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gezs
Claims Procedure Plan

Looks like we will be able to start filing claims for reimbursement soon.

There will be 3 levels of claims:

Category A) Claims of $5000 or less
Category B) Claims of $5001 or greater
Category C) Post Receivership Claims

All claimants should receive an email from the receiver with a claim form which must be completed and returned within 60 days. A website will be provided that will give access to account balance information for each depositor.
TheMobileHookup
How can people know the amount if they can't get into their accounts. But the receiver finally answer my hard questions after a month. Suposedly it will take months not years to get the money back if there is any left after he's been getting $250-400 an hour to sit on his censored2.gif
gezs
QUOTE(TheMobileHookup @ May 25 2006, 05:55 PM) [snapback]2182899[/snapback]

How can people know the amount if they can't get into their accounts. But the receiver finally answer my hard questions after a month. Suposedly it will take months not years to get the money back if there is any left after he's been getting $250-400 an hour to sit on his censored2.gif


As I mentioned before a website will be provided which will show the account balance. See page 6 of the PDF.


edit: it also appears from the proposed request for submission of claim form (exhibit A) that the website will be a the emocorp website and we will log in using our current username and password. See page 10 of the pdf.
TheMobileHookup
There was more to the PDF? All I got was one page...
Odd...
Will have to check again.
Fallen0ne
QUOTE(TheMobileHookup @ May 25 2006, 07:11 PM) [snapback]2183501[/snapback]

There was more to the PDF? All I got was one page...
Odd...
Will have to check again.

there are 25 pages

i already did a cc chargeback... but i fall under catagory A, so we'll see what happens,
rishi
So, around when exactly can we expect the email?
TheMobileHookup
QUOTE(Fallen0ne @ May 25 2006, 11:20 PM) [snapback]2184033[/snapback]

there are 25 pages

i already did a cc chargeback... but i fall under catagory A, so we'll see what happens,

Came up the last time I went but the first time I got a 1 page PDF.
Weird.
Guess they were trying to keep me out tongue4.gif

Wonder when we'll truly see this happen.
andygabon
that's good news, at least...
astronauco
How can I know what is my Claimant Category (A, B or C) if I don´t remember the exact amount I had into my EMO account??

I know I had $5000, but can´t remember if that was the exact amount... maybe it was a few cents or dollars more. So now I´m not sure if my category is A ($5,000.00 or less) or B ($5,001.00 or greater). I´m confused.

If I could choose between category A or B, which one would be better?



QUOTE

Only those claimants who posses Claims in Category B and Category C will submit a Claim Form, as defined below. Claimants in Category A will not need to take any action to substantiate or ensure the allowance of their Claim; however, in some instances the Receiver may need the claimant to provide an address so that their distribution amount can be forwarded to them. Claimants in Category B will have the option to treat their Claim as a Category A claim (with a maximum value of $5,000.00), and thus eliminate their obligation to provide further identification and supporting documentation. All Category C Claims will also have the option to treat their Claim as a Category A claim. All Claims will receive payment for their Claim on a pro rata distribution basis, regardless of which class they are in or choose to be in.

QUOTE

Claimants in Category A will not need to take any action to substantiate or ensure the allowance of their Claim;

So it seems it´s better to be in Category A (specially if you funded your emo account using e-gold -or any other payment processor- or if you don´t have the documentation to prove the transaction), right?
QUOTE

All Claims will receive payment for their Claim on a pro rata distribution basis

What means that?
mjand2345
QUOTE(astronauco @ May 29 2006, 02:32 AM) [snapback]2201064[/snapback]

How can I know what is my Claimant Category (A, B or C) if I don´t remember the exact amount I had into my EMO account??

I know I had $5000, but can´t remember if that was the exact amount... maybe it was a few cents or dollars more. So now I´m not sure if my category is A ($5,000.00 or less) or B ($5,001.00 or greater). I´m confused.

If I could choose between category A or B, which one would be better?
So it seems it´s better to be in Category A (specially if you funded your emo account using e-gold -or any other payment processor- or if you don´t have the documentation to prove the transaction), right?

