Zeek Rewards Receiver: Claims Portal Scheduled To Open Soon - Essay Example

UPDATE: The claims portal is now open, if you lost with Zeek Rewards Ponzi or decided to surrender your profits voluntarily proceed to www.ZeekRewardsReceivership.com

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The court appointed receiver of the alleged Zeek Rewards Ponzi scheme has announced that the claims portal is scheduled to open on or before May 15. “It is with pleasure that I report on May 8, 2013, the U.S. District Court for the Western District of North Carolina granted our motion seeking Court approval of our Claims Process for ZeekRewards,” receiver Kenneth D. Bell wrote in a letter to Zeek Rewards investors.

Bell advices claimants not to submit any claims before the portal opens. He also noted that most claims will be submitted electronically and there has to be a special permission received from the receiver to submit a claim in any other form.

Zeek Rewards is an alleged $600 million Ponzi scheme that has been cracked down by the secret service back last year. The receiver is currently in the process of getting back the assets and doing partial or even full refunds for people which lost money in the scheme. People who made a profit in the scheme will have to pay back the assets if they want to avoid legal action being taken.

Paul Burks, operator of the Ponzi scheme, was not sued but agreed to pay a fine. He will most likely not face any legal action.