How Do You Know If You Are Entitled to a Receivership From ZeekRewards?


Quick Answer

Investors who lost money through the ZeekRewards Ponzi scheme become eligible for a partial financial recovery by completing a claim and submitting it to the receiver. The receivership website has a status tracker that allows victims to track their claims and update contact information, according to ZeekRewards Receivership.

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Full Answer

Completing a claim includes electronically signing a release and certification, notes ZeekRewards Receivership. Payouts are made using a "rising tide" method, which means that people who invested the same amount in the scheme will receive the same amount back. Thus, if one person received a 40 percent return on his investment while the scheme was running, that person receives no additional payment until all the other investors have received 40 percent of their investments back. The first wave of repayments went out in 2014, and a second went out in 2015. Because of the "rising tide" method of repayment, some individuals with completed claims did not receive a payment in 2014.

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