Zeek Rewards

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

EDITORIAL: Uber Isn’t MLM, But It Sure Acts Like It

EDITORIAL: Uber Isn't MLM, But It Sure Acts Like It

We’ll begin by pointing out that Uber, the popular ride-sharing company and darling of venture capitalists, is not an MLM firm. But it sure is acting like one, even briefly vomiting one of MLM’s most familiar and reflexive responses to critics: HatersGonnaHate. Can MLM enterprises and MLMers in general learn from Uber’s bizarre missteps? You […]

BitClub Network Now Wants 500 New Suckers; Participants Exhorted To Be Patient Because Purported Mining ‘Community’ Venture Is Like ‘Building A Home-Made Space Ship To Explore Outer Space’

BitClub Network apparently has found its first crop of 500 suckers willing to throw down $3,599 to become “Founders.” A link from a new post on Twitter suggests BitClub Network now is trying to line up 500 new suckers who’ll purportedly earn half of what the core group was promised. The new suckers will be […]

REPORTS: Paul Burks, Alleged Operator Of $850 Million Zeek Rewards Ponzi, Pleads Not Guilty And Is Released On $25,000 Unsecured Bond

REPORTS: Paul Burks, Alleged Operator Of $850 Million Zeek Rewards Ponzi, Pleads Not Guilty And Is Released On $25,000 Unsecured Bond

Paul Burks pleaded not guilty this morning and has been released on $25,000 unsecured bond, The Dispatch newspaper of Lexington, N.C., is reporting. Burks, 67, was the alleged operator of Zeek Rewards, which federal authorities have described as an $850 million Ponzi- and pyramid scheme. He was indicted last month on charges of wire and […]

UPDATE: With Purported 100 Percent ‘Repurchase Or Recapitalization Feature,’ BitClub Network Dials Up The Scamming

UPDATE: With Purported 100 Percent 'Repurchase Or Recapitalization Feature,' BitClub Network Dials Up The Scamming

Affiliates of the BitClub Network “mining” scam have taken to Twitter today with news asserted to be glorious: Participants can leave 100 percent of their money in the “program.” “The reason why you should consider setting all your bitclub network mining pool repurchases to 100% is the fact that you will build up your amount […]

Quebec Moves To Shut Down Site That Purportedly Monitors HYIP Programs, Saying Operator Is Aiding Scammers

Quebec Moves To Shut Down Site That Purportedly Monitors HYIP Programs, Saying Operator Is Aiding Scammers

If the Autorité des marchés financiers (AMF) gets its way, a website styled maxhyip.com will be shut down and its operator blocked from promoting “products and services relating to various high-yield investment programs (HYIP[s]) to Quebeckers.” The alleged operator of the site is Steeve Beaudin, against whom AMF is seeking a cease-trade order and “administrative […]

BULLETIN: Zeek-Like Situation Surfaces In TelexFree Case — Dishonored Cashier’s Checks; Trustee Seeks Authority To Subpoena Banks, Including Bank In Puerto Rico

BULLETIN: Zeek-Like Situation Surfaces In TelexFree Case -- Dishonored Cashier's Checks; Trustee Seeks Authority To Subpoena Banks, Including Bank In Puerto Rico

BULLETIN: The court-appointed trustee in the TelexFree bankruptcy case is seeking authority to issue subpoenas and obtain information from eight financial institutions, including Puerto Rico-based Oriental Bank. The other seven are Digital Federal Credit Union, based in TelexFree’s headquarters city of Marlborough, Mass., Bank of America, JPMorgan Chase, Citizens Bank, Santander, TD Bank and Wells […]

In Extraordinary Development, Federal Judge Approves Temporary Restraining Order ‘Without Notice’ That Directs Zeek Vendor ‘To Immediately Deposit With The Receivership’ Nearly $5 Million

In Extraordinary Development, Federal Judge Approves Temporary Restraining Order 'Without Notice' That Directs Zeek Vendor 'To Immediately Deposit With The Receivership' Nearly $5 Million

DEVELOPING STORY: (Updated 10:02 p.m. EDT U.S.A.) In an extraordinary development on this Halloween Friday, the federal judge presiding over the SEC’s Ponzi- and pyramid-scheme case against Zeek Rewards has issued a Temporary Restraining Order and directed a Zeek vendor to immediately turn over to the receivership more than $4.85 million. The order was entered […]

Some Zeek Claimants From Outside The United States Unable To Deposit Distribution Checks; Receiver Provides Guidance

Kenneth D. Bell, the Zeek Rewards receiver, published an announcement last night that certain Zeek claimants from outside the United States who received a distribution check were unable to deposit it. Here is the announcement, dated Oct. 30, 2014 (italics/bolding added). ANNOUNCEMENT FROM THE RECEIVER – October 30, 2014 Various foreign claimants have reported that […]

BULLETIN: Receiver Sues Zeek ‘Winners’ In Canada

BULLETIN: Receiver Sues Zeek 'Winners' In Canada

BULLETIN: New court filings today in the Western District of North Carolina show that the court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued 26 alleged “net winners” in Canada. Each of the defendants allegedly received at least $50,000, according to filings by receiver Kenneth D. Bell. More . . .

URGENT >> BULLETIN >> MOVING: Zeek’s Paul Burks Indicted

URGENT >> BULLETIN >> MOVING: Zeek's Paul Burks Indicted

URGENT >> BULLETIN >> MOVING: (3rd update 9:15 p.m. EDT U.S.A.) Alleged Zeek Rewards operator Paul R. Burks has been indicted by a federal grand jury in Charlotte, N.C., on charges of wire and mail fraud, wire- and mail-fraud conspiracy and tax-fraud conspiracy. Burks, 67, of Lexington, N.C., is the third Zeek figure to be […]

REPORTS: Enterprise Known As ‘BitcoinTrader’ Has Collapsed And Management Has Disappeared

EDITOR’S NOTE: Beginning in late August, some promoters of the Zeek Rewards Ponzi scheme said they were moving to a “program” known as BitClub Network, a purported “mining” venture that purportedly was selling “Founders’” positions for $3,599 and offering memberships at buy-in rates of $500, $1,000 and $2,000. By some accounts, the “program” would pay […]