What means that?


It means if after all the chargebacks (if they are allowed) and the money paid to the receiver etc, let's say there is only $1 million left in EMO's bank, but the total amount owed to the customers are $5 million, you will only get back $20 for every $100 you have in your EMO account.

So the receiver will probably take his time to do with work, so that he go on ripping big money from all EMO customers. It is very much like we are paying him big money, so that we can get a litle bit of our money back! diablo.gif

funds4l8r
Well it seem's that EMO fell short of it's net worth by 1.5 million and almost 19,000 accounts were 5 grand and less so for a no brainer way to look at it. The accounts with large balances are gonna be the ones that take the beating. I mean it's nice of them to finally release or let people file claims to release but it looks as though after they pay the Lard a$$ 300 pr hr to do his work and then fill all the minor claims. IT will be slim pickings for the larger amounts. So I wonder if we will be able to file suit for lost or unpaid balances. I think it's only fair that we members that have huge amounts 100k give or take we should be able to get reimbersed for our loss as well. I don't recall seeing anything stating that we can't file suit for loss, but I guess we have to wait and see what happens. I had one request to show screenshots of deposit history from my egold account to the EMO account but the program he was sending me always sent corrupted. I will still be happy to post screenshots of history from egold that shows 40 some grand in deposits to the EMO account around 18th of feb and the 22nd to add to the existing balance that was already there, If someone has a good program that can allow me to do this. I have never done a screenshot before so if you wanna send a program or assist me in doing it the records are there to show.
Lets hope all works out well with EMO , and then after everybody gets their refunds back all the people that said I lied and it wasn't really there can all kiss my A$$ and know that I am healing from the surgery ( that I also lied about ) on my Back , Oh that mobile has pictures of me from an unrelated incident in my body cast, Those people can also kiss my A$$.

Now for all the people that have been supportive through these times and never felt this was my fault , and we just basically been decent about this whole thing. Thank you all very much.

JIM
UNC
You can do a screenshot simply by pressing the Print Scrn button your keyboard and pasting the image into paint..No special program needed..
TheMobileHookup
EMO didn't fall short. People did chargebacks and there were pending credits from credit cards but the government wants to make them look bad and they can also make that money disappear.

He had surgery and has the cast. I no longer have that picture here but it's not a good fashion statement tongue4.gif
nuk
QUOTE(funds4l8r @ May 28 2006, 10:10 PM) [snapback]2202656[/snapback]

Well it seem's that EMO fell short of it's net worth by 1.5 million and almost 19,000 accounts were 5 grand and less so for a no brainer way to look at it. The accounts with large balances are gonna be the ones that take the beating. I mean it's nice of them to finally release or let people file claims to release but it looks as though after they pay the Lard a$$ 300 pr hr to do his work and then fill all the minor claims. IT will be slim pickings for the larger amounts. So I wonder if we will be able to file suit for lost or unpaid balances. I think it's only fair that we members that have huge amounts 100k give or take we should be able to get reimbersed for our loss as well. I don't recall seeing anything stating that we can't file suit for loss, but I guess we have to wait and see what happens. I had one request to show screenshots of deposit history from my egold account to the EMO account but the program he was sending me always sent corrupted. I will still be happy to post screenshots of history from egold that shows 40 some grand in deposits to the EMO account around 18th of feb and the 22nd to add to the existing balance that was already there, If someone has a good program that can allow me to do this. I have never done a screenshot before so if you wanna send a program or assist me in doing it the records are there to show.
Lets hope all works out well with EMO , and then after everybody gets their refunds back all the people that said I lied and it wasn't really there can all kiss my A$$ and know that I am healing from the surgery ( that I also lied about ) on my Back , Oh that mobile has pictures of me from an unrelated incident in my body cast, Those people can also kiss my A$$.

Now for all the people that have been supportive through these times and never felt this was my fault , and we just basically been decent about this whole thing. Thank you all very much.

JIM

I don't know whether you lied about your back, your marriage, or whatever as it doesn't matter. You were running a program as an admin.....if people wanted Tales of Woe and Excuses, they can get that without having to pay someone. If you can't handle running something, go back to pimpin' and leave the guys like the *Bob's* to do the dirty deed of being an Admin.

