Robert Craddock, a net-winner in the Zeek Rewards Ponzi scheme, confirmed regulators shut down his ZTeamBiz operations after more than a year of public resistance. Craddock had spent months rallying against the US government, promoting conspiracy theories, and promising the return of Zeek Rewards before the SEC and the Zeek Rewards Receivership took action.
On November 13, 2013, Craddock published a final posting on the ZTeamBiz website. He told "Fellow Zeeker's" that the site's goal was to assist Zeek Rewards participants and provide information on the Receivership. The message then directed users to the official zeekrewardsreceivership.com website, operated by Kenneth Bell, the appointed receiver for Rex Venture Group.
Weeks before this announcement, Craddock had promised followers he would "bring back the Zeek Rewards excitement." He also spoke of revealing a new "really good rev-sharing opp" for investment. His sudden reversal on ZTeamBiz suggested a cease and desist order from the Zeek Rewards Receivership.
Four months later, Craddock returned to the ZTeamBiz website. He confirmed his operations, and presumably himself, had "come under attack from regulators." This revelation followed a period where Craddock published varied misinformation since the Zeek Rewards shutdown.
Craddock also complained about "the critics," stating they "want to just publish false and negative opinions." Despite Zeek Rewards being a confirmed Ponzi scheme, Craddock claimed these critics "have consistently gotten it wrong and most people do not know what to believe." He then continued to target individuals he described as "those who do not know what to believe" with new pitches.
Craddock continues promoting new schemes, seemingly un deterred by the regulatory actions and his likely settlement with the Zeek Receiver, which would have required him to repay Ponzi winnings.
