Zeek Rewards

PP Blog Tag archives on references to "Zeek Rewards."

BULLETIN: Zeek Receiver Issues More Than 90,000 Checks

BULLETIN: Zeek Receiver Issues More Than 90,000 Checks

BULLETIN: Kenneth D. Bell, the court-appointed receiver in the Zeek Rewards pyramid- and Ponzi-scheme case, says he has issued and mailed 90,297 checks “to Affiliates that hold Allowed Claims as their first interim, partial distribution.” The SEC has decribed Zeek as a fraud scheme that gathered hundreds of millions of dollars. The first round of […]

ANOTHER MLM PR DISASTER: Zhunrize, Alleged Worldwide Pyramid Scheme That Gathered $105 Million, Was Presented As A ‘Plan B’

ANOTHER MLM PR DISASTER: Zhunrize, Alleged Worldwide Pyramid Scheme That Gathered $105 Million, Was Presented As A 'Plan B'

2ND UPDATE 5:25 P.M. EDT U.S.A. Purported “Plans B” are one of the core signatures of the the MLM HYIP sphere, which is known for incredibly toxic global frauds such as Zeek Rewards and AdSurfDaily. In 2009, an ASD reload scam known as AdViewGlobal was positioned as a “Plan B.” The individual schemes of Zeek […]

URGENT >> BULLETIN >> MOVING: SEC Calls Zhunrize MLM Company Worldwide ‘Pyramid Scheme’ That Gathered More Than $100 Million

URGENT >> BULLETIN >> MOVING: SEC Calls Zhunrize MLM Company Worldwide 'Pyramid Scheme' That Gathered More Than $100 Million

URGENT >> BULLETIN >> MOVING: (8th Update 6:56 p.m. EDT U.S.A.) The SEC has gone to federal court in the Northern District of Georgia, alleging that the Atlanta-based “Zhunrize” MLM program is a pyramid scheme that operates globally and has gathered $105 million from 77,000 investors. The Zhunrize “program” has been charged with fraud. It […]

No Immediate Comment From Federal Reserve On Claims Related To Emerging BitClub Network ‘Program’

No Immediate Comment From Federal Reserve On Claims Related To Emerging BitClub Network 'Program'

UPDATED 12:27 A.M. EDT SEPT. 22 U.S.A. The PP Blog today contacted the Board of Governors of the Federal Reserve System, owing to claims concerning the emerging BitClub Network “program” that is being pitched by certain members of the $850 million Zeek Rewards Ponzi- and pyramid scheme. Known in shorthand as the Fed, the Federal […]

Launch Of Murky BitClub Network ‘Program’ Appears To Be Under Way

Launch Of Murky BitClub Network 'Program' Appears To Be Under Way

Much remains murky about BitClub Network, a Bitcoin-themed “program” that in typical HYIP fashion missed at least three advertised launch dates earlier this month. The launch, however, now appears to have gotten under way shortly after “2 p.m. EST” today, a possible indicator that the “program” is using Panama time. One promo the PP Blog […]

BULLETIN: Government Of Colombia Investigates TelexFree, Ties

BULLETIN: Government Of Colombia Investigates TelexFree, Ties

BULLETIN: The government of Colombia appears to be seizing assets linked to four Colombians with alleged ties to TelexFree, which authorities in the United States have described as a massive cross-border pyramid- and Ponzi scheme. La Superintendencia de Sociedades, Colombia’s Superintendency of Companies, has published notices of the action. (See link to document (Spanish) below.) […]

T. LeMont Silver In Furious Name-Dropping Spree For BitClub Network; Veteran MLM Huckster Still Trails WCM777 Scam In Unofficial Record Book

T. LeMont Silver In Furious Name-Dropping Spree For BitClub Network; Veteran MLM Huckster Still Trails WCM777 Scam In Unofficial Record Book

3RD UPDATE 11:45 A.M. EDT U.S.A. Zeek Rewards clawback defendant T. LeMont Silver promised “training” to recruits of the emerging BitClub Network “program” — and the veteran HYIP huckster delivered by training his listeners to drop names. Lots and lots of names. Regardless, Silver might have to dial up his efforts if he hopes to […]

‘BitClub Network’ Now Reportedly Set To Launch On Sept. 10, Eve Of Anniversary Of 9/11 Attacks

'BitClub Network' Now Reportedly Set To Launch On Sept. 10, Eve Of Anniversary Of 9/11 Attacks

The BitClub Network “program” — originally set to launch Sept 1, the 75th anniversary of the beginning of World War II — reportedly now will launch on Sept. 10. That’s the eve of the 13th anniversary of the 9/11 terrorist attacks. The Sept. 10 launch time is pegged for “2pm EST,” which possibly means the […]

DEVELOPING STORY: Zeek Receiver Seeks Temporary Restraining Order ‘Necessary To Prevent Further Dissipation And Waste Of The Assets At Issue’

DEVELOPING STORY: (Updated 9:44 a.m. EDT Sept 3, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case has asked a federal judge for a Temporary Restraining Order he says is necessary to prevent “further dissipation and waste” of certain assets. Receiver Kenneth D. Bell asked that the motion be filed under seal. […]

ZEEK RECEIVER: ‘No Comment’ On BitClub Network Story

ZEEK RECEIVER: 'No Comment' On BitClub Network Story

Zeek receiver Kenneth D. Bell had “no comment” this morning on an Aug. 30, PP Blog story that reported Zeek figure T. LeMont Silver now was pushing a murky “program” called “BitClub Network.” Bell has raised concerns that Silver is a serial promoter of Zeek-like schemes to defraud. As the PP Blog noted yesterday, Silver […]

In Face Of Clawback Action And Warnings On Bitcoin Scams, Zeek Figure And Florida ‘ExPat’ T. LeMont Silver Offers ‘BitClubNetwork’ Mark Bonus Of More Than 3 Times What He Pays His Dominican Maid — And Uses Address In Money-Laundering Haven

In Face Of Clawback Action And Warnings On Bitcoin Scams, Zeek Figure And Florida 'ExPat' T. LeMont Silver Offers 'BitClubNetwork' Mark Bonus Of More Than 3 Times What He Pays His Dominican Maid -- And Uses Address In Money-Laundering Haven

“The Florida Office of Financial Regulation (OFR) warns consumers of the potential risks associated with purchasing, investing in, and exchanging virtual currencies, such as bitcoin. Members of the U.S. Congress, federal and state regulatory authorities, are continuing to question a way forward with respect to these diverse and decentralized payment mechanisms. Mt. Gox, an international […]