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

Great. That's what I wanted to see, someone with guts. It doesn't even matter who wins. We all win if people can see we are not all talk.

You do of course realize that it could be several years before we can say who did win.

I dunno about you, but I've been around for over seven years despite my better judgement, so I'm not going anywhere any time soon.

Let's see, $5 with 1.5% daily interest for five years.......

$3,158,618,023,485.80

He he he...I've been around for more than 10 years.

And to all the pimps, shills and such.... I HAVE NEVER BEEN WRONG about a program being a scam.

Not once.

This is the ONLY time in almost a decade I have lost $.(a given I've had tons of profit stuck in tanked programs)

I have to give some $ back. I really thought the auctions/bids were real.

This one was brutal, broke up families. (guys getting 10k from in laws, etc)
Over the years Ive left alot of $ on table from not wanting referrals. Zeek reinforced the method in my non referral madness.

Originally Posted by surfer

Let's see, $5 with 1.5% daily interest for five years.......

$3,158,618,023,485.80

But how they gonna decide which 1.5% daily program to "invest" in????

The Zeek Rewards receiver, Kenneth Bell has filed his "final liquidation plan" which can be downloaded .pdf format HERE

Some interesting highlights:





Here ya go, 1million paid members, 80,000 net "winners"

The reality of HYIP ponzi frauds.

#3 in that filing could be a doosey for Dooly, especially when it's hard to plead ignorance when so many of you were posting on his blog.

In other news, net-winners could get screwed big time on taxes. Rex Ventures sent net-winners 1099's for 2012. So you pay taxes on 2012 on winnings that you will have to pay back say in 2013. In your 2013 tax return you can claim the clawback as a loss but not everyone will recover enough tax deductions. First of all, you have to have income sufficient to deduct against, you have to be itemizing deductions, and you have to not meet any of the various progressive tax system caps to limit itemized deductions.

Let's take a simple case - a retired person who made $50k in Zeek. In 2012 they have to pay taxes against it including self-employment. In 2013 they don't have any income, but pay back most of that $50k (depending on the settlement with the Receiver). Nothing to deduct the clawback against... ouch.

Originally Posted by Mitch McDeere

#3 in that filing could be a doosey for Dooly, especially when it's hard to plead ignorance when so many of you were posting on his blog.

In other news, net-winners could get screwed big time on taxes. Rex Ventures sent net-winners 1099's for 2012. So you pay taxes on 2012 on winnings that you will have to pay back say in 2013. In your 2013 tax return you can claim the clawback as a loss but not everyone will recover enough tax deductions. First of all, you have to have income sufficient to deduct against, you have to be itemizing deductions, and you have to not meet any of the various progressive tax system caps to limit itemized deductions.

Let's take a simple case - a retired person who made $50k in Zeek. In 2012 they have to pay taxes against it including self-employment. In 2013 they don't have any income, but pay back most of that $50k (depending on the settlement with the Receiver). Nothing to deduct the clawback against... ouch.

Sounds fair to me....Hope all the net winners end up with a huge loss....

Originally Posted by Mitch McDeere

#3 in that filing could be a doosey for Dooly, especially when it's hard to plead ignorance when so many of you were posting on his blog.

In other news, net-winners could get screwed big time on taxes. Rex Ventures sent net-winners 1099's for 2012. So you pay taxes on 2012 on winnings that you will have to pay back say in 2013. In your 2013 tax return you can claim the clawback as a loss but not everyone will recover enough tax deductions. First of all, you have to have income sufficient to deduct against, you have to be itemizing deductions, and you have to not meet any of the various progressive tax system caps to limit itemized deductions.

Let's take a simple case - a retired person who made $50k in Zeek. In 2012 they have to pay taxes against it including self-employment. In 2013 they don't have any income, but pay back most of that $50k (depending on the settlement with the Receiver). Nothing to deduct the clawback against... ouch.

I got the 1099. I have a career, work as an independent contractor.
It was about what I was claiming in gas deductions=no harm done.

Gray area as to how to treat Zeek. I'm just putting down as straight income, not going to mess w/trying to deduct monthly fee,advert cost, etc-just want closure.

I had no referrals, treated Zeek as HYIP. (to be honest, I thought their auctions actually were that profitable)
It wasnt till it tanked that I realized 24/7 scam/ponzi. When HYIP and religion become one it always ends horrible.

Originally Posted by Fat City, LA

I got the 1099. I have a career, work as an independent contractor.
It was about what I was claiming in gas deductions=no harm done.

Gray area as to how to treat Zeek. I'm just putting down as straight income, not going to mess w/trying to deduct monthly fee,advert cost, etc-just want closure.

