Securities

Recent Posts

SEC Shuts Down Zeek Rewards, Alleges It Was $600 Million "Massive Ponzi Scheme" On Verge Of Collapse
Posted on 23 Aug 2012 by Jordan D. Maglich

"Unbeknownst to its investors, ZeekRewards is, in reality, a massive Ponzi and pyramid scheme. " -SEC The Securities and Exchange Commission ("SEC") announced late Friday that it had filed suit against ZeekRewards, alleging it... Read More

Court Dismisses SEC Bid to Force SIPC to Cover Stanford Victim Losses
Posted on 9 Jul 2012 by Jordan D. Maglich

A federal judge has denied an attempt by the Securities and Exchange Commission ("SEC") to force an industry-funded nonprofit to institute a claims process for the victims of R. Allen Stanford's $7 billion Ponzi scheme. United States District... Read More