Secondly, you're talking about not being able to do a screenshot on egold deposits in FEBRUARY? That's way before the start of the alleged MP-EMO issue. You said you lost 70K in MP member's money and then some 6-figure amount when EMO went down. Show some screenshots of egold--->EMO when MP was *running.*

#3. You supposedly have over 100K stuck in EMO and you're posting here wondering whether or not someone might can file a lawsuit or what to do? post-36326-1110185726.gif

If you ever give everyone refunds from MP, I'll kiss your A$$, your back, or any other body part.

NUK

UNC
Well I don't think I'll bother for my $138 tongue4.gif
SweetGirlOf19Years
I also fall in A Category
Can anyone tell how to send them form
and when to send them

Please help me i have Approx 3000 $ in EMO
If any one falls in A Category please tell
also where they will pay the money in EMO also will EMO will be up again as it was previously

I dont have passport or SSN number
it tells each of this items should be fully completed

I submitted my driving licence , bank statement to verify my emo account ,can i send that copies

also do we have to submit by fax or by mail or by email all the forms and documents

Also will i get all my amount or how much i will get
gezs
QUOTE(SweetGirlOf19Years @ May 29 2006, 02:00 PM) [snapback]2207239[/snapback]

I also fall in A Category
Can anyone tell how to send them form
and when to send them

Please help me i have Approx 3000 $ in EMO
If any one falls in A Category please tell
also where they will pay the money in EMO also will EMO will be up again as it was previously

I dont have passport or SSN number
it tells each of this items should be fully completed

I submitted my driving licence , bank statement to verify my emo account ,can i send that copies

also do we have to submit by fax or by mail or by email all the forms and documents

Also will i get all my amount or how much i will get


Based on the motion you will only have to file the claim form if you are in category B or C. Since you are in category A you most likely will not need to provide any further information to the receiver. However if requested to send in any information to the receiver you will need to do so by CERTIFIED Mail.. (proof of delivery to addressed individual)

The motion has not been approved by the court yet so no one knows when we will receive any more information from the receiver.. most likely in a few weeks..
No one knows how much money we will get back / when we will get any money / or how that money will be dispursed.
What we do know is that we definately won't be receiving the full amount of our claim. Also we won't see any of the money for at minimum 3 months from now.. With luck we may see disbursements begin before the end of the year though it could just as easily be next year..

Based on the motion filed with the court we can expect that the EMO website will be placed online with very limited functionality as a means for account holders to log in and retrieve their account balance..
Hartwall
Thank's alot for explaining,gezs. smile.gif
So we have to wait for further info I guess.



SweetGirlOf19Years
Thanks gezs sir for explaining it nicely thanks very much

I have not understood this point

QUOTE
Also we won't see any of the money for at minimum 3 months from now..
With luck we may see disbursements begin before the end of the year though
it could just as easily be next year..

why they would take minimum 3 months from now and disbursements will begin before the end of the year
why so late , any idea

and also i dont have to submit documents just the form because i have 3000$ Approx in EMO right
if yes can i email or can i fax the form.

OR if i have to submit documents can i email or can i fax it

also 1 more question do u know where i will get back money , i mean in Egold or in EMO
gezs
QUOTE(SweetGirlOf19Years @ May 29 2006, 07:56 PM) [snapback]2208810[/snapback]

Thanks gezs sir for explaining it nicely thanks very much

I have not understood this point
why they would take minimum 3 months from now and disbursements will begin before the end of the year
why so late , any idea



The reason for 3 months minimum is:
The plan hasn't been approved by the court yet
There will be 60 days to submit claims.
The number/amount of claims will impact the amount which will be paid out.
The court has to approve the final percentage that will be paid.
Depending on the speed of the court it could be anywhere from 3 months to an unknown amount of time for all this to occur.

QUOTE(SweetGirlOf19Years @ May 29 2006, 07:56 PM) [snapback]2208810[/snapback]

and also i dont have to submit documents just the form because i have 3000$ Approx in EMO right
if yes can i email or can i fax the form.

