Zeek Rewards Genuine Way To Make Money?

13 years ago

Originally Posted by HawkPrecision

I'm looking for a fairly passive way to make money(Even if only 25 cents a day). I heard about Zeek Rewards and I'm interested, but I would like to get a few opinions on the site.

I figure I can check out reviews probably written by freelance writers, or I can go directly to the source that hopefully won't lie to me if I get enough opinions.

Zeek Rewards legit or scam?

I've been getting a ton of emails about this company and one of my friends is actually a part of it.

I though want no part of it because I have seen some companies like this before come and go. Just be careful and do you due diligence.

I wouldn't it call it a scam just yet though..

-Omar

Thanks

{{ DiscussionBoard.errors[6108543].message }}

RomeWashington

13 years ago

I will look into this and provide back my analysis...

Thanks

{{ DiscussionBoard.errors[6108545].message }}

JustinDupre

13 years ago

I haven't personally tried it but a quick search on Google shows that it looks good.

Thanks

Signature

I offer CPA coaching and investment opportunities for those SERIOUSLY interested in making money directly or indirectly with affiliate marketing. PM me for details.

Read More about CPA/Affiliate Marketing on my Blog

{{ DiscussionBoard.errors[6108557].message }}

ezeeforall

13 years ago

Heard about this company a while back, but didn't really check on it due to it being network marketing. I've not had very good experiences with this type of marketing in the past. Just did receive an interesting email from a well-known, successful I.M. about ZeekRewards and another similar company. He's talking big, and I mean big earning potential with this biz model. Anyway, like me, he's not much for this network marketing stuff, but something in his audio presentation peeked my curiosity. So I did some due diligence, and yes I see the potential with it, and the way it works you wouldn't be chasing friends & family (stereotypically speaking) to get them to join in your MLM venture! ha! Has nothing to do with pills, potions, or lotions, but rather finding others to place bids on penny auctions. I never realized how much money these auction sites were pulling in. Anyway the members find these bidders out there, and the company shares its profits with them. So the more bidders (leads) you generate, the more you can earn. Additionally, the comp plan has a 2x5 forced matrix with it also. So you join as a Free member, and then you have the option of upgrading to paid membership (where the money is anyway). There are three membership levels...Silver $10, Gold $50, and Diamond $99. Can't remember for sure, but I think these are recurring monthly fees. The concept seems very doable anyway. Hope this helps.

[ 3 ] Thanks
1 reply

{{ DiscussionBoard.errors[6117136].message }}

HawkPrecision

13 years ago

Originally Posted by ezeeforall

Heard about this company a while back, but didn't really check on it due to it being network marketing. I've not had very good experiences with this type of marketing in the past. Just did receive an interesting email from a well-known, successful I.M. about ZeekRewards and another similar company. He's talking big, and I mean big earning potential with this biz model. Anyway, like me, he's not much for this network marketing stuff, but something in his audio presentation peeked my curiosity. So I did some due diligence, and yes I see the potential with it, and the way it works you wouldn't be chasing friends & family (stereotypically speaking) to get them to join in your MLM venture! ha! Has nothing to do with pills, potions, or lotions, but rather finding others to place bids on penny auctions. I never realized how much money these auction sites were pulling in. Anyway the members find these bidders out there, and the company shares its profits with them. So the more bidders (leads) you generate, the more you can earn. Additionally, the comp plan has a 2x5 forced matrix with it also. So you join as a Free member, and then you have the option of upgrading to paid membership (where the money is anyway). There are three membership levels...Silver $10, Gold $50, and Diamond $99. Can't remember for sure, but I think these are recurring monthly fees. The concept seems very doable anyway. Hope this helps.

Wow! Excellent description. I will definitely be checking this out soon!

Thanks

{{ DiscussionBoard.errors[6119006].message }}

gclemett

13 years ago

Hi Hawk, we have been in Zeek for 14 days now and are more than happy with the performance to date. Happy to share our results and what I know about the business if you PM me.
cheers
Graeme

Thanks
1 reply

{{ DiscussionBoard.errors[6139131].message }}

ezeeforall

13 years ago

Originally Posted by gclemett

Hi Hawk, we have been in Zeek for 14 days now and are more than happy with the performance to date. Happy to share our results and what I know about the business if you PM me.
cheers
Graeme

Hi Graeme, Thanks for your input. Care to share with us your results some? What level membership are you in, how easy to find leads, etc.

Thanks

{{ DiscussionBoard.errors[6141296].message }}

HawkPrecision

13 years ago

I checked with the better business bureau and apparently they have an F rating.

