Zeek Rewards !! How to get to $3K a month, starting as a free member !

[littleroundman]

The US District Court clerk has issued a entry of default against Michael Van Leeuwen:

http://imageshack.com/a/img855/6012/4vs3.jpg

The court document can be viewed HERE (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoy OGQ0NmM4ZGI1M2UyMTAy) courtesy of ASD Updates (http://asdupdates.com/wordpress/)

[littleroundman]

The US District Court clerk has issued a entry of default against David Sorrells:

http://imageshack.com/a/img840/6505/efbi.jpg

The court document can be viewed HERE (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 NDZmNjNjNWYxOTBlYTgx) courtesy of ASD Updates (http://asdupdates.com/wordpress/)

[littleroundman]

The court appointed receiver in the Zeek Rewards matter has requested the Clerk of Courts to issue judgement against Todd Disner in the amount of $2,079,757.88

http://imageshack.com/a/img114/8435/eb4f10.jpg

With thanks to ASD Update Files Website (https://sites.google.com/a/asdupdates.com/files-website/home) you can view the original judgement request HERE (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoz YzFlYmEyZjQ4ZDY4NWFk)

[littleroundman]

The court appointed receiver in the Zeek Rewards matter has requested the Clerk of Courts to issue judgement against David Sorrells in the amount of $1,197,241.12

http://imageshack.com/a/img367/6199/496425.jpg

With thanks to ASD Update Files Website (https://sites.google.com/a/asdupdates.com/files-website/home) you can view the original judgement request HERE (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 NThlY2VhOWY1YmQ3ZDFl)

[littleroundman]

The court appointed receiver in the Zeek Rewards matter has requested the Clerk of Courts to issue judgement against Michael Van Leuwen in the amount of $1,617,444.99

http://imageshack.com/a/img403/209/7d93d9.jpg

With compliments of ASDUpdates Files Website 2.0 (https://sites.google.com/a/asdupdates.com/files-website/zeek-rewards-sec-case/bell-v-disner-et-al) a copy of the request can be viewed HERE (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoz ZTA2NGI4NDM5MmUwMTI3)

[littleroundman]

For a revealing insight into just how insiders profit from HYIP ponzi frauds, click on the link to view the Affidavit in Support of Default Judgement against Todd Disner (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoz NDJjZDdmOWNhZGIwNTcw) against David Sorrells (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoy YzE5ZjQyYzU5YzY0ZGQ1) and against Michael Van Leeuwen (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 ZDM0YWI1OGY4ZTNjMmVh)

Thanks, once again, to ASDUpdates Files Website (https://sites.google.com/a/asdupdates.com/files-website/home) for providing access to the court documents

[littleroundman]

The court appointed receiver in the Zeek Rewards matter has requested the Clerk of Courts to issue judgement against Darryle Douglas in the amount of $2,271,238.20

http://imageshack.com/a/img829/2199/8r33.jpg
http://imageshack.com/a/img840/2097/jh85.jpg
http://imageshack.com/a/img842/9230/przms.jpg

With thanks to ASDUpdates Files (https://sites.google.com/a/asdupdates.com/files-website/) for providing access to the Motion for Default Judgement (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo2 NTIxNzNlNWM1ZDc3NzM)

As an interesting aside, the Affidavit in support of the motion for default (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDpk NjhkNmZjZjc4ZGJiN2Q) provides an insight into exactly how these things work, and why it is that only insiders make the big bucks:

http://imageshack.com/a/img819/9706/5ldo.jpg

Darryle Douglas only invested $766 of his own money and yet he "won" $1,971,374.27

[littleroundman]

The court appointed receiver for Rex Venture Group / Zeek Rewards / Paul Burks has released his STATUS REPORT for the Second Quarter of 2014 (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoz NTZlM2Y1YTA3MDdlZGIx) made available for viewing by courtesy of ASDUpdates (https://sites.google.com/a/asdupdates.com/files-website/home)



IN THE UNITED STATES DISTRICT COURT FOR THE WESTERN DISTRICT OF NORTH CAROLINA CHARLOTTE DIVISION
)
SECURITIES AND EXCHANGE COMMISSION, Plaintiff, )
)
vs.
)
No. 3:12-CV-519
REX VENTURE GROUP, LLC d/b/a ZEEKREWARDS.COM, and PAUL BURKS, Defendants.
)
RECEIVER’S STATUS REPORT FOR THE SECOND QUARTER OF 2014

Kenneth D. Bell, Esq., the Court-appointed Temporary Receiver (the “Receiver”) for and over the estate of Rex Venture Group, LLC d/b/a ZeekRewards.com, any of its subsidiaries, whether incorporated or unincorporated, and any businesses or business names under which it does business (the “Receivership Defendant”),submits this Quarterly Status Report (the “Report”) in accordance with the Order of this Court entered on August 17, 2012, and for the purpose of providing a status report on the work and findings to date (the “Investigation”) of the Receiver, his counsel, agents, consultants, and advisors (the “Receiver Team”). The facts presented herein may be supplemented, amended and/or corrected as the Investigation continues.

Some highlights:


The Receiver maintains four interest-bearing bank accounts on behalf of the Receivership Estate: the “Affiliate Account,” the “Seized Asset Account,” the “Pre-Filing Account,” and the “Settlement Account.”

The Receiver deposited the following funds into its accounts during the second quarter of 2014:

 $310,755.00 into the Affiliate Account from payments from various financial institutions relating to previously dishonored cashier’s checks, teller’s checks and bank money orders; $183,508.86 into the Settlement Account from settlements with net-winners; and $1,164,022.41 into the Seized Asset Account from Receivership Assets turned over by Preferred Merchant Services, American Express, FXDirectDealer (“FXDD”), and
ClickBank.

As of June 30, 2014, the Receivership Estate held approximately $90.4 million in the Affiliate Account, approximately $229 million in the Seized Asset Account, approximately $297,000 in the Pre-Filing Account, and approximately $2.5 million in the Settlement Account.


During the second quarter, the Receiver Team engaged in extensive conversations with counsel for NxPay regarding the outstanding $13 million identified as Receivership Assets. The Receiver Team issued a demand for these funds. In response to its demand, the Receiver Team
has recovered approximately $3.98 million, which NxPay does not dispute are Receivership Assets. The Receiver Team continues to work to recover the outstanding amount through continued conversations with NxPay’s counsel and the coordination of efforts with various government agencies.


The Receiver Team continues to investigate and pursue the recovery of funds from Preferred Merchants and its CEO Jaymes Meyer. As part of these efforts, in the second quarter, the Receiver Team issued a demand letter to Preferred Merchants for the recovery of approximately $5.8 million of Receivership Assets that had been improperly transferred to Preferred Merchants and its agents in 2012. The Receiver Team recovered approximately $1 million of this $5.8 million, which had been transferred to Barnes & Thornburg, and continues to pursue the outstanding amount and investigate any additional outstanding funds.


The Receiver Team also continues to investigate and pursue the recovery of Receivership Assets totaling approximately $9.5 million from Plastic Cash International, Inc. (“Plastic Cash”), which includes improper transfers and withdrawals. The Receiver Team is engaged in conversations with Plastic Cash’s counsel regarding these funds and is exploring various options of recovery.


The Receiver Team recovered $107,697 from FXDD in an account for Wandering Rex. Wandering Rex was an entity established by Dawn Wright-Olivares and/or her affiliates, through which Rex Venture Group funds were fraudulently transferred.


The Receiver Team is continuing its investigation and recovery of funds from Payza, Payment World, Solid Trust Pay, and CyberProfit. The Receiver estimates the outstanding amounts owed to the Receivership by these institutions is approximately $13.2 million from Payza and/or Payment World collectively, approximately 1.7 million from Solid Trust Pay, and approximately $5.1 million from CyberProfit. As part of these efforts, the Receiver Team is working closely with various government agencies at various levels to investigate, pursue outstanding information, and recover funds from these foreign accounts.


Issues Concerning Federal Taxes The Receiver Team determined during the first quarter that it would be necessary to file amended 1099s for payments made during the calendar year 2011 and 2012 to certain Affiliate-Investors. The efforts in the second quarter were focused on addressing the issues that arose during the preparation of the amended 1099s. The Receiver Team resolved the issues, and in working with FTI and National Law Forms, the amended 1099s were filed with the IRS and were mailed out to those certain Affiliate-Investors. In connection with the issuance of the amended 1099s, the Receiver Team continues to work with FTI and National Law Forms to respond to Affiliate-Investor inquiries regarding the 2011 and 2012 amended 1099s. The Receiver Team anticipates that responding to Affiliate-Investor inquiries will be an ongoing process.


In addition to the U.S. net winner lawsuit, the Receiver Team made progress in pursuing claims against foreign net winners as well. The Receiver Team conducted extensive research into various legal issues relating to the pursuit of claims against foreign net winners. In addition, counsel for the Receiver prepared a request for proposal, which it distributed to a select number of law firms in countries where the largest ZeekRewards net winners reside. The Receiver Team has been in discussions with multiple overseas law firms regarding the logistics, strategy, and costs involved with pursuit of net winners residing in these firms’ various countries. Claims against foreign net winners will likely be grouped by the country inwhich these individuals reside, with some actions being initiated here in the Western District of North Carolina and other actions being filed in the foreign net winners’ home countries. The Receiver is evaluating the most efficient means of pursuing these individuals that will generate the greatest possible return for the Receivership Estate.


The Receiver engaged in multiple settlement discussions with certain Insider defendants during the second quarter. By the filing date of this report, the Receiver had reached settlement agreements with Paul Burks, Dawn Wright-Olivares, and Daniel Olivares, pending Court approval. Each of these defendants agreed to a consent judgment of $600 million to be satisfied with substantially all of their assets.


The Receiver Team continues to investigate the roles of Plastic Cash and Preferred Merchants Solutions LLC (“Preferred Merchants”) in the ZeekRewards scheme, including their aiding and abetting of the scheme. Additionally, the Receiver Team has been investigating the actions of Plastic Cash and Preferred Merchants that appear to have been in direct violation of the Freeze Order. On an aggregate basis, the actions of Plastic Cash and Preferred Merchants appear to have deprived the Receivership Estate and the Affiliate victims of more than $14 million.


The period for filing claims against the Receivership closed in September 2013. The Receivership Team has reconciled and issued claimdeterminations for more than 156,000 claims that were filed by Affiliates and subrogees of Affiliates in the claims process. As of the date of
this filing, of these 156,000 claimants who have received Claim Determinations, approximately 89,000 such claimants have accepted their Claim Determination, 515 claimants have objected to their Claim Determinations, and approximately 67,000 have not responded to their Claim
Determination. For the vast majority of these 67,000, the time to object to the Claim Determination has expired.


More than 19,000 claims remain generally subject to review and reconciliation at this time. 4,000 Claim Determinations should be issued within the next 30 days. Of the remaining 15,000 claims, approximately 10,000 claims are either duplicative or amendments of prior claims. The Receiver Team is in the process of determining which of these claims should be the surviving claim and will issue claim determinations accordingly.

