Zeek Rewards Breaking News Updated December 11th 2012: NXPay Speaks Out Clarifying The Possable Release eWallets

We have stayed on this story because so many of you have come to trust the information we provide. I want to thank you for that. I know at times it has been frustrating to hear me speak of issues, you do not want to hear, while at other times making it clear I will not speculate on an issue. Many times I want to make sure we have the correct info, and not give you false hope or add to your already high frustration levels. Below is the most current info we have from NXSystems the parent company of NXPay. Plus I have placed links to the COURT ORDER allowng the Receiver the RIGHT to go after certified funds, and eWallets. Updated: December 11th, 2012 – NXPay Issues Statement! See Below

The below court documents on the case of SEC vs Rex Venture Group LLC dba ZeekRewards.com and Paul Burks, are very important in regaurds to the deposiiting of funds received after the closure of Rex Venture Group, LLC by the Secutities & Exchange Commission on August 17, 2012.

Over the last few weeks, much has been porpagated across the net, and since I am not an attorney, it takes me a while to contact the attorneys who do understand these laws, and to research the facts. But as I heard more and more about how the Receiver was doing things that court had not authorized him to do, I started thinking “can a receiver be that pompus to act above his given authority?” Well in doing some research, it appears the Receiver is acting well within the law and the orders of the court.

Please understand, laws can always be interpreted many different ways, as can the Order of the Court. But, based on the written words below, and the fact, that as of the publishing of this editorial, there has NOT been any motions filed to question the actions of the Receiver, it does lead me to feel, ALL the attorneys involved in this case, realize he is well within the authority of the powers granted him by the Court.

To Review ALL COURT DOCUMENTSClick Here

Agreed ORDER Appointing Temporary Receiver and Freezing Assets of Defendant Res Venture Group LLC. Signed by Senior Judge Graham Mullen on 8/17/12. (com) (Entered: 08/17/2012)

CONSENT JUDGMENT in favor of Securities and Exchange Commission against Rex Venture Group, LLC. Signed by Senior Judge Graham Mullen on 8/17/12. (com) (Entered: 08/17/2012)

CONSENT JUDGMENT in favor of Securities and Exchange Commission against Paul R. Burks. Signed by Senior Judge Graham Mullen on 8/17/12. (com) (Entered: 08/17/2012)

MOTION to Amend/Correct 4 Order by Receiver for Rex Ventures Group, LLC.Responses due by 9/10/2012 (Attachments: # 1 Proposed Order)(Bell, Kenneth) (Entered: 08/24/2012)

ORDER granting in part and denying in part 14 Motion to Amend/Correct 4 Order. Signed by Senior Judge Graham Mullen on 8/30/2012. (eef) (Entered: 08/30/2012)

Now as for the current issues of the eWallets, here is the most current information from NXSystems the parent company of NXPAy. I have edited the name of the individual who sent this to me. Outside of that one edit, all the rest of this email is as I received it.

NX Systems aka NXPay

From: NxPay® Notifications [mailto:no-reply@nxsystemsinc.com]
Sent: Wednesday, December 05, 2012 3:15 PM
To:(Edited By Troy Dooly For Privacy Issues)
Subject: 12/04 Update on Your NxPay Account

Note: This email is being sent from an unattended account. Please do not reply to this email.

12400 S.E. Freeman Way, Suite 100, Portland, OR, 97222

Office: (503) 513-9900 Fax: (503) 659-5022

December 04, 2012

IMPORTANT INFORMATION ABOUT

YOUR NXPAY ACCOUNT

Dear ZeekRewards Accountholder:

In the last few weeks, several statements have been released by various individuals and/or entities regarding your NxPay® Account. These statements were not issued by our company and unfortunately may have caused some unnecessary confusion. We sincerely apologize for any inconvenience the release of these statements may have caused you.

Please understand that we have been working diligently with our bank, third party payment processors, the Securities Exchange Commission, the U.S. District Court, and several attorneys for the past few months to make available any funds due to you from the usage of your NxPay® Account. Be assured, if funds are due to you in connection with your NxPay® Account, most likely those funds will be available to you within the next two (2) weeks.

