Zeek Rewards @ BehindMLM

If you’re a Zeek Rewards victim and have yet to file OFAC certification, you might want to get a move on. In an update published on October 5th, the Zeek Receiver has advised claims without an attached OFAC certification and release will be purged after December 31st.

Up until the scheme’s last few months or so, Dawn Wright-Olivares was second-in-command at Zeek Rewards. After the SEC shut down Zeek for being a $850 million dollar Ponzi scheme in 2012, Wright-Olivares (now known as Dawn de Brantes, alias Viola Wright), plead guilty to securities fraud evasion and tax evasion in December, 2013. Wright-Olivares’ stepson [Continue reading…]

An update published on the Zeek Rewards Receivership website last week has announced that Dawn Wright-Olivares and Daniel Olivares are to be sentenced on September 13th. Both Wright-Olivares and her son plead guilty to fraud back in late 2013. The pair are believed to have testified against Paul Burks and co-operated with regulators investigating the case, [Continue reading…]

19 minutes after an SEC agent informed him about an asset-freeze applicable to Zeek Rewards funds, Jaymes Meyer made a phonecall to wire $4.8 million in stolen Ponzi funds out of a Zeek Rewards trust account. Meyer’s error in judgement cost him his freedom yesterday, with Judge Cogburn handing down Meyer a fifteen month sentence.

The Zeek Rewards Receiver was appointed back in August of 2012. Saddled with recovering funds for distribution to victims of the $900 million Ponzi scheme, other than a few disappointing settlements the Receivership has overall been a success. The Receiver has marshaled total assets of approximately $361.4 million during the period between August 17, 2012 and June [Continue reading…]

Now that Paul Burks has been found guilty on all counts, you’d expect those who profited the most in Zeek Rewards to give up on the notion that they’re entitled to keep funds they stole. Not so. Literally a week after the Burks verdict was handed down, Zeek Rewards net-winners continued to fight the Receiver in [Continue reading…]

In what might have been an attempt to avoid answering prickly questions about the whereabouts of $13.1 million dollars of stolen Ponzi funds, last month PaymentWorld sought to delay the deposition of CEO Roman Balanko. Balanko appears to be at the heart of the missing funds, with his deposition expected to reveal crucial information that will [Continue reading…]

The original argument of those who profited in the Zeek Rewards Ponzi scheme was that it wasn’t a Ponzi scheme. After wasting $30,000 of Zeek Reward victim’s fund on an expert witness they hoped would prove just that, turns out the witness was unable to disprove Zeek Rewards was a Ponzi scheme. Armed with this [Continue reading…]

Paul Burks trial has concluded, with a jury finding him guilty on all four indictment counts. He faces up to 65 years in prison and a $1 million fine. U.S. District Judge Max Cogburn will sentence him at a later date. After all those delays, all those nonsensical filings and all the weak arguments about [Continue reading…]

The evidence part of Paul Burks’ criminal trial appears to be over, with a Motion for an Acquittal filed by Burks on July 19th. Burks is seeking an acquittal on count four of his indictment (tax fraud), after a Motion to Dismiss the count was denied last month.