[littleroundman]

The court appointed receiver for Zeek Rewards / Rex Venture Group (RVG) today posted the following "ANNOUNCEMENT FROM THE RECEIVER - JULY 30, 2014" on the Zeek Rewards Receivership website (http://www.zeekrewardsreceivership.com/receiver)

http://imageshack.com/a/img904/6138/hEWG4F.jpg

The Motion can be viewed HERE (http://www.zeekrewardsreceivership.com/pdf/Class_Certification_Motion.pdf)

The memorandum can be found HERE (http://www.zeekrewardsreceivership.com/pdf/Class_Certification_Memo.pdf)

For information related to victims’ rights in the criminal matter of United States v. Dawn Wright Olivares and Dan Olivares - Case No: 3:13-cr-335. go HERE (http://www.zeekrewardsreceivership.com/rights.php)

[littleroundman]

As per his announcement, the receiver filed a motion with the court on July 30, asking the Court to certify a Net Winner Class and asking that the Court appoint one or more of the largest net winners sued by name as class representatives.

http://imageshack.com/a/img909/8269/zDbVFO.jpg

A a list of those individuals whom the Receiver believes won more than $1,000 and therefore would be included in the Net Winner Class can be found HERE (http://www.zeekrewardsreceivership.com/pdf/Domestic_Net_Winners_Over_$1000_Website_Name_2014_ 07_30.pdf) in .PDF format

[littleroundman]

ASD Updates.com (http://asdupdates.com/wordpress/archives/5849) is reporting Senior U.S. District Judge Graham C. Mullen has approved a motion by the court-appointed receiver to make an interim, partial distribution of allowed claims, establish record dates and set a first interim distribution date

http://imageshack.com/a/img539/5369/O2eak3.jpg

[littleroundman]

The Zeek Rewards receiver today released an: ANNOUNCEMENT FROM THE RECEIVER – August 1, 2014 (http://www.zeekrewardsreceivership.com/)

http://imageshack.com/a/img538/671/dEwpO8.jpg

[littleroundman]

KENNETH D. BELL, in his capacity as court-appointed Receiver for Rex Venture Group, LLC d/b/a ZeekRewards.com, has issued an AMENDED COMPLAINT (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 YzI5NGE3MzNiM2E2Nzk0) against GRIMES & REESE P.L.L.C., KEVIN D. GRIMES, and MLM COMPLIANCE VT, LLC,

Some highlights:

http://imageshack.com/a/img536/8833/IumiTf.jpg

http://imageshack.com/a/img540/8752/eQD85F.jpg

http://imageshack.com/a/img901/8718/ZH36mU.jpg

http://imageshack.com/a/img661/5688/R7nYtC.jpg

http://imageshack.com/a/img674/617/n4nZ49.jpg

http://imageshack.com/a/img536/6959/MOv5G5.jpg

http://imageshack.com/a/img536/8834/I28RDO.jpg

http://imageshack.com/a/img537/6769/Z3ouIf.jpg

Access to the amended complaint by courtesy of ASDUpdates Files website (https://sites.google.com/a/asdupdates.com/files-website/home)

[kschang]

Seems Kevin Grimes had been forced out of his lawfirm. Richards is now the senior partner and whole thing's renamed R&R Law Group.

[littleroundman]

http://imageshack.com/a/img539/2259/lHIjFo.jpg

[laidback]

http://imageshack.com/a/img539/2259/lHIjFo.jpg
Dropped him like a hot horseshoe...! Poetic, I'd say...!!

[Whip]

No one can be shocked by this can they?

[littleroundman]

The receiver for Zeek Rewards / RVG has applied for and received permission to commence recovery action against the international "winners" requiring them to return their winnings to the receivership:

http://imageshack.com/a/img537/8180/3nBSQx.jpg

COURT ORDER (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo3 YjFmM2Y5YzBlZWQ2ZTNi) provided by ASDUpdates (https://sites.google.com/a/asdupdates.com/files-website/)

[littleroundman]

From the Zeek Rewards receivership (http://www.zeekrewardsreceivership.com/) website

http://imageshack.com/a/img908/484/6n6fkF.jpg

The Status Check Link is: https://cert.gardencitygroup.com/zrwdet/fs/home (https://cert.gardencitygroup.com/zrwdet/fs/home)

[littleroundman]

The Zeek Rewards receiver, Kenneth Bell has applied for and received an ORDER granting 34 Motion for Default Judgment, Darryle Douglas (https://sites.google.com/a/asdupdates.com/files-website/zeek-rewards-sec-case/bell-v-burks-et-al/Doc-37.pdf?attredirects=0&d=1)

The highlight:

http://imageshack.com/a/img674/361/Tj8owv.jpg

Our sincere thanks go to ASDUpdates (https://sites.google.com/a/asdupdates.com/files-website/zeek-rewards-sec-case/bell-v-burks-et-al) for providing access to the court documents

[kschang]

I think he fled the country a while back. IMHO, of course. Maybe the Caribean?

[littleroundman]

The court appointed receiver for Zeek Rewards, Mr Kenneth D Bell today announced on the Zeek Rewards receivership website (http://www.zeekrewardsreceivership.com/) he had issued approximately 90,297 cheques as an interim partial distribution which represents, with certain limited exceptions, an amount equal to 40% of the Allowed Claims of all Affiliates holding Allowed Claims as of August 15, 2014, using the "rising tide" method of calculation previously approved by the Court.

http://imageshack.com/a/img902/4388/ShA7rk.jpg

You can read Mr Bells' announcement here on the Zeek Rewards receivership website (http://www.zeekrewardsreceivership.com/)

[littleroundman]

From the Zeek Rewards Receivership (http://www.zeekrewardsreceivership.com/) website

http://imageshack.com/a/img673/2691/KNQuR4.jpg

You can view the Receivers' October 22 announcement on theZeek Rewards Receivership (http://www.zeekrewardsreceivership.com/) website

[littleroundman]

It's early days, but reports are now filtering out Paul Burks has been indicted:

http://imageshack.com/a/img538/5175/snKkOK.jpg

http://imageshack.com/a/img540/3047/h6DE7q.jpg

[littleroundman]

Ever thought the amount fraudsters are forced to disgorge is unfair ??

Ever wondered why criminals like Paul Burks allow themselves to be caught ??

Think Burks told the truth, the whole truth and nothing but the truth to the SEC ??

The receiver in the Zeek Rewards / RVG case this week filed a RECEIVER’S MOTION FOR TEMPORARY RESTRAINING ORDER (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo1 YTJmMTNmZGMyZjIwZDI1)

The accompanying MEMORANDUM OF LAW IN SUPPORT OF THE RECEIVER’S MOTION FOR TEMPORARY RESTRAINING ORDER (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoy NjQwNmU2MmU1NzgzY2Q3) provides some interesting insights as to how things REALLY work in the world of fraud and fraudsters

Some highlights:

http://imageshack.com/a/img673/3121/EIekva.jpg
http://imageshack.com/a/img661/486/5mHVOV.jpg
http://imageshack.com/a/img537/8771/l8oQwV.jpg
http://imageshack.com/a/img661/5421/QbKaS2.jpg
http://imageshack.com/a/img904/3229/xK2TB5.jpg

With thanks to ASDUpdates.com (https://sites.google.com/a/asdupdates.com/files-website/) for providing access to court documents

[littleroundman]

http://imageshack.com/a/img911/3473/pisEGo.jpg

Zeek Rewards Receivership (http://www.zeekrewardsreceivership.com/)

[littleroundman]

ASDUpdates Wordpress blog (http://asdupdates.com/wordpress/) is today reporting:

http://imageshack.com/a/img674/1593/cVi7Ts.jpg

[littleroundman]

In accordance with his stated intention of pursuing overseas based net winners, Kenneth D Bell, in his capacity as court appointed receiver for Rex Venture Group LLC, dba Zeek Rewards.com has issued an amended complaint (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDox MDM5YmUxZDdiZWFlN2E2) suing Canadian net winners

Some highlights:

http://imageshack.com/a/img538/5104/iJG7K3.jpg
http://imageshack.com/a/img633/3024/LxHVKI.jpg
http://imageshack.com/a/img912/1213/PB6jmI.jpg
http://imageshack.com/a/img537/6384/Dv4mEI.jpg
http://imageshack.com/a/img538/142/Q0hyNo.jpg
http://imageshack.com/a/img901/7041/V0Q7le.jpg

The complete complaint can be downloaded in .pdf format (https://sites.google.com/a/asdupdates.com/files-website/zeek-rewards-sec-case/zeek-rewards-14-cv-444-bell-v-parker-et-al/2.pdf?attredirects=0&d=1)

Our thanks go out to ASDUpdates.com (http://www.asdupdates.com/) for providing access to the documents

[littleroundman]

http://imageshack.com/a/img633/3024/LxHVKI.jpg

For those who think the name sounds familiar,

yep, you're right, this ain't Ms Parkers' first rodeo:

http://imageshack.com/a/img540/2055/ShE8gq.jpg

[littleroundman]

14. Beverly Dawn Trca-Kitchen is, upon information and belief, a resident of Olds, Alberta, Canada. She is a former ZeekRewards “affiliate” and was a “net winner” of $314,228.43 under one or more usernames, including “perfectstorm.”

http://imageshack.com/a/img661/9517/GPj0ZT.jpg

Beverly Trca-Kitchens' beverly-trca-kitchen (http://ca.linkedin.com/pub/beverly-trca-kitchen/39/750/562) profile on LinkedIn

[littleroundman]

16. Joel Broughton is, upon information and belief, a resident of Kingston, Ontario, Canada. He is a former ZeekRewards “affiliate” and was a “net winner” of $166,669.36 under one or more usernames, including “newrichreport.”


http://imageshack.com/a/img540/1589/0qhcFO.jpg

joelbroughton.com (http://www.joelbroughton.com/)

[NikSam]

This complaint will need to get Ontario court recognition or be refilled there.

