REPORT: SEC Moves Against ‘TrafficMonsoon,’ Calls It A Ponzi

Feds say Utah ‘Ponzi’ scheme took in $207 million from around the world

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The SEC has filed a lawsuit against the Traffic Monsoon “program” and called it a Ponzi scheme that had gathered $207 million, the Salt Lake Tribune is reporting. The assets of Traffic Monsoon and alleged operator Charles Scoville have been frozen, the newspaper reports. On June 1, the PP Blog reported that Payza — a payment […]

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EDITORIAL: With Conviction Of Zeek’s Burks, Another Senior MLMer Faces Prospect Of Decades In Prison

Patrick Pretty Zeek Rewards Authority Shares Deep Editorial With Info From ASDUpdate

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UPDATED 4:31 P.M. EDT U.S.A. Zeek Rewards was always inexcusably horrid, fueled by serial willful blindness and the sort of practiced disingenuousness that props up so many MLM “programs.” In dollar volume, Zeek ended up being more than seven times larger than the $119 million AdSurfDaily MLM Ponzi scheme that put ASD operator Andy Bowdoin in federal […]

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BURKS TRIAL: Government Has Rested, Docket Says

Paul Burks Founder of Zeek Rewards & Rex Venture Group

Prosecutors have rested their case against Paul Burks of Zeek Rewards, according to the July 13 court docket. Lawyers for Burks asked for an acquittal, but U.S. District Judge Max O. Cogburn Jr. denied the motion. It appears Burks now will proceed with his defense. The trial got under way July 5. Burks, 69, is […]

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ZEEK: Key Figures — And Paul Burks’ Defense

Founder Of Zeek Rewards, Paul Burks Trial To Begin

PatrickPretty

EDITOR’S NOTE: Prosecutors and Paul Burks are clashing over expert witnesses and the admissibility of certain evidence. The article below reproduces the anticipated core of Burks’ trial defense, as advanced by his lawyers. This article is not intended to be all-encompassing. Prosecutors, of course, have an altogether different take. They have posted the indictment against Burks […]

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URGENT >> BULLETIN >> MOVING: Zeek Receiver Moves For Summary Judgment Against Class-Action Clawback Defendants; Kenneth Bell Says Defense Expert Witness Has Found No Evidence That ‘Disproves That The Business As A Whole Operated As A Ponzi Scheme’

Kenneth Bell Says Defense Expert Witness Has Found No Evidence That ‘Disproves That The Business As A Whole Operated As A Ponzi Scheme’

Kenneth D Bell

URGENT >> BULLETIN >> MOVING: (3RD UPDATE 6:11 P.M. EDT U.S.A.) On virtually the eve of the criminal trial of Paul Burks, receiver Kenneth D. Bell has asked the court presiding over a huge class-action lawsuit against 9,400 alleged Zeek “winners” for a finding the MLM program was a Ponzi scheme. Such a finding would mandate […]

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Grand Jury Was Meeting When Some Zeekers Waged Misinformation Campaign

Federal Prosecutors In Zeek Reward Trial Question Veracity Of Burks’ ‘Handwritten Notebooks’

Paul Burks Founder of Zeek Rewards & Rex Venture Group

New filings by federal prosecutors in the criminal case against Zeek’s Paul Burks reveal that a grand-jury investigation was under way within days of the SEC’s Aug. 17, 2012, shutdown of the “program” and confirmation by the U.S. Secret Service that it also was investigating Zeek. Burks was subpoenaed by the grand jury on Aug. […]

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FEDS: Having Pocketed $11 Million In 2011, Burks Plowed Forward With Zeek, Despite Knowledge Of AdSurfDaily Ponzi Case

Did Paul Burks Know He Was Leading A Ponzi?

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“Rather, [Andy] Bowdoin manufactured the revenue numbers to deceive members into believing that they could reasonably expect to receive an average daily return on their investment with [AdSurfDaily] of at least 1%. This percentage in no way corresponded to the daily revenue that ASD was generating, but had been determined by ASD’s operators to be […]

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