Zeek Rewards @ BehindMLM

Last November saw the Receiver file a clawback lawsuit against twenty-five Canadian Zeek Rewards investors. Some have replied to the litigation filed against them, but a number of net-winners chose to simply ignore the proceedings against them. Allowing sufficient time for a reply to be filed to pass, this resulted in the Receiver filing for [Continue reading…]

So far the court-appointed Zeek Receivership has sued the $850 million dollar Ponzi scheme’s top domestic (US) net-winners and their Canadian counterparts. Now, in a lawsuit filed on the 29th of December, the Receivership is going after Zeek’s top Australian net-winners too.

Back in October we covered an update from the Zeek Rewards Receivership regarding funds withheld for tax purposes. Shortly after the Receivership announced that victim checks would be going out on September 30th, reports surfaced about 30% of payouts being withheld by the Receiver. Clarifying why the funds were held back, the Receivership put out [Continue reading…]

Clawback litigation was filed against Zeek Reward’s top net-winners in Canada back in early November. With the twenty-one day deadline to file a response well and truly past, the Receiver has now filed for default judgement against several non-responsive defendants.

“It’s like watching the blind lead the blind…” Having likely colluded with fellow defendant Todd Disner, David Sorrells sought to escape the default judgement rendered against him back in July. Like Disner, Sorrells figured if he ignored the clawback litigation filed against him, that he wouldn’t have to return the Ponzi funds he stole from [Continue reading…]

The ongoing battle between the Zeek Rewards Receivership and Plastic Cash International (PCI) has seen the Receivership demand the company return an outstanding $8.9 million in fees collected from Rex Venture Group (Zeek’s parent company). Plastic Cash International provided Rex Venture Group with access to payment processor services, permitting them to continue defrauding investors to the [Continue reading…]

In analyzing court filings by Ponzi investors, a common thread of assuming the judiciary and regulators involved in the case are complete morons can be observed. Whether this stems from the bubble-world such investors live in, a carry-over from treating the everyone they encounter as gullible morons (critics of the schemes they invest in are also [Continue reading…]

The two remaining high-profile disputes between merchants and the Zeek Receiver are NxPay and Preferred Merchants. NxPay served as Zeek’s merchant payment processor and, after returning some of the stolen Ponzi funds in their possession, hold out that they are entitled to keep some $9 million. After the staffer NxPay put in charge of negotiating [Continue reading…]

In an effort to get out of paying back the millions they collectively stole from Zeek Rewards victims, the scheme’s top profiteers filed a series of motions to dismiss mid 2014. They then attempted to use the filing of these motions to stop the Receivership performing discovery (such as learning where they’d stashed their winnings). A [Continue reading…]

In its later days, NxPay was the ewallet of choice for Zeek Rewards. The e-wallet service operates as a “platform” for transferring funds between two parties: one party makes funds available to another party, but until the receiving party takes action to withdraw the funds, “the funds are within the control of the party transferring the funds and [Continue reading…]