my friend from europe received it via bank transfer too, im still waiting
in which currency? I mean if you have an EUR account , the bank should make the conversion in your local currency.. I think... 
Topic: Poloniex Fair Fund notice - page 3. (Read 2693 times)
my friend from europe received it via bank transfer too, im still waiting
Finally today I received a payment. Sender is "POLONIEX FAIR FUND" I received it via bank transfer. Surprisingly amount is %27 more than specified "Recognised loss"
US?
Finally today I received a payment. Sender is "POLONIEX FAIR FUND" I received it via bank transfer. Surprisingly amount is %27 more than specified "Recognised loss"
Cool. Can't wait for PayPal to freeze my account for "uncommon / suspicious activity" (because who would not expect criminal or deceptive practices when you receive payment from the US Govt 
), so I can dig through whatever loads of bullshit they throw in my way and if everything works out, I may eventually access those funds before inflation reduced them to a slice of bread. ^^
Cynicism aside, I'm glad we're making progress.
), so I can dig through whatever loads of bullshit they throw in my way and if everything works out, I may eventually access those funds before inflation reduced them to a slice of bread. ^^Cynicism aside, I'm glad we're making progress.
The payment was officially approved on November 26th, it was 10 days, if I take the upcoming holidays out, it was 25 days late. We are happy too, anyway, it will probably be paid within a week, thank God.
I can confirm that!
If this is genuine, then this is good news.
"Dear claimant,
Yes, please note we are currently preparing for the distribution to go out. Payment should got out soon."
Yes, please note we are currently preparing for the distribution to go out. Payment should got out soon."
I have asked whether there is everything ok with my claim, got this response yesterday:
Quote
Hello,
No payments have been made yet and we do not have a set date of distribution; our goal is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
No payments have been made yet and we do not have a set date of distribution; our goal is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
No news yet I guess
"end of the year, early January, January...." strange uhh? they think we are idiots..
Oh well... almost feels like "home", business as usual in Cryptoland. Seems the Normies™ start taking a leaf out of our book
Hello,
No payments have been made yet and we do not have a set date of distribution; our goal now is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
They were going to make the payment at the beginning of January, now it's January. This is a really annoying situation, everyone, please write an e-mail, claim your rights, the fund manager does not comply with the payment plan, complain to the SEC if necessary
"end of the year, early January, January...." strange uhh? they think we are idiots..No payments have been made yet and we do not have a set date of distribution; our goal now is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
They were going to make the payment at the beginning of January, now it's January. This is a really annoying situation, everyone, please write an e-mail, claim your rights, the fund manager does not comply with the payment plan, complain to the SEC if necessary
Unfortunately, we became stupid, first in the middle of the year, then at the end of the year, then at the beginning of January, then in January, let's see where this chain will extend, we came across so many amateur fund admins that are very unlucky in this regard, a fund manager who does not deserve the money he gets. It is our fault too, we did not complain to the SEC at the time. .
Hello,
No payments have been made yet and we do not have a set date of distribution; our goal now is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
They were going to make the payment at the beginning of January, now it's January. This is a really annoying situation, everyone, please write an e-mail, claim your rights, the fund manager does not comply with the payment plan, complain to the SEC if necessary
"end of the year, early January, January...." strange uhh? they think we are idiots..No payments have been made yet and we do not have a set date of distribution; our goal now is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
They were going to make the payment at the beginning of January, now it's January. This is a really annoying situation, everyone, please write an e-mail, claim your rights, the fund manager does not comply with the payment plan, complain to the SEC if necessary
Hello,
No payments have been made yet and we do not have a set date of distribution; our goal now is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
They were going to make the payment at the beginning of January, now it's January. This is a really annoying situation, everyone, please write an e-mail, claim your rights, the fund manager does not comply with the payment plan, complain to the SEC if necessary
No payments have been made yet and we do not have a set date of distribution; our goal now is to pay in January. Communication will be sent with the amount of your distribution payment prior to the funds being released.
Kind regards,
KCC Class Action Services LLC
Fund Administrator
They were going to make the payment at the beginning of January, now it's January. This is a really annoying situation, everyone, please write an e-mail, claim your rights, the fund manager does not comply with the payment plan, complain to the SEC if necessary
Hmm... sure I'm not happy with that decision from the fund administrator, but if it can gives the 2024 year interest, maybe it's a good thing.
They first said they would pay in the middle of the year, then they brought it forward to the end of the year, now they say early January, they are extending the process and extending it, when the commission gives an order, the escrow account is transferred by the commission staff within 1 day, this is the SEC rule,
The fund admin is an incompetent and slow-moving lawyer, unfortunately he is very unlucky in this regard, as I said, if you send an e-mail, they will realize their own mistakes and act faster.
