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.
Each of these members of the Net Winner Class have agreed with the amount of their net winnings through the Court ordered process for determining the amount of individual net winnings, the Receiver has accepted their proposed alternate amount of net winnings or have failed to timely respond to the Receiver’s notice of the amount their net winnings.
The Receiver states that over 1300 affiliates have settled with the Receiver.
The 8047 affiliates on an attached exhibit list are those that have as of yet failed to do so.
Once Final Judgment has been granted, the Receiver will be able to escalate collection proceedings against net-winners named in the exhibit list.
Some names I found skimming through the list:
-Tissa Godavitarne for $22,566
-Todd Hirsch for $9,392.
60 Second Millionaire, Tracy Davison is on the list for $1,129,404.23
It looks like Frank Calabro Jr already settled with the Receiver.
Can Tracy be held accountable if he never returns to the US?
John Lavenia … $7,346.59
Looks like a bunch of lawyers trying to string this out as long as they can to profit. Most users that lost money didn’t even receive half back. They haven’t even disbursed all of the money they collected.
Everyone on the list is US only, what about overseas? Did they publish how much money the receiver has made from this process?
They say it is too late to file a claim if you lost, but yet they continue to collect money for the lawyers.
kinda funny how I heard some people made money, but never received it because their accounts in Payza, NxPay, etc were frozen.
I bet they didnt subtract from the total either. Sounds like this will take a while and I cant imagine a judge bankrupting an individual from something far back (Statue of limitations has to come in to play at some point).
Brett Gurney.. $310,730.63 He practically lives on Facebook, leading his followers from one scam to the next.
Called up all 8047 US net-winner scammers and conducted forensic accounting on Zeek’s back end have you?
Stop talking out of your ass and pay back the money you stole.
With respect to non-US net-winners, the Receiver is still pursuing the matter in countries where legal action was filed.
Yup, in every Status Report and request for fee approval filed with the court.
What, you expect someone to clean up your Ponzi mess for free?
The Receiver has returned over 75%. Not sure where the “not even half back” comes from.
With the settlements and judgments, it’s likely the Receiver will return over 90%. The Receiver has to make a decision on whether to sell the judgments as a receivable at a discount and return less money quickly, or continue to pursue litigation and recovery in order to return more money, but over a longer time period.
Thanks Jimmy.
I’m sure that many of the net winners don’t have the cash to repay their net earnings.
Should a net winner offer 50% right now to settle or take a chance that the receiver will take less in the future?
Luizeek. It is a gamble on what to do. I do know a person who recently settled with the receiver.
The receiver waived all of the interest and they offered to pay back half of what was made and the offer was accepted. So I would tell you yes make that offer.
On the flip side there is a pretty good chance this will go to collections soon. I am not sure if this will be sold off to debt collectors or the debt collectors will be getting a fee on what they collect and the balance going to the receiver to potentially be paid back (to us losers) at some point in time.
While I am not 100% sure, I do not think this debt can be turned into a lien and attached to an asset like a home. So you could consider just continuing to ignore things like many people are and then hope that this will somehow go away and you will not be impacted by it.
I personally would not take a chance like that but many are going to.
F.M. This is not a bunch of lawyers trying to string this out. Sadly the court system moves very slow in this country.
It would have went much faster but the lawyers defending the scammers are the ones who tried to delay things.
As far as people getting money back those who properly filed a claim have had 3 payments already totaling about 70-75% of what they put in. I think that is darn good. I never expected that to be honest.
The receiver is holding money in the account for those who filed a claim but never properly finished it. There are several thousand who fit in that category. Eventually the receiver will call it quits on that and those funds will go to those who did properly fill out a claim.
In regards to those overseas, there is litigation going on in some countries but in other countries, the US law has no jurisdiction so some of those people are going to get away with the money.
As far as the receiver making money off of this, you can go to the receiver site and look at all of their financial filings.
Unlike Zeek Rewards, the receiver puts up real numbers. You can look for yourself but I doubt you are smart enough to read any of it.
That’s right, it is too late to file a claim. That time was a couple years ago. There has to be some cutoff. If you are someone who missed that deadline, I am sorry.
As far as some people making money and never getting it because the ewallets were frozen, there was a time where those who made money could contest the amount that was made and if they were that concerned about it, they should have made some effort to do so. Same goes for those who lost money.
