Zeek Recovery, update 1

On Sunday, our law firm first published a form to solicit information from anyone negatively impacted by Zeek Rewards and seeking answers.  In response, over the last 5 days, you and over 15,000 other individuals submitted personal information to us regarding the details of your investment.  The stories are heartbreaking.  While some of you were aware of the risk, it appears that the vast majority of you were simply trusting friends and peers who introduced you to Zeek as an investment opportunity.  Some of you cashed in your 401(k)s, some of you invested college tuition money, and others invested their life savings in search of investment returns.

Many of you are personally devastated.  “Ok, now what?”

Before assembling this list of Zeek participants, we thought our role in this process would be to “get involved” by charging a small fee to each of you for legal representation.  After much consideration and debate, the answer has become crystal clear.  You’ve been through enough and probably don’t want to spend anymore of your hard earned money at this point.

During the last few days, we’ve consulted numerous professionals, including a renowned class action attorney, a ponzi scheme specialist, and a bankruptcy and receivership attorney, regarding development of a strategy to seek recovery of your investment in Zeek Rewards.  At this point, the consensus is that there is no clear legal course of action that will yield a more favorable result for you than cooperating with the receiver.  We will continue to monitor the receiver’s actions closely and will notify you immediately if we think a different course of action is needed.

With this in mind, we’ve created the Zeek Recovery site, which can be a trusted resource to assist you during your journey through the receivership process.  As part of this endeavor, we’ve assembled a roster of professionals, all agreeing to provide information free of charge on the site, as follows:

Our Commitments

  • We’re never going to charge for the information on this site.  Based on what you’ve endured, it’s just not fair.  We’re going to provide the information, free of charge, no strings attached;
  • We’re never going to provide your information to anyone, ever.  The information that you submitted on the form and continue to submit will remain strictly confidential.  Our firm, Thompson Burton, has possession of the list, and we’re not going to provide it to anyone without your permission;
  • We’re going to make it easy for you to stay informed.  All updates will be sent via email, unless you unsubscribe from this list.  We will provide you with consistent updates on Zeek, including information about the claims process, interpreting messages from the receiver, explaining court filings, important deadlines, etc.  While the receiver has published a website, it will likely only include court filings and occasional updates.  We intend to dive deeper and help you make sense of it all with interesting articles and useful information.  The receiver’s website can be found here; and
  • We’re going to provide resources to help you complete the Proof of Claim Forms.  This is the most important document in the process.  If there are any discrepancies between the receiver’s data and what you report, it gives the receiver an opportunity to reject your claim and you may not get paid.  If you would like assistance with this part of the process, you can retain us for a small fee to assist you on an individual basis.

We are humbled by your responses to our online form, and we sincerely appreciate the trust that you have placed in us.  We’re deeply sorry for the struggles many of you are enduring, and we hope to shed some positive light during this time.