[littleroundman]

Kenneth D. Bell, Esq., the Court-appointed Temporary Receiver for over the estate of Rex Venture Group, LLC d/b/a ZeekRewards.com, has this week released the RECEIVER’S STATUS REPORT FOR THE SECOND QUARTER OF 2014 (https://sites.google.com/a/asdupdates.com/files-website/zeek-rewards-sec-case/ZeekDoc273-main.pdf?attredirects=0&d=1)

Some highlights:

http://imageshack.com/a/img540/3699/GJJPib.jpg

http://imageshack.com/a/img901/1826/Nh7NQl.jpg

http://imageshack.com/a/img905/6099/2Bwgqu.jpg

http://imageshack.com/a/img540/2939/CtuDnG.jpg

http://imageshack.com/a/img537/96/npLK7A.jpg

http://imageshack.com/a/img674/9114/gnxdtj.jpg

http://imageshack.com/a/img674/3206/wwlJZU.jpg

http://imageshack.com/a/img537/7793/xs3ate.jpg

http://imageshack.com/a/img633/2365/dT1QlK.jpg

http://imageshack.com/a/img661/2459/SxtaTn.jpg

http://imageshack.com/a/img537/3424/NgNmIc.jpg

http://imageshack.com/a/img537/5099/WzCRv5.jpg

[littleroundman]

The Dispatch.com (http://www.the-dispatch.com/article/20141113/NEWS/311139988) is today reporting:

http://imageshack.com/a/img908/6676/hdUNpK.jpg

[littleroundman]

Latest update from the Zeek Rewards Receivership (http://www.zeekrewardsreceivership.com/) website

http://imageshack.com/a/img674/9474/xWpE4B.jpg

[littleroundman]

Another obstacle to justice being served out of the way:

http://imageshack.com/a/img907/3139/3TUKGG.jpg
http://imageshack.com/a/img674/3118/mOuu4i.jpg

You can read the entire 16 page document here:https://drive.google.com/viewerng/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo3 OGMxYzJhYTg1YWI5M2Iy&u=0

(https://drive.google.com/viewerng/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo3 OGMxYzJhYTg1YWI5M2Iy&u=0)Access to Judge Mullens' ruling documents provided by courtesy of ASDUpdates (http://asdupdates.com/wordpress/)

A highlight:


Defendants, as some of the top-dollar ZeekRewards net winners, were early adopters of the ZeekRewards scheme. As a result, these named Defendants may have already dissipated much of their net winnings, which without a constructive trust would be impossible for the Receiver to trace and secure. The Receivership will likely never be able to pay victims of the ZeekRewards scheme the full amount of their losses. Without a constructive trust and the ability to trace fraudulently transferred Receivership Assets, the Receiver’s remedy at law is inadequate. Therefore, the Complaint contains sufficient allegations to warrant the imposition of a constructive trust against the Defendants.

Constructive Trust A relationship by which a person who has obtained title to property has an equitable duty to transfer it to another, to whom it rightfully belongs, on the basis that the acquisition or retention of it is wrongful and would unjustly enrich the person if he or she were allowed to retain it.

IOW, give back your net winnings, guys

[littleroundman]

In other Zeek related news, the receiver, Kenneth Bell has submitted a
CONSENT MOTION TO APPROVE SETTLEMENT AGREEMENT AND ORDER TRANSFER OF FROZEN FUNDS TO THE RECEIVER (https://e27e3f33-a-d168d237-s-sites.googlegroups.com/a/asdupdates.com/files-website/zeek-rewards-sec-case/ZeekDoc298.pdf?attachauth=ANoY7cqpHtJlWl6uO2dVR8Cn YQ-5NZKRD2oqHFI5v72gjATHsGrzxqhC9wDKW80QEjcDw_wKQsB0t SQfxJhr9NU1h7ZIoOjK6pWPUQa2aGqqfUcM-Gza7Lv2QbgiJQtCjtaX5B-RJdrVYtxJKtVtgKNy8-Hj5cyl6UUPBVGAc654Pzduvt2Zv0dgdiy305_RC3rExSQ9HIAR rK4QbZdk-WtQznm905Y2UGfzi210TlTOmWLsYUACG3JLZ1c3u-1DSVp4HESXv5Xx&attredirects=0) to the court

http://imageshack.com/a/img674/9876/VTdZij.jpg

http://imageshack.com/a/img538/6383/nf4LNq.jpg

[littleroundman]

LexisNexis Legal Newsroom (http://www.lexisnexis.com/legalnewsroom/banking/b/banking-finance/archive/2014/11/21/zeek-founder-set-for-trial-in-january-2015.aspx) is today reporting:

http://imageshack.com/a/img633/7551/Z84KXH.jpg

[littleroundman]

http://imageshack.com/a/img674/7862/EgpRap.jpg

[littleroundman]

Want to know what happens to serial ponzi pimps when they start to believe their own B/S and start treating the courts with contempt and start believing everyone else is as stupid as the pimps and their supporters are.

Todd Disner found out this week when Judge Mullen denied Disners' motion to strike and further directed the court clerk to enter default judgement against Disner.

Said default judgement, BTW, is in the amount of $2,079,757.88

http://imageshack.com/a/img673/6695/ICLT9c.jpg
http://imageshack.com/a/img633/8550/d7uMTf.jpg
http://imageshack.com/a/img661/3571/RCvUSn.jpg
http://imageshack.com/a/img913/8274/Do1WDG.jpg
http://imageshack.com/a/img910/460/WRQC4k.jpg

If anyone hasn't yet realized it, the days of serial ponzi pimps being able to simply walk away from multi million dollar frauds as if nothing had happened then moving on to the nest next-big-thing are rapidly drawing to a close.

Even courts and investigators can use Google and find forums such as this.

Once again, our thanks go out to ASDUpdates.com (http://asdupdates.com/) for providing access to Judge Mullens' order (https://drive.google.com/viewerng/a/asdupdates.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoz NjAxYTQ3YmI1ZjM4ZjIy)

[littleroundman]

http://imageshack.com/a/img537/2449/TyBl2U.jpg

Zeek Rewards Receivership (http://www.zeekrewardsreceivership.com/)

[laidback]

Ummm, I'm not the sharpest pin in the pincushion, but I'm struggling with the concept that returning fraudulently obtained money to someone would trigger a tax event unless they had used pre-tax funds. Of course, tax laws are not necessarily based on logic though.....!

[littleroundman]

HeHe,

If I was an experienced receiver dealing with millions of dollars of other peoples money, I think I would want all my "Is" dotted and my "Ts" crossed when dealing with the IRS, too

[NikSam]

I think the confusion about taxes started because some victims already reported losses to IRS after zeek was indicted.
so they wrote off the losses, and now if they got receivership refund they are not entitled to write those losses off.
The receiver just could not get a straight answer from IRS how to proceed, and deducted taxes himself.

Now since they decided not to, it must be told clear that those who filled losses have to pay them back to IRS.

[littleroundman]

I think the confusion about taxes started because some victims already reported losses to IRS after zeek was indicted.
so they wrote off the losses, and now if they got receivership refund they are not entitled to write those losses off.
The receiver just could not get a straight answer from IRS how to proceed, and deducted taxes himself.

Now since they decided not to, it must be told clear that those who filled losses have to pay them back to IRS.

Exactly.

Mr Bell didn't create the confusion and appears to have behaved as prudently as one would expect of an experienced receiver

[ribshaw]

The tax discussion got me thinking a little about Madoff and all the people who had reported their 10% a year as income to the IRS, until they found out it wasn't.


The link below might prove useful to people who claimed a theft loss from Zeek and now are getting money back from the receiver. Although I started reading it as blah blah blah after a few sentences so bringing in a pro might be wise.


Third-Party Recovery

Section 5.02 of Rev. Proc. 2009-20 provides that an investor can deduct 95% of the qualified investment in the discovery year as long as the investor is not pursuing third-party recovery; however, the percentage is 75% for an investor who is pursuing third-party recovery. Taxpayers who compute the amount of their safe-harbor deduction using the 95% are required to sign a statement—under penalties of perjury—that they have not pursued and do not intend to pursue any potential third-party recovery.

AICPA - Deducting Ponzi Scheme Losses: Practical Issues (http://www.aicpa.org/publications/taxadviser/2009/aug/pages/deductingponzischemelossespracticalissues.aspx)

[littleroundman]

http://www.irs.gov/static_assets/img/logo.png (http://www.irs.gov)


Subscriptions
Language
Information For...

Filing (http://www.irs.gov/Filing)

Refunds (http://www.irs.gov/Refunds)
Credits & Deductions (http://www.irs.gov/Credits-&-Deductions)
Forms & Pubs (http://www.irs.gov/Forms-&-Pubs)
Help & Resources (http://www.irs.gov/Help-&-Resources)
for Tax Pros (http://www.irs.gov/for-Tax-Pros)


Like - Click this link to Add this page to your bookmarks Share - Click this link to Share this page through email or social media (http://addthis.com/bookmark.php?v=250) Print - Click this link to Print this page
Help for Victims of Ponzi Investment Schemes

The IRS provides two items of guidance to help taxpayers who are victims of losses from Ponzi-type investment schemes.



Revenue Ruling 2009-9 (http://www.irs.gov/file_source/pub/irs-drop/rr-09-09.pdf) provides guidance on determining the amount and timing of losses from these schemes, which is difficult and dependent on the prospect of recovering the lost money (which may not become known for several years).
Revenue Procedure 2009-20 (http://www.irs.gov/file_source/pub/irs-drop/rp-09-20.pdf) simplifies compliance for taxpayers by providing a safe-harbor means of determining the year in which the loss is deemed to occur and a simplified means of computing the amount of the loss.


For an overview of this guidance, see IRS Commissioner Doug Shulman's March 17, 2009, testimony before the Senate Finance Committee (http://www.irs.gov/uac/Commissioner-Shulman%27s-Senate-Finance-Testimony-on-Ponzi-Schemes-and-Offshore-Tax-Evasion-Legislation) on tax issues related to Ponzi schemes.

Questions and Answers



FAQs Related to Ponzi Scenarios for Clawback Treatment

(http://www.irs.gov/uac/FAQs-Related-to-Ponzi-Scenarios-for-Clawback-Treatment)
Do you have questions on what to do if you've invested in a Ponzi scheme? If so, these questions and answers (http://www.irs.gov/uac/Ponzi-Scheme-Questions-and-Answers) may help.
Do you have questions on what to do if you took a tax loss due to a Ponzi scheme investment but later recovered some of your investment? If so, these questions and answers (http://www.irs.gov/uac/Theft-Losses-from-Investments-in-%E2%80%9CPonzi%E2%80%9D-Schemes:-Tax-Treatment-of-Distributions-Received-From-a-Trustee-Receiver) on the tax treatment of distributions received from a trustee/receiver may help. A trustee or receiver may use this information to respond to questions from investors and may include a copy of these questions and answers with any distributions sent to investors.



IRS Help for Victims of Ponzis (http://www.irs.gov/uac/Help-for-Victims-of-Ponzi-Investment-Schemes) webpage

[littleroundman]

The Zeek Rewards / RVG receiver, Mr Kenneth D Bell has filed a lawsuit, entitled Bell v. Bjerring et al (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 NjVjYTRlYWZjZjU1OGU2) seeking to reclaim funds from alleged Australian net winners:

http://imageshack.com/a/img537/7386/aR68qx.jpg

With the compliments of Don at ASDUpdates.com (http://asdupdates.com/wordpress/) the original document can be viewed HERE (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 NjVjYTRlYWZjZjU1OGU2)

[EagleOne]

Darn! SuperGranny, Mary Bosveld, wasn't on the list. Just surprised she settled. Probably the smartest thing she has done in a long time.

[Whip]

Darn! SuperGranny, Mary Bosveld, wasn't on the list. Just surprised she settled. Probably the smartest thing she has done in a long time.

it is kinda shocking after she said how wrong we were. lmao

[littleroundman]

The Court appointed receiver in the matter of Paul Burks / RVG / Zeek Rewards has issued a complaint (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 NjNhMDhlNDQ4ZjYzMDNm) seeking to recoup money from Canadian based net winners

http://imageshack.com/a/img673/8537/Cy5kTe.jpg

The entire document can be viewed HERE (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 NjNhMDhlNDQ4ZjYzMDNm)

Once again we would like to thank Don of ASDUpdates.com (http://asdupdates.com/) for providing access to Zeek related court documents

[Realname]

Do all "netwinners" used real names to register in zeekrewards?? I don't think so.... Many were fake and withdraw funds to STP....