If money was frozen in the ewallet they could have contested it. I guess you did not really pay attention to what was going on the past 5 years. It’s all on the receiver website.
As far as what is going to happen now, the judge will rule on the motion to send this to collections sometime later this month. I am not sure if the debt will be sold off or if they debt collector will get a fee on what is collected and the receiver gets the balance (which might be distributed to losers in the future). Either way debt collectors will be knocking on a lot of doors soon.
You are probably right, many of the people have spent the money and will not have the ability to pay much or any of it back. I think many of those people are going to take the approach that they are going to ignore this as long as they can with the hope that someday it will go away.
Some may get away with it but it is going to impact many in some way.
I am not trying to be mean but as I read your post, this is what came to mind. Clearly you are someone who has not been paying attention to what has been on going on with the Zeek proceedings for the past 5 years.
If you have been paying attention then perhaps you have a comprehension issue because almost all of your comments are completely false. You do not appear to be living in the real world.
Net winners will spin facts to align with whatever they want to believe and leave out the inconvenient truth. It’s desirability bias at work (relative of confirmation bias).
The bizarre thing about whole clawback thing to me in the first place is there are people who made money by being in a ponzi scheme and getting paid, and those who put in money, hoping to make money in a ponzi scheme but it blew up before they could collect.
The wannabes are getting their money back from the ones who got in earlier. Those wannabees were just as willing to jump into a ponzi as those who are now getting their “earnings” clawed-back.
I don’t see why the wannabes are any less culpable of promoting a ponzi than the others just because it fell apart before they could get paid from the scam.
Can anyone explain why those people are being treated as “victims” not as perpetrators themselves.
@Markie
Simple: Make money in a Ponzi scheme and you’re a net-winner. Lose it and you’re a victim.
Ponzi schemes are marketed on fraud. Your anecdotal summary of the entire Zeek Rewards affiliate-base can’t be proven either way.
Oh and none of the net-winners are being treated as perps. The perps behind Zeek are already in jail.
Other than they lost money in the scam, and thus, “victim”.
Net winners came out ahead in the scam. Thus, “NOT victim”.
Whether they were “guilty” in promoting the scam is neither here nor there.
I have sympathies with Markie’s view. There are no victims in a Ponzi or pyramid scam, only scammers and failed scammers. “Bigger fleas have little fleas, upon their backs to bite them / And little fleas have lesser fleas, and so ad infinitum.”
Losing out does not automatically make you innocent. If I try to punch someone in the face and he dodges and knocks me to the floor, I am still guilty of assault, and he is guilty of nothing (by virtue of self-defence), even though I am the one who has been harmed.
IMHO all proceeds from Ponzi scams should be used to cover the taxpayer’s costs in investigating and prosecuting and any surplus used to educate people not to get involved in scams. But the law is what it is.
I agree with your entire post except I like the word “participant” instead of scammer. They are participants in a crime and they partook in its growth – essentially scammers or willing victims I’d agree.
Ultimately, the goal is to dissuade people from haphazardly joining these things in the first place, and force due diligence for those who might not like to have their name tainted.
“Victim” does not help that purpose nor does returning their money. Because then, we start with a new one again. There needs to be a consequence as a deterrent for the future.
The problem with this assertion is that pretty much every MLM Ponzi scheme is fraudulently advertised as being legitimate.
Just pick out any major MLM Ponzi over the past few years. Read the BehindMLM review comments and you’ll find plenty of people swearing black and blue their scam is legitimate.
The judgment will appear on your credit report along with the collections. Even if you “ignore it,” it will impact your credit for many years.
The collection agency may also file a lawsuit to collect money. Unlike an unpaid bill that goes to collections and you just get annoying letters and phone calls, a lawsuit to collect money on a final judgment could require you to produce all your records on bank accounts, employment, assets, etc.
It can result in liens and all the fees and interest related to the judgment and collections process.
I made an offer to settle for 50% of net winnings. The receiver accepted it and they will drop the interest charges. They give you one year to pay in monthly installments.
I’m still skeptical of my net winnings amount. The only record of my winnings are from the receiver’s spreadsheet . The checks I cashed from zeek are less than my net winnings.