To me, it almost sounds like one of those things that is too good to be true, so an F rating might make sense. Anyone with experience with this company please come forward.

Thanks
1 reply

{{ DiscussionBoard.errors[6142490].message }}

cybernac 13 years ago

I am a huge skeptic of most everything. That said, I have been a member of Zeek Rewards since Oct 2011. I run from MLM's and "home business opportunities" but a friend who makes his living online recommended this to me last year. I will admit the company has had some growing pains but I have really been happy with it. I did my due diligence. I read (still do) everything I could get my hands on about Zeek Rewards - the good and the bad. I can say with 100% confidence that this company will help me pay off my house this year. Seriously, it is that amazing. Contact me if you would like to learn more. I have an amazing and successful upline and I am thankful every day that I was encouraged to participate. I would love to help anyone interested in learning more!
- [ 1 ] Thanks
{{ DiscussionBoard.errors[6142748].message }}

hoffman

13 years ago

Friend you can register to many micro-job sites, I think it will be helpful for you. Zeek rewards is legit.

Thanks
1 reply

{{ DiscussionBoard.errors[6143513].message }}

RangerTim 13 years ago

Zeek Rewards is the real deal! I joined back in October 2011 and I work the business about 3 to 4 minutes per day. I've only recruited one other friend, but my business has increase by 5X as of today. Other friends who got me in are taking out checks of between $4,000 to $6,000 per month. Check out how the Zeekler Penny Auction works here. Zeekler Penny Auction.
- Thanks
{{ DiscussionBoard.errors[6155360].message }}

RangerTim

13 years ago

Zeek Rewards is the real deal! I joined back in October 2011. I spend about 3 minutes per day and my business has increased 5x as of today. I've only recruited one person. A few of my friends who got me in and joined a month or two before me are now taking checks of between $4,000 to $6,000 per month. If you want to see how the online penny auction works go to here to the Zeeker auction website. Contact me if you're interested in learning more.

Thanks

{{ DiscussionBoard.errors[6155324].message }}

HawkPrecision

13 years ago

Anyone else have experiences with this company?

Thanks

{{ DiscussionBoard.errors[6191669].message }}

momo1978

13 years ago

I went to a seminar on Zeek rewards on Saturday, the host was reading a presentation and when you ask a question, he hesitates and doesn't give you a sharp answer. It seems like money can be made but my prediction is that this company won't last long. Good luck

Thanks

Signature

++++++++++++ Visit my Ebay store.+++++++++++

{{ DiscussionBoard.errors[6237418].message }}

Michael Harrington

13 years ago

I have been approached numerous times about this company.

Good friends of mine have been in it for a while, and they are making around $5,000 PER DAY with it....Serious!!
They are now debt free and have basically retired off the earnings.

They have me very interested, and my next $100 will be an investment into their team.

Hopefully it doesn't come crashing down, but hell, it's worth the risk from what I see.

Would love to hear how other members are going with it????..........

Thanks

Signature

Michael Harrington
Click Here For Our Anti-Aging STEM CELL Activation Patches

{{ DiscussionBoard.errors[6238546].message }}

Chronic IM

13 years ago

Hello!

ZeekRewards is legit. A lot of people have been making good money from this site. Also, a lot of people have been talking about how this site is helping them earn big bucks. You should try investing in them. But of course you have to be very skillful, still.

Best of Luck!

Thanks
1 reply

Signature

[FREE WSO] Say "Good-Bye" to Tiny Commissions Forever!

{{ DiscussionBoard.errors[6238864].message }}

seosoldier

13 years ago

Originally Posted by Chronic IM

Hello!

ZeekRewards is legit. A lot of people have been making good money from this site. Also, a lot of people have been talking about how this site is helping them earn big bucks. You should try investing in them. But of course you have to be very skillful, still.

Best of Luck!

Would you expand on your statement, "But of course you have to be very skillful, still."? Exactly what skills are required? What exactly does one DO to make big $ with this company?

I have a friend of a friend who's in it and says he's making good money but I am skeptical - I am a believer in the old adage "If it sounds too good to be true, it probably is." I believe this old saying because I've personally seen it to be true on numerous occasions.

Thanks

Signature

> My Promise To You: I will never promote any offer I do not truly believe to be 100% worth buying and using!
https://bestwaterfilter.us

{{ DiscussionBoard.errors[6358460].message }}

djff

13 years ago

I´m a member of Zeekrewards, from January 17, 2012. I did start as a free member, two month later a had $147 in my account.

In March I did pay 10 bucks and became a Silver member. In April I did pay an other 10 bucks but for May I didn't pay because it pay for it self with the money I had gained in the last two month.