Please keep in mind the following important points when your funds do become available. First, only the funds that you placed onto your NxPay® Account that were not subsequently used to purchase bids through ZeekRewards will be available. If you believe you are entitled to refunds, commissions, or any other payments from ZeekRewards, you should file a claim through the website www.zeekrewardsreceivership.com.

SECONDLY, IF YOU HAVE ANY QUESTIONS OR CONCERNS, WE ENCOURAGE YOU TO USE OUR CUSTOMER SUPPORT CHATLINE (SEE INSTRUCTIONS BELOW). THIS IS A FREE SERVICE TO YOU AND YOU WILL GET A MUCH FASTER RESPONSE. ON THE OTHER HAND, DUE TO EXCESSIVE VOLUME, YOU WILL RECEIVE A MUCH SLOWER RESPONSE BY CALLING OUR CUSTOMER SUPPORT HOTLINE AND IT WILL COST YOU $2.00 PER CALL.

For now, your NxPay® Account is temporarily frozen. However, when your funds become available we will send an announcement out to all of our NxPay® Accountholders notifying them of the availability of funds in their NxPay® Account.

We apologize that this process has been long, arduous, and fraught with many unexpected delays and complications, but rest assured we are doing all that we can to expedite this process. We value your business and want you to know that what happened in regards to your NxPay® Account is not typical of the customer service associated with NxPay®. We continue to be committed to providing you and all of our customers with the highest standards of service in the financial services industry.

To reach our customer service department, please visit http://support.nxpay.com

In summary:

  • Due to excessive call volume, please visit support.nxpay.com rather than phone in; if you elect to call in, please note that there is a $2 fee per call per our policies.
  • We are in the final stages of reconciling all funds and anticipate a return of all funds soon, but please allow up to two weeks for the funds to be made available.
  • If you believe you are entitled to additional funds not included in this reconciliation, please contact the court appointed receivership at www.zeekrewardsreceivership.com

From all of us in the NxPay Support Team, we truly appreciate your patience during this reconciliation process.

This E-mail is covered by the Electronic Communications Privacy Act of 1986 (ECPA) (18 USC §§ 2510-2521 (1998) and is legally privileged. This communication and any attachments may contain confidential and privileged information for the designated recipient(s) named above. If you are not the intended recipient(s), you are hereby notified that you have received this communication in error and that any review, disclosure, dissemination, distribution or copying of it or its contents is strictly prohibited. If you have received this communication in error, please notify the sender and destroy all copies and any attachments associated with this communication.

This email is being sent to you based on a prior relationship with NxSystems, Inc. in order to inform you on the status of your NxPay® Account. To ensure that you properly receive any and all communications, please add support@nxsystemsinc.com and no-reply@nxsystemsinc.com to your safe senders list.

NXPay Email Blast

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12 thoughts on “Zeek Rewards Breaking News Updated December 11th 2012: NXPay Speaks Out Clarifying The Possable Release eWallets”

  1. What I cant seem to understand is, when hopefully all the money, or most of it, gets collected, how would they distribute the money? Do we have to file a form or something of the sort?

  2. @Joseph,

    You do not have to hire any attorney and so far from what the Receiver has stated he has collected about 50% of the money and is going after the other 50% so you can be made whole.

  3. i shouldnt have to hire a attorny for my own money wtf is thati put my money into this company and trusted it and it robbed me i shouldnt have to put out no money to get my own money back thats crazy just return my funds there rightfully mine NOT YOURS!

  4. It’s always easy to demonize the receiver and to pretend there is something noble about “programs” such as Zeek.

    But HYIP schemes cause unqualified pain and misery.

    Here is a case from Florida in which not even the state’s famous Homestead Exemption could protect an innocent party who received ill-gotten gains from a Ponzi scheme.

    http://caselaw.findlaw.com/us-5th-circuit/1526330.html

    PPBlog

  5. @Bill,

    Thank you for your insight. This is a news sight, and as such, we can’t just cover the good stuff. Over 2.2 million people were directly effected by what happened to Zeek, and many of them have come to rely on the fact we covered this story more than anyone. To stop covering it just because the SEC took control of it, would not be ethically right and very irresponsible of me.