[littleroundman]

Do all "netwinners" used real names to register in zeekrewards?? I don't think so.... Many were fake and withdraw funds to STP....

No, they don't.

It's one of the reasons there's always a large discrepancy between the numbers of member and the number of members approved for refunds.

Serial HYIP ponzi players, NEVER use real names or traceable bank or credit card accounts.

Another reason HYIP ponzi frauds like Zeek are so dangerous, no one knows where the money has gone or what it is financing.

[Realname]

No, they don't.

It's one of the reasons there's always a large discrepancy between the numbers of member and the number of members approved for refunds.

Serial HYIP ponzi players, NEVER use real names or traceable bank or credit card accounts.

Another reason HYIP ponzi frauds like Zeek are so dangerous, no one knows where the money has gone or what it is financing.

The problem is that many used fake docs to verify their accounts. I'm not sure if Zeekrewards had a verification process like Bannersbrokers and other ponzis. I know many newbies who usually send real docs to verify accounts in ponzi programms which is something that should never be done because of the risk of identity theft....

[littleroundman]

The Clerk of Court has today issued an order granting a default judgement (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo3 NGFiMDNkYzA1ZTZiMDlj) against Catherine Parker in the amount of $213,953.13, which is comprised of $179,656.05 in principal and $34,297.08 judgment interest from August 14, 2012 to January 2, 2015.

http://imageshack.com/a/img911/2326/bO4rrm.jpg
http://imageshack.com/a/img908/176/nVF8pP.jpg

[littleroundman]

The clerk of court has granted the receivers motion for default judgment as to:

Leon Killam (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 OTY0NWY1ODUwODUwN2My) in the amount of $124,464.33 which is comprised of $108,690.96 in principal and $20,773.37 in prejudgment interest from August 13, 2012 to January 2, 2015

Yong Sheng Wang (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo2 MmMxYWEyNGNkZjdmZTYz) in the amount of $105,917.36 which is comprised of $88,579.86 in principal and $17,337.40 in prejudgment interest from July 23, 2012 to January 2, 2015

Brian Fussey (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDox MzA4ZDdmZTQ0N2NmNmI) in the amount of $81,332.31, which is comprised of $68,294.59 in principal and $13,037.72 in prejudgment interest from August 14, 2012 to January 2, 2015.

James Macelwain (https://drive.google.com/viewerng/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDoz MzM4ZjRjNTBlNzk4ZDE2) in the amount of $78,037.74, which is comprised of $65,516.09 in principal and $12,521.65 in prejudgment interest from August 13, 2012 to January 2, 2015.

Mei-Ping Liang (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo2 ODFkN2ZkOTg3ZGVmNTRl) in the amount of of $60,662.87, which is comprised of $50,863.61 in principal and $9,799.26 in prejudgment interest from August 6, 2012 to January 2, 2015.

In all cases, Postjudgment interest will accrue on the entire Judgment, including the award of prejudgment interest, at the rate specified under 28 U.S.C. § 1961 from the date of entry of the Judgment until paid in full.

Once again, our thanks go out to ASDUpdates (https://sites.google.com/a/asdupdates.com/files-website/) for providing access to court documents

[littleroundman]

Many readers will remember when Defendants Jerry Napier, Trudy Gilmond, and Trudy Gilmond LLC (“Gilmond LLC”) issued counterclaims against the court appointed receiver for Zeek Rewrads / RVG for breach of contract and setoff; Defendant Darren Miller asserted counterclaims for breach of contract, tortious interference, conversion, and setoff and Defendants Durant Brockett, Aaron Andrews, Shara Andrews, Innovation Marketing LLC (“Innovation Marketing”), and Rhonda Gates asserted identical versions of counterclaims for breach of contract, tortious interference, money had and received, 42 U.S.C. § 1983, and unfair trade practices

http://imageshack.com/a/img901/7083/uVKhaR.jpg
http://imageshack.com/a/img912/2052/jOEaE5.jpg

This week came news:

http://imageshack.com/a/img661/9981/SaOPkL.jpg

[EagleOne]

Kenneth Bell, the receiver in the Zeek case, filed this with the court in regard to Todd Disner's appeal of the summary judgment:

Mr. Disner has failed to meet the threshold showing necessary to succeed on a Rule 60(b) motion, as this Court previously ruled when deciding Mr. Disner’s motion to set aside the entry of default. Furthermore, he has failed to clearly establish any of the grounds necessary to allow the default judgment against him to be vacated. The Receiver does not believe the motion warrants further substantive argument, however, if the Court desires a supplemental analysis or explanation why the motion should be denied, the Receiver respectfully requests the opportunity to supplement this memorandum before the Court renders a decision.

Thanks to ASD Updates for the information:ASDUpdates.com (http://asdupdates.com/wordpress/)

[Gregg]

So Bell is saying, in legalese....


Your Honor,
Disner has made an attempted argument so pathetic that we don't even think we have to answer it beyond saying "bitch, please!" but if you think we need to waste time saying WHY this is a stinking pile of ****, please say so before you decide and we will

or just

"Bitch, please!"

[littleroundman]

http://imageshack.com/a/img903/8700/TsJ0WJ.jpg

default judgement issued against David Sorrell (https://docs.google.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo2 YjdiZDMyYjFmZWVkMjQ2)

[littleroundman]

http://imageshack.com/a/img631/5923/kpvQbX.jpg

Zeek Rewards Receivership (http://www.zeekrewardsreceivership.com/)

One wonders how many of the non responders are serial HYIP ponzi players who either don't want to be found or contacted or don't really exist.

[NikSam]

...
One wonders how many of the non responders are serial HYIP ponzi players who either don't want to be found or contacted or don't really exist.[/B]

Most , probably in-profit, hoped to get ill gotten gains.
Some, foreigners with lack of english, for them it is hard to understand and prepare what the receiver needs, i met few, they abandoned the task.
Some, emails from receiver are sitting in SPAM folders.
Some used faked identities (common within Serial HYIP players)
And some used offshore bank accounts they do not want GOV to know :)

[littleroundman]

Paul Burks was scheduled to make an appearance on Monday, March 16 to face on federal charges of wire-and mail-fraud conspiracy, wire and mail fraud, and tax-fraud conspiracy.

The Winston-Salem Journal Now (http://www.journalnow.com/business/business_news/local/court-appearance-delayed-in-zeekrewards-case/article_60e8c480-cbf1-11e4-9e9c-97b41890a2d5.html) website is today reporting:

http://imageshack.com/a/img673/3586/y9ouQq.jpg

You can view the entire original story here on journalnow.com (http://www.journalnow.com/business/business_news/local/court-appearance-delayed-in-zeekrewards-case/article_60e8c480-cbf1-11e4-9e9c-97b41890a2d5.html)

[Whip]

this should be good for a few more conspiracies over at Oz's

[littleroundman]

The Zeek Rewards receiver has released released his Status report for the first quarter 2015 (https://docs.google.com/a/asdupdates.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 MjY5MTFkMTdiZjMyZjg0)

Some highlights:


a. Accounts for Holding Receivership Assets
The Receiver currently maintains six bank accounts on behalf of the Receivership Estate for holding Receivership Assets: the “Affiliate Account,” the “Seized Asset Account,” the “Pre-Filing Account,” the “Settlement Account,” the “Withholding Account,” and the “Holdback Account.”
Excluding earned interest and transfers between accounts, the Receiver made the following deposits into these accounts during the first quarter of 2015:

 $1,577,043.06 into the Settlement Account from settlements with non-affiliate third parties;
 $520,250.00 into the Affiliate Account from payments from various financial institutions relating to previously dishonored cashier’s checks, teller’s checks, official checks, and bank money orders.
As of March 31, 2015, the Receivership Estate held approximately $91.3 million in the Affiliate Account, approximately $89.3 million in the Seized Asset Account, approximately $293,000 in the Pre-Filing Account, approximately $6.3 million in the Settlement Account, $0 in the
Withholding Account, and approximately $1.1 million in the Holdback Account.



b. Outstanding and Dishonored Negotiable Instruments
In the quarter ending March 31, 2015, the Receiver’s conflicts counsel, Erwin, Bishop, Capitano & Moss, P.A. (“EBCM”) continued work to resolve claims against various financial institutions arising from outstanding and dishonored cashier’s checks, teller’s checks, official checks, and bank money orders.
During the quarter, EBCM received payments on behalf of the Receiver from three financial institutions in the gross amount of $520,250.00. Four additional claims are in the process of being resolved, and EBCM anticipates that this will result in a recovery of $74,941.00 during the second quarter.
As of March 31, 2015, EBCM was working thirty-one active claims against financial institutions currently valued at $310,261. The thirty-one remaining claims are at an impasse and require litigation activity for collection. EBCM filed a motion seeking an order to show cause or turnover Receivership Assets against the financial institution with the largest outstanding claim, and it anticipates this claim being resolved during the second quarter.
Similar proceedings on remaining claims relating to outstanding and dishonored cashier’s checks and other instruments are planned for the second quarter.
EBCM also prepared claim stipulations for eligible financial institutions and related parties that paid money to the Receivership to resolve claims for outstanding or dishonored negotiable instruments after the court-authorized December 1, 2013 claims deadline for certain financial instruments. As of March 31, 2015, claim stipulations were complete or in process for thirty-four financial institutions. In addition, the Receiver Team has been working on stipulated claims for affected individuals.


c. Funds Held by E-Wallets
The Receiver Team is awaiting a ruling on its Motion for an Order Directing NxSystems to Turn Over Receivership Assets and/or Find them in Contempt of the Court’s Order Freezing Receivership Assets regarding the approximately $9 million outstanding.


d. Additional Asset Recovery
During the first quarter, the Receiver Team continued litigation against Preferred Merchants and Jaymes Meyer to recover the approximately $4.8 million they improperly transferred and failed to return in violation of the Freeze Order. Pursuant to the Court’s Orders on the pending motions relating to these outstanding assets, the Receiver Team deposed Jaymes Meyer and collected additional documents and information relating to these assets.
In addition, the Receiver Team filed motions to secure the properties purchased and/or improved with Receivership Assets that Preferred Merchants and Jaymes Meyer received or improperly transferred to themselves from the Receivership Defendant. One property in the Turks & Caicos
Islands has been frozen, and the Court has issued an order directing that it be transferred to the Receiver. The estimated value of this property is believed to be over $2 million. In addition, Mr. Meyer agreed to a lis pendens upon California real property that he purchased with
Receivership Assets for over $400,000.
The Receiver Team also continued litigation against Plastic Cash and Brian Newberry, including Plastic Cash’s and Brian Newberry’s production of additional information and a mediation among the parties. The parties are still in discussions toward finalizing a settlement.


e. Foreign Accounts
The Receiver Team is continuing its investigation and pursuit of outstanding funds from Payza, Payment World, Solid Trust Pay, and Cyber Profit. With regard to the outstanding Receivership Assets from Payza and/or Payment World, the Receiver Team issued a demand to Payza, Payment World, and VictoriaBank in Moldova.
The Receiver Team also continues to pursue options to recover assets directly from VictoriaBank in Moldova. The Receiver Team will continue to explore all available options, including litigation, to recover the outstanding funds. With respect to Solid Trust Pay, the Receiver Team has issued a demand to Solid Trust Pay for approximately $1.6 million in outstanding Receivership Assets and is awaiting additional
information from Solid Trust Pay to evaluate its response to the Receiver’s Demand.



