As first reported by Behind MLM, Paul Burks, Dawn Wright-Olivares and Daniel Olivares have agreed to pay $600 million back to the Zeek Rewards receiver.
In his status report for the second quarter of 2014, Receiver Kenneth Bell has revealed that: By the filing date of this report, the Receiver had reached settlement agreements with Paul Burks, Dawn Wright-Olivares, and Daniel Olivares, pending Court approval.
Each of these defendants agreed to a consent judgment of $600 million to be satisfied with substantially all of their assets.
How the $600M figure will be paid back, in particular who is paying what amount, is unclear. Ditto how much of the judgement will be distributed to the scheme’s victims by the Receivership.
What is clear though is that it appears to be a lump sum, and after it’s paid – those primarily responsible for the creation and operation of the Zeek Rewards Ponzi scheme will have absolutely nothing left to show for it.
Full story: Behind MLM