Back in March Paul Burks demanded the government provide him with a bill of particulars and additional information pertaining to the DOJ’s criminal case against him. A bill of particulars is provided “to enable a defendant to obtain sufficient information on the nature of the charge against him so that he may prepare for trial, [Continue reading…]
On the 29th of April Kenneth Bell, the Zeek Rewards Receiver, filed his first quarter report for 2016. In the report the Receiver covers: collections from settlements payments to Zeek Rewards victims ongoing recovery efforts against Zeek new-winners and insiders (Michael Van Leeuwen, Todd Disner, Trudy Gilmond and Darryle Douglas) a new settlement with Preferred [Continue reading…]
This one’s a bit messy, so bear with me. Following on from our February article “How Payza & friends are screwing Zeek Rewards investors“, efforts to recover funds from Zeek Reward’s shady banking operations continue. Our players in this story are: Payza – a payment processor synonymous with the MLM underbelly Payment World – a Hong [Continue reading…]
To date the Zeek Receivership has paid out on claims to over 100,000 Zeek Rewards victims. This includes victims both in and out of the United States. As defined in the court-approved distribution plan, victims distribution payments have been made via check. Unfortunately for some non-US victims, they have been unable ‘to locate a financial institution [Continue reading…]
With Dawn Wright-Olivares and who else looking set to testify against Paul Burks, we were looking forward to his scheduled May 2016 trial. Burks, mastermind of the $850 million dollar Ponzi scheme Zeek Rewards, is facing multiple 20 and 5 year prison terms and potentially millions of dollars in fines. Wright-Olivares was second in command for [Continue reading…]
In yet another blow to merchants who facilitate the operation of MLM Ponzi schemes, a criminal charge has been filed against the owner of one of Zeek Rewards’ payment processors.
Good news for Zeek Rewards victims, not so good news for banks who think they can get away with providing financial services to Ponzi schemes. As part of the Zeek Receiver’s ongoing efforts to hold accountable service providers and vendors who provided services to Zeek Rewards, a $10 million dollar settlement with NewBridge Bank has been [Continue reading…]
Zeek Rewards mastermind Paul Burks’ criminal trial is only a few months away. Increasingly, the legal showdown looks like it’s going to pit scammer against scammer in a battle royale. The latest suspicions that former Zeek Rewards management will be pitted against him, come no less than from Burks himself.
Following the regulatory shutdown of Zeek Rewards, Darryle Douglas was classified an insider and pursued by the court-appointed Receiver. After years of ignoring proceedings against him and then attempting to launch a new scam, Douglas was finally slapped with contempt proceedings. On December 10, 2015, Judge Mullen found Douglas in contempt of court. A warrant for Douglas’ [Continue reading…]
Not entirely sure why, but a new order in the Zeek Receiver’s litigation against Canadian net-winners has “reset” the trial with a new date in September. Jury Trial reset for 9/6/2016 10:00 AM in Courtroom 2-2, 401 W Trade St, Charlotte, NC 28202 before Senior Judge Graham Mullen. The trial had otherwise been scheduled to [Continue reading…]
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