Rex Venture Group

PP Blog Tag archives on references to "Rex Venture Group."

EDITORIAL: On The War In Zeekland And HYIP Rabbit Holes

EDITOR’S NOTE: On Feb. 5, 2014, Zeek figures and alleged insiders Dawn Wright-Olivares and Daniel Olivares pleaded guilty to federal crimes. Wright-Olivares pleaded guilty to investment-fraud conspiracy and tax-fraud conspiracy. Olivares pleaded guilty to investment-fraud conspiracy. Federal prosecutors in the Western District of North Carolina are maintaining an information site here. Kenneth D. Bell, the […]

ZEEK RECEIVER: ‘Multilayered Investigation Into [Rex Venture Group] And Its Insiders, Advisors, And Financial Institutions’ Continues

The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case says his “multitilayered investigation into [Zeek operator Rex Venture Group] and its insiders, advisors, and financial institutions” continues. Receiver Kenneth D. Bell has been at the helm since the epic collapse of the Zeek MLM HYIP scheme in August 2012. The SEC initially filed […]

URGENT >> BULLETIN >> MOVING: Zeek Receiver Sues Alleged Insiders, Winners; Emails, Skype Chats Helped Expose Fraud; ‘We’ve Already Attracted A Great Many Big Fishes,’ Wright-Olivares ‘Excitedly’ Told Paul Burks Early In Scheme, Kenneth D. Bell Alleges

URGENT >> BULLETIN >> MOVING: (8th Update 2:40 p.m. ET March 4, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid-scheme case has sued alleged insiders and net winners, including members of the 2008 AdSurfDaily Ponzi scheme. Parts of the complaint read like a re-living of the ASD scheme, with Zeek Receiver Kenneth […]

DEVELOPING STORY: Zeek Winners Begin To Receive Subpoenas

The PP Blog has received a report that some members of Zeek have received subpoenas issued by the court-appointed receiver in the Zeek Rewards Ponzi scheme case. The SEC alleged in August that Zeek was a $600 million Ponzi and pyramid scheme operated by Paul R. Burks and Rex Venture Group LLC. Receiver Kenneth B. […]

EDITORIAL: Karl Wallenda Wouldn’t Do Zeek

In this editorial: Our assertion: Were he alive today and desperately needed cash, famed daredevil Karl Wallenda would find Zeek’s tightropes too dangerous to walk. Purported MLM “expert” sent to woodshed: Zeek “consultant” and former SEC defendant Keith Laggos reportedly gets the Zeek boot after using phrases associated with the investment trade and after suggesting […]

Zeek MLM Chief Keen On Ron Paul For President; Paul Burks Has Ponied Up $2,500; Meanwhile, Zeek Members Say They’re Not Getting Paid For Auction Winnings

UPDATED 12:27 P.M. EDT (JUNE 12, U.S.A.) Paul R. Burks, the chief executive officer of Rex Venture Group LLC, has made four contributions to the GOP Presidential campaign of Rep. Ron Paul since July 2011, Federal Election Commission records show. Rex Venture is the purported parent company of Zeek Rewards, a North Carolina-based MLM program […]

EDITORIAL: A Friday Evening In MLM Radio La-La Land

EDITOR’S NOTE: Our theory about Zeek Rewards is that it’s a slow-motion, pyramid-style Ponzi scheme being driven by any number of clueless affiliates who do not understand they are being influenced by steroidal puppeteers and MLM’s Great Wing of Willfully Blind Hucksters, Religious Frauds and Disingenuous Opportunists, PR Amateurs, Government Agitators and Unindicted Felons and […]

ZEEK: Now, A Problem With ‘Mislabeled’ Purchases, MLM ‘Opportunity’ Married To Penny-Auction Site Says

After wrapping itself in the American flag on Memorial Day and authoring a vague announcement that it “will be closing our old accounts” at two named U.S. banks and transitioning to an unnamed bank “that can handle our growing needs,” the Zeek Rewards MLM “program” now says it experienced a problem with “mislabeled” credit-card purchases. […]

EDITORIAL: Stepfords At The Gate: Zeek Trots Out ‘Social Security’ Argument In Preemptive Pyramid Scheme Denial; MLM ‘Program’ Married To Penny-Auction Site Makes Its Bizarre Case With Exclamation Points

UPDATED 11:12 A.M. EDT (U.S.A.) After the U.S. Secret Service seized tens of millions of dollars in the AdSurfDaily Ponzi case in 2008, some of ASD’s Stepfordian members advanced the bizarre theory that ASD should have been left untouched because Social Security — a U.S. government program — is a Ponzi scheme. The argument, which […]