I will be posting updates as they come in for ZEEK REWARDS.

Here is the lastest information I have.........................

Please come back frequently as this will update often.

VERY IMPORTANT

DO NOT JUMP INTO ANOTHER MLM OPPORTUNITY QUICKLY!!

I AM GETTING ALOT OF EMAILS FEELING SORRY FOR ME BECAUSE OF ZEEK AND WANT ME TO BRING MY TEAM OVER FOR SOMEONE ELSES BENEFIT. BE VERY CAREFUL AND CONSIDER THEIR OFFER SUSPIOUSLY!!!!

GOOD LUCK WHATEVER YOU DO

On August 17, 2012, the Securities and Exchange Commission ("SEC") filed a Complaint in United States District Court, Western District of North Carolina, Charlotte Division, against Rex Venture Group, LLC ("Rex Venture") d/b/a ZeekRewards.com ("ZeekRewards"), and Paul R. Burks. The SEC alleges that Rex Venture and and Burks fraudulently offered and sold securities in an unregistered offering as part of a combined Ponzi and pyramid scheme.
On August 17, 2012, Judge Graham C. Mullen issued an Order appointing Kenneth D. Bell of McGuireWoods LLP as temporary receiver (“Receiver”) for Rex Venture Group, LLC d/b/a ZeekRewards.com. 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.
At this time there is no claims process and no distribution. The Receiver is currently gathering ZeekRewards investment history and harmed investor information from the Defendants in an effort to facilitate the claims process and subsequent distribution to harmed investors.
This website will be the Receiver's primary means of communicating with customers and the public. Please check back periodically for additional information.
Click here to see a press release from the Receiver.

 

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Frequently Asked Questions

1. What Is This Lawsuit About?
2. I was enrolled in a ZeekRewards monthly subscription plan, purchased ZeekRewards “VIP Bids,” or otherwise invested in ZeekRewards. Will I receive back all of my money that I invested in ZeekRewards?
3. How Will the Claims Process Work?
4. What if I have additional questions?

1. What Is This Lawsuit About? The SEC alleges that online marketer Paul Burks of Lexington, N.C. and his company Rex Venture Group have raised money from more than one million Internet customers nationwide and overseas through the website ZeekRewards.com, which they began in January 2011.
   According to the SEC’s complaint filed in federal court in Charlotte, N.C., customers were offered several ways to earn money through the ZeekRewards program, two of which involved purchasing securities in the form of investment contracts. These securities offerings were not registered with the SEC as required under the federal securities laws.
   The SEC alleges that investors were collectively promised up to 50 percent of the company’s daily net profits through a profit sharing system in which they accumulate rewards points that they can use for cash payouts. However, the website fraudulently conveyed the false impression that the company was extremely profitable when, in fact, the payouts to investors bore no relation to the company’s net profits. Most of ZeekRewards’ total revenues and the “net profits” paid to investors have been comprised of funds received from new investors in classic Ponzi scheme fashion.
   The SEC’s complaint alleges that the scheme is teetering on collapse with investor funds at risk of dissipation without its emergency enforcement action. Last month, ZeekRewards brought in approximately $162 million while total investor cash payouts were approximately $160 million. If customers continue to increasingly elect to receive cash payouts rather than reinvesting their money to reach higher levels of rewards points, ZeekRewards’ cash outflows would eventually exceed its total revenue.
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2. I was enrolled in a ZeekRewards monthly subscription plan, purchased ZeekRewards “VIP Bids,” or otherwise invested in ZeekRewards. Will I receive back all of my money that I invested in ZeekRewards? According to the SEC’s complaint, ZeekRewards has paid out nearly $375 million to investors to date and holds approximately $225 million in investor funds in 15 foreign and domestic financial institutions. Those funds will be frozen under the emergency asset freeze granted by the court at the SEC’s request. Meanwhile, Burks has personally siphoned several million dollars of investors’ funds while operating Rex Venture and ZeekRewards, and he distributed at least $1 million to family members. Burks has agreed to relinquish his interest in the company and its assets plus pay a $4 million penalty. Additionally, the court has appointed a receiver to collect, marshal, manage and distribute remaining assets for return to harmed investors.
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3. How Will the Claims Process Work? At this time there is no claim form available nor has a formal claims process been established and approved by the Court. However, the process of verifying and validating or rejecting claims typically involves comparing the information submitted by the Claimant to the information available to the Receiver, and reaching a conclusion in light of the available information and the applicable law.
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4. What if I have additional questions? If you have any additional questions, please contact the Receiver by email at: info@ZeekRewardsReceivership.com
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