Vultures Preying On Zeek Victims

Posted by on Sep 14, 2012 in Archive | 0 comments

Before the dust had settled on the landmark Zeek Rewards closure, the vultures had already started circling.  They went after Zeek members inviting them to come join their program de jour to make up for the lost revenue they just experienced with Zeek’ closure.  This happens every time one of these Ponzi’s is taken down, and of course they claim they are offering humanitarian compassion to Zeek members.  Sadly they just see dollar signs from new recruits to their program de jour. The North Carolina Attorney General issued a warning on their website about being targeted for Reload Scams.  You can read their warning here:  http://www.ncdoj.gov/News-and-Alerts/Alerts/Watch-out-for–reload–scams.aspx Within 48 hours of the closure of Zeek I had counted at least 12 different “opportunities” being pitched to Zeek members to come and join them to recoup their money.  Of these programs they were offering Zeek members to join, eight of them were Ponzi’s themselves, and the rest were other MLM programs. Nothing like jumping from the frying pan into the fire.   These people have no shame. But the lowest of the low has been a group called ZTeambiz, who I call the gang of 12, who claimed they were going to hire a lawyer to file suit against the SEC challenging the SEC actions and Paul Burks Agreement.  They claim they can prove that Zeek was not a Ponzi and the SEC action can be overturned.  Now if they had just stopped there, I could care less.  But what you need to know is this is the same tactic that was tried in the ASD case back in 2008-2012.  There were over 90 of these cases brought to the court trying to sue the government over the closure of ASD.  All were denied because they did not have standing.  The only person in ASD that had “standing” was Andy Bowdoin. The only person who has “standing” in the Zeek case is Paul Burks.  It is a waste of money and the courts time to file these frivolous lawsuits. What you need to know is that the major members of ZTeambiz were Diamond Affiliates (the major promoters of Zeek), and the ones who were being paid millions of dollars per month by Zeek.  So rather than them put their money where their collective mouths are, they solicited Zeek members to join them and help defray the cost of their legal expenses.  But the Zeek member was not to pay the attorney, but pay them to be part of the group.  They formed the Fun Club USA for the purpose of receiving donations.  If you do not pay the attorney, you do not have a client-attorney relationship.  Only those who paid the attorney...

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Zeek Rewards Shut Down By SEC/Secret Service

Posted by on Aug 21, 2012 in Archive | 0 comments

On June 5, we issued a warning about Zeek Rewards and provided our readers to two blog articles that were analyzing Zeek Rewards/Zeekler. We felt these two blog articles were a must read for any member of Zeek as well as anyone considering joining.  We pointed out that since Zeek was a MLM program, this was not in our area of expertise. Due to the demand from my appearance on the Frank Pastore radio show on KKLA-FM, we felt we should do our own review of Zeek in addition to providing the links to the articles. Since appearing on Frank’s show, and posting the Warning on our website, the majority of our inquiries were about Zeek.  Our analysis said this was a disaster waiting to happen, and we began warning anyone who called or E-mailed us to not join Zeek, and if you were in Zeek to get your money out as soon as possible. On Thursday, August 16, Zeek abruptly closed its business office in the middle of the afternoon, had their locks changed, and placed a sign in the front window the office would be closed the rest of the week.  Then on Friday morning it was announced that the SEC/Secret Service had shut-down the entire operation of Zeek, and had frozen all their bank accounts around the world and all assets. Here are the official documents regarding this closure: SEC Press Release: http://www.sec.gov/news/press/2012/2012-160.htm The SEC Complaint: http://www.sec.gov/litigation/complaints/2012/comp-pr2012-160.pdf Court Appointing Receiver: http://www.ponzitracker.com/storage/order.pdf We highly recommend that you read the entire SEC Complaint so you have an understanding of why this action was taken.  You may contact us for any additional questions you may have by E-mail.  We request no phone calls due to the volume of requests we believe we will receive. We will answer all E-mail requests. Send your E-mail to: eagle@eagleresearchassociates.org.  Your phone number is not needed, just enter 10 numbers.  Please be sure to use a valid E-mail address for us to...

