Zeek rewards what is it

Attorney Rose thanked the U. You are here U. Department of Justice. Monday, February 13, Component s :. Burks has no ability to pay a fine and declined to enter a fine. The Court allowed Mr. Burks to remain free on bond until instructed to report to a federal prison by the Bureau of Prisons. The process of designation to a federal prison usually takes 30 days. That amount plus prejudgment interest will then become the amount of the Final Judgment to be entered against the net winner.

I intend to pursue collection of these judgments vigorously, and expect the ultimate amount collected, while uncertain, will be a substantial sum. The first step in the process — notifying each Net Winner of the amount of their net winnings — is expected to begin next week. After notification, each Net Winner is required to provide a response stating whether he or she accepts or disagrees with that amount within 60 days of the notification using a website Net Winnings Determination Response Portal.

More information and links to the Response Portal will be sent to the Net Winner Class members in the notification email. If a Net Winner does not receive their notification by February 13, then he or she should email netwinningsresponse zeeknetwinnerclass. Hundreds of settlements have been negotiated with Net Winners and approved by the Court.

The sentencing hearing is open to the public and will be held at the Federal Courthouse at W. Trade Street, Charlotte, NC. Victims of these offenses are entitled to be heard at sentencing. If a victim would like to have a letter describing the impact that ZeekRewards had on them submitted to the Court please send an email to HearingLetter zeekrewardsreceivership. In particular, the Court would like to hear about any of the below circumstances:.

I will be attending the hearings on behalf of all ZeekRewards victims and will present your letters to the Court. I am pleased to announce that we will be making a third partial interim distribution to all Affiliates who hold Allowed Claims on March 15, If you previously have received payment from the Receivership, or receive a payment for the first time during the January 31 distribution, you will be issued another payment on March 15, Their failure to do so has permitted me to release these reserves and to pay the third partial interim distribution to Affiliates that hold Allowed Claims.

Finally, we do not have authority to accept new claims and are not considering further requests to amend previously allowed claims. The time to file claims or to amend claims has passed.

I ask you for your patience, and thank you for your continuing support. All claimants who fall into this category received emails on October 1, November 1 and December 1 asking them to complete the process. They received another email from the Receiver today making a personal appeal for them to sign the forms online. These claimants must follow these steps:. Failure to complete this process by December 31, will result in forfeiture of claim, meaning a distribution check will never be issued.

Those affiliates have already completed the required process. This is not a new opportunity to file a claim. The time to make a claim ended on September 5, by order of the Court. Please do not attempt to file a claim now. The opinion may be viewed by following this link. As I have previously stated, the next step will be for the Receiver and counsel for the Net Winner Class to confer and then ask the Court to approve a process to determine the amount of judgment, or money owed, by each of the class members other than the named defendants who have already been found liable for the full amount of their net winnings to the receivership.

This process is expected to take several months, but the entry of summary judgment is a significant event for the receivership and claimants. How much of that we will be able to collect for distribution to claimants with allowed claims is uncertain at this time.

However, we will pursue collection of these judgments vigorously, and expect the ultimate amount collected will be a substantial sum. A copy of the motion is available at this link. By this Motion, the Receiver requests that the Court enter an order affirming that the Receiver has the authority to deem any claim of a Subject Affiliate who has failed to submit the Required Information by p. More than 41, claimants have a claim recognized by the ZeekRewards Receivership, but have failed to electronically submit an OFAC certification and release.

The ZeekRewards Receivership cannot pay a claimant with a recognized claim unless the claimant submits an OFAC certification and release. Failure to submit an OFAC certification and release may result in these claims being forfeited. Once approved by the Court, the funds held in reserve for the forfeited claims will be released from the reserve for payments to claimants with allowed claims in this case.

The Receiver has and will continue to contact all claimants that hold one of these more than 41, claims regarding the forfeiture of their claim. The Court considered their cooperation with the government in the successful prosecution of Paul Burks in handing down the sentences.