6. Litigation in the SEC Enforcement Action

The Receiver Team litigated the following matters in the SEC Action:
 The Receiver Team filed a response brief in the Fourth Circuit Court of Appeals regarding the Belsome movants’ appeal of the striking of attorney charging liens.
 The Receiver Team continued litigation seeking the return of Receivership Assets from NxSystems.
 The Receiver’s conflicts counsel filed a Motion for Order to Show Cause or Turn Over Receivership Assets Against Compass Bank.
 The Receiver team continued litigation to recover Receivership Assets from James Meyer and Preferred Merchants Solutions, LLC.
The Receiver team also took part in various communications, negotiations, and settlement discussions in seeking the return of Receivership Assets from multiple third party financial institutions and operators.


With grateful thanks to Don at ASDUpdates (http://asdupdates.com/wordpress/) for providing access to the Receivers' report which can be viewed in its' entirety HERE (https://docs.google.com/a/asdupdates.com/viewer?a=v&pid=sites&srcid=YXNkdXBkYXRlcy5jb218ZmlsZXMtd2Vic2l0ZXxneDo0 MjY5MTFkMTdiZjMyZjg0)

[littleroundman]

ASD Updates (http://asdupdates.com/wordpress/archives/6423) has obtained copies of Senior Judge Graham C.Mullens' orders granting the receiver’s Motion for Default Judgments against Jerry Napier and Trudy Gilmond,

http://imageshack.com/a/img910/5656/zsLalS.jpg

[littleroundman]

ASDUpdates (http://asdupdates.com/wordpress/archives/6454) is today reporting:

http://imageshack.com/a/img540/7694/Vd26Uv.jpg

[littleroundman]

ASDUpdates (http://asdupdates.com/wordpress/) is reporting default judgement has been granted against all the Canadian "winners" as was requested by the receiver:

http://imageshack.com/a/img538/1209/PEbmIf.jpg

[littleroundman]

ASDUpdates (http://asdupdates.com/wordpress/archives/6452) is reporting Judge Cogburn has ordered a further continuance until the May 2016 term for trial commencement in the Paul Burks matter.

May 2016 sits approximately in the middle range of the September 2016 date requested by Burks' defense team and the November 2015 trial requested by the SEC.

http://imageshack.com/a/img905/7229/x5I2Cw.jpg

[littleroundman]

ASDUpdates.com (http://asdupdates.com/wordpress/archives/6459) has provided extracts from Zeek Rewards receivership related court documents:

http://imageshack.com/a/img907/9687/DuBiSR.jpg
http://imageshack.com/a/img537/1230/j3bZ63.jpg

[kschang]

Translation: return the money nicely so I won't sue you into the ground as a co-conspirator. :)

[littleroundman]

http://imageshack.com/a/img537/7868/0Dyxs2.jpg

You can view the original receivers' June 18 announcement on the ZeekRewardsReceivership website (http://www.zeekrewardsreceivership.com/)

[Char]

50,000 claimants have not completed the process to recover funds. Now the participants of this Ponzi scheme (claimants) are suggesting that money go to them.

Mr. Receiver,
How about using unclaimed money to educate the public on how to recognize a scam, and why to avoid recruitment based opportunities?

[okosh]

Mr. Receiver,
How about using unclaimed money to educate the public on how to recognize a scam, and why to avoid recruitment based opportunities?

We tried that idea here in Australia....Even after we spent tens of millions of tax payers dollars to educate the public Aussies were still scammed $89million in 2013....With a population of 21 million that's like $4 scammed off every man woman and child.....

Better to spend the cash on hospitals and schools.....JMO of course...

http://www.abc.net.au/news/2014-06-16/australians-lost-millions-in-2013-scams/5522758

[Char]

We tried that idea here in Australia....Even after we spent tens of millions of tax payers dollars to educate the public Aussies were still scammed $89million in 2013....With a population of 21 million that's like $4 scammed off every man woman and child.....

Better to spend the cash on hospitals and schools.....JMO of course...

Scams cost Australians $89 million in 2013, says Australian Competition and Consumer Commission - ABC News (Australian Broadcasting Corporation) (http://www.abc.net.au/news/2014-06-16/australians-lost-millions-in-2013-scams/5522758)

Good to know and that only further supports my position to make RBOs (recruitment based opportunities) illegal - as well as having an education campaign.

Even if educated and forwarned, I could see the lure of easily money making people rationalize why "this one" is different.

"This one is different" IMO is why these things are able to continue to scam people year after year. It is why people like Simon Stepsy can have a laundry list of schemes, yet people give him money. If there was a clearer guideline, as in any and all RBOs, there would be no excuse or confusion.

I agree with you about the recovered money going to hospitals, schools, and I'll add charities. I still think some should go to education however.

In the Zeek case, money is already being distributed and I specifically saw those unclaimed funds as an opportunity to put to good use. If I had it my way, ALL of the recovered funds would be going to some organization.

I believe that drastic measures, laws and lost money, is the only way this cycle will be broken.

[littleroundman]

Good to know and that only further supports my position to make RBOs (recruitment based opportunities) illegal - as well as having an education campaign.

The problem is, recruitment based / endless chain recruitment / pyramid schemes ARE illegal.

There's no need to change the laws, they're already in place and more than adequate.

What's missing is the political will on the part of legislators and the resources available to law enforcement agencies.

Thankfully the diverting of resources away from ponzi / pyramid prosecution which took place during the "war on terror" era has been slowly rectified, as can be evidenced by the amount of prosecutions in the USA since the inception of FinCEN (Financial Fraud Enforcement Task Force) i.e. Zeek, TelexFree and Achieve as well a the hardline being taken with promoters and "winners" of the various schemes

It would be a very brave and / or stupid person attempting to start a large scale pyramid / ponzi in the USA today.

For example, I don't think it's any accident My Advertising Pays is based largely in the UK or that OneCoin / Lyoness / UFun and others have avoided the US as much as is possible.

IM(very)HO, we will see an even greater crackdown in the coming months / years by the various agencies involved

[Char]

But people can't tell the difference between them. They are told that this one is legal because we have a product. Or, we have retail customers and we can even sell them to you for x amount.

Sure MLM is legal if you sell retail BUT NO ONE DOES. They don't want to and it practically doesn't fly. Amway and Mary Kay are living proof.

I know there is one common denominator in all the schemes, including the so-called legal ones, and that is recruitment based.

However they choose to address it, I don't think it will be effective unless all RCOs are encouraged to be avoided.

[ribshaw]

It's curious of the 50,000 people in Zeek that did not sign the release many have called and asked for help with the paperwork. How does one get involved in an online scheme but not know how to use a computer? I also somewhat cynically (or maybe not) assumed many were too lazy to be bothered. I wonder about the results and trade-offs of education, punishment, or doing nothing and letting people learn the hard way. There is after all the old saw "you can't cheat an honest man."

When I first heard about Zeek it sounded like BS. I like to think most people would have had the same reaction, or with just a little information on how a Ponzi works could have been easily deterred. Of those that signed up, how many were riding the Ponzi and how many truly thought Zeek a serious opportunity? Of that last subset, how many should have a court appointed guardian and their computers unplugged? That the infirm are targeted makes the strongest case for maintaining a legal system, albeit rather ineffectual.

Criminally speaking, the people that have a cult following allowing them to pull in millions need to be sentenced for very long stretches, 20-30 years. This would not only send a message, but make a cache of stolen funds all but worthless to them.

What of the people in the "middle" that continue to fall for these scams? Prior to writing about it, I never would have dreamed some people could be so thick. Even after years of following MLM and that "you're so stupid" attitude for not seeing the vision. Ad Surf Daily, Banners Broker, and MAPS all fundamentally the same scam, what's another $100M down the toilet? Two FX trading scams collapsed within the last year with losses estimated over a billion in each. WTF?

What really can be done for the non serial players that think they have found a real business other than let them lose their money? If people send money to a mail drop on the premise of massive returns and then want to argue how smart they are.:RpS_confused::RpS_confused::RpS_confused:


Not that Zeek could have been sold short, this was a thought provoking piece the other day. Don't Silence Short Sellers, They Play An Important Role - Investors.com (http://news.investors.com/ibd-editorials-viewpoint/061515-757328-short-sellers-better-than-sec-in-identifying-corporate-fraud.htm)

Happy that threads get 50,000-100,000 views as I have to think some people are keeping their money safe, on the other hand when a $100M scam is barely a blip it does lead to some neck rubbing and head shaking.

[Fat City, LA]

Good news. The 2nd checks have arrived and are being cashed.
60% of money put in. 80% back at some point looking realistic.

[Fat City, LA]

ANNOUNCEMENT FROM THE RECEIVER – August 5, 2015
On July 31, 2015 we mailed 112,374 distribution checks to eligible claimants in the total amount of $89,200,834.29. Including that distribution, we have made distributions totaling $246,048,079.29.
Distribution checks have not been mailed to 9,394 claimants because the amount of each distribution check would have been less than $100. Due to cost efficiencies, the Court orders provide that distribution checks below $100 will not be mailed until the end of the receivership and payment of final distributions. We have created a reserve to insure those claimants will be paid at the same rising tide distribution percentage as all other claimants. If a claimant’s distribution amount reaches an amount in excess of $100.00 before the final distribution, the claimant will be paid.
Unfortunately, approximately 35,400 claimants were not mailed a distribution check on July 31 because they still have not electronically signed the release and OFAC certification required by Court orders. Had these claimants done so we would have mailed an additional $46,237,165.62 in distributions. We have posted an instructional video on this site showing how these forms can be electronically signed. You may review that video by following this link: ZeekRewards Receivership Website (http://www.zeekrewardsreceivership.com/OFACandRelease). Those who do so before October 20, 2015 will be mailed their interim partial distribution representing 60% of their allowed claim (calculated using the rising tide method) on October 31, 2015.
Efforts to recover additional funds for the benefit of claimants continue. I fully expect that we will recover tens of millions of additional dollars that we can then distribute to claimants. It is not possible to project with any certainty, but I believe that total recovery by eligible claimants will exceed 70% by the closing of the receivership case.
I greatly appreciate your continued support and patience as we work on your behalf.

[littleroundman]

ASD Updates (http://asdupdates.com/wordpress/archives/6677) is reporting the court has allowed a default judgement against former Zeek Rewards net winner, David Sorrells in the amount of $1,197,241.12 and authorized the receiver to move ahead with collection proceedings:

http://imageshack.com/a/img910/3861/4oWP6W.jpg

[littleroundman]

Don at ASDUpdates.com Wordpress (http://asdupdates.com/wordpress/) is reporting the Receiver for Zeek Rewards has filed suit against Gerald Nehra and Richard Waak and the law offices of Nehra and Waak.

