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Tag: Zeek

Zeek Operator Paul R. Burks Was Cooperating With SEC Prior To Date Of Ponzi Complaint, New Filing Suggests

Paul R. Burks, the operator of Zeek Rewards, was cooperating with the SEC prior to the filing of the Aug. 17 complaint that alleged Zeek was a $600 million Ponzi scheme and pyramid fraud, a new court filing suggests. That “period of cooperation” resulted in the production of “hundreds of thousands of documents, including financial…

Aug 30, 2012
BULLETIN: CFTC Says California Man At Helm Of Ponzi Scheme Targeted At Deaf Christians; Marc Perlman Charged With Fraud Amid Claim He Advised Investor To Sell House Quickly And Plow Proceeds Into Forex Scheme

BULLETIN: The CFTC has gone to federal court in the Southern District of New York, alleging that Marc Perlman of Rancho Cucamonga, Calif., and his firm, iGlobal Strategic Management LLC, were running a commodity-pool and Forex Ponzi scheme targeted at deaf Christians. Perlman and the company have been charged with fraud. The CFTC said the…

Aug 29, 2012
ALERT >> ALERT >> ALERT: Judge Dismisses Lawsuit Filed Against United States By AdSurfDaily Figures Todd Disner And Dwight Owen Schweitzer, Later To Become Zeek Promoters

BULLETIN: A federal judge has dismissed the November 2011 lawsuit against the United States by AdSurfDaily figures Todd Disner and Dwight Owen Schweitzer. The dismissal of the lawsuit by U.S. District Judge Rosemary Collyer came on the same day she sentenced confessed ASD Ponzi scheme operator Andy Bowdoin to 78 months in federal prison. After…

Aug 29, 2012
URGENT >> BULLETIN >> MOVING: AdSurfDaily Ponzi Schemer Andy Bowdoin Sentenced To 78 Months In Federal Prison — Maximum Under Plea Agreement

URGENT >> BULLETIN >> MOVING: (UPDATED 5:20 P.M ON SEPT 4.) AdSurfDaily President Andy Bowdoin has been sentenced to the maximum term in federal prison under his plea agreement: 78 months. The sentence was handed down minutes ago by U.S. District Judge Rosemary Collyer of the District of Columbia. ASD was a $119 million Ponzi…

Aug 29, 2012
As Zeek Apologists Solicit Funds And Plant Seed They’ll Sue SEC, Guest Columnist Asks, ‘Whose Lawyer Is This Anyway?’

DISCLOSURE: Gregg Evans, a longtime member of the antiscam community, is a longtime PP Blog contributor. He was not compensated for this column, and his views are not necessarily the views of the PP Blog. Whose Lawyer Is This Anyway? By Gregg Evans A group of Zeek Rewards’ affiliates claim they have retained SNR Denton…

Aug 29, 2012
URGENT >> BULLETIN >> MOVING: Charles Schwab Accounts Holding Nearly $18.6 Million In Name Of Accused Zeek Operator Paul Ray Burks Or Rex Venture Group Have Been Frozen

URGENT >> BULLETIN >> MOVING: (UPDATED 12:16 P.M. EDT (U.S.A.) The office of the corporate counsel for Charles Schwab in San Francisco has informed a federal judge that it is holding almost $18.6 million in two accounts linked to the alleged Zeek Rewards’ Ponzi scheme. One of the accounts is in the name of Rex…

Aug 28, 2012
UPDATE: ASD’s Andy Bowdoin Asks Judge For Mercy; Requests Sentence Of ‘Time Served’ And ‘Home Incarceration’ In Ponzi Scheme That Gathered At Least $119 Million And Caused Millions Of Dollars In Losses

UPDATED 2:32 P.M. EDT (U.S.A.) Confessed Ponzi schemer Andy Bowdoin of AdSurfDaily has asked U.S. District Judge Rosemary Collyer for mercy and for a sentence of “time served” and “home incarceration.” Federal prosecutors have asked Collyer to sentence Bowdoin to 78 months, the maximum sentence under a plea agreement Bowdoin signed in May. Bowdoin, 77,…

Aug 26, 2012
URGENT >> BULLETIN >> MOVING: Prosecutors Ask Judge To Approve Order That Would Reopen Remissions In AdSurfDaily Ponzi Case

URGENT >> BULLETIN >> MOVING: Federal prosecutors have asked U.S. District Judge Rosemary Collyer for an order that would reopen the remissions process in the AdSurfDaily Ponzi case, potentially giving victims who missed the January 2011 filing deadline a chance to gain a pro rata share of the balance of seized assets. The U.S. Secret…

Aug 24, 2012
As Zeek-Related Fundraising Efforts Begin, ‘Andy’s Fundraising Army’ Down For The Final Count: AdSurfDaily Patriarch Andy Bowdoin Awaits Sentencing In Pre-Zeek, 1-Percent-A-Day Ponzi Scheme Case

UPDATED 11:31 P.M. EDT (AUG. 26, U.S.A.) After the collapse of AdSurfDaily in 2008, there were at least four efforts to raise funds to “defend” the Ponzi enterprise and/or its participants. The PP Blog has received reports that at least one such effort is under way in the aftermath of the collapse last week of…

Aug 24, 2012
DEVELOPING STORY: JSS Tripler/JustBeenPaid HYIP Ponzi Scheme Appears To Be Morphing Into Autosurf Ponzi Scheme; Cheerleaders Try To Tame The Troops On Ponzi Boards Amid Reports That Frederick Mann Has ‘Retired’

Just days ago Frederick Mann — the purported operator of the JSS Tripler/JustBeenPaid “program” — was hinting that his fraud scheme that advertised a return of 60 percent a month needed a new name because critics were being entirely too negative. Like the now defunct Zeek Rewards “program,” which last week was described by the…

Aug 22, 2012
BULLETIN: Zeek Receiver Establishes Website: ZeekRewardsReceivership.com

“On August 17, 2012, Judge Graham C. Mullen of the U.S. District Court for the Western District of North Carolina, Charlotte Division, entered an order appointing Kenneth D. Bell of McGuireWoods LLP as temporary receiver of ZeekRewards for the purposes of marshaling and preserving all assets of ZeekRewards and those assets (a) held or possessed…

Aug 21, 2012