Zeekrewards former chief operating officer and former senior. Obtain brand newbrand name items for pennies on the dollar while sharing in the companys enormous profits. As previously announced, united states district judge graham mullen issued an order approving the sale of the vast majority of the judgments entered against netwinners in the netwinner class action case. Apr 20, 2020 the court considered their cooperation with the government in the successful prosecution of paul burks in handing down the sentences. The sec is on your side even though it does not seem like it. You may also contact the receivership using the contact information listed below. Zeek rewards lexington, north carolina professional. Jun 06, 2012 a tutorial for the popular zeekrewards calculator program find out more about this program at on sale today for 3 days for j. Zeek rewards receiver files clawbacks against principals, net.
Zeek rewards receivers message to netwinners regarding. The amount of net winnings received by each net winner class member shall be calculated in the same manner as the final judgments entered against the named net winners in this action. We the sec are not able to find a victim in this case. Dawn olivares, operations officer for zeek rewards, pleads. Penny auctions like zeek rewards rated top scam by bbb first of all i am not a fan of the better business bureau from any perspective. The status check link allows you to log in to a webpage using the registration id and password you selected when you registered on the claims portal. Refer to the summary section for a breakdown of your total rewards and the program section for offer details and terms and conditions.
Zeek rewards dawn wright olivares and daniel olivares in. Compound interest calculator with monthly contributions search trends. Covid19 monitor the covid19 conversation as it unfolds explore covid19 articles. Zeek rewards receivers message to netwinners regarding settlement opportunity. One such offender, called zeekrewards, started by a county music dj and nursing home magician named paul burks, promised investment returns of 1. Well the responses in reference to my zeek rewards post have been flooding in via facebook and the emails too. How to get refund from sec andzeekrewards receiver. This website will be the main method of communicating with customers and the public. In the meantime one can stay uptodate by visiting the site below. Zeek rewards has been in business for the past two years, their parent company has been around for 14 years.
On february, 2017, paul burks will be sentenced in united states district court for the western district of north carolina for his role in the zeekrewards ponzi. Aug 18, 2012 what that means is zeek rewards has voluntarily closed their doors for the time being. To protect those involved with and, they stepped in when they saw that rex venture group did not have the funds to pay out what its. Zeek rewards was paying existing members ponzi returns made up of 98%. However, if you are considering zeek rewards or any of the other penny auction programs that seems to be popping up, do your research. Clawback amount process for zeek rewards netwinners approved feb. Money invested in zeek rewards earned returns of 1.
Zeek rewards responses online wealth partner the blog. Zeekrewards rewards calculator spreadsheet program. Click here to view the zeek rewards receivership website on august 17, 2012, the securities and exchange commission sec filed a complaint in united states district court, western district of north carolina, charlotte division, against rex venture group, llc rex venture dba zeekrewards, and paul r. Zeekrewards rewards calculator spreadsheet program tutorial. To stay uptodate about zeek rewards and rex venture group join the notification list here. Although we are not giving away free samples in addwallet, we. The sec acknowledged that there are a couple of problems with the case against zeek rewards and rex venture group. He was a former county music disc jockey and performed as a.
Aug 20, 2012 those who thought their financial dreams had come true through zeek rewards are probably wishing theyd kept their cash in the stock exchange or bank. Zeek rewards was and still is a very popular business that many people have both criticized and praised. The attorney overseeing the effort to retrieve money for zeek rewards pyramid scheme victims will file a request next month with a federal court to begin distributing payments next year. Zeekler was an international penny auction website that offered users the ability to win merchandise by placing onecent bids. Investors were encouraged to let their gains compound and to recruit new members into a forced matrix to increase their returns. Former zeekrewards ceo is convicted of federal charges for. A tutorial for the popular zeekrewards calculator program find out more about this program at on sale today for 3 days for j. Gallery high quality photo of formula calculate loan calculate loan rate will still be popular in 2016 i loved this image of loan rate savings beautiful photography of rate savings excel at work here perfect photos of savings excel payment taken last month. Amortization compounded calculate deposits formula. There is a thin line between legit or non legit, between substainable business or a main failure. There was a significant delay in the sale that occurred due to an. We the sec are having a hard time finding a security.
