Receivership Team and its diligent work that has provided such a robust return to the claimants.

Sincerely,

Matthew E. Orso
Successor Receiver