Articles under ‘Zeek Rewards’:

Final Judgment sought against 8047 US Zeek Rewards net-winners

For US based Zeek Rewards net-winners who have thus far failed to pay back money they stole, it appears their time is up. Following the granting of Summary Judgment against the same net-winners last November, on June 27th the Zeek Rewards Receiver has now filed for Final Judgement.

SEC obtain Final Judgement against Trudy Gilmond in Zeek case

Back in April the SEC obtained default judgement against Trudy Gilmond. As a top promoter who stole over $1.7 million dollars from Zeek Rewards victims, Gilmond was sued by the SEC in June, 2015. The case had been progressing to trial, however Gilmond (right) failed to cooperate with the SEC on discovery issues from late [Continue reading…]

VictoriaBank dismissal granted, Zeek Rewards Receiver appeals

With $13.1 million dollars of stolen investor funds in the balance, the court’s decision to grant VictoriaBank a Motion to Dismiss on May 3rd was pretty unbelievable. Along with dismissing the Receiver’s claims against the bank, the decision would also dissolve the freeze order currently in place. That freeze order is the only thing stopping [Continue reading…]

Zeek Receivership updates for first quarter 2017

On May 1st the Zeek Receiver filed his first quarter Status Report for 2017. The report covers settlements received, US and foreign net-winner clawback litigation, various insider lawsuits and the aggregate amount paid out to Zeek affiliates thus far.

SEC granted default judgement against Trudy Gilmond

Trudy Gilmond’s theft of over $2 million dollars from Zeek Rewards victims saw the SEC file legal action against her in 2015. The case progressed throughout 2015 and in early 2016 Judge Mullen scheduled a trial for September, 2017. Not much has happened since then, prompting the SEC to file for a suspension of the current [Continue reading…]

Judge doesn’t buy Beverly Trca-Kitchen’s sob story (Zeek Rewards)

Back in January the Zeek Rewards Receiver filed for summary judgment against Canadian net-winners. Beverly Dawn Trca-Kitchen was one such net-winner, with the Receiver alleging she stole $314,228 from victims of the scheme. This figure was arrived at after forensic accounting was conducted on the Zeek Rewards backend. Trca-Kitchen however paints a different picture.

$314,228 Canadian Zeek net-winner’s $2800 settlement offer rejected

Beverly Trca-Kitchen stands accused by the Zeek Receiver of stealing $314,228 from Zeek Rewards victims. In the wake of Paul Burks receiving jail time for masterminding the scheme, Trca-Kitchen approached the Zeek Receiver with a $2801 settlement offer. Seeming not impressed, the Receivership rejected the offer. In a letter dated March 23rd, Trca-Kitchen has asked the [Continue reading…]

$79,191 final judgement entered against Keith Laggos

With a securities violation already under his belt, Keith Laggos wasn’t in a position to contest his involvement in the Zeek Rewards Ponzi scheme. 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 [Continue reading…]

SEC sues Keith Laggos for promoting Zeek Rewards Ponzi scheme

Keith Laggos was involved with Zeek Rewards almost from inception. Laggos joined Zeek Rewards as a paid consultant around June 2011 and shortly after, the company switched from guaranteeing a 125% ROI on every bid purchased, to paying a variable ROI over 90 days. Laggos publicly credited himself as the prime instigator of the change [Continue reading…]

Zeek Rewards victims recover up to 75% of losses

Remember when Zeek Rewards’ net-winner affiliates were running around telling the people they scammed the US government and Receiver were just looking to keep invested funds for themselves? In a March 15th press-release, the Zeek Receiver has announced that, following a third distribution, Zeek victims have now received back up to 75% of their losses.