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ASD Evidentiary Hearing

Posted by on Jun 29, 2012 in Archive | 0 comments

“NOTICE of Hearing: A two-day Motion Hearing in re [7] is set to commence on 9/30/2008 at 9:30 AM in Courtroom 2, main building, 2nd floor, before Judge Rosemary M. Collyer. “Upon consideration of the request by Claimants AdSurfDaily, Inc. (“ASD”) and Thomas A. Bowdoin for an evidentiary hearing to challenge the Government’s opposition to the pre-trial release of seized funds, see Dkt. # 7, as well as the Government’s non-opposition to the request for an evidentiary hearing, see Dkt. # 19, the Court finds that it is in the interests of justice to grant the Claimants’ request for an evidentiary hearing. “Accordingly, it is hereby ORDERED that ASD’s and Thomas A. Bowdoin’s motion for an evidentiary hearing is GRANTED. It is further ORDERED that, pursuant to 18 U.S.C. § 983(f)(5), the scheduling of an evidentiary hearing regarding the pre-trial release of seized funds establishes good cause for extending the time for the Court to render a decision on the Claimants’ emergency motion for return of seized funds through the date of completion of the evidentiary hearing, at which time the Court shall determine whether further extension is necessary while the Court takes the motions under advisement. “It is hereby ORDERED that the Deputy Clerk of the Court is directed to schedule an evidentiary hearing on the Claimants’ emergency motion. Signed by Judge Rosemary M. Collyer on 09/18/08. Indinavir...

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Criminal Charges Filed in ASD Case

Posted by on Jun 29, 2012 in Archive | 0 comments

LATEST INFORMATION REGARDING ASD On December 17, 2010, defendant Thomas Anderson Bowdoin Jr., also known as Andy Bowdoin, (“Bowdoin”) was arraigned on a seven count indictment charging him with: Five counts of Wire Fraud (18 U.S.C. § 1343), One count of Securities Fraud (15 U.S.C. §§ 78j(b) and 78ff)) and One count of Unlawful Sale of Unregistered Securities (15 U.S.C. §§ 77e(a)(2) and 77(x)). There has been no trial date set for Andy’€™s criminal trial in Washington, D.C. Andy had requested a change of venue for his criminal trial from Washington, D.C. to Tallahassee, FL. This motion was denied. No appeal of this denial has been filed at this time. Andy’€™s previous appeals of his rescission of the Forfeiture in Rem, and to overturn Judge Collyer’€™s ruling in the Final Order of Forfeiture were both denied by the appellant...

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Why Bringing ASD down saved the participants, whether they know it or not – Greggory B. Evans, PhD

Posted by on Jun 29, 2012 in Archive | 0 comments

The members of internet ponzi scheme Ad Surf Daily ASD Cash Generator are a pretty vocal crowd, and some of them have active imaginations, too. The root cause if this is, like many internet scams, ASD preyed upon people who have an incredible ignorance about business in general and how “real companies” work in particular. Read their own support chat room and you find all manner of “evil government took down a perfectly legitimate company that no one had complained about” themes, some of them absurd enough to claim the prosecutors have in fact admitted they made a mistake but didn’t put it in writing and they’re going to go ahead and put President Andy Bowdoin in jail, simply because they can’t find a way out of the mess without losing face. Let me make this as plain as I can, ASD was a cheap ponzi scheme, new members money was used to pay older members (and of course, Andy managed to skim a few million for himself), there was no outside income and despite a clause in their Terms of Service that did not guarantee rebates, there were in fact at least three references to these payments that could and were construed to conflict with that. Legally, as soon as one dollar of new member money was paid to an older member, they broke the law, case closed. ASD has made a very public fight in the courts, but it’s only impressive to those unschooled in the law, at least one of the major motions filed is the brunt of jokes on a website frequented by attorneys who practice before the federal bar, one lawyer describing it as “read as though they were written by a Christian Scientist with appendicitis.” These filings are clearly intended for the unschooled masses and no one who was ever admitted to the bar thinks they have much chance of prevailing. The “Emergency Motion” filed to release seized funds asked the court to grant an evidentiary hearing, which the government chose not to oppose. The real comedy started when the court then issued subpoenas for the hearing that ASD asked for, only ASD through counsel decided to file to quash these subpoenas and claimed if ASD management was compelled to appear they would exercise their 5th amendment rights and refuse to answer questions. The faithful, as is typical of several of these financial cults of late, somehow managed to paint this train wreck as a quasi-victory, or explained it away as a government plot to entrap the good people in management, one going so far as to say “Andy is too honest to testify”. You can’t make this stuff up, pure stupid on...

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