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Zeekrewards - Zeekrewards.com
Lynndel
post Jun 10 2015, 08:26 PM
Post #10441


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Joined: 28-July 08
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Member No.: 146,876



It was announced that Kevin Grimes and the Receiver have reached a settlement that was approved by Judge Mullen. Grimes will pay the Receiver $1.1+ Million and there will be no trial.

It will be interesting to see how this settlement agreement will play out with Kaplan, the other attorney sued by the Receiver.


--------------------
President/Founder Eagle Research Associates; www.eagleresearchassociates.org, www.Swindles.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)
Lifetime Member of the National Association of Distinguished Professionals
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Lynndel
post Jun 19 2015, 02:29 PM
Post #10442


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Here is the latest report from the Receiver. If you have any questions about any of this you need to contact the Receiver to get your answers:

ANNOUNCEMENT FROM THE RECEIVER – June 18, 2015

I am pleased to announce that we will be making a second partial interim distribution to all Affiliates who hold Allowed Claims on the next Court authorized distribution date (July 31, 2015), which, when combined with the first partial interim distribution and the amounts paid by Zeek Rewards before it was shut down, will return to victims 60% of allowed claimed losses due to the Zeek Rewards Ponzi scheme.

There has been some confusion about how the amounts of distributions are calculated using the Court ordered “rising tide” method. The rising tide method of loss calculation is designed to make every recognized claimant equally whole (as a percentage of their investment). Take for example two recognized claimants, each of whom invested $10,000 into the Zeek Rewards Ponzi scheme. The first claimant received nothing back from Zeek Rewards while the scheme was operating. The second claimant received $4,000 out of Zeek Rewards before it was shut down. Under the rising tide method, the second claimant is deemed to have already received 40% of her investment back, while the first claimant has received nothing back. When we made the first partial interim distribution of 40% the first claimant received $4,000, but the second claimant did not receive a distribution check.

When the second interim partial distribution is made, the first claimant will receive an additional $2,000, and the second claimant (who did not get a first distribution) will receive $2,000. This will ensure that both claimants have received 60% of the amounts they invested. While some Affiliates have complained about the rising tide method, I believe it is the most fair way to make the Zeek Rewards victims equally whole; two investors put $10,000 into the scheme and each will receive $6,000 total, whether it was received from the scheme itself, or from distributions from the receivership, or a combination of both.

There also has been some confusion about our quarterly distributions. Some mistakenly believe that they will receive a distribution every quarter. There was a first partial interim distribution and will soon be a second. Each quarter we send distribution checks only to claimants who completed the claims process since the last quarter.

Unfortunately, nearly 50,000 claimants with recognized claims have not received a first, nor will they receive a second, partial interim distribution. The only reason for this is that those 50,000 claimants have not electronically signed the Release and OFAC certification available through the claims portal. Many have called or emailed asking for personal assistance signing and submitting these forms. We will soon create and post on the receivership website an instructional video showing how to electronically sign and submit the Release and OFAC certification through the claims portal. The cost to create and post this video will be a minimal expense to the receivership.

We have received calls and emails asking that we cut off the recovery rights of the 50,000 recognized claimants who have not completed the process and distribute their share of distributions to those who have. That day may come, but it has not yet. I will give each claimant with a recognized claim every opportunity to receive their share of the recovery. Nonetheless, I implore everyone to promptly complete the Court required process. Sometime before the end of the receivership I will have no option but to ask the Court for permission to distribute all remaining receivership assets to only those recognized claimants who have completed the process.

If your contact information has changed, or the claims portal shows that you were issued a check that you have not received, or a check you were mailed was issued in the wrong name, please click on the following link to learn how to let us know: https://cert.gardencitygroup.com/zrwdet/fs/home.

After this second partial interim distribution, the receivership will maintain sufficient funds to pay those claimants who have not yet, but hopefully will, electronically sign the Release and the OFAC certification, and sufficient funds to allow the receivership team to continue to pursue additional recoveries for the ultimate benefit of eligible Affiliates. We are not going to hold onto money that we could otherwise distribute to victims.

