In what is probably one of the more anticipated Zeek Rewards clawback efforts, Gerry Nehra is now being held accountable for his role in the $850 million dollar Ponzi scheme.

Filed on September 21st against  Gerald P. Nehra, Nehra and Waak, Gerald P. Nehra, Attorney at Law PLLC, Richard W. Waak and  Richard W. Waak Attorney at Law PLLC, the Receiver’s lawsuit is part of ongoing efforts to ‘
recover damages for the harms incurred by RVG
‘.

Zeekler has been focused on compliance since last year when the company hired the Nehra & Waak law firm to review every aspect of the Zeekler program to ensure all was in compliance.

Rex Venture Group was the parent company of Zeek Rewards, who Gerry Nehra very publicly represented.

In an attempt to justify the guaranteed 125% ROI Zeek Rewards initially offered investors,
said Paul Burks to a gathering of his top investors
in late 2011:

Nehra had done some legal research for me in the past with “Free Store Club” years ago.

Seven of our key players in Zeek Rewards had a relationship with him and wanted to get him involved, cuz he’s, he’s probably the number one MLM lawyer in the world.

Just having him on retainer and having him on our team, it goes a long way from keeping anybody from launching an attack.

Because generally when Gerry Nehra is involved, the Feds know that he’s cleaned up the act really well.

Meanwhile, according to the Receiver, the reality behind Nehra’s representation of Zeek Rewards was an exhibit of “willful, wanton, and outrageous” legal failure:

By virtue of their knowledge of RVG and ZeekRewards and their legal expertise, Nehra and Waak knew or should have known that RVG was perpetrating an unlawful scheme which involved a pyramid scheme, an unregistered investment contract and a Ponzi scheme.

Despite this knowledge, Nehra and Waak encouraged investors to participate in the scheme by knowingly allowing their names to be used in providing a false façade of legality and legitimacy and gave improper legal advice that allowed the scheme to continue far longer than it would have without the Defendants’ support.

To this day, how “the number one MLM lawyer in the world” failed to identify
the Zeek Rewards Ponzi scheme
defies belief.

Nehra and Waak’s improper and negligent actions, which breached their fiduciary duties to RVG and assisted RVG’s Insiders to breach their fiduciary duties, caused significant damage to RVG.

With their inside knowledge of multi-level marketing schemes and access to RVG’s Insiders, Nehra and Waak knew or should have known that insufficient income from the penny auction business was being made to pay the daily “profit share” promised by ZeekRewards.

The Defendants knew or should have known that the money used to fund ZeekRewards’ distributions to Affiliates came almost entirely from new participants rather than income from the Zeekler penny auctions.

Further, based on their inside knowledge and access, Nehra and Waak knew or should have known that the

🤖 Quick Answer

Who is Gerry Nehra and what is his connection to the Zeek Rewards case?
Gerry Nehra is an attorney who represented Rex Venture Group, the parent company of Zeek Rewards, an $850 million Ponzi scheme. The Receiver sued him in September for over $100 million, holding him accountable for his role in the fraudulent scheme and seeking to recover damages for harmed investors.

What was Zeekler's compliance strategy?
Zeekler hired the Nehra & Waak law firm to conduct comprehensive reviews of the Zeekler program to ensure full regulatory compliance. This occurred following increased scrutiny of the company's operations and its controversial guaranteed 125% return on investment model.

What is the Receiver's primary objective in this lawsuit?
The Receiver's lawsuit aims to recover damages for harms incurred by RVG

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