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

Originally Posted by Char

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

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.

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.


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

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.

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

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. 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.

ASD Updates 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:

Don at 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

Some highlights:

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!

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.

Zeek Rewards net winner class website

Originally Posted by laidback

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.

Well, well, well,

In another sign the times really are a changin', the SEC has charged 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 ???



SEC Litigation release

SEC Complaint

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

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

In further Zeek Rewards related news, ASDUpdates is reporting an arrest warrant has been issued for former Zeek insider, Darryle Douglas:

The Winston-Salem Journal is reporting:



You can read the original story here on Winston-Salem Journal.com

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

Zeek Rewards receivership.com

The Winston-Salem Journal is reporting Judge Graham Mullen has approved Zeek Rewards' receiver, Kenneth Bells' motion.



You can read the original article here at journalnow.com

Originally Posted by littleroundman

In further Zeek Rewards related news, ASDUpdates is reporting an arrest warrant has been issued for former Zeek insider, Darryle Douglas:

Darryle Douglas has been arrested.....

BULLETIN: Darryle Douglas, Alleged Zeek Insider, Arrested - PatrickPretty.com

Originally Posted by okosh

Darryle Douglas has been arrested.....

BULLETIN: Darryle Douglas, Alleged Zeek Insider, Arrested - PatrickPretty.com

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

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 is reporting:



You can read the original article here on WWW.JOURNALNOW.com

In further news, the court appointed receiver for Zeek Rewards, Mr Kenneth Bell is continuing his relentless pursuit of those involved in the Zeek Rewards scheme, as reported on The Dispatch.com



You can read the original article here at The Dispatch.com

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

Originally Posted by littleroundman

In further news, the court appointed receiver for Zeek Rewards, Mr Kenneth Bell is continuing his relentless pursuit of those involved in the Zeek Rewards scheme, as reported on The Dispatch.com


You can read the original article here at The Dispatch.com

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...