I know the companys demise resulted in a lot of frustration, anger and pain. Former zeek coo dawn wrightolivares is listed as inmate 29336058 at fmc carswell in fort worth, texas. Find out more about compound interest calculator with. Zeek rewards update on how to get your money back youtube.
This is likely going to be our last post email blast regarding zeek rewards. The decision concludes a 4 year long investigation and conviction process that began. The best strategy is to fix bid repurchase preference at 2080 once after you reach at the reasonable number of vip points that may be around 300. We are not able to find anybody at this time that has been harmed by zeek rewards. Clawback amount process for zeek rewards netwinners approved. Hello and thank you for entrusting me to answer your question.
Feds had received complaints about zeekrewards, waited months to shut down ponzi scheme. Since i was appointed receiver of rex venture group, llc dba zeek i have tried to make clear to those who profited from zeek that i intend to pursue claims against netwinners regardless of amount to recover their winnings which came at the expense of zeek. Sep 14, 2012 we believe that zeeklerzeek rewards has given us the leadership and the freedom to support our families, the petition reads. Zeekler and zeek rewards updated 21520 email me if you have any questions. Need a tax expert for this what about zeek rewards. The copy of dawns guilty plea is signed below hat tip to don ryan over at asd updates for. At that point the majority of affiliates had lost money, so it only. So yesterday i wrote a post on how i was disgusted by the vultures in mlm who were preying upon the victims of zeek rewards, view here.
The ratio of cash rewards is 2% which is not fixed of the vip points. Paul burks ran zeek rewards, an investment opportunity that promised investors returns by sharing in the profits of zeekler, a penny auction website. Zeek receiver kenneth bell has filed on 29 december a federal lawsuit entitled bell v. Most of zeekrewards total revenues and the net profits paid to investors have been comprised of funds received from new investors in. See the complete profile on linkedin and discover zeek s connections. We are groups of rex venturezeekrewards harmed investors. Aug 10, 2012 zeek rewards is the marketing arm of an online penny auction company called zeekler. Securities and exchange commission 100 f street, n. Ive talked with people that literally lost their entire. Zeek rewards responses online wealth partner the blog of. The landing spots for two key zeek rewards figures now are known. Burks coconspirators, dawn wright olivares, zeek s chief operating officer, and her stepson and zeek s senior technology officer, daniel c. D awn olivares, operations officer at zeek rewards, pled guilty today to two counts of criminal charges for her involvement with the ponzi scheme.
Mlm lawsuits, multilevel marketing, zeek rewards former zeekrewards ceo paul burks was convicted today of running a massive ponzi scheme that at one point included over 1 million investors. It was sitting down at my desk, turning on my calculator and grabbing a pen and paper. Zeek rewards was on the verge of collapse when the sec shut it down enough money left to run for 11. I wanted to take a moment to share with you some of the responses and to protect the identity of those in. Petition submit from harmed investors of rex venture groupzeekrewards. Qualified means the affiliate is current in their silver, gold or diamond monthly subscription and that they have purchased at least 10 vip bids. Heres the website for updates on the status of zeekreward funds. So yesterday i wrote a post on how i was disgusted by the vultures in mlm who were preying upon the victims of zeek rewards, view here well the responses in reference to my zeek rewards post have been flooding in via facebook and the emails too. The securities and exchange commission shut down zeek rewards and parent company rex venture group, determining that its principal, paul r. Class action lawsuit zeek rewards as a general rule, class action lawsuits involve a large group of people in some capacity. Dawn wright olivares also pleaded guilty to tax fraud conspiracy. Following chart shows you the ratio of cash rewards after 60 days as a silver affiliate, just to give you an estimate. Zeek rewards receiver sues 22 australian leaders direct.
Facebook of zeek rewards has 2260 likes but dont be fooled. Zeek rewards and shut down for alleged ponzi scheme. It seems zeek has done a very good job with search engine optimization i. This is the mcdonalds hamburger scenario which is as applicable to addwallet as it was to zeek rewards regarding just what you are purchasing, advertising. Zeek rewards victims have been compensated up to 75% of their losses from stolen ponzi funds seized by the authorities and recovered by the receiver.
