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ZEEK: New Zealand Clawback Defendant With Alleged Username Of ‘sovlife’ Challenges U.S. Court’s Jurisdiction

ZEEK: New Zealand Clawback Defendant With Alleged Username Of 'sovlife' Challenges U.S. Court's Jurisdiction

UPDATED 9:37 P.M. EDT U.S.A. David Ian MacGregor Fraser, a New Zealand resident who allegedly used the Zeek Rewards’ username of “sovlife,” has challenged a U.S. Court’s jurisdiction over him in a clawback lawsuit filed in February by Zeek receiver Kenneth D. Bell. Bell alleged that David Ian MacGregor Fraser received $89,722 from Zeek’s “unlawful […]

In TelexFree Trustee’s Probe, Advisers Turn To Cross-Border Zeek Case For Guidance

In TelexFree Trustee's Probe, Advisers Turn To Cross-Border Zeek Case For Guidance

Billing records in the TelexFree bankruptcy case show that advisers to court-appointed Trustee Stephen B. Darr held an hour-long teleconference with McGuireWoods, counsel to Zeek Rewards’ receiver Kenneth D. Bell. This appears to mark the first time that Zeek’s name has surfaced in TelexFree-related court matters. The two cross-border MLM/network-marketing fraud schemes allegedly gathered a […]

UFunClub Affiliates Solicited International Bank Wires, Provided Type Of Instructions Seen In TelexFree, AdSurfDaily, Zeek And AdViewGlobal Schemes

UFunClub Affiliates Solicited International Bank Wires, Provided Type Of Instructions Seen In TelexFree, AdSurfDaily, Zeek And AdViewGlobal Schemes

UPDATED 8:18 A.M. EDT May 4 U.S.A. Affiliates of the alleged UFunClub MLM/network-marketing Ponzi- and pyramid scheme under investigation in Thailand encouraged recruits to join by wiring the Euro equivalent of sums of up to 100,000 U.S. dollars to Banque de Développement de Guinée S.A., according to promos in English published online. Precisely how the […]

Zeek Rewards’ Dawn Wright-Olivares Loses ‘Several Motor Vehicles’ To Receiver In Cross-Border Ponzi Case; More Actions Coming Against International ‘Winners’ And Vendors

Zeek Rewards' Dawn Wright-Olivares Loses 'Several Motor Vehicles' To Receiver In Cross-Border Ponzi Case; More Actions Coming Against International 'Winners' And Vendors

More lawsuits against international “winners” in the Zeek Rewards cross-border Ponzi-and pyramid-scheme case are coming, receiver Kenneth D. Bell has advised a federal judge. Bell also signaled to Senior U.S. District Judge Graham C. Mullen that lawsuits may be coming against alleged international Zeek vendors such as Payza and SolidTrustPay, both of which earlier were […]

BULLETIN: Receiver Seeks Default Judgments Against Key Zeek Rewards’ Clawback Defendants

BULLETIN: Receiver Seeks Default Judgments Against Key Zeek Rewards' Clawback Defendants

BULLETIN: (6th Update 8:34 p.m. EDT U.S.A.) Zeek Rewards’ receiver Kenneth D. Bell has gone to federal court in the Western District of North Carolina, seeking default judgments against key clawback defendants and alleged “winners” Trudy Gilmond and Jerry Napier, a figure in the AdSurfDaily Ponzi-scheme story. Bell is seeking more than $2.129 million from […]

RECOMMENDED READING: ‘Bank Of The Underworld’

RECOMMENDED READING: 'Bank Of The Underworld'

UPDATED 12:12 P.M. EDT U.S.A. A thoughtful reader sent this along this morning. It’s a story by Jake Halpern in The Atlantic titled, “Bank of the Underworld[:] Liberty Reserve was like PayPal for the unbanked. Was it also a global money-laundering operation?” Here’s a snippet (italics added): Costa Rica was also increasingly known as a […]

In Conference Call For ‘SVM Global Initiative,’ Speaker Makes Veiled Reference To UFunClub Cross-Border Scheme Under Investigation In Thailand: Are North American ‘Sovereign Citizens’ At Work?

In Conference Call For 'SVM Global Initiative,' Speaker Makes Veiled Reference To UFunClub Cross-Border Scheme Under Investigation In Thailand: Are North American 'Sovereign Citizens' At Work?

Are “sovereign citizens” immersed in the “SVM Global Initiative” and “UFunClub” cross-border, network-marketing schemes? “Sovereign citizens” may have an irrational belief that laws do not apply to them. It is not unusual for them to be involved in financial fraud, and some “sovereigns” have been linked to MLM HYIP frauds and securities offering frauds. Individuals […]

COURTING TROUBLE: In Bogus Promo, Obama Shown As Pitchman For ‘MyAdvertisingPays’

COURTING TROUBLE: In Bogus Promo, Obama Shown As Pitchman For 'MyAdvertisingPays'

Depicting then-President George W. Bush as a fan of the AdSurfDaily MLM HYIP “program” backfired in spectacular fashion in 2008, drawing the attention of the U.S. Secret Service. Federal agents eventually seized more than $80 million in an asset-forfeiture case. ASD President Andy Bowdoin, accused of operating a cross-border Ponzi scheme, was indicted. He later […]

BULLETIN: Receiver Sues USHBB Inc., Maker Of Zeek Videos — And Ties Firm To AdSurfDaily Ponzi Scheme

BULLETIN: Receiver Sues USHBB Inc., Maker Of Zeek Videos -- And Ties Firm To AdSurfDaily Ponzi Scheme

9th UPDATE 9:01 P.M. EDT U.S.A. Indianapolis-based USHBB Inc. and three of its principals — James A. Moore, Robert Mecham and Oscar H. Brown — have been sued by the court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case. Receiver Kenneth D. Bell alleges USHBB, a producer of videos, also did work for the […]

PARTINGS: Ronald C. Machen Jr., Whose Office Led AdSurfDaily Criminal Prosecution, Is Leaving Post As U.S. Attorney For District Of Columbia

PARTINGS: Ronald C. Machen Jr., Whose Office Led AdSurfDaily Criminal Prosecution, Is Leaving Post As U.S. Attorney For District Of Columbia

“Serving as the U.S. Attorney for the District of Columbia has been the highest honor of my professional career. I am tremendously grateful to the President, Attorney General Holder, and Congresswoman Eleanor Holmes Norton for placing their trust in me. The men and women of this office are among the most dedicated and talented public […]

Court Filings Show Self-Identified Church Sent $10,000 To Zeek Rewards 9 Days Before Collapse; 2 Other Checks From An Individual Were Marked ‘Blessing’

Court Filings Show Self-Identified Church Sent $10,000 To Zeek Rewards 9 Days Before Collapse; 2 Other Checks From An Individual Were Marked 'Blessing'

UPDATED 8:42 P.M. ET U.S.A. Members of the faith community joining MLM HYIP schemes is a problem. It happened with the $119 million AdSurfDaily Ponzi scheme and the $72 million Legisi scam in 2008, for example. It’s happening currently with the “Achieve Community” scheme. Earlier, members of TelexFree  — an alleged $1.8 billion pyramid scheme […]