Six years after the Zeek Rewards Ponzi scheme collapsed, the Receiver is still pursuing individuals who illegally profited from the fraud. On December 20th, the Receiver announced plans to sell outstanding judgments against these "net-winners" to debt collection firms. This move aims to finalize recovery efforts against those who benefited financially from the illegal operation.
The court has certified the final amounts owed by these individuals. Absent further settlements, the Receiver will engage specialized agencies to collect these debts. This means that those who profited from the scheme, even years later, may face persistent collection attempts. The process has been ongoing for five years since the scheme’s inception.
Victims of Zeek Rewards may see a near-complete recovery of their losses. The Receiver anticipates concluding the Receivership in 2018. A final distribution payment is planned, which should bring the total recovered amount for most victims to approximately 80% of their initial losses. This marks a significant step toward resolving the long-standing case.