So, take a stroll down memory lane to remember all of our past Word of the Year selections.After careful analysis of RVG’s written and electronic records, extensive document review and numerous interviews with relevant witnesses, the Receiver has concluded that two attorneys hired by RVG (and their related entities) caused significant damages to RVG by their negligent and other wrongful conduct.Our Word of the Year choice serves as a symbol of each year’s most meaningful events and lookup trends.It is an opportunity for us to reflect on the language and ideas that represented each year.
Award prejudgment and post-judgment interest, costs and such other and further relief as the Receiver is entitled to recover.
but instructing Zeek Rewards affiliates to lie to the IRS? Calling a spade a spade, the Receivership holds Kaplan responsible for the perpetuation of Zeek’s Ponzi activities: If Kaplan had candidly disclosed the material fact that Affiliate income would be properly characterized by the IRS as capital gains, the obvious negative tax implications would have caused many Zeek Affiliates to remove their cash earnings from the program rather than reinvesting them, short-circuiting the scheme much earlier.
Since he did not, Affiliates were placated in their misguided belief that Zeek Rewards was a lawful program.
Proof that Kaplan was fully aware of potential compliance issues surrounding Zeek Rewards’ compensation plan is provided via email communications between Kaplan himself and Dawn Wright-Olivares, Zeek’s Chief Operating Officer.
In February 2012, Wright-Olivares wrote to Kaplan about “potential securities issues” with Zeek Rewards’ compensation plan.