Tag: Zeekler
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2 Attorneys Have Filed Court Notices For Robert Craddock’s Fun Club USA ‘And Other Entities Whose Assets Were Seized,’ According To Zeek Docket
UPDATED 7:58 P.M. EDT (U.S.A.) The mystery of precisely who would represent Zeek Rewards figure Robert Craddock in a bid to intervene in the Zeek Ponzi scheme case may be over. Attorney Rodney E. Alexander of Charlotte has filed an appearance notice for Fun Club USA Inc., Craddock’s Florida business that raised funds for a…
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ZEEK UPDATE: Thousands Of Records Filed Under Seal
UPDATED 4:20 P.M. EDT (U.S.A.) Attorneys for accused Ponzi schemer Paul R. Burks of the Zeek Rewards MLM “program” operated through North Carolina-based Rex Venture Group LLC have filed thousands of records under seal. On Sept. 17, Burks’ attorneys sought the approval of Senior U.S. District Judge Graham C. Mullen to file the documents under…
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William J. Wise, International ‘Mastermind’ Of $129.5 Million Ponzi Fraud Involving CDs, Pleads Guilty To 18 Felonies; Top U.S. Attorney Says Federal Prosecutors ‘Around The Country’ Have Identified ‘Unprecedented Rise’ In Investment Fraud Schemes With ‘Staggering Losses’
“The fraudsters prey upon vulnerable victims, do not respect local or even state boundaries, and often loot the victims’ life savings.” — Melinda Haag, U.S. Attorney for the Northern District of California, Sept. 13, 2012 It featured confidence-boosting names: Millennium Bank, United Trust of Switzerland and Sterling Bank and Trust. But it was a cross-border…
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DEVELOPING STORY: Zeek Receiver Says He Has Secured Nearly $300 Million; ‘There May Be Tens Of Millions Of Dollars More Of Recoverable Assets’; Clawbacks May Be In The Offing As Receiver Raises Specter Of Claimants Circulating ‘False Information’
Kenneth D. Bell, the court-appointed receiver in the Zeek Rewards Ponzi scheme case, said in a statement today that he had recovered nearly $300 million and that “[t]here may be tens of millions of dollars more of recoverable assets.” On Aug. 17, the SEC described Zeek as a $600 million Ponzi- and pyramid scheme that…
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Wealth4AllTeam, ‘Program’ Pushed By Zeek ‘I Got Paid’ Cheerleader ‘Ken Russo,’ Appears To Have Suspended Operations
There are Ponzi-forum reports today that “Wealth4AllTeam” has suspended operations. Wealth4AllTeam was a “program” pushed by legendary Ponzi-forum huckster “Ken Russo,” also known as “DRdave.” “Ken Russo” regularly made “I Got Paid” posts for Zeek Rewards on the TalkGold Ponzi forum. He also led cheers for Club Asteria, a “program” that encountered trouble from CONSOB,…
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UPDATE: NX Systems Inc. Says It Has More Than $14.4 Million In Frozen Zeek Account
Oregon-based NX Systems Inc. has advised a federal judge that Rex Venture Group LLC, the North Carolina-based parent company of Zeek Rewards, had more than $14.4 million in an account frozen on Aug. 17. On that date, the SEC accused Zeek of being a $600 million Ponzi- and pyramid scheme that had affected more than…