Kinda like a bank robber who pays tax on the money he stole....But does not claim the gas in the get away car as a "business expense"

Originally Posted by okosh

Kinda like a bank robber who pays tax on the money he stole....But does not claim the gas in the get away car as a "business expense"

Under US tax code, that gas expense was 5 times what I made in Geek. Just counted differently.
Oh well, its over soon. Looking like most getting 1/2 of seed $ or more.

Originally Posted by Fat City, LA

Under US tax code, that gas expense was 5 times what I made in Geek. Just counted differently.
Oh well, its over soon. Looking like most getting 1/2 of seed $ or more.

Looks like half just in round 1.....Round 2 of refunds will include all the clawback money...

Want to see how low these two can go...and how they work hand-in-hand together? For anyone who thinks the same PLAYERS aren't in most of these scams....Look below:

Amanda making 'pretty talk' with a poster on her site re Zeek:

Amanda says:
July 3, 2012 at 11:53 pm

...I think that “Zeek” is a business that you will be growing...

Amanda says:
July 4, 2012 at 2:01 am

...it’s all about building a business...

Amanda says:
July 4, 2012 at 4:23 am

...Yes, it is a REAL business…

'Amanda' and 'Deborah' working off one another to suck you into yet another scam:

Amanda says:
July 3, 2012 at 7:39 am
ZeekRewards Review Published!

Deborah says:
July 3, 2012 at 2:34 pm
In August I will meet my goal to withdraw a nice monthly sum from Zeek through nxpay and still be able to grow my account nicely. Frankly, I love Zeek. They will be around for years to come, have done everything top notch to become compliant (US regulations). I cannot say enough good things about them!

Amanda says:
July 3, 2012 at 11:46 pm
@ Deborah. Thank you for your valued comments. We’ll look forward to your help and input in the Skype room.

Amanda says:
July 4, 2012 at 12:30 am
For any of you who would like to ask questions or just discuss ZeekRewards we have opened a Skype room: Money Insider 2 Zeek
Just stop by and ask away!!

Deborah says:
July 4, 2012 at 5:39 pm
Yes I am here to help people get going with Zeek and will keep you informed with all updates from Zeek corporate in a skype room. So if you decide to do this, I will help you every step of the way. They are here for the long haul. It is an mlm yes but where do you find a business that takes 30 seconds a day to earn daily from? Where do you find a business where you give up to 1000 bids to your zeekler customers to play on the penny auction site to win something cool? Where do you find a business that does not rely on recruiting to earn from?
This is a REAL business...

Amanda says:
July 4, 2012 at 5:46 pm
@Deborah. Thank you so much. I hope there are those who use your expertise with ZeekRewards…I now I will!

Deborah says:
August 2, 2012 at 11:07 pm
Nice to be in a place with Zeek that I am bringing in monthly income now.

Deborah says:
August 3, 2012 at 4:59 am
If you have questions about Zeek and want to try a trial run for 60 days for free, contact me at:
Skype: heartworth9

Amanda says:
August 4, 2012 at 4:23 am
...Please let Deborah or I know if you need any help.

Deborah says:
August 4, 2012 at 5:21 pm
Rumors Shmovers….

Dirty little hands in everything, these two...

Originally Posted by Nancetta, quoting Deborah

August 4, 2012 at 5:21 pm Rumors Shmovers….

This is the date Zeek used its Blog to complain about "North Carolina Credit Unions." The SEC and the Secret Service moved against Zeek 13 days later.

On a side note, it was nice to see that a North Carolina credit union appears to have blocked a transaction designated for Profitable Sunrise.

Originally Posted by Nancetta, quoting Deborah

August 4, 2012 at 5:21 pm Rumors Shmovers….

On another side note: Four years to the day earlier -- on Aug. 4, 2008 -- the Secret Service was planning the AdSurfDaily raid, which occurred on Aug. 5, 2008.

PPBlog

And for those of us who have really missed Dawn's smiling face:



Hey, it's a more or less legitimate business which is a pleasant surprise coming from her.

The Zeek receiver Ken Bell filed a motion for the approval of the victims claims process talking us one step closer to people getting their refunds. Thanks for the heads up go to Don Ryan and his ASD Updates blog. PonziTracker Jordan Maglich has an update on this as well.

What if somebody said, "I have NO conscience!"

And what if somebody said, "I am the scum of the earth!"

Disgusting, right?

Well, here's a quote that I also thought was absolutely disgusting. I find it hard to believe that somebody would say something like this.

I read about it on yahoo:

_________________________________________________

Authorities say owner Paul Burks was the mastermind of a $600 million Ponzi scheme — one of the biggest in U.S. history — that attracted 1 million investors, including nearly 50,000 in North Carolina.

