BTC / USD
ETH / USD
XRP / USD
LTC / USD
EOS / USD
BCH / USD
ADA / USD
XLM / USD
NEO / USD
XEM / USD
DASH / USD
USDT / USD
BNB / USD
QTUM / USD
XVG / USD
ONT / USD
ZEC / USD
STEEM / USD

Zeek Rewards- Scam Review

0

The Zeek Receiver made the announcement that the Zeek Rewards Receivership had been formally terminated on Might nineteenth, 2022.

The receivership has now been administratively closed, as said within the replace that was supplied by the receiver on Might nineteenth. The ultimate distribution has additionally been completed.   

The conclusion of operations comes after the dispatch of the ultimate distribution checks within the month of January.   

Over 121,000 distribution checks have been mailed out on January nineteenth, offering a further $14.3 million in compensation to victims of the ZeekRewards Ponzi scheme. These checks have been mailed out on the identical day.   

Relating to any ongoing issues with funds, the Receiver needs to tell everybody that the 120-day validity interval for these checks has now ended, and that there will likely be no extra distributions made sooner or later.   

You probably have been knowledgeable by the Receivership crew {that a} reissued verify is being mailed to you, you must preserve a watch out for it within the weeks to return.   

At the moment, we’re unable to simply accept any extra alternative checks or wire switch requests that could be made.   

Even if that is extra of a TelexFree concern, the Receiver was capable of make clear Zeek victims’ reviews of an absence of communication.  

“Over the course of the last few months, I’ve been contacted by telephone and e-mail hundreds of instances with calls for for distributions and reissues of checks.   

As a result of the truth that there are over 129,000 folks claiming advantages, I’ve been unable to reply to every particular person communication that has been despatched to me with questions concerning the distribution of these advantages. I apologize for the inconvenience.   

It can be crucial that you simply take observe that the receivership has been closed as of the time of this replace, and there will likely be no additional responses to distribution-related communications.   

That is additionally relevant to us. We’re not, and has by no means been, an organization that gives technical assist for trusteeships or receiverships. Ultimately, these Zeek customers who had claims licensed have been capable of recoup 84% of the cash that they had misplaced on account of the receivership.   

After making this final payout, we’ve got given again a complete of $371 million to the individuals who have been taken benefit of by the plan.   

I’m blissful that the Receivership Group was capable of ship such a considerable return to the claimants on account of their arduous work and dedication.   

Sincerely,”   

In his capability as Successor Receiver, Matthew E. Orso So as to put the $371 million that was paid out into perspective, Zeek Rewards was really a Ponzi scheme that was value $900 million (the SEC had initially estimated that the scheme was solely value $600 million).

In August of 2012, Zeek Rewards was finally put out of enterprise by the SEC. In February of 2017, Paul Burks, the founding father of Zeek Rewards, was given a jail sentence of fourteen years for his involvement within the firm. Burks is now being detained in North Carolina on the Federal Correctional Establishment (FCI) Butner, which is classed as a “medium-security federal correctional establishment.”

On February fifteenth, 2028, Burks, who will likely be 75 on the time, is ready to be launched.

Leave A Reply

Your email address will not be published.