Is Zeek Rewards a Pyramid or Ponzi Scheme?
- Thread starter corbin1000
- Start date
I didnt bother to read many of the post. I did however remember a story posted just a couple days ago about the SEC shutting down their penny auction site.
SEC Shuts Down Penny Auction Site Zeekler As A $600 Million Ponzi Scheme
In a move that sent shock waves through the Multi Level Marketing Industry, the Security and Exchange Commission (SEC) shut down Zeekler.Com and its affiliate website, ZeekRewards, on Friday, August 17, 2012. The SEC claimed the company was a $600 million Ponzi scheme, built on a pyramid that paid older affiliates from the revenues of new affiliates.
ZeekRewards had over one million active affiliates, all of whom have been unable to access their funds since the company was ordered to take down its websites late Thursday night. Affiliates will have to depend on the Federal government to recover their funds at a yet unspecified date.
Read more at SEC Shuts Down Penny Auction Site Zeekler As A $600 Million Ponzi Scheme
SEC Shuts Down Penny Auction Site Zeekler As A $600 Million Ponzi Scheme
In a move that sent shock waves through the Multi Level Marketing Industry, the Security and Exchange Commission (SEC) shut down Zeekler.Com and its affiliate website, ZeekRewards, on Friday, August 17, 2012. The SEC claimed the company was a $600 million Ponzi scheme, built on a pyramid that paid older affiliates from the revenues of new affiliates.
ZeekRewards had over one million active affiliates, all of whom have been unable to access their funds since the company was ordered to take down its websites late Thursday night. Affiliates will have to depend on the Federal government to recover their funds at a yet unspecified date.
Read more at SEC Shuts Down Penny Auction Site Zeekler As A $600 Million Ponzi Scheme
I personally know someone that was making $1,000.00 a day w Zeek. but the problem is, they had almost $40K in their account! I told them to pull it out less than 2 weeks ago. I said what if the whole thing goes south... 2 WEEKS AGO! no bull. anyway, they are out the 40K for the moment. If you ever hear ITS AN MLM or THIS ONE'S DIFFERENT.... RUN! RUN! FOREST! RUN! think of all the damage I coulda done with that cash... !