ASDUpdates has kindly made available a copy of the complaint in .pdf format which can be downloaded HERE (https://sites.google.com/a/asdupdates.com/files-website/zeek-15-cv-437-bell-v-nehra)

Some highlights:

http://imageshack.com/a/img910/1483/TKR4SF.jpg

http://imageshack.com/a/img905/2897/aBAjye.jpg

http://imageshack.com/a/img909/7349/tTCQB2.jpg

http://imageshack.com/a/img908/295/B6k7Ed.jpg

http://imageshack.com/a/img903/20/nA4tFv.jpg
http://imageshack.com/a/img910/6289/HLwDeb.jpg

http://imageshack.com/a/img909/6558/uTkSsd.jpg

http://imageshack.com/a/img633/1688/CloIYx.jpg

http://imageshack.com/a/img903/2713/xsBbTG.jpg

http://imageshack.com/a/img911/7283/ATdrSs.jpg

http://imageshack.com/a/img901/1249/gxrUeU.jpg

http://imageshack.com/a/img907/5458/rKrMjQ.jpg

http://imageshack.com/a/img901/7546/byAqNt.jpg

http://imageshack.com/a/img911/6627/dmlF86.jpg

http://imageshack.com/a/img908/3090/6JLUdb.jpg

[laidback]

Good to see Bell go after the crooked lawyers that enabled Zeek. It is really surprising that Nehra and his partner weren't a lot more careful!

[Fat City, LA]

ANNOUNCEMENT FROM THE RECEIVER – October 22, 2015
Since September 30, 2014 we have distributed nearly $245 million to affiliate claimants. At the end of October we will issue approximately 1,500 distribution checks to claimants who have not already received a distribution because they had not previously submitted the release and OFAC certification required by the Court. Please note that all distributions are made to affiliates who filed a claim by the Court ordered deadline of September 5, 2013, and have had their claim allowed. I have no authority to allow claims filed after that date. Contrary to misinformation circulating among some affiliates, there are no new claims being accepted.
Unfortunately, approximately 44,400 Affiliate claimants have accepted claim determinations, but have not submitted the required release and/or OFAC certification that is necessary to allow me to pay those Affiliates. If you are in this group, please log in to the claim portal and provide those documents through the webform available in the claim portal. Doing so will permit me to pay you on account of the money you are owed.
Nearly 6,000 claims eligible to be paid have not yet been sent a distribution because the amount to be paid is less than $100. It would be an inefficient expense to send distribution checks for an interim distribution for less than $100 followed by a final distribution check. We will send distribution checks to all eligible claimants at the end of the receivership.
Many non-US claimants have reported difficulty in cashing or depositing distribution checks. We are considering asking the Court for authority to make distributions to overseas claimants by wire transfer. However, wire transfer fees range from $25 to $50, an expense that would have to be borne by the claimant. Also, there would be added expenses to the receivership to solicit, receive, process and maintain required additional information from claimants, as well as additional bank fees and further governmental requirements and disclosures. It is not clear that such additional expenses are a good and fair use of receivership funds.
Many of you have asked when the receivership will end, and when a final distribution will be made. We are in litigation, or pre-litigation negotiations, with individuals and institutions seeking to recover millions of dollars on your behalf. Most notably, we continue our litigation against a class of more than 9,400 net winners (those who took more money out of the Ponzi scheme than they put in) in the United States and in several foreign countries. Litigation takes time, and collecting on the judgments we expect to win against the net winners will also take time. I can’t tell you how long. If the receivership at any time holds sufficient funds to make another interim distribution cost effective we will do so.
Finally, we have been contacted by numerous Affiliate claimants regarding the lack of 1099s being issued on account of tax withholdings that were made from such Affiliate claimant's distributions. On December 19, 2014, I announced that there would no longer be tax withholdings made on account of distributions to be made by the Receivership and any amounts that were previously withheld on account of prior distributions would be paid out to the Affiliate claimant from which money was withheld. Distribution of these withholding amounts was made in late 2014. As such, no taxes have been withheld from any Affiliate claimant's distribution and no 1099s need to be issued. Additionally, we have consulted with tax professionals and determined that the Receivership estate will not issue 1099s, even if requested by the claimant.
I greatly appreciate your continued support and patience as we work on your behalf.

[littleroundman]

http://imageshack.com/a/img908/7648/EczH7u.jpg

Zeek Rewards net winner class (http://www.zeeknetwinnerclass.com/index) website

[E2014T]

It is really surprising that Nehra and his partner weren't a lot more careful!
It is indeed. It takes so much time and effort to get through law school and get established in the profession, it's not worth throwing it all away by getting involved in a somewhat obvious scheme.

[littleroundman]

Well, well, well,

In another sign the times really are a changin', the SEC has charged (http://www.sec.gov/litigation/litreleases/2015/lr23421.htm) Trudy Gilmond with securities fraud, selling unregistered securities and failure to register as a broker-dealer..

Gilmond becomes the first individual Zeek promoter charged.

Is this a sign pimps and promoters HYIP ponzis and pyramids can no longer expect to walk away from their activities untouched ???

http://imageshack.com/a/img910/8066/vGdLQN.jpg

SEC Litigation release (http://www.sec.gov/litigation/litreleases/2015/lr23421.htm)

SEC Complaint (http://www.sec.gov/litigation/complaints/2015/comp23421.pdf)

[Whip]

kinda wonder if they would have done this if she turned over the coin they were looking to recover.

[ProfHenryHiggins]

Certainly took long enough considering the number of schemes that Trudy and her partner Kala openly pushed for years.

[littleroundman]

In further Zeek Rewards related news, ASDUpdates (http://asdupdates.com/wordpress/archives/6846)is reporting an arrest warrant has been issued for former Zeek insider, Darryle Douglas:

http://imageshack.com/a/img905/716/QdsdGi.png

[littleroundman]

The Winston-Salem Journal (http://www.journalnow.com/business/business_news/local/e-wallet-group-agrees-to-pay-million-to-zeekrewards-receivership/article_a12c6904-bf93-55a1-95d2-b2479bbd39c8.html) is reporting:

http://imageshack.com/a/img905/456/3eshm8.png

You can read the original story here on Winston-Salem Journal.com (http://www.journalnow.com/business/business_news/local/e-wallet-group-agrees-to-pay-million-to-zeekrewards-receivership/article_a12c6904-bf93-55a1-95d2-b2479bbd39c8.html)

[littleroundman]

Judge Mullen has approved NXSystems' proposed settlement agreement with the receiver:

http://imageshack.com/a/img911/2391/cCpA60.png

[littleroundman]

http://imageshack.com/a/img923/6379/rw1If1.png

Zeek Rewards receivership.com (http://zeekrewardsreceivership.com/)

[littleroundman]

The Winston-Salem Journal (http://www.journalnow.com/business/business_news/local/zeekrewards-receiver-has-permission-to-pursue-million-in-assets/article_0d7ff3e5-e2fc-5db1-bf75-5ae2f0124362.html) is reporting Judge Graham Mullen has approved Zeek Rewards' receiver, Kenneth Bells' motion.

http://imageshack.com/a/img922/1350/7aA8fl.png

You can read the original article here at journalnow.com (http://www.journalnow.com/business/business_news/local/zeekrewards-receiver-has-permission-to-pursue-million-in-assets/article_0d7ff3e5-e2fc-5db1-bf75-5ae2f0124362.html)

[okosh]

In further Zeek Rewards related news, ASDUpdates (http://asdupdates.com/wordpress/archives/6846)is reporting an arrest warrant has been issued for former Zeek insider, Darryle Douglas:

http://imageshack.com/a/img905/716/QdsdGi.png

Darryle Douglas has been arrested.....

BULLETIN: Darryle Douglas, Alleged Zeek Insider, Arrested - PatrickPretty.com (http://patrickpretty.com/2016/03/09/bulletin-darryle-douglas-alleged-zeek-insider-arrested/)

[laidback]

Darryle Douglas has been arrested.....

BULLETIN: Darryle Douglas, Alleged Zeek Insider, Arrested - PatrickPretty.com (http://patrickpretty.com/2016/03/09/bulletin-darryle-douglas-alleged-zeek-insider-arrested/)

And the loop draws ever tighter...! Judge Mullen doesn't screw around, does he?

[littleroundman]

It's often said "the wheels of justice turn slowly" and nowhere is that more true than in the case of the Zeek Rewards $600 + million dollar ponzi / pyramid.

Slow, perhaps, but they DO turn and apparently fast enough to give Paul Burks and his legal team cause to choke on their Cornflakes.

The Winston-Salem Journal (http://www.journalnow.com/business/business_news/local/zeekrewards-executive-wants-access-to-sealed-filings-in-criminal-case/article_2b50690b-561f-5134-bb82-7f29e4d46f8b.html) is reporting:

http://imageshack.com/a/img924/8281/MJNhUS.png

You can read the original article here on WWW.JOURNALNOW.com (http://WWW.JOURNALNOW.com)

[littleroundman]

In further news, the court appointed receiver for Zeek Rewards, (http://www.zeekrewardsreceivership.com/) Mr Kenneth Bell is continuing his relentless pursuit of those involved in the Zeek Rewards scheme, as reported on The Dispatch.com (http://www.the-dispatch.com/article/20160316/NEWS/160319834)

http://imageshack.com/a/img921/3676/pnVN6R.png

You can read the original article here at The Dispatch.com (http://www.the-dispatch.com/article/20160316/NEWS/160319834)

[laidback]

This "industry" needs more receivers like Bell and judges like Mullen! They are turning out to be the pit bulls of the ponzi world!

[okosh]

In further news, the court appointed receiver for Zeek Rewards, (http://www.zeekrewardsreceivership.com/) Mr Kenneth Bell is continuing his relentless pursuit of those involved in the Zeek Rewards scheme, as reported on The Dispatch.com (http://www.the-dispatch.com/article/20160316/NEWS/160319834)


You can read the original article here at The Dispatch.com (http://www.the-dispatch.com/article/20160316/NEWS/160319834)

So New Bridge investigated the sudden growth...Knew or should have known that Burks was running a ponzi scheme....Did a deal with Burks which allowed them to make profit from the scam....

Obvious question is why weren't those involved from within New Bridge indicted and prosecuted for their part in the scam??...Paying back $10million seems a lil lenient to me....Criminal charges would be more appropriate IMO...

[Fat City, LA]

Id love to see hammer come down on Payza next. I feel it coming.

URGENT >> BULLETIN >> MOVING: Zeek Vendor Pleads Guilty To Obstructing Probe - PatrickPretty.com (http://patrickpretty.com/2016/03/25/urgent-bulletin-moving-zeek-vendor-pleads-guilty-obstructing-probe/#comments)

[littleroundman]

Further fallout from the Zeek Rewards fraud, with the US Department of Justice announcing (https://www.justice.gov/usao-wdnc/pr/financial-services-company-executive-pleads-guilty-obstruction-justice-0) yet another successful Zeek related prosecution:

http://imageshack.com/a/img922/8462/sh57Sw.png

You can view the original Department of Justice press release here: HERE (https://www.justice.gov/usao-wdnc/pr/financial-services-company-executive-pleads-guilty-obstruction-justice-0) on the DoJ website

[littleroundman]

Latest information from the Zeek Rewards Receivership (http://www.zeekrewardsreceivership.com/) website

http://imageshack.com/a/img923/9636/pKnfH7.png

[littleroundman]

http://imageshack.com/a/img923/4795/UMxzjy.png

Zeek Rewards Receivership.com (http://www.zeekrewardsreceivership.com/)

[Fat City, LA]

Bunch of scumbags have a fat bill coming soon.

