Filing Period Ends For Victims In Zeek Rewards Ponzi Scheme

More than 170,000 victims of the Zeek Rewards pyramid scheme have filed restitution claims, but it's not clear how much they will get or when they will be paid.

The receiver overseeing the fallout from the scheme provided an update Friday, prompted by the end of the period for victims to submit claims to U.S. District Court for western North Carolina.

Charlotte attorney Kenneth Bell said 173,782 individual claims were filed for more than $550 million. Bell previously said he's secured more than $300 million in assets from Zeek Rewards.

When the U.S. Securities and Exchange Commission seized the assets of Zeek Rewards and its parent company in August 2012, it termed Zeek Rewards a $600 million Ponzi scheme on the verge of collapse.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 222747911 - witn.com/a?a=222747911
Gray Television, Inc.