Chance to chime in about Zeek scam

Dec. 12, 2012 @ 02:57 PM

Victims of the Zeek Rewards pyramid scheme could learn more next week about when and whether they will receive some measure of restitution and justice.
The court-appointed receiver, in what may become one of the largest pyramid schemes in modern U.S. history, will provide an update during a web-based conference call. The update by receiver Kenneth Bell, an attorney out of Charlotte, also will be accessible through a toll-free phone call.
To log on to the conference call, which takes place at 5 p.m. Monday, click here. The password is rewards.
The toll-free number to hear the conference call is 1-855-749-4750. The access code for the conference call is 669 382 018.
While people can ask questions of Bell through the web-based conference call link, anyone taking part through the phone line only will be able to listen, not submit questions live.
“I will answer individual questions on the video conference call,” Bell indicated Wednesday in a notice posted on the Zeek Rewards receivership website. “However, because we may have more questions than I have time to answer on Monday, I would encourage you to email your questions to me prior to the call so I have the opportunity to address them in my remarks. You can email your question to me at zeekrewardcall@mcguirewoods.com.”
Bell indicates that he won’t be able to address questions about individual cases, but general questions about the investigation and the attempt to recover money from the scam that billed itself as an online multilevel marketing business and penny auction.
The U.S. Securitites and Exchange Commission seized the assets of Zeek Rewards, which operated out of a small office building in Lexington, in August. The federal agency called Zeek Rewards a $600 million Ponzi scheme on the verge of collapse.
Upward of 1 million people worldwide may have been taken in by Zeek Rewards. Bell has spent the past several months trying to secure assets that could be used to repay victims of the swindle. The former owner of Zeek Rewards and its parent company, Rex Venture Group, agreed to cooperate with authorities as part of the SEC action.

What would you ask the receiver in the Zeek Rewards pyramid scheme? Share your thoughts in the comment section below this story.


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