Oct 31, 20 the attorney overseeing the effort to retrieve money for zeek rewards pyramid scheme victims will file a request next month with a federal court to begin distributing payments next year. Zeekler is owned by the rex venture group llc, a company that claims to have been in business for years. Sep, 2016 according to court records, dawn wright olivares was closely involved in the strategic operations and ultimately served as the chief operations officer of zeek. Zeek rewards, 12cv00519 asdupdates files website 2. Those who thought their financial dreams had come true through zeek rewards are probably wishing theyd kept their cash in the stock exchange or bank. More information and news should be available soon.
Zeek rewards compensation plan zeek rewards has a retail profit pool and shares up to 50% of the daily net profits with its qualified affiliates. Zeekler is a penny auction with zeekrewards the affiliate program. Securities and exchange commission filed a complaint in u. Zeekrewards refunds zeekler refunds what to do now. We strongly encourage interested persons to check the website frequently because it is revised as new information is obtained. This has affected a lot of people worldwide that was in zeek rewards and participating in zeekler the penny auctions, but in reality it is what it is. It has been a little over a year since the company was shut down by the sec. Audience overlap similar sites that share the same visitors and search keywords with this site. District court for the western district of north carolina on aug. Zeek rewards is the affiliate offshoot of its parent company zeekler. I appeared before the court and argued on behalf of the victims of these crimes, and presented to the court letters from victims describing the impact that zeek rewards had on their lives. The sec broke the story this morning in an article titled sec charges woman and stepson for involvement in zeekrewards ponzi and pyramid scheme. A veteran of the multilevel marketing business is going on trial on federal charges related to what.
Olivares, pleaded guilty in december 20 to investment fraud conspiracy. In this chart we supposed the initial vip points are 150 this example is very initial your business will grow more with the pessage of time, and after two or three months your vip points may come near to. As written in the order granting the proposed process, heres how the amount zeek rewards netwinners will have to return to their victims will be calculated. We knew you have filed a lawsuit to allege rex venture groupzeekrewards for their ponzi scheme conduct and you requested the court to freeze the defendants asset and a fine of usd 4 million. If youre on the fence about which rewards credit card is right for you, use our rewards calculator to compare multiple credit cards sidebyside. Paul burks founder rex venture group tells zeek story in his own words duration. Analysis of zeek rewards model mlm compensation expert, len clements, provides a very thorough analysis of zeeks compounding problems.
Get traffic statistics, seo keyword opportunities, audience insights, and competitive analytics for zeekrewards. Zeek rewards was the investment arm of the operation, offering users the ability to share in up to 50% of daily profits by completing a daily set of tasks that included soliciting new customers. Mar 30, 20 feds had received complaints about zeekrewards, waited months to shut down ponzi scheme. The facility is a federal medical center for female offenders and has an adjacent minimum security satellite camp, according to the federal bureau of prisons website. A collective class, even bound together over the issue of a faulty product, suing a defendant, or a group of defendants, multiple negligent companies, for. Determine the rewards you qualify for by entering your planned acres for basf products into the calculator. Aug 18, 2012 zeek rewards was the investment arm of the operation, offering users the ability to share in up to 50% of daily profits by completing a daily set of tasks that included soliciting new customers. Apr 22, 2012 need a tax expert for this what about zeek rewards. Download dawn wright olivares and daniel olivares bill of information. View zeek rewards profile on linkedin, the worlds largest professional community.
Find out more about compound interest calculator with monthly. Burks and associates, conducted a fraudulent ponzi scheme. What that means is zeek rewards has voluntarily closed their doors for the time being. We believe that zeekler zeek rewards has given us the leadership and the freedom to support our families, the petition reads. Dawn wright olivares also owned 95% of wandering phoenix, llc, a company that she used, among other things, to receive payments from zeek and rvg. Simply input your monthly spending profile, to compare and discover which card will give you the best rewards based on your personal spending habits.
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