Zeek Rewards Receiver’s final distribution + closing case
The Zeek Rewards Receiver has filed two new motions; one requesting permission to make a final distribution, the other seeking to close the long-running case.
With respect to a final distribution payment to Zeek Rewards victims, the motion states;
The Receiver seeks approval of this Court to make a fifth and final distribution to holders of allowed Claims.
The Receiver plans to distribute an additional amount of approximately $10,000,000-$13,000,000 to claimants.
If the motion is granted, victims with a valid claim will be given until November 1st to make any Claims Portal changes.
After that checks will be issued. Any that aren’t processed will be deemed “unclaimed property”.
If the total amount of unclaimed property is $100,000 or more, the funds will be redistributed to valid claim holders.
If the amount is less than $100,000, unclaimed funds will be donated to charity.
The Receiver’s other motion pertains to administrative closure of the Zeek Rewards case.
The Receiver believes it is time to administratively close the receivership while the Receiver completes the administration of the
RVG Estate in accordance with the mandates of the receivership and makes the final distribution.
The Receiver’s motions were filed on October 6th. At time of publication decisions on both motions remain pending.
The Zeek Rewards Receivership was established in August 2012.
Over the course of its operation, the Receivership
- recovered over $10 million from financial institutions and payment processors;
- recovered “millions in assets” from Zeek Rewards insiders;
- raised $10 million by selling default judgments obtained against Zeek Rewards’ net-winners; and
- distributed over $356 million to Zeek Rewards victims.
BehindMLM began coverage with our Zeek Rewards review in September 2011. Since then we’ve published two hundred and thirty articles covering the saga.
In 2017 Zeek Rewards founder Paul Burks (right) was sentenced to fourteen years in prison.
Burks, 74, is currently incarcerated in FCI Butler, a North Carolina medium security prison.
He is scheduled for release in February 2028.
Pending approval of the Receiver’s motions, this also brings BehindMLM’s decade long coverage of Zeek Rewards to a close.
Update 17th October 2021 – The court approved both the Receiver’s motions on October 12th.
This means the Zeek Rewards case is now officially closed.
We don’t have a date for final distribution but I’ll continue to monitor the Receivership website as long as it’s up.
Update 29th May 2022 – As of May 19th, the Zeek Rewards Receivership has been closed.
End of an era.
Do we know what % of their losses victims got back via the receiver??..
81% last April – https://behindmlm.com/companies/zeek-rewards/zeek-rewards-victim-distributions-top-81-recovery/
Haven’t seen an updated figure since.
Thanks!!..
81%?? as long as the recovery rate is that high, this industry of professional victims and professional scammers is going to be a permanent thing.
“be a net winner or get back upto 81% if you’re not.” that’s better than law enforcement seizure, collections or civil action recovery.
Waiting for final distribution.
Article updated to note motion approval.
I did not know there was a suit going on. Is there a way to add our name to the list to receive our money back?
Zeek Rewards was shut down in 2012. Nine and a half years later no, there is no way to add your name to a recovery list.
This receivership is a rock star. Depending on what the final distribution is, I have been almost 100% restored.
I don’t know exactly what kept me from recruiting people into this mess. But I am thankful I didn’t.
I decided to risk on my own dime, yay me! The small amount of money I will not recover is the price I paid for being so stupid and gullible.
Wow- and after nearly a decade I can say this has been one long, strange journey !
-XORLY
Received check dated 1/19/22 for est 3% of total I invested. Accrued refunds now est 84%.
Will the balance still owed be refunded? Are they closing the case?
I believe that’d be the final distribution.
Also received final check today. As Tomas stated, it was about 3% of the total investment (3.099%).
Nice to receive most of the money back, after 10 long years, but there was certainly no incentive to want to participate in something like this again.
Good to hear!
I filed to reissue checks that i never received. I had no address issues and several checks were shown that they were never cashed by anyone.
Why didnt i get my checks ?
If the checks weren’t cashed I presume you can verify they were sent out.
Given others have received their checks with no issue it’s likely a user-error but only the Receivership can confirm.
There is no response from receivership.
Does anyone have a working number for receivership??
This isn’t tech support for the Receivership.
