After pleading guilty to money laundering charges, Firoz Patel’s plan seems to have been do a bit of jail time and then live off $24 million in stashed bitcoin. Unfortunately for Patel the DOJ caught wind of the stash, prompting additional criminal charges filed in May 2023. Patel pled guilty to obstruction last month and [Continue reading…]
Zeek Rewards’ Robert Craddock has reemerged as the owner, CEO and President of NFT Rewards. NFT Rewards Team is an MLM crypto Ponzi combined with selling of virtual shares. Before we dive deeper into that though, it’s important to recap on who Robert Craddock is.
On May 19th 2022, the Zeek Receiver announced the Zeek Rewards Receivership was officially closed. This marks the end of an era here at BehindMLM, spanning eleven years and two hundred and thirty-two articles.
About a week ago BehindMLM started receiving reports of new checks sent to Zeek Rewards victims. Today the Receiver confirmed these were final distribution payments.
The Zeek Rewards Receiver has filed two new motions; one requesting permission to make a final distribution, the other seeking to close the long-running case.
The Zeek Rewards Receiver filed his second quarter 2021 report on July 30th. Not much happened in the second quarter outside of the IRS losing an appeal case.
A technicality ruling by the Fourth Circuit will see Roman Balanko and VictoriaBank keep $13.1 million in stolen Zeek Rewards victim funds.
Due to several outstanding issues, the Zeek Rewards Receivership has been extended through to 2021.
The Zeek Rewards Receiver has provided an update on last partial distribution payments. In his April 20th update, the Receiver states:
Citing ongoing litigation with VictoriaBank, the Zeek Receivership has announced an interim partial distribution.
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