We are in negotiations or litigation with financial services firms to recover tens of millions of dollars for Affiliates. The litigation against U.S and foreign net winners (those who took more money out of the scheme than they put in, essentially holding the victims money) is progressing. I remain confident that we will succeed in all of these efforts. Unfortunately, litigation is never quick, and once we have judgments against the net winners, in amounts exceeding $200 million, we will have to collect on those judgments. I don’t anticipate making a third partial interim distribution for quite some time because the funds for such a distribution will largely have to come from litigation recoveries that will take quite some time.

I know and understand that recovering only 60% of your investment is not what you want. I have read letters from and spoken to many of you. I know the hardships that Zeek Rewards inflicted on thousands of people. It may be no comfort, but a 60% recovery by victims of a Ponzi scheme is unusually high, and I am proud that the receivership team spends less as a percentage of total recoveries than any receivership of which I am aware.

I am entirely confident that when we are finished with our work on your behalf your total recovery will be more than the 60% we will distribute. I ask you for your patience, and thank you for your continuing support.



--------------------
President/Founder Eagle Research Associates; www.eagleresearchassociates.org, www.Swindles.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)
Lifetime Member of the National Association of Distinguished Professionals
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Legoman
post Jul 12 2015, 06:38 AM
Post #10443


New MoneyMaker
*

Group: Member
Posts: 13
Joined: 10-January 14
From: Orange County California
Member No.: 535,347



New Penny Auction from DD, Here is the info. Nothing like Zeek Rewards.

Compound no more, but "Appreciate" your way to $1,000's weekly! Seriously you can earn 1K or more day one; and do it for Free!

"I've been working on this business model since 2011 and now it's ready. The infrastructure is prepared, it's go time!"

We will have people earn $1,000's of dollars within their first few hours...That's with NO money out of pocket! And it's ALL product based! That means it's REAL.

If you are interested, a select few of you will receive a percentage of company profits for up to the lifetime of the platform without one penny out of your pocket! Read this explanation and tell me what YOU think.

Here's the concept:

Let's say we take the profit potential of a penny auction and pay it to everyday people! By this we mean not to the company; but pay it to people who post their own items.

EBay lets you post your own items. Craigslist let's you post your own items.
But they don't pay YOU the way penny auction owners pay THEMSELVES!

In fact you may not be aware of what penny auction owners pocket per item.

Here's an example of what it can do for you:

Post your new couch on our new website and hold on tight!
Suppose you paid $500 for a new couch, and posted it immediately for sale.
Each bid raises the price at the rate of one cent, but you're paid 50 cents for each bid (the way penny auction owners have been paying themselves exclusively up until now).

In addition there is no need for worry. We have a reserve minimum system, which means there's no way for you to lose money.

When the new couch sells, say for $50, (which is an amazing bargain to the purchasing customer) You would earn $2,500! That's five times what you paid for the couch just a day ago!
Not bad for one day's "work", wouldn't you say?

Want to earn double?

Take another $500 and buy another couch to sell!
When it sells, that's a $4,000 total profit! Remember this is your first day in business!
Where else could you do that?

"This is the most powerful idea for making money I've ever seen" LMH Wash State.
Another example to clearly show you the power of this new concept:

Suppose you want to sell your good condition used car for $10,000. You've post it on Craigslist. You get a few shoppers, but mostly bargain hunters. You're reasonable, so you negotiate. You end up taking $8,500.

Now, how much could you have made if you posted the car with us?
If the car sells for just $1,000; that's a great deal for the buyer, right?
The main thing is you would have earned a grand total of $50,000!
Yes Fifty thousand dollars!!
How's that for one day's pay?! Are you ever going to post on eBay or Craigslist after that? Would anyone?

Now you can ask your questions directly to DD. Conference call this Monday 7/13/2015
712-775-7031 Pin: 710416672
9pmEST

P.S. DD and Dawn never got along and when she took over Zeek and they failed to listen to DD. Don’t believe me? Call and ask him yourself.


