Tag: Zeekler
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UPDATE: Nicholas Cox, Figure In North Carolina Fraud Scheme Operating Near Ground Zero For Zeek Rewards, Sentenced To Federal Prison
With the alleged $600 million Zeek Rewards Ponzi scheme dominating local headlines in North Carolina’s Piedmont Triad region, including the city of Lexington in Davidson County, an earlier, smaller fraud scheme operating in the region largely fell out of the news. But the Integra Capital Management LLC Ponzi and fraud scheme operated by Nicholas Cox…
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Legisi HYIP Pitchman Matthew John Gagnon Pleads Guilty, Admits He Didn’t Disclose ‘Touting’ Compensation Of More Than $1 Million And Caused More Than $7 Million In Losses
Legisi HYIP Ponzi-scheme pitchman Matthew John Gagnon has pleaded guilty in the Eastern District of Michigan to a criminal charge of not disclosing he’d been paid more than $1 million by Legisi and its operator Gregory N. McKnight to tout the “program” online. In a plea agreement now public after being fashioned in October and…
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URGENT >> BULLETIN >> MOVING: Federal Judge Denies Motion To Appoint ‘Examiner’ In Zeek Ponzi Case; Court Rejects Contention By Alleged Zeek ‘Winners’
URGENT >> BULLETIN >> MOVING: Senior U.S. District Judge Graham C. Mullen has denied a motion by Zeek Rewards affiliates aligned with Robert Craddock to appoint an “examiner.” Craddock’s Fun Club USA and Zeek members and alleged “winners” David Sorrells, David Kettner and Mary Kettner asked for their attorney — Michael Quilling of Dallas —…
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Judge Orders More Than $22.8 Million In Penalties, Restitution For Trader’s International Return Network (TIRN); ‘Program’ Was Pitched On Ponzi Boards
David Merrick, the operator of Trader’s International Return Network (TIRN) fraud scheme, already is serving a TIRN-related, 97-month prison sentence for conspiracy to commit wire fraud, money laundering, and securities fraud, plus one count of money laundering. And now a federal judge has imposed addition sanctions, ordering Merrick and TIRN — a presence on Ponzi…
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FOR ZEEKERS: Receiver Shows Judge Preliminary Mock-Up Of Online Claims Form; Kenneth D. Bell Says He’ll Seek Court Approval For Claims Process By End Of First Quarter
Kenneth D. Bell, the court-appointed receiver in the Zeek Rewards Ponzi-scheme case, has proposed a process by which claims would be filed online. Filers would proceed through a series of screens to enter information and would be permitted to upload information to substantiate their claims. The proposed filing process — still in preliminary form —…
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BULLETIN: Receiver Says $12 Million In Zeek Money Located ‘In An Eastern European Country’ — But Has Not Been Returned
BULLETIN: (2ND UPDATE 8:47 P.M. ET U.S.A.) The court-appointed receiver in the Zeek Rewards Ponzi-scheme case says he has located $12 million in receivership assets held in an unspecified “eastern European country” — but the funds have not been returned. “This account is owned and was used by a payment processor outside the United States…