SEC Shuts Down Zeek Rewards: Calls It A $600 Million Dollar Ponzi Scheme

SEC Shuts Down Zeek Rewards: Calls It A $600 Million Dollar Ponzi Scheme

The rumors are true my friends… The SEC came down hard on Zeek Rewards on August 16th 2012 by shutting down their operation. They came to find out that Zeek Rewards was actually a pyramid/ponzi scheme that was made to look like a penny auction site, being marketed through a word of mouth business model.

The CEO and President of Zeek Rewards Paul Burks has neither confirmed or denied the charges brought against him and his company, yet he has agreed to pay a hefty $4 million dollar penalty to the SEC.

The courts have appointed a lawyer to represent the people who were scammed by the company, and is working on managing the remaining assets and paying them back out to the distributors.

The company still apparently has over $225 million of investor funds being held in 15 foreign bank accounts. The fact that much money was held in 15 seperate banks, all in FOREIGN countries should give a clue of what was going on there… But I am sure the distributors who got scammed by this had no idea it was all being held overseas.

The real shocker here was just a few days after being shut down in the United States news surfaced that Zeek Rewards was planning on opening up all over again in Europe. This will most definitely stir a problem, as Europe is almost always stricter on multi level marketing companies than the United States.

We will see how this plays out… I just feel bad for all the families who left their full time career to pursue this Zeek thing full time. Hopefully they get some of their invested funds back and can find work or a new marketing opportunity.

I will see you on the beaches of the world my friends…

I can’t WAIT to hear your success story!

If you want to start working for yourself but feel you don’t have the money then you’re wrong. If you have a computer and space to put it then you have all you need. You can also start you home business and work it around your job. You can gradually commit more time as your home business grows.

If you’re tired of your job and really want to work for yourself then stop making excuses and do it.

Though affiliate marketing programs and selling services you will find that having your home business is easier than you think.

All it takes is time and a commitment to succeed…

let me in now

By taking advantage of the affiliate marketing programs that are currently available to you on this very page, you can make money and improve your marketing skills. Remember, you can always expand into other areas and venture out totally on your own later. Right now, get marketing and get clicking.

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Author of Create Your Own Economy 

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Author: Joe Stewart

Author of Create Your Own Economy, Online Network Marketer for EPX Body & Founder of The MLM Times. Reach me at 772-626-4271

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