ZeekRewards Receivership Website Goes Up

ZeekRewards Receivership Website Goes Up

ZeekRewards Receivership Official Site

On August 17, 2012, the Securities and Exchange Commission (“SEC”) filed a Complaint in United States District Court, Western District of North Carolina, Charlotte Division, against Rex Venture Group, LLC (“Rex Venture”) d/b/a ZeekRewards.com (“ZeekRewards”), and Paul R. Burks. The SEC alleges that Rex Venture and and Burks fraudulently offered and sold securities in an unregistered offering as part of a combined Ponzi and pyramid scheme.

On August 17, 2012, Judge Graham C. Mullen issued an Order appointing Kenneth D. Bell of McGuireWoods LLP as temporary receiver (“Receiver”) for Rex Venture Group, LLC d/b/a ZeekRewards.com. The August 17th order directs the Receiver to, among other things, take control and possession of and to operate the Receivership Estate, and to perform all acts necessary to conserve, hold, manage and preserve the value of the Receivership Estate.

At this time there is no claims process and no distribution. The Receiver is currently gathering ZeekRewards investment history and harmed investor information from the Defendants in an effort to facilitate the claims process and subsequent distribution to harmed investors.

This website will be the Receiver’s primary means of communicating with customers and the public. Please check back periodically for additional information.

Click here to see a press release from the Receiver.

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Kim Willis

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