The Zeek Receiver has filed for summary judgment against the scheme's net winners, asserting that Zeek Rewards operated as a classic Ponzi scheme. The Receiver’s filings detail how the vast majority of funds paid out to "winners" originated from other participants, not legitimate business profits.

Over $900 million flowed into Zeek, yet only about $10 million, or 1.1 percent, came from actual retail purchases. The bulk of the money arrived through the sale of "VIP bids" and "subscriptions," the scheme's internal currency. Nearly all of these payments, over 93 percent, were made by participants who ultimately lost money.

Two principal figures behind Zeek Rewards have already pleaded guilty to criminal charges and admitted the operation was a Ponzi scheme. The evidence presented by the Receiver leaves little doubt about the fraudulent nature of the business. Even an expert hired by the defendants conceded there was no evidence disproving Zeek’s operation as a Ponzi scheme.

Victims of Zeek were forced to pay $35,000 for this expert analysis, which ultimately failed to undermine the Receiver's claims. Armed with this finding, the Receiver has now moved for summary judgment against those who profited from the scheme. These net winners received over $282 million in total winnings, with some individuals collecting more than $1 million.

Prominent net winners named in the Receiver's lawsuit who have not yet settled include Jerry Napier (over $1.74 million), Durant Brockett (over $1.72 million), Darren Miller (over $1.63 million), and Rhonda Gates (over $1.42 million). T. Le Mont Silver Sr. and his wife Karen Silver, along with entities they control, received substantial sums, as did Aaron and Shara Andrews and their company Innovation Marketing, LLC. David and Mary Kettner and affiliated companies also appear on the list of large net winners.

Default judgments have already been entered against several other net winners, including Michael Van Leeuwen, Todd Disner, David Sorrells, and Trudy Gilmond and Trudy Gilmond, LLC.

Berkeley Research Group was authorized in September 2015 to serve as an expert witness for the class of Zeek net winners. The Receiver’s expert, FTI Consulting Inc., led by Senior Managing Director David Turner, analyzed Zeek's financial and accounting data. Turner's report concluded that approximately 97 percent of funds entered Zeek through payments for VIP bids and subscriptions from affiliates.