Articles under ‘Zeek Rewards’:

Final Judgment granted against US Zeek Rewards net-winners

Back in June the Zeek Rewards Receiver filed for Final Judgment against outstanding US net-winners. That is Zeek Rewards affiliates who, even five years after the Ponzi scheme was shut down, refuse to pay back the victims they stole from. On August 14th Final Judgment was granted, rendering the remaining net-winner class liable for the [Continue reading…]

VictoriaBank’s Zeek Rewards Ponzi funds to remain frozen

A decision to grant VictoriaBank a Motion to Dismiss back in May potentially placed $13.1 million dollars of stolen Zeek Rewards investor funds on the line. While the court granted VictoriaBank a dismissal, it maintained a freeze order pending conclusion of the Receiver’s anticipated appeal. The Receiver did indeed file an appeal, which will and [Continue reading…]

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…]