Zeek to Be Auctioned & Receivership Extension – Were You Caught Up In This Ponzi Scheme?

As the Davidson-County Dispatch reports, the penny auction site Zeekler.com and their rewards/MLM scheme that turned out to be a huge ponzi scam will see all of its assets auctioned according to a motion filed in the U.S. District Court in Charlotte.

Last summer the site and marketing scheme was shut down and declared a large pyramid and Ponzi scheme by the U.S. Securities and Exchange Commission. Read more about what happened The SEC Shut Down Zeekler and ZeekRewards.com MLM Penny Auction $600 MILLION Ponzi and Pyramid Scheme.

The Dispatch reports that upwards of $325 million has thus far been reclaimed for Zeekler’s thousands of claimants – there’s about 174k claims, totaling $550 million.

“The proposed sale at auction will result in additional cash being deposited in the receivership estate’s accounts and will increase the overall recovery for claimants,” said Bell, who with his team of attorneys, investigators and database consultants has recovered upward of $325 million for Zeek’s “net losers.” About 174,000 claims, totaling about $550 million, were submitted through the claims process that ended in September, and Bell estimates that a total of 840,000 Zeek Rewards users lost money.

The auction will include buildings, home and office furniture and “close to 600 items relating mostly to country music memorabilia listed in the auction’s catalogue, as well as Zeek promotional material like water bottles, coffee mugs, magnets and pens, according to court attachments.”

They started out as an auction and will end as one. Ironic?
If you were one of the 840,000 Zeek Rewards users that lost money you may be happy to know that on October 22nd, Judge Graham C. Mullen issued an order approving an extension of the claims deadline against Zeekler to now be December 1, 2013 at 11:59 PM EST. For more information on claims and receivership be sure to check out the ZeekRewards Receivership Website at http://www.zeekrewardsreceivership.com.  More information about the case as well as case documents can also be accessed on the website.
According to a report that was published in The Dispatch today, the first checks should start being received by claimants as early as next year.
Did you get scammed by Zeekler or ZeekRewards? Tell us about your experiences!

 

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