Today May 15, I have 250 buck in my Zeek wallet from a daily 30 seconds copy/paste task.

30 seconds a day for 119 days = 60 minutes of work. So I'm making 250 buck an hour. No bad!

You can even put this task in autopilot for an other 10 bucks a month.

If you invest some money you will make a lot more.

Hope this help, if you need any help just PM me.

[ 1 ] Thanks
2 replies

{{ DiscussionBoard.errors[6252727].message }}

freetrainer 13 years ago

Hi,

I joined in January as a free member and upgraded to Silver. A trusted friend told me about it but told me to hold off until she was convinced it was legit.

Now she is making very good money and I am starting to see some income as well, although I am reinvesting 100%.

I have to be honest, I don't fully understand it and how it all works because I haven't taken the time to sit down and read everything, but for just copying and pasting an ad every day, it's pretty simple.

Just my 2 cents worth!
- Thanks
Signature
Rise of the Entrepreneurs
{{ DiscussionBoard.errors[6256999].message }}

seosoldier

13 years ago

Originally Posted by djff

I´m a member of Zeekrewards, from January 17, 2012. I did start as a free member, two month later a had $147 in my account.

In March I did pay 10 bucks and became a Silver member. In April I did pay an other 10 bucks but for May I didn't pay because it pay for it self with the money I had gained in the last two month.

Today May 15, I have 250 buck in my Zeek wallet from a daily 30 seconds copy/paste task.

30 seconds a day for 119 days = 60 minutes of work. So I'm making 250 buck an hour. No bad!

You can even put this task in autopilot for an other 10 bucks a month.

If you invest some money you will make a lot more.

Hope this help, if you need any help just PM me.

If this is the case why would you not invest more to make more? Just curious...

Thanks
1 reply

Signature

> My Promise To You: I will never promote any offer I do not truly believe to be 100% worth buying and using!
https://bestwaterfilter.us

{{ DiscussionBoard.errors[6358464].message }}

Black Hat Cat Banned 13 years ago

Originally Posted by seosoldier

If this is the case why would you not invest more to make more? Just curious...

Because deep inside he knows it's a sham. And it is.
- [ 2 ] Thanks
{{ DiscussionBoard.errors[6358882].message }}

Jeff Burritt

Banned 13 years ago

I also have been approached to join Zeek by several people. I personally know these people and their character/integrity is good. They all say they are making profits from almost no work. One friend says he's doing over $10k per month.

I know a lot about MLM. This is NOT your typical MLM.

Who knows whether it will last for a while or fade soon. But it is almost solely done online, and the global internet is a very big place.

Therefore, I expect Zeek to continue to grow.

Also, Zeek has one of the top direct selling law firms behind it. Making sure it is legal, and complies with best practices.

Anything that makes this much money for so many people gets attention and copied.

I expect to see some new copycats soon.

Does anyone know of any? I'd be interested.

Thanks

{{ DiscussionBoard.errors[6257209].message }}

awagoner

13 years ago

I have been part of ZeekRewards for several months now, and am fully satisfied with the opportunity it provides people.

My favorite part is that to earn, you DO NOT have to recruit/hassle friends or family or random people.

You can simply give bids away to customers, and help Zeekler advertise their business to make your daily profits. If you'd like to spend 5 min per day (or possibly nothing if you get AdSmartz) to make excellent money promoting Zeekler penny auctions, then do not let this opportunity pass you up.

The company is also setup for strong growth, and last I checked, their Alexa ranking was 243!

Most people are skeptical of this opportunity, and I was too before getting started.

However, after being involved for awhile, and having had the opportunity to review more information and connect with others also profiting from this opportunity, I am 100% convinced ZeekRewards is a completely legit opportunity.

They actually sell products in real life (unlike Ponzi schemes), have a debt free parent company that is 14 years old, and are setup for massive sustainable growth by partnering with top marketing attorneys and support services.

Thanks
3 replies

Signature

Make Money Online Indefinitely
Work From Anywhere In The World

{{ DiscussionBoard.errors[6382489].message }}

payperman1000

13 years ago

Originally Posted by awagoner

I have been part of ZeekRewards for several months now, and am fully satisfied with the opportunity it provides people.

My favorite part is that to earn, you DO NOT have to recruit/hassle friends or family or random people.

You can simply give bids away to customers, and help Zeekler advertise their business to make your daily profits. If you'd like to spend 5 min per day (or possibly nothing if you get AdSmartz) to make excellent money promoting Zeekler penny auctions, then do not let this opportunity pass you up.

The company is also setup for strong growth, and last I checked, their Alexa ranking was 243!

Most people are skeptical of this opportunity, and I was too before getting started.