I know people who calculate the payroll of 20,000 personnel in 3 days, they could not complete the same number of applications for years, despite being so slow, they receive 250 thousand dollars.
Re: or the problem is that they put the money on interest for 3-month periods, they cannot withdraw the money put on interest, this process will be completed at the end of December, so the escrow account will be accessible from January 1,
But in this case, it is very amateur, you are the unit that manages the big banks, if they are making this delay because of interest, I say kudos to you.
We can assume all kinds of things... that said, I'm not really familiar with the SEC and its inner workings. But if what you describe is considered normal, then I really wonder why they are somehow unable to do their work as they're expected to. I think I will compile yet another email, asking for the reasons for yet another delay. Tbh that is something I got really annoyed by: yes, you get replies to your emails written by an actual human, and yes, they "answer" your questions. But they always do it in a way which leaves this feeling that I know nothing new after reading. It's always the most general replies you can give, nothing concrete, no dates, no reasons, only "we have no updates, you will get notified if anything changes and we can't tell you when The fund admin is an incompetent and slow-moving lawyer, unfortunately he is very unlucky in this regard, as I said, if you send an e-mail, they will realize their own mistakes and act faster.
I know people who calculate the payroll of 20,000 personnel in 3 days, they could not complete the same number of applications for years, despite being so slow, they receive 250 thousand dollars.
Re: or the problem is that they put the money on interest for 3-month periods, they cannot withdraw the money put on interest, this process will be completed at the end of December, so the escrow account will be accessible from January 1,
But in this case, it is very amateur, you are the unit that manages the big banks, if they are making this delay because of interest, I say kudos to you.
I learn the update explanations from the SEC website,
They actually need to share these updates with us, for example, it is written on the SEC website that the payment approval was given on November 26.
But the fund manager is running the process very ridiculously, so I recommend that you constantly write complaint letters from the SEC website and e-mail.
The normal process will be completed in 10 business days next week, we should receive money next week, this order is written in the payment plan, I am waiting with curiosity to see what the fund manager will do.
The lawyer fee they charge is approximately 300,000 dollars, if they gave me half of it, I would complete these payments in 1 month, not 2 years.
https://www.sec.gov/enforcement-litigation/distributions-for-harmed-investors/matter-poloniex-llc-admin-proc-file-no-3-20455
They first said they would pay in the middle of the year, then they brought it forward to the end of the year, now they say early January, they are extending the process and extending it, when the commission gives an order, the escrow account is transferred by the commission staff within 1 day, this is the SEC rule,
The fund admin is an incompetent and slow-moving lawyer, unfortunately he is very unlucky in this regard, as I said, if you send an e-mail, they will realize their own mistakes and act faster.
I know people who calculate the payroll of 20,000 personnel in 3 days, they could not complete the same number of applications for years, despite being so slow, they receive 250 thousand dollars.
Re: or the problem is that they put the money on interest for 3-month periods, they cannot withdraw the money put on interest, this process will be completed at the end of December, so the escrow account will be accessible from January 1,
But in this case, it is very amateur, you are the unit that manages the big banks, if they are making this delay because of interest, I say kudos to you.
We can assume all kinds of things... that said, I'm not really familiar with the SEC and its inner workings. But if what you describe is considered normal, then I really wonder why they are somehow unable to do their work as they're expected to. I think I will compile yet another email, asking for the reasons for yet another delay. Tbh that is something I got really annoyed by: yes, you get replies to your emails written by an actual human, and yes, they "answer" your questions. But they always do it in a way which leaves this feeling that I know nothing new after reading. It's always the most general replies you can give, nothing concrete, no dates, no reasons, only "we have no updates, you will get notified if anything changes and we can't tell you when The fund admin is an incompetent and slow-moving lawyer, unfortunately he is very unlucky in this regard, as I said, if you send an e-mail, they will realize their own mistakes and act faster.
I know people who calculate the payroll of 20,000 personnel in 3 days, they could not complete the same number of applications for years, despite being so slow, they receive 250 thousand dollars.
Re: or the problem is that they put the money on interest for 3-month periods, they cannot withdraw the money put on interest, this process will be completed at the end of December, so the escrow account will be accessible from January 1,
But in this case, it is very amateur, you are the unit that manages the big banks, if they are making this delay because of interest, I say kudos to you.
I don't know what to say.
I want money as soon as I can because of the market sentiment.
There are a lot of opportunities around. The market is going crazy nowadays.
I want money as soon as I can because of the market sentiment.
There are a lot of opportunities around. The market is going crazy nowadays.
Re: or the problem is that they put the money on interest for 3-month periods, they cannot withdraw the money put on interest, this process will be completed at the end of December, so the escrow account will be accessible from January 1,
But in this case, it is very amateur, you are the unit that manages the big banks, if they are making this delay because of interest, I say kudos to you.
Jump to: