Tag: Zeek Rewards
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PAYZA TO ZEEK RECEIVER: Don’t Blame Us
Payza, an HYIP-friendly payment processor that recently bragged on Twitter about its attendance at an event for the teetering TrafficMonsoon scheme, has advised a federal judge that it is not responsible for millions of dollars that allegedly went missing in the Zeek Rewards’ scheme taken down by the SEC in 2012. Zeek receiver Kenneth D. Bell…
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Alleged Zeek ‘Winner’ Repeatedly Invokes Fifth Amendment In Clawback Case
UPDATED 3:07 P.M. EDT U.S.A. Darren Miller, an alleged winner of more than $1.635 million in Zeek Rewards and one of the lead defendants in a civil class-action clawback lawsuit filed by Zeek receiver Kenneth D. Bell, repeatedly has invoked his Fifth Amendment right not to incriminate himself, according to new court filings by Miller. In…
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URGENT >> BULLETIN >> MOVING: TelexFree Trustee Sues MLM Attorney Gerald Nehra
URGENT >> BULLETIN >> MOVING: (6th Update 8 p.m. EDT U.S.A.) TelexFree Trustee Stephen B. Darr has sued MLM attorney Gerald Nehra and the Nehra and Waak law firm, alleging they were “actively involved” in promoting TelexFree’s Ponzi scheme and “duping” participants. Nehra and the firm have asked for more time to respond to the April 1 complaint,…
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Payza Reports Web Outage
Payza, an HYIP-friendly payment processor currently under fire from the receiver in the Zeek Rewards Ponzi- and pyramid-scheme case, is reporting on Twitter that it is experiencing a web outage. At the time of this PP Blog post, the outage appears to be more than four hours old. A post with no timestamp at the Payza…
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RECEIVER: (1) Zeek Defendant Class Action May Conclude This Year; (2) Some Claimants Still Haven’t Signed Required Release; (3) $10 Million Settlement With NewBridge Bank
Three significant pieces of news from Kenneth D. Bell, the receiver in the Zeek Rewards’ Ponzi- and pyramid-scheme case: In a March 28 announcement on the receivership website, Bell wrote that a defendant class-action lawsuit against more than 9,000 alleged Zeek winners in the United States may conclude this year. “We hope to bring to…
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URGENT >> BULLETIN >> MOVING: Zeek Vendor Pleads Guilty To Obstructing Probe
URGENT >> BULLETIN >> MOVING: (12th Update 2:57 p.m. EDT U.S.A.) In what may be a warning shot fired across the bow of payment vendors who hope to profit from Ponzi schemes, Zeek Rewards’ vendor Jaymes Meyer of Preferred Merchants Solutions LLC has pleaded guilty to a criminal charge of obstructing investigators in the Zeek Ponzi-…
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BULLETIN: Darryle Douglas, Alleged Zeek Insider, Arrested
BULLETIN: (4th update 9:11 p.m. ET U.S.A.) Alleged Zeek Rewards’ insider Darryle Douglas has been arrested in Riverside, Calif. Court filings docketed March 7 in the SEC’s civil case against Zeek say Douglas, whose age was not listed, was arrested March 2 by the U.S. Marshals Service. On Dec. 10, 2015, Senior U.S. District Judge Graham C.…