    We do cover far more positive and uplifting news than critical, but at times both will show up on this site. Now over a BeachsideCEO.com and at HomeBusinessRadioNewwork.com all we cover is positive info and news that helps people grow their current business whatever that might be.

  6. @Take It Back To Court,

    Hmmm… It always mazes me when someone takes time to comment, who truly has not read the court documents. Let’s take a look at some of the things you have mentioned.

    1. You do not think any of the net winners have any money left. I know of thousands who have money left. Many of my friends who were in Zeek were there to make money and they made hundreds of thousands of dollars. Several have already hired attorneys and are working with the Receiver.

    Some of the other net winners are already millionaires from other businesses and former ponzis they have been a part of. They also have hundreds of thousands and in a couple of cases millions left from Zeek.

    2. It is strange that folks want to say the “Receiver is dragging his feet” when just a few months ago, many top-level Zeek Affiliates comments in this blog, at Zeek Rewards News, in the forums and on other sites stating the ponts were messed up, customer service could not answer support tickets, the sites were always up and down due to hacking, maintenance etc. And the biggest issues we saw over and over was the fact, folks complained their $10K was not credited to their account or was slow to be credited. Which if you remember was why folks started driving hundreds of thousands of dollars at a time for their teams to the Zeek offices. And you want to say the Receiver is dragging his feet. What took 18 months to accumulate, and you want to act as if an outside Receiver and his team should be able to unravel it within 120 days?

    And have you read the Receiver’s statement where he shows the amount of discount he and the other folks working on the issues have gladly given to the estate. They are not milking the Estate, they are preserving it, and in his Oct letter made it very clear he is looking for 1005 restitution if at all possible.

    Read the facts before you comment, so at least you can know if your comment will hold in a logical argument.

    3. Penny Auctions are legal. As for your claim on “squeaky Clean, you had better go back and read the facts. The NC DOJ is the one who put a complete recording up on Zeek Rewards and issues the CID (Civil Investigative Demand) asking questions and wanting to see how Rex Venture Group was operating. There are several editorials and hundreds of comments on that specific subject right here in this community for you to review.

    4. You are 100% correct I said it was exciting and a dynamic business model. I also made it very clear there were issues, and I first shared my concerned Dec 2011 one year ago. During the next eight or nine months I worked my hardest with Zeek leadership to fix the issues I had seen so that real customer dollars would be fueling the RPP. Again we have many editorials on those issues and hundreds of comments.

    I did support the Zeek affiliates and wanted to really see what was being called a new compensation structure work. From all I was shown the Exact Marketing Method Paul Burks created was said to give the majority the ability to earn money. Now that the facts have been presented, it seems 800,000 did not get more than they put in, and 100,000 did. That is about the same as with any industry and is not a new business model. The difference is that when 100,000 people are the minority they still have a loud voice.

    5. I do not remember reading anything that Kevin Thompson has ever said about being excited about BidiFy. I do know he is their attorney and I also know he worked very hard to get them legal in the USA, and to get them to change their compensation structure. I also know he did an interview with Frode on BidiFy.

    Again, not one has questioned Penny Auctions, and if you read the court documents, the regulators do not question the legality of penny auctions. However, in the case of Rex Venture Group, the penny auction was not generating enough revenue to justify the RPP, that was fueled by affiliates buying bids to give away.

    And if you remember, when the credit card fraud hit ALL sites had the ability to use credit cards taken away. That means for those who might just be customers who did like penny auctions, they would have to set up eWallets to even buy bids. That extra step more than likely drove away some customers, and others may now have their funds tied up in court.

    6. By the way I never once said Zeek was Legit! And I even shot a video stating I would NOT join Zeek! However, I was also very clear, I felt based on the time I invested with them, and met the leaders at corporate that I felt they were working hard to clean up all the issues. I stand by those statements, based on what I saw ans was told. I also believe had Greg Caldwell been brought in sooner as acting COO, he might have been able to turn the ship.

    So, you can lay blame on others if you want. But at the end of the day, you have to wait all the evidence that was presented and is still being presented. Had any of us working closely with corporate would have thought, the regulators were going to move in and shut down Zeek, many of us would have said something. But as the facts have shown, Paul Burks kept that close to the vest, then outside of Him telling us, we would not know.

