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Tag: Zeek Rewards

Only 2 Weeks Left To File Zeek Claim; Deadline Is Sept. 5, 2013

As of today, there are only two weeks left to file a claim in the Zeek Rewards Ponzi scheme case. The deadline to file is 11:59 p.m. (prevailing Eastern time) on Sept. 5, 2013. Kenneth D. Bell is the court-appointed receiver in the Zeek case. The Zeek receivership website is here. The claims portal is…

Aug 22, 2013
**[UNCONFIRMED]** Report In Brazil Says Prosecutors Have Asked U.S. Court To Block TelexFree Accounts, New Signups **[UNCONFIRMED]**

**[UNCONFIRMED]** A report in Brazilian media translated by Google Translate from Portuguese to English says that prosecutors in Brazil have asked a U.S. court to prevent new members from joining TelexFree and to block the accounts of TelexFree figures Carlos Wanzeler, James Merrill, Carlos Costa and Lyvia Wanzeler. The PP Blog could not immediately confirm…

Aug 12, 2013
UPDATE: After Claiming It Was Interested In ‘Building A Network That Ticks,’ ‘CashCropCycler’ Appears to Be DOA; ‘NEOMutual’ Also Appears To Have Gone Missing After ‘Crowdfunding’ Claims

Touted on the MoneyMakerGroup Ponzi forum by former Zeek Rewards pitchman “mmgcjm,” a bizarre “program” known as CashCropCycler appears to have tanked. Joining CashCropCycler in the recent HYIP DOA lineup was NEOMutual, a purported “crowdfunding” opportunity that claimed it used bitcoin and a series of offshore payment processors to provide daily interest rates of 1.4…

Aug 11, 2013
Receiver Estimates That $290 Million In Fraudulent Transfers Occurred At Zeek; Clawback Litigation May Begin In Third Quarter; U.S. Domestic And ‘Foreign Winners’ Will Be Pursued; Victims Already Have Filed Claims Seeking $287 Million — With More Expected To Follow Before Sept. 5 Deadline

The court-appointed receiver in the Zeek Rewards Ponzi-scheme case is reporting “significant progress” in securing assets for return to victims and says the estate has gathered approximately $325.1 million since the receivership began in August 2012. As of 5 p.m. on July 29, Zeek victims had filed claims seeking about $287 million. The claims portal…

Jul 31, 2013
Judge Approves Settlements With Zeek Receiver, Says Agreements Are In ‘Best Interests Of The Zeek Victims’

“The Court has reviewed Receiver’s brief and proposed settlement and finds that the proposed settlement is fair and equitable and is in the best interests of the Zeek victims.” — Senior U.S. District Judge Graham C. Mullen, July 26, 2013 UPDATED 9:43 P.M. EDT U.S.A. If you’re from the camp that claims Zeek Rewards victimized…

Jul 26, 2013
From Profitable Sunrise To ‘Guaranteed50kIn30days’: ‘What Would You Do With $50,800? Or Better Yet, What Would You Do With A MILLION $$!’

After the Profitable Sunrise intercontinental affinity-fraud and pyramid-scheme aimed at Christians, Rev. Jon Simmons has cast his net with a 5X5 matrix “program” known as “Guaranteed50kIn30days” and is fishing for a “team,” a source tells the PP Blog. “Turn your $50 [into] a MILLION Dollars!” Simmons trawled. Simmons was a Profitable Sunrise colleague of Nanci…

Jul 24, 2013
URGENT >> BULLETIN >> MOVING: Federal Judge Denies Alleged Zeek Winners’ Motion To Intervene In Case And Dissolve Receivership

URGENT >> BULLETIN >> MOVING: (3RD UPDATE 8:44 P.M. EDT U.S.A.) Senior U.S. District Judge Graham C. Mullen has denied a motion by alleged winners in Zeek Rewards to intervene in the SEC’s Ponzi-scheme case and to dissolve the receivership. In December 2012, alleged Zeek “winners” Trudy Gilmond and Kellie King asked Mullen for permission…

Jul 23, 2013
HourlyRevShare, Another ‘Ken Russo’ Ponzi-Board ‘Program,’ Reportedly DOA

HourlyRevShare, another in a long list of incongruous HYIP Ponzi-board “programs” pushed by serial huckster “Ken Russo” (also known as “DRdave”), reportedly has collapsed after taking a second bite of the Ponzi apple (purportedly as HRS II) after the original iteration collapsed. Other recent “programs” pushed by “Ken Russo” include Zeek Rewards and Profitable Sunrise,…

Jul 22, 2013
REPORTS: TelexFree Blocks Members’ Access To Back Offices, Claims Hacking Attempts

UPDATED 6:23 P.M. EDT (U.S.A.) There are at least three reports in Brazilian media today that say TelexFree has blocked members’ access to their back offices. A company attorney said the blockages were necessary because hackers had attempted an intrusion, according to reports in Portuguese translated to English by Google Translate. Here is a link…

Jul 17, 2013
BIZARRE: ‘Program’ Dubbed ‘CashCropCycler’ Has Ponzi-Board Presence And Zeek Pitchman While Touting Payouts Through PerfectMoney, SolidTrustPay And EgoPay — And Saying It Provides JSSTripler-Like Signup Bonus Of $10

A “program” with the bizarre name of “CashCropCycler” (Triple C) is being pushed on the Ponzi forums, amid claims it issues cashouts through offshore payment processors linked to fraud scheme after fraud scheme and gives enrollees $10 just for signing up. An earlier HYIP scam known as JSSTripler/JustBeenPaid that appears to have morphed into at…

Jul 16, 2013
Full Statement Of SEC On Criminal Conviction, Restitution Order And Civil Liability Of ‘Serial’ HYIP Ponzi Pitchman Matthew J. Gagnon

EDITOR’S NOTE: As the PP Blog reported Wednesday, HYIP Ponzi-scheme pitchman Matthew John Gagnon has been sentenced to five years in federal prison. On Thursday, the SEC released the statement reproduced below. Here’s hoping it will be the shot heard around the HYIP Ponzi World. Still pushing HYIPs on your websites and social-media sites, in…

Jul 12, 2013