The Wall Street Journal is reporting tonight that the Securities and Exchange Commission declared Zeek Rewards a $600 million Ponzi scheme. The SEC froze assets and ordered the company closed. The CEO Paul Burks, agreed to cooperate.

This was a surprise to many affiliates making huge sums with Zeek. More on this story as it develops. For now I posted a video explaining what to do next [URL]http://youtu.be/EYQIoazFHYc[/URL]

-Jeff

Zeek Rewards Shut Down by Attorney General's office which was investigating recent allegations.

The Penny Auction business model is legal and proven; but it appears Zeek may have problems with industry best practices including affiliate compliance standards.

My CPA friend and I posted a video of our discussion here [URL]http://youtu.be/EYQIoazFHYc[/URL]

We will be updating with more info as it comes available.

Is 1% per day profit sharing even possible? Yes it is with online penny auctions. The business model is new but simple. Help promote the online auction website, and you can share in the company's daily profits.

Many people are doing this right now with bidify and zeek rewards. I personally like a newer company much better. [URL]http://www.bidnerds.com[/URL] The payout percentages are higher!

Think about how quickly your pool can grow when it's increasing by 1% or...

Online penny auction affiliate programs can work around the world. This is a huge advantage to an affiliate program which only has customers in the U.S. or Europe, etc.

Internet marketers should look for affiliate programs with huge payouts and bonuses, and are available worldwide. And that's primarily why I like penny auctions.

Now, most people are aware of Zeek Rewards. It's a good program, and perhaps the first to really prove the model works. But right now, I'm...

Can you promote multiple affiliate programs? Yes, of course.

It only matters if you're effective in doing so.

From personal experience, I believe it's best not to try and do too many things at once. Instead focus on one affiliate program. Promote the heck out of that. Get that rolling, then you can add to it.

Still, doing everything yourself is a lot like spinning plates, and only the best of us can spin more than a few at a time.

So,...