    7. If anyone is talking about a Judge looking at the Zeek case again, then they are pulling the wool over people’s eyes, or they have not read the Judgements!

    8. By the way your argument on the $50 million will not hold up in a logical argument. A company with $500,000 million is still a small company in America. If you argument had any merit to it, then all companies would get hit at a certain level due to the size of the pot. Now outside of taxes that doesn;t happen. And while we are on it, I was very clear I did think the regulators would tax penny actions in 2013 under the new online gambling bill. Because… there is far more money in taxing companies than shutting them down!

    And the investigation into Zeek started in March of 2011 and the SEC received from Paul Burks over 100,000 documents. That my friend is a pretty solid investigation before they asked him to shut it down! So whoever told you it was a week, lied to you or does not know the facts.

    9. The receiver does continue to move forward and to date has collected hundreds of millions in assets, and only charged the Estate between $750 and $800 thousands… you do the math. The Estate is hundreds of millions ahead, which means the net losers “victims” stand to get back over 50% of their money and maybe 75% to 100%.

    10. As for an independent Judge… you do know the Judge overseeing this case, was not the original judge? This case was appointed to the current Judge who was independent! I have posted every public court document for you and others to read so you can be fully aware of all that has and is happening in this case.

    11. ROFLOL… Bloggers… Well sport, I do not have any skin in this game, except as is our #1 priority with any company we cover, and that is to make sure we provide all the facts we can find and to provide a solid editorial of those facts. And over the last year, I have covered this story deeper and longer than anyone. The facts are this… if it was not for bloggers who take a personal interest in the people they serve, you would not have the ability to see both sides of this issue.

    12. You are partial correct when you say some of the winners and losers are not to blame. You would have been 100% correct had you stated, NOT all of the winners and losers are to blame. But, sir there are some on both sides who are to blame. They promoted Zeek Rewards so far out of compliance that regulators in several countries, and states were looking into Zeek Rewards.

    As for the NC DOJ… They only issues a CID the lowest level of an investigation. The Securities & Exchange Commission is the one who started the investigation into Zeek months before. At least get all the facts, then state your opinion on those facts.

    In closing thank you for commenting, it does add value to this conversation. But, make sure the facts you state are correct. During the last 12 months, there were plenty of critics to Zeek Rewards who posted in this community daily. I count many of them as constituents who saw Zeek Rewards far different then I did. Yet, I knew their insight was needed to provide a balanced view of things. In the end, they were right, and I have learned far more from them than they have from me. But for you to act as if all you ever read in this community was peaches and cream is totally fabricated.

  7. I don’t think there are ANY net winners with any money left!!!

    Why the receiver is spending net losers money going after money that is no longer there ???

    Obviously the receiver is dragging this process out and booking maximum fee’s and man hours, while charging his fees to the net losers

    I remember many distributors calling the North Carolina AG & DOJ for their opinion on Zeek Rewards.
    They constantly replied…”Penny Auctions are legal”…or “Zeek Rewards is Squeeky Clean”

    Troy YOU YOURSELF said Zeek Rewards was a exciting and dynamic business model to the home based business arena, and supported it

    Even your Budddy Kevin Thompson was excited about Bidify and became their acting lawyer.

    See the problem was Authority Agencies and top industry advocates, Bloggers etc, all said to us everyday people that Zeek Rewards was a good legit opportunity…over and over again!

    Many still say it is still legal and nothing should be done till a judge looks at the whole situation again.

    Obviously when any company has a pot of 500 Million, some lawyer or receiver finds some way to convince a Judge that he should have the power to stop its business operations, without real careful examination that could possibly take months…they had it shut down to their liking in a week.

    Meanwhile the receiver continues to push forward with his current legal rights and bill the net loser daily for his findings…

    I think it is time to get a independent judge to review all of the Zeek business asap, or divvy up whats left for the net losers and all move on…dragging this out only help the receivers hourly billing

    They only people left to feed on the carcass is Lawyers, Receivers and Bloggers…This is TRUE!

    The winners and losers are not to be blamed…its the North Carolina DOJ & AG, not to mention all the news channels that said this was legal in the first place

  8. Troy just leave Zeek behind mate. You are flogging a dead horse. Just concentrate on other businesses that are doing well and promote them well.

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