However, after being involved for awhile, and having had the opportunity to review more information and connect with others also profiting from this opportunity, I am 100% convinced ZeekRewards is a completely legit opportunity.

They actually sell products in real life (unlike Ponzi schemes), have a debt free parent company that is 14 years old, and are setup for massive sustainable growth by partnering with top marketing attorneys and support services.

Yes definite money in this....I have over 40000 VIP points as a Diamond member and am averaging $700 daily with just this submitting 1 ad a day. Although today they are having some unscheduled maintenance as they are expanding globally now.

Thanks

Signature

Panda Proof PageRank: Popular Premium High Quality SEO Pkgs starting @$27

.EDU Backlink Pkgs (150-3000) starting @$27

{{ DiscussionBoard.errors[6384677].message }}

Black Hat Cat

Banned 13 years ago

Originally Posted by awagoner

You can simply give bids away to customers, and help Zeekler advertise their business to make your daily profits. If you'd like to spend 5 min per day (or possibly nothing if you get AdSmartz) to make excellent money promoting Zeekler penny auctions, then do not let this opportunity pass you up.

That is enough to tell you that it isn't legit.

However, after being involved for awhile, and having had the opportunity to review more information and connect with others also profiting from this opportunity, I am 100% convinced ZeekRewards is a completely legit opportunity.

They say they pay about 400% interest(only they don't call it interest because they can't) on your investment for spending a minute posting an ad each day that no one will ever see, promoting their bogus auction site that no one spends any real money placing bids at. Maybe someone should tell Warren Buffet to put a billion or so in so he can afford to give his poor, penniless secretary a raise, lol.

Legit is the last thing it is. It's only a matter of time before it comes crashing down because it's not sustainable.

[ 2 ] Thanks
1 reply

{{ DiscussionBoard.errors[6384741].message }}

psresearch

12 years ago

Originally Posted by Black Hat Cat

That is enough to tell you that it isn't legit.

They say they pay about 400% interest(only they don't call it interest because they can't) on your investment for spending a minute posting an ad each day that no one will ever see, promoting their bogus auction site that no one spends any real money placing bids at. Maybe someone should tell Warren Buffet to put a billion or so in so he can afford to give his poor, penniless secretary a raise, lol.

Legit is the last thing it is. It's only a matter of time before it comes crashing down because it's not sustainable.

Might last another 6 - 12 months.
Alert was just put up at:
Eagle Research Associates, Inc. - Zeek Rewards - Real or a Scam? You Decide

Thanks

Signature

Work At Home Truth - Extra Income Edition | Swindles.org

{{ DiscussionBoard.errors[6517173].message }}

seosoldier

12 years ago

Originally Posted by awagoner

I have been part of ZeekRewards for several months now, and am fully satisfied with the opportunity it provides people.

My favorite part is that to earn, you DO NOT have to recruit/hassle friends or family or random people.

You can simply give bids away to customers, and help Zeekler advertise their business to make your daily profits. If you'd like to spend 5 min per day (or possibly nothing if you get AdSmartz) to make excellent money promoting Zeekler penny auctions, then do not let this opportunity pass you up.

The company is also setup for strong growth, and last I checked, their Alexa ranking was 243!

Most people are skeptical of this opportunity, and I was too before getting started.

However, after being involved for awhile, and having had the opportunity to review more information and connect with others also profiting from this opportunity, I am 100% convinced ZeekRewards is a completely legit opportunity.

They actually sell products in real life (unlike Ponzi schemes), have a debt free parent company that is 14 years old, and are setup for massive sustainable growth by partnering with top marketing attorneys and support services.

It's just a new version of a pyramid scheme with a team of attorneys to make sure they do things that get around it being a pyramid scheme under current laws. But a pyramid scheme by any other name is still a pyramid scheme:
Zeek Rewards admit business model is illegal | BehindMLM

Thanks

Signature

> My Promise To You: I will never promote any offer I do not truly believe to be 100% worth buying and using!
https://bestwaterfilter.us

{{ DiscussionBoard.errors[6395910].message }}

jamesbgr

13 years ago

I was looking for a passive program and this and banner brokers appealed to me. They look very similar but banner brokers after some personal due diligence does come a across as a money game that it's reaching it's end game. This looks pretty similar to me. I would advise you don't put your life savings. I may get into myself into this but purely as a gamble. The fact they are now expanding globally also does make it sound a bit ponzi to me to be honest.

Thanks

{{ DiscussionBoard.errors[6385921].message }}

jharr53301

12 years ago

All the comments are interesting. I value this forum and some people who have said its legit are active members on this forum. So I think I will give it a try.