I appeared before the Court and argued on behalf of the victims of these crimes, and presented to the Court letters from victims describing the impact that Zeek Rewards had on their lives. The sentencing of Paul Burks has not yet been scheduled. The sentencing hearings are open to the public and will be held at the Federal Courthouse at W. On August 23, Jaymes Meyer was sentence in federal court in Charlotte, NC to 15 months imprisonment followed by 2 years of supervised release on charges of obstruction of justice.

Meyer caused millions of dollars of RVG assets to be transferred to accounts under his personal control. During the last four years the Receiver Team has traced these funds all over the world and through several overseas shell companies and offshore trusts. On Thursday July 21, , following a three week trial, a federal jury in the Western District of North Carolina found Paul Burks guilty of mail and wire fraud, and conspiracy.

Also, next week we will send out thousands of amended IRS Forms for and We have determined that Rex Venture Group often miscalculated the amount of money that should have been on the forms. There also were some errors for because of inadequate and erroneous records of the company. If you receive an amended I encourage you to consult with a tax professional. I know this process has taken longer than you, or I, would have liked. I can only assure you that the receivership team has worked diligently to return as much money as possible, as quickly as possible, to victim claimants.

Our efforts on your behalf continue. Thank you for your continued support and patience. The Complaints are public records, and copies of both Complaints have been posted to the website. Complaint against Insiders Complaint against U.

Net Winners. Both actions describe in detail the ZeekRewards Ponzi and pyramid scheme and how it was operated from January to August The first action, Kenneth D. It asks the Court to order the defendants to repay the losses caused by their unlawful conduct and return the money RVG paid them.

The second action, Kenneth D. As explained in the Complaint, the law permits the Receiver to bring claims against a class of defendants where the underlying facts and legal issues are similar against the members of the class — like in this case where they all won money in ZeekRewards.

The Receiver has asked that the Court appoint the largest net winners sued by name as class representatives because they will, by virtue of their own defense to the same claims, be adequate and appropriate representatives for the rest of the net winner class. If you are on the list, you are not required to do anything at this time, although you may, of course, discuss this matter with legal counsel if you choose to do so. However, I do ask all those on the list to complete a short contact information form so that those persons can be promptly notified of important information as the case moves forward.

As discussed above, the goal of the lawsuit against net winners is simply to obtain the return of the money paid out to net winners in excess of the amount of money they paid to RVG. The Court has approved over settlement agreements, with many allowing the repayment of the settlement amount over time on a negotiated payment schedule. Net winners who want to discuss settlement should indicate their interest by email to zeeksettlement mcguirewoods.

We have recently added a link on Zeekrewardsreceivership. The Status Check Link will allow you to log in to a webpage using the userid and password you selected when you registered on the Claim Portal. After logging into the Status Check Link, you will be brought to a webpage that will inform you whether your claim determination has been issued and will also permit you to confirm or update your contact information, as necessary.

Please make sure that any contact information that you submitted is up to date so that when a claim determination for your claim is completed, you will receive notice that your claim determination has been completed. If your claim has been determined, upon logging in, you will be prompted to review your claim determination. If, after logging in, the Status Check Link shows that your claim has not yet been determined, please be patient. We are working hard to determine all fully submitted claims of Affiliates as quickly as possible.

Please do not call or email me to request the status of your claim as this will slow the claim determination process for all parties. Moreover, all entities making such requests will, to the extent they receive a response from the Receivership Team, be directed to the Status Check Link to obtain such status. If you cannot log in after following the Status Check Link because you cannot remember your userid or password, you will be able to recover these items from the website.

If you receive the following message, it indicates we do not believe you finally submitted a timely claim:. We have located the account associated with the Registration ID and password which you have tried to use to log in to check the status of a claim.

However, our records indicate that no claim was finally submitted for this Registration ID. An email will be sent to the email address which you provide and that email will contain a list of Registration IDs associated with that email address. If you believe this is an error, please contact us through the address listed in that message and we will evaluate your assertion. If you filed a claim by an alternative method approved by me in writing, you will receive your claim determination through a paper submission.

Finally, we wanted to update you on the claims reconciliation process. We are nearing the completion of the determination of more than 40, additional Affiliate claims. These claim determinations will be finalized in the next few weeks and will be sent out in large groups. We will continue to send email notices of determination to all individuals holding such claims. Please check to see if your claim has been determined using the Status Check Link listed above.

