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 $283 million through “fraudulent transfers,” receiver Kenneth D. Bell said in a quarterly report to the court dated yesterday.
North Carolina-based Zeek’s international winners also are on the hook to return ill-gotten gains through clawbacks, Bell said.
The report is styled “Quarterly Status Report – Q3 2013.” It is available at the receiver’s website.