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Zeekrewards - Zeekrewards.com
HerculesUnchaine...
post Jan 28 2014, 01:21 PM
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baylee
post Feb 1 2014, 07:45 PM
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QUOTE (HerculesUnchained @ Jan 28 2014, 05:21 PM) *
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I see, The receiver must not be treating you very nicely!


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Lynndel
post Mar 3 2014, 02:47 PM
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The cases of Daniel Oivares and Dawn Wright-Olivares have been closed. They were closed on 2/28/14.

Daniel Olivares is liable for a disgorgement of $3,152,556.20 and prejudgment interest of $120,378.38 for a total $3,272,954.38.

Dawn Wright-Olivares is liable for a disgorgement of $7,846,900.95 and prejudgment interest of $337,163.99 for a total of $8,184,064.94.

Now we wait to see who's next.


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Lynndel
post Mar 3 2014, 05:36 PM
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And the hits just keep on coming. The Receiver announced 2 actions on Friday. The information is on the Receiver's website, but here are the links to the latest actions:

This is the complaint against the insiders:

http://www.zeekrewardsreceivership.com/pdf...st_Insiders.pdf


This is the complaint against the net winners:

http://www.zeekrewardsreceivership.com/pdf...n_Complaint.pdf

Both actions describe in detail the ZeekRewards Ponzi and pyramid scheme and how it was operated from January 2011 to August 2012. In the scheme, over 700,000 participants lost over $700 million dollars. The first action, Kenneth D. Bell v. Paul Burks, Dawn Wright-Olivares, Daniel Olivares, the estate of Roger Plyler, Alexandre de Brantes and Darryle Douglas, Civil Action No. 3:14-cv-89 asserts claims for breach of fiduciary duty, unjust enrichment, the return of fraudulent transfers and other claims against six of the scheme’s insiders. It asks the Court to order the defendants to repay the losses caused by their unlawful conduct and return the money RVG paid them.

The second action, Kenneth D. Bell v. Todd Disner, et al., Civil Action No. 3:14-cv-91, makes claims against more than 10 of ZeekRewards’ largest “net winners” in the United States asking that the Court order them to repay the net winnings they received from the scheme. Each of the named defendants won in excess of $900,000 (either individually or together with another family member or through their shell corporation). As described in detail in the lawsuit, because ZeekRewards’ net winners “won” (the victims’) money in an unlawful Ponzi and pyramid scheme, they are not permitted to keep their winnings and must return the fraudulently transferred winnings back to the Receiver for distribution to Zeek’s victims.

This second action also includes class action claims against approximately 9,000 ZeekRewards net winners in the United States who each won more than $1,000 in ZeekRewards (claims against net winners outside the U.S. will be pursued in future actions). The total amount won by these net winners exceeds $200 million. As explained in the Complaint, the law permits the Receiver to bring claims against a class of defendants where the underlying facts and legal issues are similar against the members of the class – like in this case where they all won money in ZeekRewards. The Receiver has asked that the Court appoint the largest net winners sued by name as class representatives because they will, by virtue of their own defense to the same claims, be adequate and appropriate representatives for the rest of the net winner class. A list of those individuals whom the Receiver believes won more than $1,000 and therefore would be included in the class can be found here. If you are on the list, you are not required to do anything at this time, although you may, of course, discuss this matter with legal counsel if you choose to do so. However, I do ask all those on the list to complete a short contact information form so that those persons can be promptly notified of important information as the case moves forward.

Hmm, wonder if HerculesUnchained is one of those 9,000?



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marsh56
post Mar 3 2014, 07:18 PM
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Nice to see the wheels of justice turning. It is amazing how much money was made by a small percentage of the affiliate base.

Zeek really proved the "power of the Ponzi" in producing such a huge amount of revenue with nothing to back it up.

Since Olivares already plead guilty, more heads will probably roll soon. I feel really foolish that I allowed myself to be scammed by these criminals.

I am hoping us net losers can at least get a partial distribution soon. On the one hand, I appreciate the efforts of the Receiver. However, the longer this takes, the higher the legal costs will be.