Thanks

{{ DiscussionBoard.errors[6466717].message }}

dreamtech

12 years ago

I have not tried it myself but according to me and my quick search on Google shows that it looks good.

Thanks

{{ DiscussionBoard.errors[6479934].message }}

solae

12 years ago

I joined as a free member about 3 months ago but have not posted daily. I am still a bit skeptical about putting any money into it but will now start posting daily to see if it adds up.

Thanks

{{ DiscussionBoard.errors[6484382].message }}

cybernac

12 years ago

I have been involved for 8 months. Every day that I wake up, I thank God that I joined this company. I cannot PM yet, so if you have questions, please PM me with your email address and I will tell you everything you may want to know!

Sherri

Thanks

{{ DiscussionBoard.errors[6514436].message }}

gclemett

12 years ago

Interesting posts on this forum - we are in Zeek and enjoying the ride. Personally, I hold a very positive view of the Zeek and related businesses future. They are certainly proving it with commissions paid to affiliates to date.
Any business breaking new ground in technology and related remuneration will get flack from all sides until they prove otherwise. Plus, I don't think there has been an MLM model that hasn't been tweaked in some way to satisfy compliance, sustainability or reward incentives to encourage the business builders to "make it".
In the meantime, we enjoy over $800 in commission per day and growing after 2 1/2 months of determined action (work!).
G

Thanks
1 reply

{{ DiscussionBoard.errors[6533879].message }}

The 13th Warrior 12 years ago

That's the problem with MLM type programs..., to make money, you either have to recruit others and/or have a minimum sales volume per month to earn commission and/or stay in the MLM as a seller.

For the average person who simply wants to involve one's self in some entrepreneur type, financial supplement or financial freedom venture, this is too much and unrealistic, even for above average person.

"I'm gonna recruit you so you can recruit others". That SUCKS big time.

No one wants to be sold, let alone recruited or BE a recruiter, friends and relatives will have a strained relationship with people who do this, especially if you always bother them with a new, latest , shiny program that is going to make their dreams come true.

An element of trust and bond will be lost forever, possibly never to be gained again.

Or to qualify for commissions, you have to have some unrealistic number like 150,000 points per month sales volume to make your commission, that SUCKS double sour rotten eggs.

So wait, I can't make sales of the product on the strength of the product as a sales affiliate, the commission structure for that in MLM's is not even worth the bother...,the financial freedom type of dollars ONLY comes with recruiting and having most of your recruits recruit, and their recruits to recruit, and their recruits to recruit and so on, to pay as a member every month and or having a large sales volume for the hope of getting that multi-figure income.

As long as MLM has these 2 goose-egg type issues, whatever the program calls itself, it will be a major loser for the average and above average opportunity seeker.

Only people who relish in being telemarketers, door to door encyclopedia salesman or other ICE-COLD type markets/sales tactics will make anything of it, and maybe only if they get in early to be at the top at the start of the program.

The 13th Warrior
- Thanks
{{ DiscussionBoard.errors[6538939].message }}

clarajames

12 years ago

I haven't tried it yet and I really need some review and reviews will be genuine.

Thanks
1 reply

{{ DiscussionBoard.errors[6545421].message }}

gclemett

12 years ago

hi Clara, better than a review, if you PM me I can give you actual results to date after 2 1/2 months
G

Thanks
1 reply

{{ DiscussionBoard.errors[6552710].message }}

plcarr

12 years ago

I'm glad I came because I have had several people I trust approach me with this. i would like to get more info from someone who is actually in it.

Thanks
1 reply

{{ DiscussionBoard.errors[6562793].message }}

Morgan03

12 years ago

Yes, zeek rewards is a genuine opportunity to make money. All you have to do is place one ad per day online. It only takes 5 minutes. Unlike other MLMs, you don't have to recruit unless you want to. Zeek Rewards is the affiliate program of Zeekler.com. The goal for them is to have affiliates drive business to zeekler.com. At the end of each day, 50% of the profit is split amongst the affiliates. Right now, that works out to be approx. 1.5% compound interest per day. That may change in the future.

There's no need for people to feel so apprehensive about Zeek. You can sign up for free and check the business out. Once you get a feel for it, you can subscribe to be a silver, gold, or diamond affiliate. Diamond being the best rewards. If you desire, you can build your downline to be as big as you want in order make more money. However, it's not necessary as you will still make the money from revenue sharing.

It's true, Zeek's future is unknown. However, as with most MLM companies the start up cost is extremely low and with this you see the money grow everyday. This is completely worth it to get into.

If you'd like, Go to: /moneytalks87
Sign up for free.

