{"id":1197626,"date":"2023-03-02T22:11:32","date_gmt":"2023-03-03T04:11:32","guid":{"rendered":"https:\/\/www.snkrsday.com\/?p=1197626"},"modified":"2023-03-02T22:12:03","modified_gmt":"2023-03-03T04:12:03","slug":"zadeh-kicks-receiver-petitions-court-to-claw-back-16-million-from-net-winners","status":"publish","type":"post","link":"https:\/\/www.snkrsday.com\/zadeh-kicks-receiver-petitions-court-to-claw-back-16-million-from-net-winners\/","title":{"rendered":"Zadeh Kicks Receiver Petitions Court to Claw Back $16 Million from “Net-Winners”"},"content":{"rendered":"\n
Earlier today the Zadeh Kicks Receiver, David P Stapleton, filed a motion in Oregon Circuit Court seeking approval to pursue fraudulent conveyance actions, commonly referred to as claw backs<\/em>, against the “net winners” identified from their extensive forensic accounting.<\/p>\n\n\n\n The Receiver’s identified “net losers” and “net winners” based on a money-in, money-out approach. So far, the Receiver has identified 19 individuals who received a net benefit of more than $16 million from conducting business with Zadeh Kicks<\/a>. In efforts to conserve legal fees and increase the efficiency of time, the Receiver requested the court permit them to send demand letters with up to a 10% discount should the “net winners” willfully return the money they gained from alleged fraudulent activity.<\/p>\n\n\n\n The Receiver<\/a> did not identify in the motion any of the 19 individuals who they seek to send demand letters.<\/p>\n\n\nmotion-pursue-fraudulent-conveyance-actions<\/a>\n We contacted David P Stapleton for comment after office hours for comment. We will update this post should we receive a response to our request for comment.<\/p>\n","protected":false},"excerpt":{"rendered":" Earlier today the Zadeh Kicks Receiver, David P Stapleton, filed a motion in Oregon Circuit Court seeking approval to pursue…<\/p>\n","protected":false},"author":149,"featured_media":1197628,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[2,1259253],"tags":[1259249],"cultivate_rss":[],"class_list":{"2":"type-post"},"acf":[],"yoast_head":"\n