For their part in defrauding Zeek Rewards Ponzi victims out of $1.8 million, the Receiver sued USHBB and operators James More, Oscar H. Brown and Robert Mecham in 2015. Default judgement was entered against USHBB ($675,000) and James Moore ($109,130) in 2015. Pending approval from the court, the Receiver has reached a settlement agreement with [Continue reading…]
Articles under ‘Zeek Rewards’:
The Zeek Rewards Receivership is one step closer to recovering $13.1 million from VictoriaBank, following the denial of rehearing petition.
The Zeek Rewards Receiver’s Status Report for the first quarter of 2018 reveals another $2 million has been recovered from net-winners.
Following the granting of an appeal in favor of the Zeek Rewards Receiver, VictoriaBank has filed a rehearing petition.
Last we checked in, Howard Kaplan’s Zeek Rewards clawback lawsuit had been scheduled for trial this June. Following that order, Kaplan and the Receiver entered into mediation on February 28th. Ongoing negotiations have lead to a proposed settlement, which will see Kaplan return almost four hundred thousand dollars to Zeek Rewards Ponzi victims.
The Zeek Rewards Receiver is one step closer to recovered $13.1 million in stolen investor funds, following the reversal of a District Court decision.
The Zeek Rewards Receiver files his quarter four report for 2017 on February 15th. The Zeek Receivership has mostly wound down, however a few outstanding clawback related tasks remain.
Despite launching some six years ago, net-winners who illegally profited in the Zeek Rewards Ponzi scheme are still being pursued for the money they stole. With determinations of who owes what finalized and a court ruling certifying the amounts legally binding, on December 20th the Receiver shared how the Receivership intends to enforce recovery.
On November 15th the Zeek Rewards Receiver filed his Status Report for the third quarter of 2017. In it the Receiver revealed that to date, $43.7 million has been recovered through clawbacks from Zeek Rewards affiliates, vendors and insiders. Here’s a rundown of the rest of the updates featured in the report:
Canadian Zeek Rewards scammer Sandra Gavel’s response to clawback litigation filed against her was somewhat confusing. Upon being served papers on behalf of the Zeek Receiver, Gavel penned a letter to the court to inform it she didn’t consent to US jurisdiction. This didn’t mean anything legally, and so the Receiver filed a motion requesting legal [Continue reading…]