Thanks
2 replies

{{ DiscussionBoard.errors[6580052].message }}

The 13th Warrior

12 years ago

Originally Posted by Morgan03

If you'd like, Go to: /moneytalks87
Sign up for free.

Yes, I would like to sign up because of this totally unbiased, informative, objective review.

I am even more inclined to sign up because you provided a link.

( I'm being sarcastic )

The 13th Warrior

Thanks
1 reply

{{ DiscussionBoard.errors[6588761].message }}

jonj31070

12 years ago

I'm with you. I thought we weren't allowed to put affiliate links in our posts.

Originally Posted by The 13th Warrior

Yes, I would like to sign up because of this totally unbiased, informative, objective review.

I am even more inclined to sign up because you provided a link.

( I'm being sarcastic )

The 13th Warrior

Thanks

Signature

The Most Powerful Squeeze And Video Squeeze Page Creator In The World! Click Here!

{{ DiscussionBoard.errors[6593165].message }}

The 13th Warrior

12 years ago

Originally Posted by Morgan03

The goal for them is to have affiliates drive business to zeekler.com. At the end of each day, 50% of the profit is split amongst the affiliates. Right now, that works out to be approx. 1.5% compound interest per day. That may change in the future.

Another thing that smells.

Anyone who is an affiliate marketer thinks that all your hard work and effort should be split in a pool among others???

If I have a conversion of 9% or so, and everyone else is doing .005% conversions, why should they share equally in a pool that I contributed to the most?!?!?

And who is to say what the pool is or how much is in the pool or your part in contributing to the pool or that the numbers or as they "say" they are???

The above quote, to me, by definition, is NOT and "affiliate" system, at all, whatsoever.

Simply sounds like another sham "financial markets" product...., by the way, have you seen the news lately of these "financial market" products/companies filing bankruptcy and being convicted of fraud??

If the Gold or Silver ain't in your hand, it is worth about as much as you can hold and physically posses, which is nothing.

I have an affiliate system/"optional" MLM system that you can sign up for to buy into a pool of archaeological funding where when ancient artifacts and dinosaur remains are found, we share in the pool when we sell to a museum or university.

The link?

www. I-have-money-to-burn-because-I-am-a-sap.com

Sign up today! Hurry! Spots are filling up fast!!

The 13th Warrior

[ 1 ] Thanks

{{ DiscussionBoard.errors[6593372].message }}

Bock

12 years ago

yes, it's legit company and program with good mlm marketing plan.

Thanks

Signature

- - - -Daily withdrawals ----- No recruiting required - - - - - $10 absolutely free to start your own business!- - - - -

{{ DiscussionBoard.errors[6588865].message }}

panorama

12 years ago

If you have any questions about Zeek Rewards, I highly recommend you read through the following blog post:

Analyzing ZeekRewards and Zeekler, is Zeek Rewards a legal business? Who is Paul Burks? Detailed Investigation here

The above was linked to through the Eagle Research Associates alert that Paul Schlegel shared. It's long, but a very worthwhile read.

If you go through the entire post, it seems pretty clear to me (although this is strictly my opinion), that Zeek Rewards is a classic Ponzi scheme. There are a ton of red flags, but the one that strikes me as most obvious is the fact that your earnings are not at all dependent on how much you "work". Rather, earnings appear to be completely dependent on how many credits (money) you leave in the system and they incentivize you to keep credits/money in. The 13th Warrior is spot on...this is not an "affiliate" program, otherwise, your earnings would be tied to performance in some way.

How much more obvious could this be? I know for a fact that people are making money with Zeek Rewards right now, but any Ponzi scheme has to reward existing members if they want to draw in new members and keep money coming in. I predict they will run out of cash and everything will come crashing down very shortly, so don't be naive if you're involved with this. Take some chips off the table while you can.

I'll admit that even though I'm pretty convinced that this is a Ponzi scheme, I don't doubt that you can probably make a lot of money if you can get in and out before everything falls apart...who knows exactly when this will happen, though.

THE ABOVE IS MY OPINION ONLY. DO YOUR OWN DUE DILIGENCE AND COME TO YOUR OWN CONCLUSION.

[ 1 ] Thanks
1 reply

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6604382].message }}

abrandt

12 years ago

Hello WF Members:

I would like to respond to the several unqualified opinions posted above who have not done their homework first.

In reality... the Zeek program is indisputably a GLOBAL phenomena with a myriad of top Internet metrics companies clearly documenting global success by any standard.

From a practical point of view:

You don't have to sell anything.
Truly anyone can do it and succeed.
We just have to post 1-ad DAILY - and certify it (takes under 5-mins).
OPTIONAL: Market affiliate ecommerce subscriptions... which we all know has the potential to be lucrative (to some degree or another).

