What started over the weekend with emails being circulated by David Kettner, that the SEC acknowledged that there are a couple of problems with the case against Rex Venture group. Has now made it to the desk of the Zeek Reward Reciever Kenneth D Bell, who denies these rumors “False information is being circulated by these claimants.” This backs up the information shared by Jordan D. Maglich of PonziTracker.com who published yesterday “SEC Admissions Of Weakness In Zeek Case “Inaccurate”; Tactics and Motivations of Zeek Victim Group Questioned”
[quote]September 13, 2012
Many of you are asking what the Receiver has been doing since August 17, 2012. Among a great many other tasks required by the Court’s Order, we have made it the first priority to secure Receivership Assets. As of today we have secured nearly $300,000,000.00 in Receivership Assets. There may be tens of millions of dollars more of recoverable assets. This process will take time, and I ask your patience while we seek every recoverable dollar for victims of Rex Ventures Group LLC. While many of you are understandably anxious to begin the claims process, we simply can’t do that until we are reasonably certain we have recovered all assets from which victims can be compensated. This process will take months, if not longer.
Among those from whom we intend to recover assets are those affiliates who took more out of Rex Ventures than they put in. Many of you received little or nothing from this enterprise. In order to make everyone as whole as possible, those who profited from participating should surrender their gains.
We hope to soon post an information template for you to complete. This is not an official claim form, but it will allow us to begin collecting your information for future claims processes, and better enable us to communicate with you.
Finally, I read in many emails and web postings that some affiliates claim to have spoken to me or the SEC. False information is being circulated by these claimants. I have not spoken to any of those claiming to have done so. I will communicate with you through this web site. If I could answer all of the hundreds of thousands of emails and calls from you I would, but obviously I can’t. I also recommend that you consider only what the SEC posts on its web site for its position on this matter.
Thank you for your patience and support as we work for the benefit of all victims of Rex Ventures Group LLC. I commit to keeping you as informed as possible.
Kenneth D. Bell
You can learn more information by visiting ZeekRewardReceivership.com
Mr. Bell works in the firm’s rapidly growing Government, Regulatory and Criminal Investigations Department, where he represents clients on a variety of matters involving white collar crimes and business-related investigations. As part of his practice, he routinely represents Fortune 500 companies facing federal and state grand jury investigations.
Representation of Speaker of the North Carolina House of Representatives during federal, state and regulatory investigations.
Representation of a Fortune 500 company in federal grand jury investigation and civil securities litigation related to allegations of stock option backdating.
Representation of a national property and casualty insurance company in federal grand jury and civil investigations regarding federally insured program.
Representation of a national home builder and mortgage company in class action civil litigation regarding sub-prime mortgage issues.
Representation of a Big Four accounting firm during investigation by state agency of tax planning strategies.
Conducted internal investigation for major financial institution regarding commission compensation practices.
Representation of a principal of a hedge fund regarding a federal grand jury investigation.
Representation of a national construction company during federal grand jury investigation of municipal water project.
Representation of accountants and medical professionals before licensing boards.
Representation of officers and directors of financial and commercial companies during federal grand jury investigations.
Representation of major financial institutions, accounting firms and large corporations in matters of government and internal investigations.
Counsel of record for more than 100 cases before the U.S. Circuit Court of Appeals for the 4th Circuit.
Primary trial responsibility in more than 200 federal cases, with more than 75 jury trials.
Government investigations regarding commercial and financial frauds, Foreign Corrupt Practices Act, money laundering, public corruption, healthcare fraud, RICO, tax, terrorism, and environmental crimes.