OR if i have to submit documents can i email or can i fax it


You do not have to file anything since you are in category A < $5000 claim.
All category A claims are automatic.
The receiver may require additional contact information from you (mailing address).

QUOTE(SweetGirlOf19Years @ May 29 2006, 07:56 PM) [snapback]2208810[/snapback]

also 1 more question do u know where i will get back money , i mean in Egold or in EMO

How the money will be returned is unknown at this time. That information is not in the claim procedure plan.
I would expect that for USA citizens payment will be via a corporate check.
For international account holders I have no idea. The payment method could possibly be by international money order but that is just a guess.
However I can fairly confidently say payment will definately not be sent via Egold or EMO.
SurfExcelerator
Is the claim form ready and attached to the PDF file already? It appears it contains claim forms...?
gezs
QUOTE(SurfExcelerator.com @ May 31 2006, 08:07 AM) [snapback]2218114[/snapback]

Is the claim form ready and attached to the PDF file already? It appears it contains claim forms...?


No its just the motion to the court. The motion hasn't been approved by the judge. Once it has then we will receive an email from the receiver which will look a lot like page 10 Exhibit A (Notice it says Draft).

Its just a waiting game right now..

mjand2345
At the pace this is progressing, we will probably be looking at about $0.10 refund every $100 we have in our EMO account. Because the receiver will simply take all the time he can. This is how he makes his money!

When we do get our refund, maybe we should even send a bouquet and a thank-you note to the receiver for his undaunting effort to help get our money back. furious.gif

Fallen0ne
QUOTE(mjand2345 @ May 31 2006, 06:20 PM) [snapback]2221403[/snapback]

At the pace this is progressing, we will probably be looking at about $0.10 refund every $100 we have in our EMO account. Because the receiver will simply take all the time he can. This is how he makes his money!

When we do get our refund, maybe we should even send a bouquet and a thank-you note to the receiver for his undaunting effort to help get our money back. furious.gif

if we all pool our refunds we could probably get one rose.
TheMobileHookup
QUOTE(mjand2345 @ May 31 2006, 08:20 PM) [snapback]2221403[/snapback]

At the pace this is progressing, we will probably be looking at about $0.10 refund every $100 we have in our EMO account. Because the receiver will simply take all the time he can. This is how he makes his money!

When we do get our refund, maybe we should even send a bouquet and a thank-you note to the receiver for his undaunting effort to help get our money back. furious.gif

If I ever have kids they're going to be receivers tongue4.gif

10 cents on a dollar sounds about right.
SurfExcelerator
QUOTE(mjand2345 @ May 31 2006, 08:20 PM) [snapback]2221403[/snapback]

At the pace this is progressing, we will probably be looking at about $0.10 refund every $100 we have in our EMO account. Because the receiver will simply take all the time he can. This is how he makes his money!

When we do get our refund, maybe we should even send a bouquet and a thank-you note to the receiver for his undaunting effort to help get our money back. furious.gif


So I'd get $6 from having $6,000 in there? That doesn't make sense.
TheMobileHookup
QUOTE(SurfExcelerator.com @ Jun 1 2006, 08:56 AM) [snapback]2224257[/snapback]

So I'd get $6 from having $6,000 in there? That doesn't make sense.

$60 tongue4.gif
chloe2651
QUOTE(TheMobileHookup @ Jun 2 2006, 07:03 AM) [snapback]2226928[/snapback]

$60 tongue4.gif

That would be $600
TheMobileHookup
Hey, don't be correcting me tongue4.gif
I was coming back for that post actuially to add a 0 and you beat me to it.
synergem
QUOTE(TheMobileHookup @ Jun 1 2006, 08:46 PM) [snapback]2224216[/snapback]

If I ever have kids they're going to be receivers tongue4.gif

10 cents on a dollar sounds about right.


