Zeek Rewards net-winner scammers’ Fourth Circuit appeal denied
In an announcement published earlier this month, the Zeek Rewards Receiver has provided some updates on final distribution payments.
We’re a bit late on the Receiver’s May 6th announcement. Nonetheless in the Receiver’s latest announcement he reveals a Fourt Circuit appeal loss for certain Zeek Rewards’ net-winners.
Said net-winners objected to being ordered to return funds they stole from Zeek Reward victims in January 2018.
In their appeal, the Zeek net-winners asked the Fourth Circuit decertify the Net Winner class and reverse all prior judgments pertaining to the class.
That evidently went down like a ton of bricks in court and the Fourth Circuit denied the appeal in full.
Writes the Receiver of the appeal failure;
The decision of the Court of Appeals means that all judgments of liability against the defendant class members are now final.
Based on this decision, I will now move forward to pursue collection of the Judgments or their sale to a third party.
US based Zeek Rewards scammers who have yet to repay their victims, can expect debt collectors to come knocking at some point.
Of the Zeek Rewards net-winner class, there’s still about a hundred scammers whom the Receiver hasn’t pursued final judgement against.
The Receiver advises efforts to secure final judgment against these net-winners will commence this summer in the US.
With respect to final distribution payments the Receiver advises that, although he is tempted to issue an interim payment, it’s cost prohibitive.
Instead once the net-winner actions above are resolved (selling secured judgments to debt collectors and securing final judgment against remaining net-winners), and the long-running Payza VictoriaBank PaymentWorld case is resolved, Zeek claimants will receive a final distribution payment.
We appreciate the continued patience of the claimants and will of course continue to work to complete the Receivership as soon as possible.
No timeframe for final distribution has been provided.
I can’t see selling Zeek net-winner judgments to debt collectors taking more than a couple of months. Securing final judgments against the hundred or so left… maybe six months tops?
As for the Payza VictoriaBank PaymentWorld saga, last we checked in Payza had relinquished their interest in the $13.1 million to the Receivership.
Proceedings against VictoriaBank and PaymentWorld continue.
Is there a list of who these people are? I know a few in my area who made out like bandits and as far as I know have never paid anything back.
A couple of them were on the early list of clawback net winners.
The only list we got was the initial ones. Nothing since.
It is amazing to me that they thought they would win this case in the first place. Did they really think the court was going to allow them to keep their stolen money from their part in a Ponzi?
Of course now they are going to claim poverty and they don’t have the money to give back as they thought Zeek was a real business and they “earned” their money for all the work they did to build “their business” mantra.
But you have to realize, those of us who made money on this busted our ass! I thought it was legit at the time and I worked very hard. I made about $9000 but I feel I earned every penny of it.
Why can’t they get the money from the head honchos who made millions from this? Why go after us who thought we were earning money?
Recruiting people into a Ponzi scheme and giving away Ponzi points isn’t work.
They did.
Because it doesn’t matter what you think/thought. Zeek Rewards was a Ponzi scheme.
Im with you Sue Phillips! I did make a little money, but had no idea the higher ups were scamming.
I lost family and friends as a result of something I had no idea of. I feel for those who maybe lost before they earned, but feel if they had earned…they would feel the same as we do.
Now, they are asking from me (4 times) the amount I received over my investment. I don’t know how or why, but it’s clear they are creating more victims while saying they are trying to get money back from others. The so called “winners” are just as much losers as the others.
The “higher ups” were stealing through the same Ponzi scheme you were.
Anyone who “made money” in Zeek Rewards did so by stealing from its victims.
Because financial records, that’s why. You had plenty of time to prove you only invested what you pretended to. Pay up.
This is ridiculous. Oz you keep saying “well it doesnt matter if you knew it was a ponzi scheme or not you were still part of a ponzi scheme so you have to pay back the money you made”.
Ok well who are we paying the money back too? People who would be in the exact same position we are if it didnt get shut down when it did and they couldn’t make money.
Everyone who we are “paying back” are people who bought into the exact same BS we did only we bought into it before they did. Are you going to tell me that they knew it was a ponzi scheme when they bought into it?
No. We were givin a set of tasks to complete everyday and we got paid for it.
We had no idea where the money was coming from cause we weren’t paying ourselves.
We were getting paid for doing a job or so we thought and now we have to pay back all this money plus some extra because some people are butt hurt they lost money?
What happened to “never invest more money than you can afford to lose”?
I’ve lost money on all kinds of internet scams why haven’t I gotten my money back from any of those scams?
To the Receiver, who then distributed it to Zeek Rewards victims.
Cool. They lost money though and net-winners such as yourself didn’t. Pay up.
You weren’t getting paid for doing anything. Nothing Zeek Rewards had its affiliates do generated revenue, except recruitment of new affiliate investors.
In any case it doesn’t matter what you thought you were doing, you were stealing money through a Ponzi scheme and ignorance, willfull or genuine, isn’t a defense.
Might have been a mantra used to promote Ponzi schemes but otherwise isn’t a thing.
Probably because they weren’t shut down and didn’t have a Receiver appointed. Here’s a tissue.
We were getting paid for referring people/ bringing traffic to the site. (Which records can show I never personally referred anyone/had people sign up from any of my links, but I still have to pay money back).
We didnt have any part in how they were running the company. But in done with this. You’re just going to say the same thing no matter what.
@Matt c
And you are embarrassing yourself on here with laughable, crackpot arguments/excuses.
Coincidence ? I think not.
Thanks for the laugh.
You stole money through a Ponzi scheme and participated in pyramid recruitment, none of which leaves you entitled to keep what you stole. Pay up.
Facts are facts. Now you’re getting it.