Here is a brief synopsis of the ZeekRewards.com in the Alexa Top 100,000 Global Rankings (owned by Amazon.com):

July 16, 2012...... 162
July 14, 2012...... 168
June 29, 2012..... 176
June 14, 2012:.... 214
Jan. 2012...... ~ 1,000
May 2011.... ~ 12,000
Jan. 2011........ NOT in Alexa Top Global 100,000

Here's a small sample of Global household name websites that have been passed-up since Jan. 2012:

#180 - Walmart.com
#240 - Hulu.com
#249- Hostgator.com
#257 - UPS.com
#279 - HP.com
#291 - Pandora.com
#340 - BestBuy.com
#368 - ATT.com
#374 - Expedia.com
#404 - FedEx.com

I have tracked many more in the Top Alexa Global 1,500. The above GLOBAL results does not happen by accident.

In fact, there is not ONE other website within Alexa's Top Global 100,000 websites that is having remotely comparable ranking results.)

(As a Google Page-One Ranking specialist, let me remind everyone that the above metrics are GLOBAL rankings (Alexa.com Top 100,000 Global Rankings).

Zeekler's market penetration is nothing less than breathtaking. (ZeekRewards passed Walmart.com - #189) less than 2-weeks ago.
.
.
Here are the (2) major CONS to consider - the potential Achilles heal of Zeekler:

1. Affiliate compliance. There is, in general, an adverse legal environment (bias) among state AG's and the Fed's regarding the MLM and Network marketing business model. (This was once true as well for the franchise business model, but not any more.)

2. Customer service challenges. With the unanticipated affiliate expansion of approx. 2 MIL affiliates since Jan. 2011, Zeekler is in the process of ramping-up its infrastructure to accommodate unprecedented growth which is responsible for serious affiliate customer service growing pains.

.
I can tell you I would not have entertained looking at Zeekler were it not for my primary consulting business losing mid-five figures in revenue due to the U.S. economy's adverse impact on my clients.

Consequently, I am aggressively in the process of reinventing my business platform to include Zeekler and high-end CPS marketing. (I've recently been approved by (2) of the most reputable CPA Networks within 1-hour of introduction.)

I can say, without reservation, that Zeekler is working out to be a great income opportunity for us... and I am happy to prove it. (To stay in compliance, I must provide company disclosure prior to the disclosure of any income figures to anyone.)

I'd be happy to share more with anyone interested. Just PM me with your contact info.

I have compiled authoritative metrics and analytics validating the consumer and affiliate marketing success this company is gaining on a global level.
.
It would stand up to academic scrutiny at either Harvard or Stanford Universities, or anywhere else.
.
You will come to understand HOW and WHY Zeekler is in the process of becoming a formidable competitor eBay (Global: #20) and Amazon (Global: #7).
.
You will come to understand HOW anyone interested and motivated can promptly be educated and brought up to speed to benefit.

I hope this proves helpful.

Alan

Thanks
1 reply

{{ DiscussionBoard.errors[6619074].message }}

panorama

12 years ago

I just had a long phone conversation with abrandt. He's very articulate and sounds like a bright, diligent guy, but ultimatey he wasn't able to provide me with anything to support his argument beyond what was provided in his post.

He offered a lot of facts and figures, but wasn't able to provide me with any sources where I could independently substantiate his claims beyond me just taking his word for it. The only thing he could really refer me to was the Alexa rankings.

While I believe it's fine for two people to disagree, abrandt seemed to take offense to the fact that I'm skeptical of the program. In any event, I'm not going to make an issue of this anymore. Everyone's entitled to their opinion. I'm personally still skeptical, but truly wish everyone who participates the best of luck.

Thanks
1 reply

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6619523].message }}

HawkPrecision

12 years ago

Originally Posted by panorama

I just had a long phone conversation with abrandt. He's very articulate and sounds like a bright, diligent guy, but ultimatey he wasn't able to provide me with anything to support his argument beyond what was provided in his post.

He offered a lot of facts and figures, but wasn't able to provide me with any sources where I could independently substantiate his claims beyond me just taking his word for it. The only thing he could really refer me to was the Alexa rankings.

While I believe it's fine for two people to disagree, abrandt seemed to take offense to the fact that I'm skeptical of the program. In any event, I'm not going to make an issue of this anymore. Everyone's entitled to their opinion. I'm personally still skeptical, but truly wish everyone who participates the best of luck.