This post has been edited by Legoman: Jul 12 2015, 06:45 AM
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Lynndel
post Jul 12 2015, 08:31 PM
Post #10444


MMG Member
**********

Group: Member
Posts: 3,385
Joined: 28-July 08
From: United States
Member No.: 146,876



QUOTE (Legoman @ Jul 12 2015, 06:38 AM) *
New Penny Auction from DD, Here is the info. Nothing like Zeek Rewards.

Compound no more, but "Appreciate" your way to $1,000's weekly! Seriously you can earn 1K or more day one; and do it for Free!

"I've been working on this business model since 2011 and now it's ready. The infrastructure is prepared, it's go time!"

We will have people earn $1,000's of dollars within their first few hours...That's with NO money out of pocket! And it's ALL product based! That means it's REAL.

If you are interested, a select few of you will receive a percentage of company profits for up to the lifetime of the platform without one penny out of your pocket! Read this explanation and tell me what YOU think.

Here's the concept:

Let's say we take the profit potential of a penny auction and pay it to everyday people! By this we mean not to the company; but pay it to people who post their own items.

EBay lets you post your own items. Craigslist let's you post your own items.
But they don't pay YOU the way penny auction owners pay THEMSELVES!

In fact you may not be aware of what penny auction owners pocket per item.

Here's an example of what it can do for you:

Post your new couch on our new website and hold on tight!
Suppose you paid $500 for a new couch, and posted it immediately for sale.
Each bid raises the price at the rate of one cent, but you're paid 50 cents for each bid (the way penny auction owners have been paying themselves exclusively up until now).

In addition there is no need for worry. We have a reserve minimum system, which means there's no way for you to lose money.

When the new couch sells, say for $50, (which is an amazing bargain to the purchasing customer) You would earn $2,500! That's five times what you paid for the couch just a day ago!
Not bad for one day's "work", wouldn't you say?

Want to earn double?

Take another $500 and buy another couch to sell!
When it sells, that's a $4,000 total profit! Remember this is your first day in business!
Where else could you do that?

"This is the most powerful idea for making money I've ever seen" LMH Wash State.
Another example to clearly show you the power of this new concept:

Suppose you want to sell your good condition used car for $10,000. You've post it on Craigslist. You get a few shoppers, but mostly bargain hunters. You're reasonable, so you negotiate. You end up taking $8,500.

Now, how much could you have made if you posted the car with us?
If the car sells for just $1,000; that's a great deal for the buyer, right?
The main thing is you would have earned a grand total of $50,000!
Yes Fifty thousand dollars!!
How's that for one day's pay?! Are you ever going to post on eBay or Craigslist after that? Would anyone?

Now you can ask your questions directly to DD. Conference call this Monday 7/13/2015
712-775-7031 Pin: 710416672
9pmEST

P.S. DD and Dawn never got along and when she took over Zeek and they failed to listen to DD. Don’t believe me? Call and ask him yourself.


Anyone who is crazy enough to fall for all this BS that DD has posted about his new program deserves to lose every dime they put in. Different than Zeek in name only, as it is a Ponzi worse than Zeek. DD was up to his eyeballs in Zeek and anyone thinking if the "powers that be" had only listened to him" Zeek would not have been shut down is delusional as DD is in even trying to claim it.

DD doesn't know anything but Ponzi's. It's all he has ever been involved in and promoted. This is just the same pig with a new dress and new lip gloss. If he thinks he won't have to pay his $2.2 million dollar judgment against him in Zeek, he is in for a rude surprise. I wouldn't be surprised if criminal charges aren't filed against him and soon.



--------------------
President/Founder Eagle Research Associates; www.eagleresearchassociates.org, www.Swindles.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)
Lifetime Member of the National Association of Distinguished Professionals
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Lynndel
post Jul 13 2015, 10:38 PM
Post #10445


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Group: Member
Posts: 3,385
Joined: 28-July 08
From: United States
Member No.: 146,876



I have been asked repeatedly if DD was Darryle Douglas. Yes DD is Darryle Douglas.


