Jaymes Meyer sentenced to 15 mths prison for keeping Zeek Funds

19 minutes after an SEC agent informed him about an asset-freeze applicable to Zeek Rewards funds, Jaymes Meyer made a phonecall to
wire $4.8 million in stolen Ponzi funds
out of a Zeek Rewards trust account.

Meyer’s error in judgement cost him his freedom yesterday, with Judge Cogburn handing down Meyer a fifteen month sentence.

To his credit Meyer co-operated with authorities, even going to so far as to provide testimony to the DOJ regarding Paul Burks.

But Meyer’s cooperation only came about
after
he became aware he was under criminal investigation.

It was Meyer’s non-cooperation which landed him a criminal charge of obstruction of justice.

Put in his own words, or rather that of his attorney, Meyer’s account of what happened is as follows:

By the time the SEC informed Mr. Meyer of the fraudulent nature of RVG’s activities, his small business had expended significant energy in providing services to RVG, including by hiring 5 temporary workers to process RVG’s checks.

Mr. Meyer, who consulted legal counsel after being approached by the SEC, mistakenly believed that he was entitled to compensation for

his work regardless of the source of the funds or the allegations of the SEC and took improper steps to keep the money he felt he had earned.

After consulting with experienced criminal counsel, Mr. Meyer immediately recognized that this lapse of judgement was criminal and

accepted full responsibility for his actions.

He entered into a plea of guilty for obstruction of justice and very soon thereafter traveled from Northern California to Charlotte, at his own

expense, to provide information to the prosecutors as they prepared for the Burks trial.

In the same short time frame, he also settled with the court-appointed receiver, agreeing to forfeit assets purchased with money taken from the RVG trust account.

Left unsaid is the fact that by the time Meyer realized he was under criminal investigation, it was too late.

Mr. Meyer initially defended his transferring of funds and resisted the

collection of the RVG funds by the SEC and the United States Secret Service.

However, that was prior to his awareness of a criminal investigation.

Upon receiving a target letter and engaging experienced criminal counsel, Mr. Meyer cooperated with both the prosecutors and the

court-appointed receiver for RVG.

Meyer had effectively been
caught with his pants down
and was well and truly busted.

In a sentencing memorandum requesting he be spared prison, Meyer argued that his ‘
lack of knowledge or involvement in the underlying scheme, his unique personal history and family circumstances and his very low risk of recidivism
‘ warranted a probation sentence.

That didn’t convince Judge Cogburn, who handed down Meyer’s sentence at a hearing on August 23rd.

In addition to serving fifteen months, Meyer was
also ordered
to pay a $4.8 million dollar judgement.

Footnote: 
Our thanks to Don@ASDUpdates for providing a copy of Jaymes Meyer’s “Sentenci

🤖 Quick Answer

Who is Jaymes Meyer and what was his sentence?

What actions led to Meyer's criminal conviction?
Meyer attempted to wire stolen Zeek Rewards funds nineteen minutes after SEC notification of the asset freeze, subsequently obstructing justice by initially refusing to cooperate with authorities before later providing testimony against Paul Burks.

Did Jaymes Meyer cooperate with law enforcement?
Meyer eventually cooperated with federal authorities and provided testimony to the DOJ regarding Paul Burks; however, his initial non-cooperation resulted in an additional obstruction of justice charge.

🔗 Related Articles

- TelexFree exit strategy thwarted, millions recovered
- Talk Fusion terminate top ranked affiliates, lawsuit filed
- 1044Pro Review: Forced purchase Karbolyn energy bars
- FBI investigating USFIA GemCoin Ponzi scheme (John Wuo?)
- $1000 bounty offered for Glenn Arcaro and CryptoNick’s whereabouts