Watch Bidding Action In The Zeek Auction LIVE!

Zeek Rewards auction

Item from the Zeek Rewards auction

UPDATED 5:14 P.M. ET U.S.A. The court-approved auction in the Zeek Rewards Ponzi scheme case is being conducted today and tomorrow. Bidding already is under way — and you can observe it live.

We just observed bidding for an autographed poster of Loretta Lynn start out at $100. Competitive bids flowed in, and the poster appears to have been sold for $170.

To observe the live bidding today, go here. You’ll proceed to a page at IronHorseAuction.com in which the words “VIEW BIDS” appear on the left side near the top. Click on those words. You’ll then proceed to a page at ProxiBid.com. An “ENTER LIVE AUCTION” button will appear. Click on that, and you’ll be able to see live bids until today’s auction runs its course.

Check here tomorrow (Dec. 17) and follow the procedure outlined above.

Zeek is believed to have created more victims than any other Ponzi scheme in U.S. history. The auction is part of a court-appointed receiver’s efforts to gather money for victim’s of Zeek’s alleged $600 million fraud.

Kenneth D. Bell is the receiver.

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3 Responses to “Watch Bidding Action In The Zeek Auction LIVE!”

  1. Quick note: The Hank Williams poster referenced in the story below appears to have just sold for $70.

    http://patrickpretty.com/2013/11/20/if-the-good-lords-willing-and-the-creeks-dont-rise-be-at-the-zeek-rewards-auction-on-dec-16-and-17-and-17/

    A photo autographed by Loretta Lynn appears just to have sold for $100.

    Patrick

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  2. Quick note: It looks as though the Zeek HQ building with attached coin-operated laundry and a Zeek storage building just sold for a combined $655,000.

    The receiver, according to the auctioneer, has a right to decline these bids. But the auctioneer said he’d recommend the bids be accepted.

    Patrick

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  3. Quick note: At 12:47 p.m., the auctioneer announced that the Zeek receiver accepted the bids on the office/laundry and storage facility. It appears the final winning bids for the properties combined total $655,000.

    Patrick

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