Haha .. yea u could retire early, just let the kids put some companies into receivership to bring in the moola! rofl4.gif
SurfExcelerator
QUOTE(chloe2651 @ Jun 2 2006, 10:35 PM) [snapback]2234128[/snapback]

That would be $600

Oh hehe... $600 sounds better, but still missing $5,400+ sad.gif
fb-kaede
So can someone update this when the court has APPROVED this motion? and if there are any changes to the Cat A non-filing need.

I have yet to receive ANY e-mail regarding this.
SurfExcelerator
QUOTE(fb-kaede @ Jun 7 2006, 04:33 AM) [snapback]2258796[/snapback]

So can someone update this when the court has APPROVED this motion? and if there are any changes to the Cat A non-filing need.

I have yet to receive ANY e-mail regarding this.

There is NO update yet.

I haven't received an email yet (they haven't sent any).
AlanRains
I wish they would go ahead and approve the motion and post the process, I'm anxious to see how much I actually get back out of $2,000.
ahlude
Hi all,

Which URL can i visit to check my EMO account for claiming? Pls kindly advice.
wldflower128
Has anyone recieved an email to this yet? I have not. Pages 10-18 of that .pdf file, is that supposed to be like a draft to What would be coming, because whats freaking me out is that it uses a date of July__, 2006 to get our claims in, from the date of recieving this email?? I never got an email. Anyway, another question, since Im a cat. B person, I will need to submit proof of my identity (ok I can do that), and submit proof af EMO account and amount due.....ok??? I never got to take a screen shot of my account, so how am I supposed to get this proof? Hey I got a 100 left over EMO's I could send those back in, the numbers were assigned to my account?? LOL, Heck I thought about burning them, see there might need them for proof blush.gif

I am out $6800 diablo.gif
fb-kaede
No updates? Figures.
TheMobileHookup
QUOTE(fb-kaede @ Jun 22 2006, 05:48 AM) [snapback]2347512[/snapback]

No updates? Figures.

Of course not, he has to make his $250 an hour tongue4.gif
ROBERTCRUCES
IS THERE ANYONE WHO HAS LOST MORE THAN $30,000 WITH EMO IM JUST CURIOUS ABOUT WHAT THEY ARE GOING TO DO..
Blizz
A friend of mine recieved the email today. I still haven't recieved one which kind of concerns me. Especially being that I fall in category A and don't have to file a claim. Perhaps they are staggering the distribution of the email so that they don't have everyone filing claims at once, and so that lard a** can collect more of our money annoyed.gif Has anyone else in Cat. A, not recieved this email yet?
fb-kaede
Received an e-mail today. dry.gif

QUOTE
June 28, 2006

TO ALL POTENTIAL EMO CORPORATION CLAIMANTS

RE: Request for Submission of Claim Form

Dear Claimant:

As you may be aware, I was appointed Receiver for the assets of EMO
Corporation (.EMO.) by the 201st District Court in the State of Texas in Cause
Number D-1-GV-06-000341, State of Texas, Plaintiff vs. EMO Corporation, Todd
L. Tredeau, Tracey L. Jones, and Nancy Humphries, Defendants and Comerica
Bank, Silicon Valley Bank, Calnet Business Bank, Wells Fargo, N.A., and JP
Morgan Chase Bank, National Association, on March 9, 2006.

The goal of the Receivership is to assist the Court in securing,
managing and preserving the assets of EMO and in distributing these assets to
the account holders and other creditors in a fair and equitable manner, all as
determined by the Court. On June 24, 2006, the Court approved a Claims
Procedure, which among other things, establishes a process for filing creditor
and customer claims in this case.

The EMO corporate records indicate that you may have a claim against
EMO. To verify these records, and to confirm the amount deposited or
otherwise owed, if any, the Court has approved a .Claims Procedure.. It is
very important that you complete this process as funds can only be distributed
to those which have been verified by the Receiver and approved (.Allowed.) by
the Court.

The Receiver has set up the following website for review of your
account information: http://www.emocorp.com. Please visit the website to ensure
that the records as shown are correct. Access to the website will be
available by using your log-in and password.

The Receiver, after having reviewed the EMO records, has separated the
claims against EMO in the following manner: Category A claims consist of those
claims of $5,000.00 or less. Category B claims consist of claims of more than
$5,000.01, and Category C claims are those claims which arose on or after
March 10, 2006.