The Securities and Exchange Commission, which closed the operation Aug. 17, said Burks was selling securities without a license. The Ponzi scheme was using money from new investors to pay the earlier ones.

Asked if he had anything to say to victims, he shook his head.

"I never told anyone to invest more money than they could afford," Burks snapped. "I didn't tell them to do that. Never."

He said if they lost money, "it's their fault. Not mine. Don't blame me."

Nice of Burks to go on the record and call it an "investment" to an AP reporter, no less... Sort of proves the SEC's case for them.

Ever wondered what HYIP ponzi fraudsters think of the people they've ripped off ???



Yahoo News

Kenneth Bell posts "Letter to Net Winners" on receivership website:

http://www.zeekrewardsreceivership.com/pdf/4-1-13-Letter from Receiver to Net Winners.pdf

"The time for court action is drawing closer. I am sending this message to make sure that net-winners understand that there is an opportunity for settlement, but that the window for the opportunity is closing. To allow a reasonable time for all those who would like to pursue a settlement to do so, I am going to continue to make my team available to negotiate settlements for at least 60 more days. Therefore, if net winners want to pursue a settlement they should contact us by no later than May 31, 2013. After that date, I will assume that all net-winners that want to avoid the legal process by discussing settlement have done so, and I will move forward with court action, likely in June 2013, against the remaining net-winners."

WFMY 2 News is reporting:

Watch the entire WFMY2 News video report HERE

Zeek Rewards Receiver Tells Winners They'll Have To Reach Settlement Or Go To Court

Lexington, NC-- The Zeek Rewards Ponzi Scheme case has taken another turn. This time affiliates were given an ultimatum.

Zeek Rewards receiver Kenneth Bell, is urging winners to reach a settlement with him. If not, he'll take them to court.

There's a good chance you know someone who was affected by Zeek Rewards. If you go to Lexington, there's a really good chance.

Wanda Stafford works at a nearby lumber shop across the street from the building where Zeek Rewards used to be headquartered. She knows plenty of people who lost money.

"The lines would wrap around the building and people would just be standing out in groups and huddled and it would be before daylight the lines would start," said Stafford.

At one time, the doors didn't close at the Zeek Rewards building on Center Street in Lexington. That all changed in August when the SEC filed a complaint alleging that Zeek Rewards led by Paul Burks was a $600 million pyramid scheme.

A representative for receiver, Kenneth Bell told us that so far they've recovered $312 million since August. We'll know more the end of April, when a new report is released.

On Monday, the receiver issued a message to people who made money by investing in Zeek Rewards.
Investors who profited from what's being called one of the largest ponzi schemes in US history will have to pay up.

Investors have until May 31st to negotiate a settlement with Kenneth Bell. If they don't contact him, Bell will take them to court.

Zeek Rewards attracted one million investors including nearly 50,000 just from North Carolina.

News 2 went to Paul Burks' home in Lexington on Monday. Last time we were there in August, there was a security guard out front. On
Monday, no one answered the door and a "for sale" sign was on the front lawn.

Now here is a fine, upstanding victim:

(playfair @ Apr 2 2013, 10:59 AM)
To all those who lost money in ZeekRewards, be sure you are registered at the receivers' website for refunds. It is a proven fact that the legal wheel turns slowly, but surely!

After the 12Daily PRO receivership process, I got a $750 check in the mail. I believe that was a few years ago......2009 probably. Then on the 29th of March, I received another check for $141.97 in the mail.

AN accompanying letter notes:

"Dear 12DP Investor,

Please find attached a supplemental distribution of your pro rata share of funds available for 12DP Investors from the 12Daily Pro receivership estate pursuant to the Court-approved Distribution Plan. This is a distribution of the Remaining Amount of the Fund which includes unclaimed funds from the initial Distribution. This re-distribution of the unclaimed funds represents a supplement to the distribution you received on or after September 11, 2009. This distribution is being made to Investors who cashed their initial Distribution check and is in proportion to Investors' prior distributions.

You should consult your tax adviser to determine the tax consequences, if any, of this distribution.

You are advised to promptly negotiate (cash) this check. The check will become void after June 24, 2013. In addition, your Allowed Claim against the 12 Daily Pro receivership estate will be automatically and permanently extinguished if you do not cash this check by June 24, 2013. Thereafter, you will not be entitled to receive a distribution under the Distribution Plan or from the 12DP receivership estate."


Well, I thank God. I have been made WHOLE!

Talk about a defective moral compass...!

Receiver Ken Bell is pissed at some "class action" lawyers trying to hold up the claims process through procedural objections, like "we represent them so you can't contact them via mail!"

Ponzitracker - Ponzitracker - Zeek Receiver Blasts Objections to Claims Process