Mark
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Lynndel
post Mar 5 2014, 01:14 PM
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QUOTE (marsh56 @ Mar 3 2014, 07:18 PM) *
Nice to see the wheels of justice turning. It is amazing how much money was made by a small percentage of the affiliate base.

Zeek really proved the "power of the Ponzi" in producing such a huge amount of revenue with nothing to back it up.

Since Olivares already plead guilty, more heads will probably roll soon. I feel really foolish that I allowed myself to be scammed by these criminals.

I am hoping us net losers can at least get a partial distribution soon. On the one hand, I appreciate the efforts of the Receiver. However, the longer this takes, the higher the legal costs will be.

Mark


Not as expensive as you think. All those who end up in court will have to pay court costs, attorney fees and the amount they received plus interest. No discounts. The Receiver has said they can still settle, but that deadline is fast approaching. Once it has passed, they will be taken to court.

I said long ago that there were at least a dozen people who received over $1 Million Dollars and was laughed at and said it wasn't true. I bet they aren't laughing now. And we haven't even gotten to the people not in the U.S., so there may be more of them.

My initial guess was that when this was all said and done, the victims would receive at least 85% of their losses. I think it will be at least that, and may be as high as 90%, which is phenomenal for the amount of money and the number of true victims.

Just like in the past, many of those on both lists were already pimping other Ponzi's or illegal cash gifting pyramid schemes. It is all they know how to do, and they call themselves Internet Marketers. They are nothing more than common thieves.


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marsh56
post Mar 5 2014, 01:28 PM
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Lynndel, thanks for the reply. I hope you are right.

I did receive 100% back with ASD but thought that was the exception. My thinking was that a lot of ASD members never filed a claim so there was a lot of money in the pot.

With Zeek, even though the total number of claims does not seem that high, the amount owed to net losers seems quite large.

In any case, time will tell. I am certainly glad that justice is being served. The silver lining is that I have learned my lesson with Zeek and am 100% out of the Ponzi game.

Thanks for all you do.

Mark
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ElmerFudd
post Mar 5 2014, 02:05 PM
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QUOTE (marsh56 @ Mar 6 2014, 08:28 AM) *
Lynndel, thanks for the reply. I hope you are right.

I did receive 100% back with ASD but thought that was the exception. My thinking was that a lot of ASD members never filed a claim so there was a lot of money in the pot.

With Zeek, even though the total number of claims does not seem that high, the amount owed to net losers seems quite large.

In any case, time will tell. I am certainly glad that justice is being served. The silver lining is that I have learned my lesson with Zeek and am 100% out of the Ponzi game.

Thanks for all you do.

Mark


You will find that the same thing happened with Zeek in that many never made a claim.
IMO you may get 100% back here. If not then very close to it.


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marsh56
post Mar 5 2014, 02:16 PM
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QUOTE (ElmerFudd @ Mar 5 2014, 06:05 PM) *
You will find that the same thing happened with Zeek in that many never made a claim.
IMO you may get 100% back here. If not then very close to it.

That would be fantastic. Thanks for the words of encouragement.

Mark
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johnnymarr80
post Mar 11 2014, 04:22 AM
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QUOTE (marsh56 @ Mar 5 2014, 10:16 PM) *
That would be fantastic. Thanks for the words of encouragement.

Mark
hi ,has anyone any idea when the victims will receive the interim payment?
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Lynndel
post Mar 20 2014, 02:01 PM
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QUOTE (johnnymarr80 @ Mar 11 2014, 05:22 AM) *
hi ,has anyone any idea when the victims will receive the interim payment?


I would go to the Receiver's website to see if the answer is there. If not, there is a link for you to use to ask your question and get a reply. Good luck.


--------------------
President/Founder Eagle Research Associates; www.eagleresearchassociates.org; Author: Robbing You With A Keyboard Instead Of A Gun - Cyber Crime How They Do It (available in soft cover and eBook at Amazon.com)
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