Source: Npros.com 9/22/2012

ZeekRewards Receiver Wants Affiliate Profits Returned

Kenneth Bell, the court-appointed receiver for ZeekRewards and Rex Venture Group, said that he intends to recover assets from affiliates who "took more out of Rex Ventures than they put in."

In a letter to ZeekRewards affiliates dated September 13, Bell wrote that "Many of you received little or nothing from this enterprise. In order to make everyone as whole as possible, those who profited from participating should surrender their gains."

Bell's letter went on to say that the process for official claims against ZeekRewards' assets has not be established, but that his office hoped to soon have a method for collecting information from victims for future claims processes.

View ZeekRewards Review

Related News

  • ZeekRewards President Indicted On Federal Charges
    ZeekRewards President Indicted On Federal Charges For Operating $850 Million Internet Ponzi Scheme

    FOR IMMEDIATE RELEASE

    October 24, 2014

    United States Attorney Anne M. Tompkins Western District of North Carolina CHARLOTTE, N.C. - The preside...  Read More...

  • ZeekRewards Receivership Page Now Up
    The Receiver for ZeekRewards has created a website to communicate with affiliates and the public. Included on the site is the SEC complaint against Rex Venture Group, LLC d/b/a ZeekRewards.com and Paul R. Burks, alleging that the company and Burks fraudulently sold unregistered securities as part...  Read More...
  • ZeekRewards Receiver Wants Affiliate Profits Returned
    Kenneth Bell, the court-appointed receiver for ZeekRewards and Rex Venture Group, said that he intends to recover assets from affiliates who "took more out of Rex Ventures than they put in." In a letter to ZeekRewards affiliates dated September 13, Bell wrote that "Many of you received little or ...  Read More...
  • Receiver Recovers 300 Million in ZeekRewards Assets
    The court-appointed receiver for Rex Venture Group and ZeekRewards has recovered nearly $300 million in assets so far and says that there may be tens of millions of dollars more to secure.Kenneth Bell of the Charlotte law firm McGuireWoods LLP was appointed to recover assets after the SEC shut do...  Read More...

 

ZeekRewards News Archive

New Companies on Npros

Receive News and
Updates from Npros.com

 Send me news updates
 Send me New Companies

RSS Npros News Feed