Tag: Trudy Gilmond
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Dawn Wright-Olivares Of Zeek Rewards Sentenced To 7.5 Years In Federal Prison
BULLETIN: Dawn Wright-Olivares, the former COO of Zeek Rewards, has been sentenced to seven and one-half years in federal prison. The sentence was imposed by U.S. District Judge Max O. Cogburn Jr. of the Western District of North Carolina. The office of U.S. Attorney Jill Westmoreland Rose prosecuted Wright-Olivares for investment- and tax-fraud conspiracy. Daniel Olivares,…
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Faith Sloan’s Alleged TelexFree Haul: $710,319
UPDATED 3:32 P.M. EDT U.S.A. Faith Sloan received $710,319 from the TelexFree Ponzi- and pyramid scheme, according to filings by TelexFree bankruptcy Trustee Stephen B. Darr. Sloan, whose address was listed as Virginia Beach, Va., is a longtime Illinois HYIP huckster on Ponzi boards and social media. She and three other TelexFree promoters were charged in…
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URGENT >> BULLETIN >> MOVING: SEC Charges Alleged Zeek Promoter Trudy Gilmond
URGENT >> BULLETIN >> MOVING: (5th Update 9:15 p.m. ET U.S.A.) The SEC has gone to federal court in the Western District of North Carolina and charged Zeek Rewards’ figure Trudy Gilmond with securities fraud, selling unregistered securities and failure to register as a broker-dealer. Among the allegations: Gilmond knew Zeek was under investigation in 2012…
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BULLETIN: Court Orders $2.1 Million Judgment Against Trudy Gilmond, Key Zeek Rewards’ Clawback Defendant
UPDATED 9:35 P.M. EDT U.S.A. Saying that Zeek Rewards’ clawback defendant Trudy Gilmond of Vermont “refused” to appear in North Carolina federal court on May 27 as directed, Senior U.S. District Judge Graham C. Mullen has entered a judgment against Gilmond for $2,129,522.27. Mullen’s ruling is a significant win for Zeek receiver Kenneth D. Bell.…
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BULLETIN: Judge In Zeek Clawback Cases Grants Receiver’s Motion To Certify Class Of 9,400 Alleged Winners; Todd Disner Faces Default; Phil Piccolo May Be Background Player
BULLETIN: (Updated 11:11 p.m. ET U.S.A.) Senior U.S. District Judge Graham C. Mullen has certified a class of more than 9,000 alleged “winners” of more than $1,000 in the Zeek Rewards scheme. Receiver Kenneth D. Bell sued more than 10 named “winners” in February 2014 in a case styled “Kenneth D. Bell v. Todd Disner,…
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URGENT >> BULLETIN >> MOVING: Court Denies Zeek Winners’ Motions To Dismiss Clawback Actions, Upholds Jurisdiction
URGENT >> BULLETIN >> MOVING: (3rd Update 10:03 a.m. ET Dec. 10 U.S.A.) The federal judge presiding over clawback cases against alleged Zeek Rewards “winners” has dismissed jurisdictional challenges and a claim by the winners that Zeek was not selling securities under the Howey Test. The rulings mean that clawback claims seeking millions of dollars…
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URGENT >> BULLETIN >> MOVING: New Filings By SEC Suggest Zeek Probe Began In April 2012 Or Earlier; Agency, Receiver Oppose Motions To Intervene By Possible Clawback Targets
UPDATED 9:46 A.M. ET (JAN. 13, U.S.A.) New court filings by the SEC in the Zeek Ponzi scheme case in the Western District of North Carolina strongly suggest that the Zeek probe was under way at least by April 17, 2012. On that date, according to the filings, an IT specialist for the SEC was…