On May 19th 2022, the Zeek Receiver announced the Zeek Rewards Receivership was officially closed. This marks the end of an era here at BehindMLM, spanning eleven years and two hundred and thirty-two articles. As per the Receiver’s May 19th update; The final distribution has been completed, and the Receivership is now administratively closed. The […]
Zeek Rewards Receivership closes, end of an era Read More »
About a week ago BehindMLM started receiving reports of new checks sent to Zeek Rewards victims. Today the Receiver confirmed these were final distribution payments. In an announcement dated February 2nd, the Receiver wrote; I am pleased to report that the Receivership’s final distribution is well underway. On Wednesday, January 19th, we sent out over
Zeek Receiver confirms new checks part of final distribution Read More »
The Zeek Rewards Receiver has filed two new motions; one requesting permission to make a final distribution, the other seeking to close the long-running case. With respect to a final distribution payment to Zeek Rewards victims, the motion states; The Receiver seeks approval of this Court to make a fifth and final distribution to holders
Zeek Rewards Receiver’s final distribution + closing case Read More »
The Zeek Rewards Receiver filed his second quarter 2021 report on July 30th. Not much happened in the second quarter outside of the IRS losing an appeal case. During the second quarter, the IRS Office of Appeals issued a determination in the IRS Appeals hearing conducted in 2020 regarding the IRS’s attempt to levy on
IRS won’t collect on Zeek Rewards’ unpaid taxes Read More »
A technicality ruling by the Fourth Circuit will see Roman Balanko and VictoriaBank keep $13.1 million in stolen Zeek Rewards victim funds. The dispute over the funds began in 2016. In a nutshell the funds were laundered through Payza, who in turn laundered the funds through VictoriaBank, who in turn laundered the funds through Bank
Roman Balanko to keep $13.7 million in stolen Zeek funds Read More »
Due to several outstanding issues, the Zeek Rewards Receivership has been extended through to 2021. The last roadmap placed the winding down of the Zeek Receivership on or around January 2020. Ongoing issues will blow that soft deadline out by more than a year, as revealed in an August 4th filing. In a motion for
Zeek Rewards Receivership extended through 2021 Read More »
The Zeek Rewards Receiver has provided an update on last partial distribution payments. In his April 20th update, the Receiver states: On Friday, April 17, I made a fourth partial interim distribution to affiliate-investors holding allowed claims. The Receiver Team mailed over 122,000 checks for a total distribution of approximately $28 million. Some of you
Zeek Rewards victim distributions top 81% recovery Read More »
Citing ongoing litigation with VictoriaBank, the Zeek Receivership has announced an interim partial distribution. With the Receivership winding up after the VictoriaBank litigation concludes, the original plan was to hold out until a final distribution could be made. The VictoriaBank litigation continues to drag on however, prompting the Receivership to apply for permission to distribute
Zeek Receivership to make one last partial distribution Read More »
In a recent update published on the Zeek Receivership website, the Receiver revealed Zeek Rewards’ net-winners attempted to take their case to the Supreme Court. Not sure how I’d missed it but this was certainly news to me. Zeek Rewards’ net-winners are some of the most bitter scammers out there. They’ve been fighting to keep
Zeek Rewards scammers filed a Supreme Court writ Read More »
The Zeek Rewards Receiver’s contempt motion against VictoriaBank has been denied. The news comes via an October 1st order, issued following a motion hearing on the same date. Detailed reasoning for the order isn’t provided. For the reasons stated in open court, IT IS THEREFORE ORDERED that the Receiver’s Motion and Renewed Motion are DENIED
Zeek Receiver’s VictoriaBank contempt motion denied Read More »