On December 27, we began sending out more than 80, emails notifying claimants that their Letter of Determination is available for review. The Letter of Determination tells claimants the amount s of their claim s recognized by the Receiver. While I tried to make this process as understandable as possible, judging by the number of emails and phone calls, there is a lot of confusion and misunderstanding about how this process works.

I write this message to answer the most frequently asked questions. While we have sent more than 80, Letters of Determination, we have received more than , claims, so roughly 90, claimants have not yet been sent a Letter of Determination. Every affiliate claimant will receive a Letter of Determination as soon as we are able to review and evaluate the claim. We are working hard to get this done as quickly as possible for every affiliate claimant.

If you have not yet received a letter of determination, you will. Please be patient, and do not send emails or leave voicemails asking when you will get your Letter. Many claimants who have not yet received a Letter of Determination are trying to login using a link forwarded to them by a claimant who has received a Letter of Determination. This will not work. The link will only allow a claimant who received an email notifying them that their Letter of Determination is available for review to login to the system.

This is because the claimant has forgotten one or both, or created more than one User ID or password, and is trying to login with the wrong one. If a claimant is having trouble logging in, please use the User Name Recovery tool that is linked to the login page on the portal.

Many who have received a Letter of Determination are confused about the amounts recognized. Both numbers are important in determining how much money will be paid to each claimant once the Court approves a Distribution Plan. Some claimants look at the line showing "Payments from Receivership Defendant" and mistakenly think this is the amount of their claim recognized by the Receiver.

It is NOT the amount of the recognized claim. Claimants can Accept both of the amounts "paid to" and "received from" , or object to one or both of the amounts. Many claimants ask if they still have to complete the online forms even if they Accept the Determination. The answer is yes, and the reasons are explained in Claims FAQ Some claimants report difficulty completing the forms online.

We have thoroughly tested, and continually test, the ability to submit these forms to be sure the online process is working properly. Many claimants ask if completing the W-9 or W-8 and perhaps later receiving an IRS Form means they will have to pay tax on a future distribution from the Receivership. Receiving a Form does not necessarily mean that a claimant will owe taxes on the future distribution. Please be assured that it is and will be. Do not send any documents directly to the Receiver.

The only Court approved Claims Process required claim information to be provided through the Claim Portal. Documents sent to the Receiver will not be accepted or reviewed. Also, do not send emails to or leave voicemails for the Receiver directly. They are not read or listened to. All correspondence should be sent to claims zeekrewardsreceivership.

Every email sent to that address is reviewed and forwarded to the Receiver as appropriate. It is impossible to respond to every individual question, email or call. Common questions are answered by postings at Zeekrewardsreceivership. All available information and updates are posted there. I am pleased to report that more than 80, Notices of Claims Determination are being sent to Claimants in the ZeekRewards case between today, December 27, , and December 31, These notices direct individuals who have had their Claim Determination issued to log in to the Claim Determination Portal to review their Claim Determination.

Such notices are being sent from the email address ZRWDeterminations tgcginc. To those of you that have received a Claim Determination, please follow the instructions provided in your Claim Determination to either accept or object to the Claim Determination. Do not send emails to ZRWDeterminations tgcginc. That email address will not be monitored. Any email sent to that email address will be deleted without being read. If you have not received a Claim Determination, please do not contact the Receiver.

Not receiving a Claim Determination notice at this time does not mean that your Claim is not valid. It only means that we have not completed our review of your Claim. Certain Claims will take additional time to evaluate and may require us to make further contact with you before we issue a Claim Determination.

We are and will be working hard to reconcile all Claims and send all Claims Determination as soon as we are able to do so. Olivares, along with the plea agreements that each defendant entered. The Government also filed a motion asking the Court to appoint Kenneth D. Bell as Special Master in this criminal proceeding to make proposed findings of fact and recommendations to the Court regarding the identity of victims and the proper amount of restitution owed to such victims, among other items.

The Court granted this motion. Department of Justice are available at the links below. On December 20, , the Securities and Exchange Commission SEC filed a complaint against Dawn Wright-Olivares and Daniel Olivares alleging the unregistered offer and sale of securities, fraud in the offer and sale of securities, and fraud in connection with the purchase and sale of securities.

