June 3, 2024 – Receiver’s Final Report
On June 3, 2024, the Receiver, having completed his duties under the Appointing Order, filed his Final Report and Application for: (1) Approval of Final Fee Application; (2) Approval to Make Final Distribution to Claimants; and (3) Discharge of Receiver with the Court. A copy of the Final Report is available in the Documents section of this webpage. The Court entered an Order Granting the Application on July 15, 2024 and the Receiver made a pro rata distribution to the approved claimants from the remaining receivership assets.
August 1, 2022
On April 25, 2022, Plaintiffs filed a Verified Complaint, individually and derivatively, on behalf of Zippy Cash LLC in the District Court for Clark County, Nevada against Defendants Tough Money LLC, Duane Tough, Brent Ruttman, Lio LLC, Robert L. Stewart, John F. Stewart, Gene Williams, Sales Consultants Int’l, Inc., Zippy Cash LLC, and Z Cash LLC. Plaintiffs alleged various claims against Defendants relating to their operation and/or involvement in Zippy Cash LLC (“Zippy Cash”) and Z Cash LLC. (A copy of the Verified Complaint is available in the Documents section of this webpage.) Plaintiffs later filed a motion to appoint a receiver over the companies.
On July 27, 2022, the Court entered an Order Granting Plaintiffs’ Motion for Appointment of Receiver (the “Order”), appointing Thomas W. McNamara of Regulatory Resolutions as receiver of Zippy Cash and Z Cash LLC to take possession and control of the companies. Pursuant to his authority under the Order, the Receiver additionally has declared, without objection, Z Cash, Inc. and Zippy.Cash, Inc. to be Receivership Entities. (A copy of the Order is available in the Documents section of this webpage.)