If, in accordance with the records reflected by the EMO System, your
claim is $5,000.00 or less, you need not take any further action. The
Receiver will accept your Claim in the claimed amount as .Allowed. for
purposes of distribution in this Receivership. However, you should also be
aware that the Receiver or any other party-in-interest shall have the right to
object to any Claim (including a Claim that is less than $5,000.00), but if an
objection is filed relating to your claim(s), you will be notified in writing
of any such objection and have an opportunity to respond.

If your individual claim is more than $5,000.01, you must take all of
the following actions:

(i) Submit the Claim Form available through the EMO website at
https://www.emocorp.com/resources/claimform.pdf on or before August 18, 2006;

(ii) Attach documentation to your submitted Claim Form proving your
identity and ownership of any EMO account. You may provide, for example,
copies of your passport, government-issued driver.s license or birth
certificate; and

(iii) Along with your Claim Form, you must provide documentation sufficient
to evidence the amount of your Claim.

NOTE: All Claim Forms or other submissions delivered to the Receiver shall be
made under penalty of perjury.
As a Category B claimant, you have the option to have your claim
treated as a Category A claim by marking the appropriate box on the Claim
form. You will not be entitled to the full amount of your claim if you choose
this option. However, should you elect to treat your claim as a Category A
claim, you will also not be required to submit the proof of identity and other
documentation set forth above. The decision is entirely yours to make.

Your filing of a claim in this case does not ensure full restitution
or payment of the claim as filed. The Receiver has sought an order from the
court which will aggregate all of the assets of the EMO Receivership. The
Receiver believes that EMO currently will not be able to reimburse all
creditors and account holders in full. Accordingly, the Receiver believes
that the only fair distribution is to pool all of EMO.s assets in order to
effectuate a pro rata distribution of the assets for Allowed claims which will
ensure that you receive the most value for your claim.

The Receiver believes that claims will be paid a pro rata amount based
on the Final Allowed amount of the claim and the value of the EMO assets as a
whole. Your proportionate interest will be determined based upon the
percentage of your claim in relation to all available EMO assets. The figure
will be calculated by dividing the amount of each individual claim by the
cumulative amount of all of EMO remaining assets.

Your completed Claim Form(s) and supporting documentation should be
mailed to the Receiver.s office on or before August 18, 2006. The entire
package should be forwarded to the Receiver at the following address:


Gary R. Barton, Receiver of EMO Corporation
Post Office Box 53150
Houston , TX 77052-3150

Send your Claims Form(s) and related documents via certified mail.

PLEASE DO NOT SUBMIT YOUR CLAIM DIRECTLY TO THE COURT.IT WILL ONLY SLOW THE
PROCESSING OF YOUR CLAIM. FAILURE TO SUBMIT A CLAIM IN A TIMELY MANNER MAY
RESULT IN THE INABILITY TO VERIFY THE ACCURACY OF YOUR CLAIM(S) AND IN THE
DENIAL OF YOUR CLAIM(S).

Upon receipt of your Claim(s), my office will begin its process of
reviewing each individual claim. This process will be completed as quickly as
possible. If no objection is filed to your claim, your claim will be deemed
allowed. If the Receiver or some other party objects to your claim, you may
receive written or electronic notice (or both) regarding your options and
additional steps to be taken at that point.

It is very important that my office continue to have a way to contact
you throughout this process. If you move, or your contact information changes
for any reason, please send a signed letter, via certified mail, to the
address noted above. For your protection, address changes or other requests
made by electronic mail (e-mail) will not be honored. Please send all
correspondence to the Receiver via certified mail at the address noted above.

If, after reviewing these materials, you have questions concerning
these forms or your Claim, please send your question, in writing, at the
address noted above. Given the large volume of claims, we ask that you submit
your inquiries in writing. Again, due to the large number of potential
claimants, it may take several days to receive a reply. Your patience during
this important phase of the EMO Receivership is appreciated.


Sincerely,



Gary R. Barton,
Receiver
of EMO Corporation
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