--------------------
President/Founder Eagle Research Associates; www.eagleresearchassociates.org, www.Swindles.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)
Lifetime Member of the National Association of Distinguished Professionals
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Legoman
post Jul 15 2015, 03:52 AM
Post #10446


New MoneyMaker
*

Group: Member
Posts: 13
Joined: 10-January 14
From: Orange County California
Member No.: 535,347



QUOTE (Lynndel @ Jul 12 2015, 09:31 PM) *
Different than Zeek in name only, as it is a Ponzi worse than Zeek.


Mr. Lynndel,

Here are the differences of the two.

Zeek: You posted Ads and got paid.
Attic Auctions: You post your own ad with your own product ( like Ebay or Amazon ) it sells, you get paid.

Zeek: You got paid from recruiting ( 10% ) of there purchase ( membership )
Auction Attics: You don't recruit to get paid.

Zeek: Focus was on recruiting and compounding
Auction Attics: Focus is on selling a product. ( T.V. Couch,Car Ipad..etc )


Instead of the owner of a Penny auction keeping all the profit from the sale of the Item, Auction Attics splits the sale of the Item you sell on the auction. ( Unlike Ebay )
Thats where you see that you can earn 5 - 10 times more.

It's "Direct Selling" not a ponzi scheme as you stated. Auction Attics doesn't pay you to bring in new "people" to pay the "old"
DD always focused on the penny auction site, not zeek, when he did the calls.

-Regards
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Lynndel
post Jul 15 2015, 08:55 PM
Post #10447


MMG Member
**********

Group: Member
Posts: 3,385
Joined: 28-July 08
From: United States
Member No.: 146,876



Legoman: If you want to buy what DD is selling, that's your right. Zeek Rewards went to great links to try and cover up that they were selling unregistered securities, while this Ponzi blatantly advertises it is selling unregistered securities. Here's the proof, and I quote from the man himself:

"The Eagle One Marketing Group offer: This Pool will allow between up to 200 participants only! The offered Pool is expected to be open only 6 to 8 weeks and will be closed permanently, not to be offered again.

a) $250 gets 1/4 Share of a 10% pool, for the lifetime of the platform.

b) $500 gets 1/2 Share of a 10% pool, for the lifetime of the platform.

c) $1,000 gets 1 full Share of a 10% pool, for the lifetime of the platform plus 1 additional share free, for a total of 2.

d )$2,000 gets 2 full Shares of a 10% pool, for the lifetime of the platform plus 4 additional bonus shares free, for a total of 6.

e) $3,000 gets 3 full Shares of a 10% pool, for the lifetime of the platform plus 9 additional bonus shares free for a total of 12.

Each contributor that you introduce earns you a 100% Matching Bonus. For example if you contributed 1K for one share and then you introduced a contributor who did the same. This would earn 2 shares for your contribution and 2 additional shares for your contributor’s participation. This for the lifetime of the platform.
Top 20 Bonus: The first 20 Contributors will share in a separate 5% pool. This will be exclusively between the initial Top 20 participants, also for the lifetime of the platform!"


Plain as day he is offering securities. But if anyone is still crazy enough to invest in this, they had better be asking DD why they are not depositing money into the company instead of into his wife's personal bank account at Bank of America.

The next major issue is that the person bidding on an auction item is relying on the seller to provide an accurate description of the condition of the auction item. Then who is going to pay to ship the item to the winner? Want to pay for shipping for a couch won at auction that the seller is in California and the winner is in Florida?

Now there is a whole lot more that is wrong with t his hair-brained idea, but if these facts don't scare the pants off you to stay away, as I said before anyone who joins this deserves to lose their money.



--------------------
President/Founder Eagle Research Associates; www.eagleresearchassociates.org, www.Swindles.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)
Lifetime Member of the National Association of Distinguished Professionals
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