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07-04-2014, 11:19 AM
#1501
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The US District Court clerk has issued a entry of default against Michael Van Leeuwen:
The court document can be viewed HERE courtesy of ASD Updates
The only thing necessary for the triumph of evil is for good men to do nothing
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07-04-2014, 11:24 AM
#1502
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The US District Court clerk has issued a entry of default against David Sorrells:
The court document can be viewed HERE courtesy of ASD Updates
The only thing necessary for the triumph of evil is for good men to do nothing
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07-10-2014, 02:07 AM
#1503
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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
With thanks to ASD Update Files Website you can view the original judgement request HERE
The only thing necessary for the triumph of evil is for good men to do nothing
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07-10-2014, 02:24 AM
#1504
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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
With thanks to ASD Update Files Website you can view the original judgement request HERE
The only thing necessary for the triumph of evil is for good men to do nothing
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07-10-2014, 02:30 AM
#1505
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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
With compliments of ASDUpdates Files Website 2.0 a copy of the request can be viewed HERE
The only thing necessary for the triumph of evil is for good men to do nothing
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07-10-2014, 02:40 AM
#1506
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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 against David Sorrells and against Michael Van Leeuwen
Thanks, once again, to ASDUpdates Files Website for providing access to the court documents
The only thing necessary for the triumph of evil is for good men to do nothing
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07-10-2014, 07:50 PM
#1507
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07-30-2014, 11:35 AM
#1508
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The court appointed receiver for Rex Venture Group / Zeek Rewards / Paul Burks has released his STATUS REPORT for the Second Quarter of 2014 made available for viewing by courtesy of ASDUpdates
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.
The only thing necessary for the triumph of evil is for good men to do nothing
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07-31-2014, 10:03 AM
#1509
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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
The Motion can be viewed HERE
The memorandum can be found HERE
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
The only thing necessary for the triumph of evil is for good men to do nothing
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07-31-2014, 10:08 AM
#1510
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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.
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 in .PDF format
The only thing necessary for the triumph of evil is for good men to do nothing
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08-01-2014, 11:45 AM
#1511
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
ASD Updates.com 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
The only thing necessary for the triumph of evil is for good men to do nothing
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08-02-2014, 06:13 AM
#1512
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The only thing necessary for the triumph of evil is for good men to do nothing
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08-07-2014, 02:43 AM
#1513
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Post Thanks / Like - 0 Thanks, 1 Likes, 0 LMAO, 0 Dislikes, 0 Ignorant, 0 Moron
1 Member(s) liked this post
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08-12-2014, 10:06 PM
#1514
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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.
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08-12-2014, 10:38 PM
#1515
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The only thing necessary for the triumph of evil is for good men to do nothing
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08-13-2014, 01:04 AM
#1516
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
Originally Posted by
littleroundman
Dropped him like a hot horseshoe...! Poetic, I'd say...!!
It seems like in this "industry" common sense is not all that common!
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08-13-2014, 09:34 AM
#1517
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
No one can be shocked by this can they?
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08-18-2014, 06:07 PM
#1518
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
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:
COURT ORDER provided by ASDUpdates
The only thing necessary for the triumph of evil is for good men to do nothing
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08-29-2014, 11:11 AM
#1519
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The only thing necessary for the triumph of evil is for good men to do nothing
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09-05-2014, 12:46 AM
#1520
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The Zeek Rewards receiver, Kenneth Bell has applied for and received an ORDER granting 34 Motion for Default Judgment, Darryle Douglas
The highlight:
Our sincere thanks go to ASDUpdates for providing access to the court documents
The only thing necessary for the triumph of evil is for good men to do nothing
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09-05-2014, 02:31 AM
#1521
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
I think he fled the country a while back. IMHO, of course. Maybe the Caribean?
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09-30-2014, 07:28 PM
#1522
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
The court appointed receiver for Zeek Rewards, Mr Kenneth D Bell today announced on the Zeek Rewards receivership website 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.
You can read Mr Bells' announcement here on the Zeek Rewards receivership website
The only thing necessary for the triumph of evil is for good men to do nothing
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10-22-2014, 11:21 PM
#1523
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
From the Zeek Rewards Receivership website
You can view the Receivers' October 22 announcement on theZeek Rewards Receivership website
The only thing necessary for the triumph of evil is for good men to do nothing
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10-24-2014, 07:29 PM
#1524
Re: Zeek Rewards !! How to get to $3K a month, starting as a free member !
It's early days, but reports are now filtering out Paul Burks has been indicted:
The only thing necessary for the triumph of evil is for good men to do nothing
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Post Thanks / Like - 0 Thanks, 1 Likes, 0 LMAO, 0 Dislikes, 0 Ignorant, 0 Moron
1 Member(s) liked this post
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10-29-2014, 10:13 AM
#1525
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