Securities

Recent Posts

Co-Founder of Zeek "Victim Group" That Openly Challenged SEC Reportedly Receives SEC Subpoena
Posted on 4 Oct 2012 by Jordan D. Maglich

One of the individuals leading an advocacy group openly critical of the Securities and Exchange Commission's ("SEC") handling of the alleged $600 million Zeek Rewards Ponzi scheme has reportedly been subpoenaed to appear before the SEC.... Read More

Zeek Receiver Blasts Objections to Claims Process
Posted on 29 Apr 2013 by Jordan D. Maglich

"Hundreds of thousands of Zeek victims have waited patiently for months as the Receiver has completed the work necessary to provide an easy to use, fair and efficient claims process. But yet again, it appears that counsel pursuing their own agenda... Read More

Zeek Receiver Issues Quarterly Report; Claim Form Expected Today
Posted on 1 Feb 2013 by Jordan D. Maglich

The court-appointed receiver for the $600 million ZeekRewards Ponzi scheme filed a quarterly report yesterday that provides a clear recap of his efforts to date, including asset recovery, the ongoing investigation, and clawback litigation. The Receiver... Read More

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

Zeek Receiver Issues Update, Will Seek Court Approval for Claims Process by End Of March
Posted on 6 Mar 2013 by Jordan D. Maglich

The court-appointed receiver overseeing the recovery of funds for victims of the $600 million ZeekRewards Ponzi scheme issued an update today to address several pending issues. Kenneth D. Bell, the Receiver, posted a three-page letter on the court... Read More