One thing I’ll point out is the first Zeek distribution checks went out in 2014. If you’re just now trying to chase this up that sounds incredibly suss.
Your claim might have been disallowed sometime over the past eight years due to non-response.
No they issued about 8 checks to me that never were cashed and 2 were recently thie past year. 2 of the smallest ones ?? So why not the larger amounts in the earlier years. I submitted for reissue last year.
No change of address either.
No they kept issuing checks and i cashed the last 2 but never received the others but put in requests to reissue. The amount is about 3k missing still. The 2 i cashed in the last 2 months were leas than 100.
I need to talk to someone. Is there anybody i could possibly call??
I have missed checks throughout the years for some reason ??
So 8 checks over eight years and… you’ve not cashed out any of them?
These funds weren’t sitting there for perpetuity. I’d have to go back and check specifics (can’t be arsed to be honest), but I suspect after a certain period of time unclaimed funds are put towards distribution payments to claimants paying attention.
Final distribution payments went out last month cleaning out what was left.
The Receiver has received approval to wind up after that so you might not receive a response as there’s nobody working there anymore.
I can’t answer your specific questions pertaining to the Receiver but waiting months/years hasn’t worked out for you.
About 8 checks were issued and mailed to me and for some reason i didnt get them and they went uncashed. So the checks awarded in the last 4 years. I got the first check and the last 2. But not the several checks in the middle ?
Seems odd i got all the lower anounts and not the bigger ones.
The portal allowed me to reissue them but only 2 small ones came. The others still nothing.
Same question here –
IS THERE A CONTACT NUMBER TO CALL RECEIVERSHIP ?
I received final check. But Still have not received the reissued check for the one I did not receive, requested last April.
I wish There is a number to call.
If there’s no number provided on the Receivership website then there’s no number to call.
The Zeek Receivership has been winding down for some time in any event. Lights out.
On the website sign in info the greatest Successor Receiver Matthew E. Orso said they have sent out all distributions (include bank wire transfer).
But why I still not receive my final bank wire?
I doubt that they really made the bank wire!
What a stupid liar!!!!
lied and corrupted!!!
You can see people above who received final distributions. So they definitely went out.
Sounds like a “you” or “your bank” problem.
Yes!
There is no doubt that all the checks were sent out as they said.
But what I not receive is the bank wire transfer which I think they didn’t make.
Or it was blocked by your bank?
I have called my bank, they said no money was wired in.
It is really funny! And thx!
I received final dividend cheque by mail in May 2022, dated 19/01/2022.
Tried to bank same. Aussie banks don’t accept foreign currency anymore, emailed Receivership to organize a bank transfer, no response.
Anyone experienced this dilemma? Anyone know how to contact appropriate authorities dealing with the payout?
Some people in Africa were having issues.
Seems like there’s plenty of ways to cash foreign checks in Australia.
I live in Australia and was sent a check. All the banks I have approached her do not accept overseas cheques now. Does anyone know how I can get in touch with them?
Plenty of Google options for “cash foreign check australia”.
The Zeek Receivership is closed, there’s nobody to contact.
Hi, I sent out several requests that I have not received my final distribution. Can someone help me with that please. Thank you.
As per the article, the Zeek Receivership has been closed.
What a disappointment and dishonest Receivorship. They e-mailed me telling me they would reissue and send me a final check for one that was sent to an old address and they never did.
Looks as though I’m one of many that this receiver has ripped. Covid caused a late check and my OZ bank (Bendigo) would not cash it.
I requested it be sent EFT and Receiver said they would but I must wait and get it with final distribution by EFT.
Receiver sent final distribution (US$218…..but did not include the Covid check for US$615. They then conveniently shut the site down and would not communicate…very deceitful I’m afraid! Walter
Would like to know the name of the receiver manager??????/
So um, let’s break this down.
Presumably you’ve received every prior distribution check, meaning you’re very likely 70% or more whole.
Receiver send out your last distribution checks, COVID-19 and your shitty bank screw up ~$400 out of the last distribution.
The Receivership, as per a previously court approved schedule and on the belief his job is done, shuts down.
And that somehow translates to the Receiver personally screwing you out of $400 and being deceitful.
I think you need to take a step back and reevaluate your decisions in life, Karen.
