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The Zeek Rewards Receivership was formally closed on May 19th, 2022, according to the Zeek Receiver.

This concludes an era at BehindMLM that lasted eleven years and two hundred and thirty-two articles.

The final distribution has been accomplished, and the Receivership is officially administratively concluded, according to the Receiver’s May 19th statement.

The closure comes after the last distribution checks were mailed out in January.

We distributed approximately 121,000 distribution checks on Wednesday, January 19th, totaling $14.3 million to victims of the ZeekRewards Ponzi fraud.

Regarding any outstanding payment difficulties, the Receiver notifies that the 120-day check expiry date has now expired, and no further distributions will be issued.

Please expect a reissued check to arrive in the coming weeks if you got confirmation from the Receivership team that one is being sent to you.

At this time, no more requests for replacement checks or wire transfers will be allowed.

The Receiver also gave insight on non-communication alleged by Zeek victims; I have had thousands of calls and emails over the last few months involving requests for distributions and reissued checks, however, it’s more of a TelexFree thing.

While I would want to answer every one of your letters, due to a large number of claims, I am unable to respond to individual emails about distribution-related questions.

Please note that, as of this update, the Receivership is closed, and no additional distribution-related messages will be responded to.

This also applies to BehindMLM. BehindMLM isn’t, and never has been, a tech support company for receiverships and trusteeships.

Overall, victims with authorized claims recovered 84 percent of their losses as a consequence of the Zeek Receivership.

We have now refunded a total of $371 million to the victims of the scheme with this last payout.

I am proud of the Receivership Team’s hard work, which has resulted in such a substantial return to the claimants.

Sincerely,

Successor Receiver Matthew E. Orso

To put the $371 million payouts in perspective, Zeek Rewards was a $900 million Ponzi scam (the SEC had previously estimated it at $600 million).

Zeek Rewards was reviewed by BehindMLM in September 2011. Zeek Rewards was eventually shut down by the SEC in August 2012.

Paul Burks (right), the guy of Zeek Rewards, was sentenced to fourteen years in jail in February 2017.

Burks is now being imprisoned at FCI Butner in North Carolina, a “medium-security federal penitentiary facility.”

Burks will be released on February 15th, 2028, at the age of 75.

This concludes BehindMLM’s coverage of Zeek Rewards. Thank you for taking the time to read this.

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