ZeekRewards Up-Date: Will Dawn Wright-Olivares testify against Paul Burks? – $1.25 Lead Generating Inside!

March 18, 2016 Facebook Twitter LinkedIn Google+ MLM & Affiliate Marketing News

Zeek Rewards Paul Burks Scam Alert

Will Dawn Wright-Olivares testify against Paul Burks?

Posted: 17 Mar 2016 12:46 AM PDT

Zeek Rewards mastermind Paul Burks’ criminal trial is only a few months away. Increasingly, the legal showdown looks like it’s going to pit scammer against scammer in a battle royale. The latest suspicions that former Zeek Rewards management will be pitted against him, come no less than from Burks himself. Up until she went into [Continue reading…] Source: Will Dawn Wright-Olivares testify against Paul Burks?

Paul Burks, the former owner of defunct ZeekRewards, is asking a federal judge for access to sealed filings from a separate criminal case involving other officials accused of taking part in the alleged Ponzi scheme.

Burks’ attorneys say filings involving Dawn Wright Olivares, the chief operating officer of ZeekRewards, and her stepson, Daniel Olivares, the senior technology officer, are important to Burks’ defense.

Read the full article and join in the discussion over at BehindMLM.

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Zeek Rewards

On August 17, 2012, the U.S. Securities and Exchange Commission (SEC) filed a complaint against defendants Paul Burks and Zeek Rewards, based in North Carolina. Paul Burks ran Zeek Rewards, an investment opportunity that promised investors returns by sharing in the profits of Zeekler, a penny auction website. Money invested in Zeek Rewards earned returns of 1.5% per day. Investors were encouraged to let their gains compound and to recruit new members into a “forced matrix” to increase their returns. The SEC contends that this forced matrix payout scheme constitutes a pyramid scheme. New investors had to pay a monthly subscription fee of between US$10/month to $99/month and provide an initial investment of up to $10,000. The higher the initial investment, the higher the returns appeared. The SEC stated that the Zeekler website brought in only about 1% of the Zeek Rewards company’s purported income and that the vast majority of disbursed funds were paid from new investments. The SEC alleges that Zeek Rewards is a $600 million Ponzi scheme affecting 1 million investors, which would be one of the largest Ponzi schemes in history by number of affected investors. A court-appointed receiver estimated that the $600 million amount could be “on the low end” and that the number of investors could be as many as 2 million. Paul Burks paid $4 million to the SEC and agreed to cooperate with its investigation.

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