Last Friday, Mr. Ira Lee Sorkin, the famed Berney Maddoff attorney, entered his appernence on behalf of former Zeek Rewards top income earners Trudy Gilmond & Kellie King. The goal of Mr. Sorkin as demanded by his clients Gilmond & King is to dissolve the Receiver, Kenneth Bell’s Appointment, and to oppose Michael J. Quilling’s Motion to be appointed Representative for all former Zeek Rewards Affiliates.
I can see why Trudy Gilmond is a bit upset, when one sees this:
The preliminary ZeekRewards records that we have reviewed show that you received $1,367,850.10 from ZeekRewards but paid in only $3,105.00. Therefore, you received $1,364,745.10 of the money lost by victims that must be returned to the Receivership estate.
Jordan Maglich over at PonziTracker.com wrote it from an attorney’s perspective…
The motion, filed by famed New York criminal attorney Ira Lee Sorkin on behalf on Trudy Gilmond (“Gilmond”) and Kellie King (“King”), takes issue with the SEC’s determination that the fraud perpetrated by Zeek and its principals involved the sale of securities – thus bringing the operation under the ambit of federal securities laws. King and Gilmond are currently being pursued by the court-appointed receiver, Kenneth Bell, for over $1.5 million in “false profits” they received from the scheme based on an original investment of $4,597 – thus giving them plenty of incentive to seek the requested relief.
Patrick Pretty of PatrickPretty.com stated it a litle differently…
The motion by Sorkin potentially puts Gilmond and King at odds with positions taken by Quilling clients and potential Zeek clawback targets Dave Kettner, Mary Kettner and David Sorrells. The Kettners and Sorrells, for example, moved to have Quilling appointed examiner. The Kettners and Sorrells potentially have a combined clawback exposure of nearly $2 million, according to court filings. Zeek records, according to letters from Bell cited by the trio, suggest Sorrells received $945,539 from Zeek while paying in only $1,695. Dave Kettner received $537,577.95 while paying in only $1,378, and Mary Kettner received $465,866.67 while paying in only $1,495.
So, what does this mean to the average Zeek Rewards affiliate? It could mean you will not get your full refund, due to the fact we now have at least three law firms which charge hundreds of dollars per hour for their attoreys are now fighting each other; one to collect as much as possable for the “victims aka net losers”, and two fighting for the “net winners.” But, since the net winners are now fighting each other, this could get expensive. Now since the Final Liquidation Plan is due today, we will know far more as this week moves forward. But for now I can tell you I doubt we will see any refunds issues through the courts before the first quarter of 2013.
Who is Super Attorney Ira Lee Sorkin
A trusted confidant and vigorous protector of his clients’ rights, Ira “Ike” Sorkin has established a national reputation as the lawyer to call when confronted with a regulatory investigation. Thriving on the adversarial process, Ike has built respect among peers, the judiciary and regulators for his solid judgment, intelligence and depth of experience honed over a career spanning more than four decades. All of this works to his clients’ advantage as he guides them through an often treacherous process.
Ike’s practice is unique, and he is acknowledged as one of an elite group of lawyers who can skillfully steer white collar clients through the complex process of an investigation. Ike focuses his practice on white collar criminal defense, SEC enforcement and other regulatory investigations and proceedings, internal investigations, corporate governance, FINRA defense, and criminal and civil litigation.
He is well positioned to counsel clients in these areas, given his unique background as one of a handful of lawyers to have served in senior positions at the United States Attorney’s Office in New York (Deputy Chief of the Criminal Division for the Southern District), at the SEC (Director of the SEC’s New York office) and as the Chief Legal Officer of a member firm of the New York Stock Exchange (Nomura Holding America, Inc., and Nomura Securities International, Inc.).
Ike is the Emeritus Chairman of the Board and former Chairman and President of the American Friends of the Hebrew University of Jerusalem, a member of the university’s Board of Governors and a member of the university’s Executive Committee. He also volunteers as a tutor for underprivileged inner-city elementary school students on the Lower East Side.
Some of his more famous cases…
After Mr. Madoff’s victims finished speaking, Mr. Sorkin stood up and said the government’s request for a 150-year sentence bordered on absurd. He called Mr. Madoff a “deeply flawed individual,” but a human being nonetheless. “Vengeance is not the goal of punishment,” Mr. Sorkin said. Even with a lesser term, Mr. Sorkin added, Mr. Madoff expects to “live out his years in prison.”
“The case was one of the most significant in the U.S. government’s battle against terrorism. It pitted the United States against Monzer al-Kassar, one of the world’s most successful—the prosecutors would say notorious—arms dealers. Whether it established any significant legal precedents would be left for the appellate lawyers to debate. But its outcome would certainly set the tone for the new Obama administration’s undercover strategies.
Each of the defendants has his own attorney. Al-Kassar is represented by Ira Lee Sorkin: well dressed, white-haired, apparently in his early sixties, comfortable in his role. (And yes, he’s the same guy who will go on to represent Bernie Madoff.)
Sorkin’s opening argument is simple—and has us dropping our jaws. For he claims that while the DEA thought it was snaring al-Kassar in its sting, al-Kassar was actually working with Spanish intelligence to snare the supposed FARC terrorists. In short, a double sting!” Read Full Story!
You can also review other 3rd party resources available from Wikipedia. Links to the filing can be seen below.
MOTION for Leave to Appear Pro Hac Vice as to Ira Lee Sorkin Filing fee $ 276, receipt number 0419-1869024. by Trudy Gilmond, Kellie King. (Terpening, William) (Entered: 12/14/2012)
MOTION for Leave to Appear Pro Hac Vice as to Amit Sondhi Filing fee $ 276, receipt number 0419-1869030. by Trudy Gilmond, Kellie King. (DeAntonio, Matthew) (Entered: 12/14/2012)
MOTION to Intervene and for an Order Dissolving the Appointment of a Temporary Receiver and Memorandum in Support Thereof by Trudy Gilmond, Kellie King.Responses due by 1/2/2013 (Attachments: # 1 Exhibit Exhibit A – King Declaration, # 2 Exhibit Exhibit B – Gilmond Declaration)(DeAntonio, Matthew) (Entered: 12/14/2012)
MEMORANDUM in Opposition re 77 MOTION to Appoint Attorney ad Litem /Examiner for Affiliates by Trudy Gilmond, Kellie King. Replies due by 12/26/2012 (DeAntonio, Matthew) (Entered: 12/14/2012)
In a developing story… It seems Fun Club USA aka zteam, aka Zeek 2.0 aka Zeek 2013 is moving their database of former Zeek Affilites to Offer Hubb! Oz at BehindMLM.com just broke a review on this company and the developments.