To settle the SEC's charges, both defendants consented to judgment. The Receiver held a press conference on Friday, December 13, , in Lexington, North Carolina at the site of the Receivership auction.

At this press conference, the Receiver discussed the status of the Receivership claims process, among other items. Click the link below for a video of the relevant portion of the press conference. Many of you seem to be confused about an email notice that was sent to you late last week or over the weekend.

We want you to know what we are planning to do in this case. There is nothing you need to do regarding that motion unless you want to file an objection with the Court to our plan for eventually making distributions to recognized claimants or the other relief requested in the motion. The filing of this motion does not mean that we are about to begin making distributions on claims.

Please read my letter posted on December 13, for more detail on where we are in that process. I simply cannot respond individually to as many as , claimants. Also, do not call or email me with change of email address or other contact information. FAQ 32 on this website tells you how to update your contact information. The Receiver has given notice of his intention to sell at auction certain real and personal property of the Receivership Defendant. The real properties will be sold at public auction to be held on the 16th day of December, , at p.

The auction of these properties will be in conjunction with the personal property auction that will be held the 16th and 17th of December, commencing at a. For additional information, including descriptions of the real and personal property to be auctioned and further information regarding auction procedures such as bidder qualifications and fee schedules, please visit the RVG Auction website www.

On October 22, , Judge Graham C. Mullen issued an Order approving an extended claims deadline of December 1, at P. The only entities that are permitted to assert claims during the Extended Period are i affiliates whose financial institutions paid the Receiver on or after August 1, for stopped payment instruments and are thereafter charged or debited by their financial institutions for these items and ii financial institutions seeking to file a subrogation claim on behalf of their affiliate customers after paying stopped payment instruments to the Receiver on or after August 1, On May 8, , Judge Graham C.

Pursuant to that order, the claims filing period opened May 15, and closed September 5, The SEC alleges that Rex Venture and Burks fraudulently offered and sold securities in an unregistered offering as part of a combined Ponzi and pyramid scheme.

On August 17, , Judge Graham C. Mullen issued an Order appointing Kenneth D. The August 17th order directs the Receiver to, among other things, take control and possession of and to operate the Receivership Estate, and to perform all acts necessary to conserve, hold, manage and preserve the value of the Receivership Estate.

This website will be the Receiver's primary means of communicating with customers and the public. Please check back periodically for additional information. FAQ 32 - How do I update my contact information address, phone number, email address if it has changed from when I originally submitted my claim s?

Upon logging in, you will see the contact information you previously provided in your prior claim submission. The Receiver may ignore any change in this information submitted through alternative means. Yes, the Receivership Team is seeking to reconcile claims with the books and records of ZeekRewards and is requesting further information from those individuals who either did not provide a ZeekRewards User Name or provided a ZeekRewards User Name that was not valid.

Please follow the link provided in that E-mail so that you can provide a valid User Name, or inform the Receivership Team that you cannot locate or do not have a ZeekRewards User name.

If you did not receive an E-mail requesting this information, you are not required to take further action at this time. This website has been optimized for viewing in a common, modern web browser i. Please use one of these web browsers to ensure the best performance. ZeekRewards Receivership Website.

Sincerely, Matthew E. I appreciate your continued support and patience. Matthew E. The Receivership team appreciates your continued support and patience. Thank you, Matthew E. The SEC alleges that Rex Venture and Burks fraudulently offered and sold securities in an unregistered offering as part of a combined Ponzi and pyramid scheme.

On August 17, , Judge Graham C. Mullen issued an Order appointing Kenneth D. The August 17th order directs the Receiver to, among other things, take control and possession of and to operate the Receivership Estate, and to perform all acts necessary to conserve, hold, manage and preserve the value of the Receivership Estate. On May 8, , Judge Graham C. Pursuant to that order, the claims filing period opened May 15, and closed September 5, You are here U.

United States v. Download Paul Burks Indictment. Download Daniel Olivares Plea Agreement. Download Order on Victim Notification Procedures.

Download Motion to Appoint Special Master.