UPDATE: See Copy Of Letter From Zeek Receiver To Northern California Federal Court In Advance Of Possible Clawback Actions

By 8:50 pm Dec 8, 2012

Below is a copy of a letter sent by counsel for the court-appointed receiver in the Zeek Ponzi scheme case to U.S. District Court for the Northern District of California. The PP Blog obtained a PDF of the letter from a publicly available source and took a screen shot of the PDF. The redactions were added by the PP Blog to obscure a specific phone number for an attorney and the name of a paralegal and a specific number for her. The Blog redlined the information in an abundance of caution because it could not immediately determine if was intended only for court personnel. The letter is otherwise unchanged.

The letter and accompanying filings set the stage for the receiver to pursue clawback lawsuits against Zeek winners. You’ll note from the letter that the receiver paid a $46 filing fee. The same fee is referenced in filings in other federal districts. As of today, the receiver appears to have filed in 68 districts. That number is an estimate by the PP Blog and is unofficial.

Receiverships act to gather money for distribution to victims of fraud schemes. They come with costs, such as professional fees, filing fees and delivery fees (such as mail fees and courier fees). Such fees are not unusual.

Categories: Alleged Ponzi Schemes, The Economy, Uncategorized
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6 Responses to “UPDATE: See Copy Of Letter From Zeek Receiver To Northern California Federal Court In Advance Of Possible Clawback Actions”

  1. Wizzard7
    Dec 8, 2012 at 9:55 pm |

    Let’s see Craddock explain away this one away. he is losing all credibility with his FCU crew.

  2. bob mercer
    Dec 9, 2012 at 8:53 am |

    Run, run Mr. Craddock but you can’t hide. Nor can the rest of the parasites/profiteers.

  3. Lynndel "Lynn" Edgington
    Dec 9, 2012 at 9:25 pm |

    Get the feeling that Ken Bell is about 10 steps ahead of all the Zeek winners? This is one smart receiver, and the fun is just beginning.

  4. bob mercer
    Dec 10, 2012 at 8:20 am |

    “Lynn” you are so right on the money. As an old retired federal investigator the prey is becoming tired and frightful. I just saw two major profiteers that were once arrogant and self assured, but now the joy is gone and fright and apprehension
    has moved in. Who wants to live with a noose around their neck. Proud of you Judge Mullen and Mr. Bell. Keep up the good work. And yes “Lynn” the fun is just beginning.

  5. Lynndel "Lynn" Edgington
    Dec 10, 2012 at 6:30 pm |

    bob mercer: “Lynn” you are so right on the money.As an old retired federal investigator the prey is becoming tired and frightful. I just saw two major profiteers that were once arrogant and self assured, but now the joy is gone and fright and apprehension
    has moved in.Who wants to live with a noose around their neck.Proud of you Judge Mullen and Mr. Bell.Keep up the good work. And yes “Lynn” the fun is just beginning.

    Bob: If you have a moment, contact me via E-mail at your convenience: eagleresearchassoc@cox.net. Thanks.

  6. K. Chang
    Dec 11, 2012 at 12:27 pm |

    Wizzard7: Let’s see Craddock explain away this one away.he is losing all credibility with his FCU crew.

    The fun part is you never know who’s really talkin on those “calls”. Increasing it’s Kettner, and last couple times some people blamed “bad transcription”.

    When even Faith Sloan pans Craddock and Kettner, you know it’s bad. :D

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