Tag: U.S. District Judge Graham C. Mullen
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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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DEVELOPING STORY: Zeek Receiver Seeks Temporary Restraining Order ‘Necessary To Prevent Further Dissipation And Waste Of The Assets At Issue’
DEVELOPING STORY: (Updated 9:44 a.m. EDT Sept 3, U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi- and pyramid case has asked a federal judge for a Temporary Restraining Order he says is necessary to prevent “further dissipation and waste” of certain assets. Receiver Kenneth D. Bell asked that the motion be filed under seal.…
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URGENT >> BULLETIN >> MOVING: Court Grants Approval For Zeek Receiver To Sue International Winners
URGENT >> BULLETIN >> MOVING: A U.S. federal judge has approved a motion by the receiver in the Zeek Rewards Ponzi- and pyramid-scheme case to sue alleged “net winners” who live outside the United States. Receiver Kenneth D. Bell sought the authority “to file one or more actions in this Court and in foreign courts…
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BULLETIN: Zeek’s Burks, Wright-Olivares, Olivares Settle With Receiver; Agree To $600 Million Consent Judgment ‘To Be Satisfied With Substantially All Of Their Assets’
BULLETIN: (2nd Update 8:29 p.m. EDT U.S.A.) Three individuals alleged to be key insiders of the Zeek Rewards Ponzi- and pyramid scheme have agreed to a $600 million consent judgment with the court-appointed receiver. Receiver Kenneth D. Bell sued several alleged insiders, including Zeek operator Paul R. Burks, former COO Dawn Wright-Olivares and programmer Daniel…
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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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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…