Zeek Rewards

EDITOR’S NOTE: The Legisi HYIP scheme was a Ponzi-board “program” that tried to hide underground in 2007/08, even as state and federal investigators were conducting an undercover probe that eventually led to the arrests and subsequent convictions of the purveyor-in-chief and a pitchman for the $72 million fraud. One of the evidence exhibits in the […]

BULLETIN: (10th Update 11:20 p.m. ET U.S.A.) Zeek Rewards receiver Kenneth D. Bell has sued nearly two dozen Australians, alleging they were “winners” in the Zeek Ponzi- and pyramid scheme and that money they received came from victims. Bell previously sued winners in the United States and Canada. One Aussie is alleged to have received […]

EDITOR’S NOTE: In litigation related to Zeek Rewards, a Ponzi-board “program,” court-appointed receiver Kenneth D. Bell has raised a concern that network-marketers may be proceeding from one fraud scheme to another. Bell has asked a federal judge to take “judicial notice” of certain YouTube videos. ** ______________________** UPDATED 10:07 P.M. ET U.S.A. “Unison Wealth” is […]

The “Achieve Community,” a Ponzi-board money-cycling “program” targeted at Christians and positioned by some network marketers as an alternative for people who don’t want to “sell out” to banks and their “tiny little 1% annual return,” would like you to know that Santa Claus and an elf are on the team. By buying one “EXTRA” […]

This just in from Kenneth D. Bell, as published on the receivership website and dated Dec. 19, 2014 (bolding added): ANNOUNCEMENT FROM THE RECEIVER – December 19, 2014 The Receivership will no longer withhold taxes from distributions paid to affiliates. If the Receivership previously withheld taxes from a distribution, we will issue a new check […]

UPDATED 9:15 A.M. ET DEC. 19 U.S.A. If its presence on the Ponzi boards and similarity to the AdSurfDaily Ponzi scheme were not enough, the morass surrounding Zeek Rewards and operator Rex Venture Group may be getting even muddier. A Zeek credit-card vendor being pursued by the court-appointed receiver in the SEC’s 2012 Ponzi- and […]

One of the core signatures of an HYIP scam is highlighted when a “program” is presented as a “Plan B,” typically in the context of creating “multiple income streams” or “in case Plan A fails, you’d better have a “Plan B.” Zeek Rewards A-lister Keith Laggos gushed about Lyoness, his “Plan B” program. Zeek collapsed […]

BULLETIN: (8th Update 10:09 p.m. ET Dec. 18 U.S.A.) Payment vendor for a Ponzi-board “program?” More than two years after the shutdown of Zeek Rewards by the SEC, Plastic Cash International, a credit-card processor and would-be debit-card vendor for Zeek, said it has been “rendered insolvent as a result of the misconduct of [Rex Venture […]

UPDATED 2:12 P.M. ET U.S.A. A competing cycler advertised inside the supposedly private “Achieve Community” forum and promoted on the MoneyMakerGroup forum collapsed at launch yesterday, triggering a classic uproar among willfully blind Ponzi-board scammers. The name of the cycler is Cycles 24/7. The PP Blog learned of the “program” only because Achieve promoter Mike […]

URGENT >> BULLETIN >> MOVING:  (6th update 9:35 p.m. ET U.S.A.) Nicholas Smirnow, still listed by INTERPOL as a person wanted by the United States in the alleged Pathway To Prosperity (P2P) HYIP Ponzi scheme that affected people in 120 countries, has been arrested at Toronto’s Pearson International Airport, Canadian media outlets are reporting. U.S. […]

Meet the man tasked with paying out claims to victims of the alleged TelexFree scam. http://t.co/pzwszb8ky0 pic.twitter.com/7tkqlh8mRD — The Boston Globe (@BostonGlobe) December 16, 2014 The Boston Globe is reporting today that TelexFree bankruptcy trustee Stephen Darr has been told that 60,000 victims of the alleged MLM Ponzi- and pyramid scheme exist in South Africa […]