Tag: Kenneth D. Bell
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URGENT >> BULLETIN >> MOVING: Judge Approves Filing Of Lawsuits Against Alleged Zeek Insiders, Winners
URGENT >> BULLETIN >> MOVING: (2nd update 3:21 p.m.) Senior U.S. District Judge Graham C. Mullen of the Western District of North Carolina has issued an order authorizing the court-appointed receiver to file lawsuits against alleged Zeek insiders and winners. Receiver Kenneth D. Bell asked for the order last week. He is expected to file…
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Watch Bidding Action In The Zeek Auction LIVE!
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…
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If The Good Lord’s Willing And The Creek Don’t Rise, Be At The Zeek Rewards Auction On Dec. 16 And 17
UPDATED 7:42 P.M. ET (U.S.A.) Not only is the court-appointed receiver in the Zeek Rewards Ponzi-scheme case selling Zeek’s old headquarters (with attached coin-operated laundry) in Lexington, N.C., he’s also selling a hefty collection of country-music memorabilia and other entertainment keepsakes. Among them is a “Saturday Night Live Script featuring Johnny Cash and musical guest…
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BULLETIN: ‘First Clawback Claims Are Now Imminent,’ Zeek Receiver Says
BULLETIN: The court-appointed receiver in the Zeek Rewards MLM Ponzi scheme case says in new court filings that clawback claims against alleged net winners “are now imminent, and a lawsuit against multiple named defendants along with a class of net winners will be filed during the fourth quarter of 2013.” Zeek winners received an estimated…
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Zeek Claims-Filing Deadline Is Thursday, Sept. 5, 2013; Only 2 Days Left
The deadline for filing claims in the Zeek Rewards Ponzi-scheme case is 11:59 p.m. prevailing Eastern time on Thursday, Sept. 5, 2013. That’s only two days from today. A “File a Claim” button is accessible on the website of the court-appointed receiver. The receiver is Kenneth D. Bell. The Garden City Group is the authorized…
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Only 2 Weeks Left To File Zeek Claim; Deadline Is Sept. 5, 2013
As of today, there are only two weeks left to file a claim in the Zeek Rewards Ponzi scheme case. The deadline to file is 11:59 p.m. (prevailing Eastern time) on Sept. 5, 2013. Kenneth D. Bell is the court-appointed receiver in the Zeek case. The Zeek receivership website is here. The claims portal is…
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Receiver Estimates That $290 Million In Fraudulent Transfers Occurred At Zeek; Clawback Litigation May Begin In Third Quarter; U.S. Domestic And ‘Foreign Winners’ Will Be Pursued; Victims Already Have Filed Claims Seeking $287 Million — With More Expected To Follow Before Sept. 5 Deadline
The court-appointed receiver in the Zeek Rewards Ponzi-scheme case is reporting “significant progress” in securing assets for return to victims and says the estate has gathered approximately $325.1 million since the receivership began in August 2012. As of 5 p.m. on July 29, Zeek victims had filed claims seeking about $287 million. The claims portal…