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 appears to have been sold for $170.
To observe the live bidding today, go here. You’ll proceed to a page at IronHorseAuction.com in which the words “VIEW BIDS” appear on the left side near the top. Click on those words. You’ll then proceed to a page at ProxiBid.com. An “ENTER LIVE AUCTION” button will appear. Click on that, and you’ll be able to see live bids until today’s auction runs its course.
Check here tomorrow (Dec. 17) and follow the procedure outlined above.
Zeek is believed to have created more victims than any other Ponzi scheme in U.S. history. The auction is part of a court-appointed receiver’s efforts to gather money for victim’s of Zeek’s alleged $600 million fraud.
Kenneth D. Bell is the receiver.