Hey Karen, when the receivership tells one something directly and in writing by e-mail, that they will send out a payment, and then they do not follow thru with what they said, as several people here have stated, then that is an upsetting thing and yes, it is the receivership who has now personally screwed people over.
After all, with whom do you think that money is still with?
The Receivership did this. You providing them details of a shitty bank isn’t their problem.
Fuck me, how many years have you had to get your payment details together?
You screwed yourself over by providing shitty banking details. This is very much a “you” problem.
The US govt. The Zeek Rewards Receivership doesn’t exist anymore.
Maybe call up the SEC and ask to speak to the manager?
Aussies deposit overseas checks every day…
All you had to do was walk across the street to one of the big 4 banks(ANZ, NAB, COM or Wespac) with 100 points of ID which we all carry in our pockets and open an account then deposit it…few days later, after it cleared you’d have cash in your pocket to go spend…
But no, you were lazy and expected a receiver in the USA to dance for you…
Cry me a river cos your laziness is to blame…
Hey Karen, or Oz, I have no idea what you are talking about with your comments that I provided details of a shifty bank to the receivership.
That is someone else as the receivership had my mailing address and told me in writing by e-mail that they would be sending me a check, which never happened.
I am not the only one here who has posted about not receiving checks after being told by them that a check would be sent out.
Apologies, I do appear to have mixed up my whiners.
How do you know a check wasn’t sent out?
There are literally thousands of Zeek investors who aren’t on here with their unique individual problems. They’ve received full available payment without issue.
You won’t find them on here because they’ve gotten on with their lives.
Receiverships aren’t out to screw you over. It might not be seamless but they work for the overwhelming majority of victims with a valid claim.
Anyway the Receivership is closed and if you fucked up somewhere along the way, oh well.
I’ll be marking any further whinging as spam as BehindMLM isn’t tech support for Receiverships.
Was it the SEC which appointed the Zeek Rewards Receivership and the specific people within the Receivership to manage and distribute back the funds to victims of the Zeek Rewards scam company?
The judge/court appoints the receiver in cases like ZeekRewards…
Which judge/court?
Specifically which judge/court, what are the names?
Are you that lazy that you won’t even google “ZeekRewards judge” to find the answer yourself??…
This explains why you crying now…you were prolly to lazy to follow the claims process correctly…
It was US District court and the judge was Max O Gogburn Jr….
justice.gov/usao-wdnc/pr/former-zeekrewards-ceo-sentenced-more-14-years-operating-900-million-internet-ponzi#:~:text=CHARLOTTE%2C%20N.C.%20%E2%80%93%20U.S.%20Attorney%20Jill,%24900%20million%20Internet%20Ponzi%20scheme.
Well akshually…
The SEC’s case was filed in the Western District of North Carolina, Charlotte Division.
justice.gov/usao-wdnc/victim-witness-assistance/zeekrewards
Thanks for the correction..
(Ozedit: see below)
People got their final distribution checks. This is a “you” problem.
BehindMLM is not Receivership tech support. Much the less for closed Receiverships.
I listed a post, #52, which had a positive ending, that I just received a final check that I was promised way back in January by the Receivership.
This final check which I just received was dated July 13th. (Ozedit: snip, see below)
Thank you for confirming the Zeek Receivership is not “dishonest” and did not in fact “screw you over” as claimed earlier this month.
Best of luck in life.
Ezactly, that was the whole point of my post #52. But why did you feel it necessary to Ozedit it because I don’t even see the post anymore. Did you Oz delete it?
Because BehindMLM isn’t tech support for Receiverships. If there’s something salvageable I’ll put in an edit and reply.
If it’s the usual “hur dur Receivership stole my money hur dur everyone is out to get me” nonsense I stop reading, click spam and move on.
This was a classic case of a “you” problem. All you had to do was wait.
There was nothing in my post #52 wanting tech support. Neither was there anything negative in my post #52 (Ozedit: snip, see below)
Beyond noting you did in fact receive your final distribution check, I don’t care. BehindMLM is not tech support for Receiverships.
And I certainly don’t want to waste my time discussing your personal problems any further. Goodbye.
(shout out to Receivership staff that have to deal with these idiots day in and day out)
thanks.