"ANNOUNCEMENT FROM THE RECEIVER – July, 1, 2016
The trial of Paul Burks in United States District Court, Western District of North Carolina (Charlotte) is scheduled to begin on July 5, 2016. The trial is open to the public. We will be monitoring the trial and will keep you updated. The indictment against Mr. Burks can be viewed at this link.
Also, yesterday we filed a motion for summary judgment, a memorandum in support of the motion and exhibits in the litigation against named defendants and the defendant class of net winners in the United States. By this motion we are asking the Court to rule as a matter of law that ZeekRewards operated as a Ponzi and pyramid scheme, and to find that the net winnings received by the net winners must be returned to the receivership for distribution to claimants with recognized claims. The motion, memorandum and exhibits may be viewed at this link.
The defendants will have an opportunity to respond to this motion. Thereafter, the Court may schedule a hearing. If the Court rules in our favor and grants our motion, the liability of the named defendants and class members will be established. We will then ask the Court to approve a process to determine the amount of judgment, or money owed, by each of the defendants to the receivership. This process will take several months, but the filing of this motion is a significant event for the receivership and claimants. The face value of these claims is in excess of $200 million. How much of that we will be able to collect for distribution to claimants with recognized claims is uncertain at this time. However, we will pursue collection of these judgments vigorously, and expect the ultimate amount collected will be a substantial sum.?"
ZeekRewards Receivership Website (http://www.zeekrewardsreceivership.com/)

[littleroundman]

Today saw the commencement of Paul Burks' criminal trial

Davidson Counties' The Dispatch (http://www.the-dispatch.com/article/20160706/NEWS/160709894/1005?Title=Jury-hears-opening-statements-in-Burks-trial) is reporting:

http://imageshack.com/a/img923/2379/kp19CI.png

You can read the original article here on The Dispatch.com (http://www.the-dispatch.com/article/20160706/NEWS/160709894/1005?Title=Jury-hears-opening-statements-in-Burks-trial)

[laidback]

Ahh, sweet memories of when they first busted Zeek and all the pimps and shills were saying that Burks had not been charged so all would be OK...

[Fat City, LA]

This depo is an interesting read.
Douglas deposition reveals Dawn Wright-Olivares used crack cocaine (http://behindmlm.com/companies/zeek-rewards/douglas-deposition-reveals-dawn-wright-olivares-used-crack-cocaine/#more-30094)

I was in NO way surprised by this.
"A. At the time, yes. And that’s where our separation began. Dawn (Wright-Olivares )was a crack cocaine user."

[EagleOne]

Jury verdict today in Paul Burks court case. You can read all about it at ASDUpdates.com.

Also a big win for the Receiver who has been battling the major winners who were fighting to keep their illegal winnings. They all were contending that Zeek was not a operating illegally, and now that is gone. Hopefully they will now settle with the Receiver so the true victims can get more of their money back they lost.

[Bestbud]

At 69 years old, Burks will likely die in prison if given the maximum sentence...

[littleroundman]

MyFox8 (http://myfox8.com/2016/07/21/former-zeekrewards-ceo-convicted-of-federal-charges-for-operating-900-million-internet-ponzi-scheme/) is reporting

http://imageshack.com/a/img924/3849/CgLJkU.png

You can read the original article here on myfox8.com (http://myfox8.com/2016/07/21/former-zeekrewards-ceo-convicted-of-federal-charges-for-operating-900-million-internet-ponzi-scheme/)

[laidback]

https://www.youtube.com/watch?v=rY0WxgSXdEE

[MykeH]

Yep, this scam, ponzi scheme was the 1st one that got me when I was a newbie. Hope they get them all!

[littleroundman]

Yet another sign of the US Governments' toughening attitude to 'net crime and those behind it.

The Charlotte Observer (http://www.charlotteobserver.com/news/local/crime/article97429572.html) is reporting

http://imageshack.com/a/img923/1553/B98lm5.png

You can read the original article here at charlotteobserver.com (http://www.charlotteobserver.com/news/local/crime/article97429572.html)

[littleroundman]

For anyone who still thinks HYIP ponzi pimps and insiders can simply walk away unscathed from their involvement:

http://imageshack.com/a/img923/4213/xTTSad.png

ZeekRewardsReceivership.com (http://www.zeekrewardsreceivership.com/)

[EagleOne]

Dawn and her step-son will be sentenced on 9/13. You can read all about it at ASDUpdates.com.

[Bestbud]

On Oct. 14, 2015, the federal court clerk for the Western District of North Carolina signed a judgment of $104,743.55 against Adrian John Hibbert of Sully, United Kingdom. The judgment was in favor of Zeek Rewards’ receiver Kenneth D. Bell, records show.

Zeek Receiver Has $104K Judgment Against TrafficMonsoon Pitchman Now Pushing TrafficPowerline (http://patrickpretty.com/2016/09/08/zeek-receiver-has-104k-judgment-against-trafficmonsoon-pitchman-now-pushing-trafficpowerline/)

[littleroundman]

http://imageshack.com/a/img924/7650/haz0Zd.png

US Department of Justice (https://www.justice.gov/usao-wdnc/pr/zeekrewards-former-chief-operating-officer-and-former-senior-technology-officer)

[littleroundman]

http://imageshack.com/a/img922/950/F69aV4.png

Zeek Rewards receivership.com (http://zeekrewardsreceivership.com/)

[littleroundman]

Latest announcement on the Zeek Rewards receivership (http://zeekrewardsreceivership.com/) website

http://imageshack.com/a/img921/9779/mbdgQB.png

[littleroundman]

http://imageshack.com/a/img921/467/9gidsm.png

Zeek Rewards Receivership (http://zeekrewardsreceivership.com/)

http://imageshack.com/a/img923/9602/5oAq2r.png

http://imageshack.com/a/img923/7036/vUimDg.png

Motion to affirm disallowance of claims.pdf (http://zeekrewardsreceivership.com/pdf/11-3-16-Motion%20to%20Affirm%20Disallowance%20of%20Claims. pdf)

[littleroundman]

http://imageshack.com/a/img923/2425/DrvhLK.png

Zeek rewards Receivership (http://www.zeekrewardsreceivership.com/receiver)

[Fat City, LA]

Nice write up by OZ.
Summary Judgement granted against Zeek Rewards net winners (http://behindmlm.com/companies/zeek-rewards/summary-judgement-granted-against-zeek-rewards-net-winners/#more-32957)

[Bestbud]

Final Judgments against "net winners" are beginning...

Zeek Rewards: Judge Enters Final Judgments Against 3 “Net Winners” | ASDUpdates.com (http://asdupdates.com/wordpress/archives/7205)

[littleroundman]

ASDUpdates (http://asdupdates.com/wordpress/archives/7205) is reporting the next phase of the Zeek Rewards saga has begun, with Judge Mullen beginning the process of issuing final orders against net winners:

http://imageshack.com/a/img922/3284/8EJ1A4.png

You can read the original article here at: ASDUPDATES.com (http://asdupdates.com/wordpress/archives/7205)

[Fat City, LA]

PP and OZ have it up.

URGENT >> BULLETIN >> MOVING: Judge Begins Process Of Ordering Judgments Against Zeek Net Winners; Millions Awarded So Far, Millions More Pending (http://patrickpretty.com/2016/12/10/urgent-bulletin-moving-judge-begins-process-of-ordering-judgments-against-zeek-net-winners-millions-awarded-so-far-millions-more-pending/)

Final judgement granted against three Zeek Rewards net-winners (http://behindmlm.com/companies/zeek-rewards/final-judgement-granted-against-three-zeek-rewards-net-winners/)

[Fat City, LA]

Hammer comes down on all the Zeek net winners.

Final judgement granted against all Zeek top net-winners (http://behindmlm.com/companies/zeek-rewards/final-judgement-granted-against-all-zeek-top-net-winners/#more-33213)

[littleroundman]

http://imageshack.com/a/img921/9480/0YW1nX.png

Zeek Rewards Receivership website (http://zeekrewardsreceivership.com/)

So, 75% of victims' investment returned SO FAR, and the receiver expects there to be further distribution.

Yet, the current Traffic Monsoon and My Advertising Pays ponzi scheme members are STILL being told if they complain to the authorities, they will lose all hope of regaining their money.

Verified Ad Surf Daily victims received 100% of their deposits.

Verified Zeek Rewards victims have so far had 75% of their deposits returned.

[Bestbud]

"The landing spots for two key Zeek Rewards figures now are known"...

Zeek Figures Wright-Olivares, Olivares Listed As Federal Prisoners (http://patrickpretty.com/2017/01/13/zeek-figures-wright-olivares-olivares-listed-as-federal-prisoners)

[littleroundman]

The Winston-Salem Journal (http://www.journalnow.com/business/business_news/local/zeekrewards-founder-s-sentencing-date-set-for-feb/article_8f110589-cd45-59a1-b38a-00e9a59133f9.html) is today reporting:


http://imageshack.com/a/img921/6203/vCf8Xu.png

You can read the original article here on JOURNALNOW.com (http://www.journalnow.com/business/business_news/local/zeekrewards-founder-s-sentencing-date-set-for-feb/article_8f110589-cd45-59a1-b38a-00e9a59133f9.html)

[littleroundman]

http://imageshack.com/a/img922/5017/Xfugrz.png

[littleroundman]

http://imageshack.com/a/img921/1394/La1SRA.png

[NikSam]

I am a psychic. I can see which book Dawn Wright-Olivares is reading right now.

http://i.imgur.com/Oa1Aekn.jpg

[littleroundman]

http://imageshack.com/a/img921/5804/Le6VAN.png

You can view the receivers' announcement at ZEEKREWARDSRECEIVERSHIP.com (http://zeekrewardsreceivership.com/receiver)

[laidback]

Hate to be a picker of nits but this is a bit out of character for this receiver!17596

[Fat City, LA]

http://behindmlm.com/companies/zeek-rewards/zeek-receiver-proposes-plan-for-net-winner-class-clawbacks/#more-33960

[Bestbud]

Zeek: Order Issued on Final Judgement Process for “Net Winner Class”...

Zeek: Order Issued on Final Judgement Process for “Net Winner Class” – ASDUpdates.com (http://asdupdates.com/wordpress/archives/7255)

[littleroundman]

http://imageshack.com/a/img923/838/Tl4pb6.png

The Zeek Rewards Receivership (http://zeekrewardsreceivership.com/) website

[Bestbud]

Following a lengthy sentencing hearing today, Paul Burks has been sentenced to fourteen years and eight months in prison...

