Receiver Files More Court Documents In Zeek Rewards Case

8:38 PM, Feb 4, 2013   |    comments
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Charlotte, NC -- This week, Zeek Rewards Receiver, Ken Bell, filed two documents in federal court in Charlotte that give us more insight into the extent of the Zeek Rewards Ponzi Scheme.

According to the quarterly report Bell filed on Wednesday, about 80,000 of the people who participated in Zeek Rewards actually won money.

Bell went on to say that those investors received about $295.5 million from Zeek Rewards.

According to the legal documents, many of those winners live outside the United States, in countries with established legal systems that would make it difficult to prosecute them.

There are also more than 800,000 losers from Zeek Rewards. Their losses could total $800 million dollars in claims.

Bell is working on setting up a claims process.

Zeek Rewards Liquidation Plan

Zeek Rewards Quarterly Report 

WFMY News 2

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