Zeek Rewards founder Paul Burks sentenced to 14 years in prison (http://behindmlm.com/companies/zeek-rewards/zeek-rewards-founder-paul-burks-sentenced-to-14-years-in-prison/#comment-377366)

[littleroundman]

Time-Warner Cable news (http://www.twcnews.com/nc/triad/news/2017/02/13/zeek-rewards-founder-sentenced-in-connection-with-ponzi-scheme.html) are reporting:

http://imageshack.com/a/img923/4233/fHCQpZ.png

https://vimeo.com/203922075
http://imageshack.com/a/img922/1517/RN5bCg.png

You can read the original article here at TWCNEWS.com (http://www.twcnews.com/nc/triad/news/2017/02/13/zeek-rewards-founder-sentenced-in-connection-with-ponzi-scheme.html)

[littleroundman]

http://imageshack.com/a/img924/3647/bNCThd.png

zeekrewardsreceivership.com (http://www.zeekrewardsreceivership.com/)

[littleroundman]

The WINSTON-SALEM JOURNAL (http://www.journalnow.com/news/crime/burks-sentencing-hearing-focused-on-accommodations-length-of-prison-term/article_369d586e-f208-11e6-85c8-57c17ec8cdf5.html) is reporting:

http://imageshack.com/a/img923/73/PzLBkh.png

You can read the original story here at journalnow.com (http://www.journalnow.com/news/crime/burks-sentencing-hearing-focused-on-accommodations-length-of-prison-term/article_369d586e-f208-11e6-85c8-57c17ec8cdf5.html)

[littleroundman]

http://imageshack.com/a/img922/7362/kaZK8h.png

Zeek Rewards receivership (http://www.zeekrewardsreceivership.com/) website

[Bestbud]

As they should...

SEC sues Keith Laggos for promoting Zeek Rewards Ponzi scheme (http://behindmlm.com/companies/zeek-rewards/sec-sues-keith-laggos-for-promoting-zeek-rewards-ponzi-scheme)

[littleroundman]

As they should...

SEC sues Keith Laggos for promoting Zeek Rewards Ponzi scheme (http://behindmlm.com/companies/zeek-rewards/sec-sues-keith-laggos-for-promoting-zeek-rewards-ponzi-scheme)

http://imageshack.com/a/img922/734/hZNihh.png

[Bestbud]

ZeekRewards founder Paul Burks to serve federal prison term in Lexington, Ky...

ZeekRewards founder Paul Burks to serve federal prison term in Lexington, Ky | Local News | journalnow.com (http://www.journalnow.com/news/local/zeekrewards-founder-paul-burks-to-serve-federal-prison-term-in/article_c1cf9861-10b4-538d-89f0-9cd636a77c44.html?utm_medium=social&utm_source=twitter&utm_campaign=user-share)

[EagleOne]

Keith Laggos was also on the list of the net winners of Zeek that did not settle with the Receiver. So it's a double whammy for him.

[Bestbud]

"The SEC saw Keith Laggos as a Zeek insider and sued him for securities fraud on March 22nd.

Based on a Statement of Financial Condition Laggos provided last December, a settlement was submitted for court approval.

On March 29th approval was granted, requiring Laggos to return $79,191."

$79,191 final judgement entered against Keith Laggos (http://behindmlm.com/companies/zeek-rewards/79191-final-judgement-entered-against-keith-laggos/#more-35146)

[littleroundman]

http://imageshack.com/a/img923/8996/aYWtA1.png

SEC litigation release (https://www.sec.gov/litigation/litreleases/2017/lr23787.htm)

[Fat City, LA]

Zeek building case vs Kaplan.
Email sent to claimants today:
"In re Receivership of Rex Venture Group (“RVG”), LLC d/b/a ZeekRewards

Dear Claimant,

As part of the Receiver’s efforts on behalf of the Receivership, the Receiver has filed a legal action against Howard Kaplan, one of the lawyers who advised RVG and helped to promote the ZeekRewards scheme. One of the issues in that lawsuit is how participants in ZeekRewards relied on Mr. Kaplan’s advice in deciding to pay money into the company or continuing to participate if they were already involved. If you have any information about your own reliance on Mr. Kaplan or the reliance of any other participant we would appreciate you providing that information to the Receiver in response to this message.

Thank you for your assistance."

[littleroundman]

BEHINDMLM (http://behindmlm.com/companies/zeek-rewards/sec-granted-default-judgement-against-trudy-gilmond/) is reporting news that should send a shiver down the spine of all ponzi promoters who think they and their ill gotten gains are safe from prosecution:

http://imageshack.com/a/img924/8834/TJX6cm.png

You can read the entire story here at behindmlm.com (http://behindmlm.com/companies/zeek-rewards/sec-granted-default-judgement-against-trudy-gilmond/)

Prospective ponzi and pyramid pimps would do well to pay paricular attention to the last paragraph in Oz' post:

http://imageshack.com/a/img923/1317/R2idRV.png

[Bestbud]

"Paul Burks, the 70-year-old operator of the Zeek Rewards Ponzi scheme, now is listed as prisoner No. 29723-058 at FMC Lexington. The facility is an administrative security federal medical center with an adjacent minimum security satellite camp in Lexington, Ky."

Zeek’s Paul Burks Now In Federal Custody (http://patrickpretty.com/2017/05/02/zeeks-paul-burks-now-in-federal-custody)

[littleroundman]

http://imageshack.com/a/img924/8850/UgTZoF.png

[littleroundman]

Oz, over on his BEHINDMLM.com (http://behindmlm.com/) blog is reporting the SEC obtains Final Judgement against Trudy Gilmond in Zeek case (http://behindmlm.com/companies/zeek-rewards/sec-obtain-final-judgement-against-trudy-gilmond-in-zeek-case/)

http://imageshack.com/a/img923/333/ViJGTm.png

You can read the original story here at BEHINDMLM.com (http://behindmlm.com/companies/zeek-rewards/sec-obtain-final-judgement-against-trudy-gilmond-in-zeek-case/)

[littleroundman]

The court has issued an Order Granting Motion to Enter Final Judgments Against Certain Net Winner Class Members

(http://www.zeekrewardsreceivership.com/pdf/ZRI_Dkt%20178_Order%20Granting%20Entry%20of%20Fina l%20Judgments.pdf)http://imageshack.com/a/img922/2571/kShudu.png

http://imageshack.com/a/img923/2908/bj7LGe.png

http://imageshack.com/a/img922/2571/kShudu.png

There is also a list of 103 former Zeek Rewards members included in the final judgement (http://www.zeekrewardsreceivership.com/pdf/ZRI_Dkt%20179_Attachment%201_Final%20Judgment.pdf)

Downloadable here: 20069

[EagleOne]

I noticed that the list contains the names of Felix Angelo Piccolo and Felix Piccolo. I don't think the Receiver knew that these are aliases used by Phil Piccolo. Well he does now. I am sure the Receiver will now amend his filing, at least I hope so. Otherwise he will just ignore the judgment since both are fictitious names; and he thinks he has gotten away with over $1.1 Million.

[littleroundman]

Latest announcement from the Zeek Rewards receiver (http://www.zeekrewardsreceivership.com/)

https://imageshack.com/a/img923/6561/axb9Tq.png

You can read the original announcement here at: zeekreceivership.com (http://www.zeekrewardsreceivership.com/)

[EagleOne]

Now how can the Receiver be returning 85% of the money to the victims? We were told that the "EVIL" government wanted it all as they needed the money, and they wouldn't give any of it back. The Receiver would take the lions share in fees leaving pennies to the victims. Of course they also told us that the Feds would be sued for shutting down a legal company as they had done nothing wrong and they could prove it.

So much for what they claimed versus reality. Happens every time one of these Ponzi's has the authorities take action, all these lies are trotted out to try to keep people from filing a claim with the Receiver. They are scared that if their name pops up to many times, the authorities will come after them, so they try to scare the downline from filing a claim So glad that this time not that many fell for their lies and filed a claim.

[EagleOne]

Well, the Receiver has turned over the few remaining major winners to the collection agencies to handle. But one more shoe is about to drop. The court put on hold several civil class action lawsuits against these major players until the Receiver had completed his job. It remains to be seen if they will still proceed with these civil class action lawsuits. Many of the litigants may have gotten their money back from the Receiver's payments. It will be interesting to see if they go forward or not.

[Fat City, LA]

Great work by the Zeek Receiver continues.
From OZ.
Another $1.8 mill collected from Zeek Rewards net-winners (http://behindmlm.com/companies/zeek-rewards/another-1-8-mill-collected-from-zeek-rewards-net-winners/#more-41395)

http://www.zeekrewardsreceivership.com/pdf/Receiver's%204th%20Quarter%20Status%20Report%20201 7.pdf

[EagleOne]

Amazing how reality always shoot down fantasy. We were told that all the money would be taken by the Receiver and the evil Government, and if the victims got anything back it would be peanuts. At the present moment the "victims" have received at least 85% of their money back. Of course if the big winners that refused to cooperate with the Receiver had coughed up their ill-gotten gains, this figure would have been higher.

And yes he has done an awesome job. I hope that Peggy Hunt is just as successful as Ken Bell.

[Bestbud]

"The Zeek Rewards Receiver is one step closer to recovered $13.1 million in stolen investor funds, following the reversal of a District Court decision.

The Receiver has been locked in a struggle with Payza, Payment World and VictoriaBank since February, 2016.

In a nutshell, Payza laundered $13.1 million dollars invested by Zeek affiliates through PaymentWorld, who in turn laundered it through VictoriaBank.

Unable to access the $13.1 million held abroad, a freeze order was granted on $13.1 million VictoriaBank held in a US account at the Bank of New York Mellon."

Zeek Receiver wins VictoriaBank appeal, $13.1 mill clawback resumes (http://behindmlm.com/companies/zeek-rewards/zeek-receiver-wins-victoriabank-appeal-13-1-mill-clawback-resumes/#more-42251)

[Fat City, LA]

Howard Kaplan folds, settles with Zeek Rewards Receiver for $392,500 (http://behindmlm.com/companies/zeek-rewards/howard-kaplan-folds-settles-with-zeek-rewards-receiver-for-392500/#more-42376)

[littleroundman]

The Zeek Rewards receiver has released his First quarter of 2018 status report (http://www.zeekrewardsreceivership.com/pdf/Status%20Report%20Q1%202018.pdf)

Some highlights:

https://imageshack.com/a/img924/475/KmDJAw.png

https://imageshack.com/a/img922/4826/YmjPt3.png

https://imageshack.com/a/img923/3329/dxUh6L.png

https://imageshack.com/a/img922/5826/7UkXxI.png

[Fat City, LA]

Oscar H. Brown & Robert Mecham Zeek Rewards settlements pending (http://behindmlm.com/companies/zeek-rewards/oscar-h-brown-robert-mecham-zeek-rewards-settlements-pending/#more-43494)

[Gregg]

So, if you steal $1.8 million, recruit more people who collectively lose tens of millions, you have to pay back $37,500. And you don't even admit guilt, you get to claim you didn't know the ten or fifteen other ponzis you participated in and promoted didn't even give you a clue?

This makes me want to throw a brick at my screen.