Yeah, I realized that the people selling hard on this are the people that are fully involved in it. They WANT you to buy from them, so the last thing they're going to do is tell the truth even if it is a sh*tty program. Not saying it is, but I am highly suspicious by the way they talk about it. I had someone who basically lied to me about their stats in a pm.

He told me he was making about $30 one month prior to me talking to him, and then he goes and tells me that he is just NOW making $30. So I called him on it, and then he got all offended and tried to cover up his tracks. I say proceed with caution. If at all.

Here's my issue with this program: It all sounds too good to be true.

Really? No work on my part eh? Only five minutes day, and I will be well on my way to making a fortune? Pfffffffft, yeah right. Go scam the wishful thinkers because I fully remove my membership from that community.

I'm taking blood road to accumulate my fortune (

The Hard Way is the Only Way (Ep. 1: Blood Road) ...

). Anything that promises easy wealth in my experience has always been a load of sh*t.

I guess that's what I get for trying to get my answer from other people though. You're either going to get people who don't know, or people involved in the program trying to get you to join their system so that they make money off you.

Thanks
1 reply

{{ DiscussionBoard.errors[6697640].message }}

gclemett

12 years ago

Originally Posted by HawkPrecision

Yeah, I realized that the people selling hard on this are the people that are fully involved in it. They WANT you to buy from them, so the last thing they're going to do is tell the truth even if it is a sh*tty program. Not saying it is, but I am highly suspicious by the way they talk about it. I had someone who basically lied to me about their stats in a pm.

He told me he was making about $30 one month prior to me talking to him, and then he goes and tells me that he is just NOW making $30. So I called him on it, and then he got all offended and tried to cover up his tracks. I say proceed with caution. If at all.

Here's my issue with this program: It all sounds too good to be true.

Really? No work on my part eh? Only five minutes day, and I will be well on my way to making a fortune? Pfffffffft, yeah right. Go scam the wishful thinkers because I fully remove my membership from that community.

I'm taking blood road to accumulate my fortune (The Hard Way is the Only Way (Ep. 1: Blood Road) - YouTube). Anything that promises easy wealth in my experience has always been a load of sh*t.

I guess that's what I get for trying to get my answer from other people though. You're either going to get people who don't know, or people involved in the program trying to get you to join their system so that they make money off you.

Hawk, if you want a genuine answer on your questions I'm here to help. I also have no desire for you to join my system. Its not my system!
It's simple, you either like what you hear and come on board for the ride or you don't and leave it be - your choice.
What I don't agree with, is anybody hiding or distorting facts - I will never do that - its a pity you have experienced that.
We have shared stats (not the one you mention above) that are accurate, yet for some reason you choose to take the negative view from another affiliate experience.
There is work to do to make this business really work for you. Yes it only takes 5min a day to look at your account. But if you are serious about helping people in this business, it can take 3 or 4 hours a day or more. Plus its a 7 day a week business.
Is it rewarding? Yep, sure is, but success still only comes before work in the dictionary.

Thanks
2 replies

{{ DiscussionBoard.errors[6724858].message }}

abrandt

12 years ago

Hello folks:

At this point I believe that RULE OF LAW is under threat in America.

The NC Attorney General has issued a Civil Investigative Demand (CID)... an administrative subpoena. "CIVIL" is the keyword. A SUBPOENA is not an INDICTMENT... but an governmental instrument used to obtain information... nothing more.

To shut a company down without an indictment represents nothing less that our government operating under COLOR OF LAW.

- In U.S. law, the term color of denotes the “mere semblance of legal right”, the “pretense or appearance of” right; hence, an action done under color of law colors (adjusts) the law to the circumstance, yet said apparently legal action contravenes the law.[1] Under color of authority is a legal phrase used in the United States[2] indicating a person is claiming or implying the acts he or she is committing are related to and legitimized by his or her role as an agent of governmental power, especially if the acts are unlawful.

SOURCE: Color (law) - Wikipedia, the free encyclopedia

- The appearance or semblance, without the substance, of legal right. McCain v. Des Moines, 174 U. S. 108, 19 Sup. Ct. (H4, 43 L. Ed. 936

SOURCE: COLOR OF LAW | Definition of COLOR OF LAW (Black's Law Dictionary)

.
Zeekler has experienced an extraordinary level of success that has put the HURT'N on other MLM or Network Marketing companies. Representatives have been abandoning other MLM companies in droves to opportunize on the success phenomenon of the Zeekler business model.

Top Alexa Global Rankings
In January 2011, ZeekRewards had ZERO global Internet ranking.
- By April 2011... 12,000 of top 100,000 Top Alexa Global Rankings had been achieved.
- By Jan. 2012 ... Top 1,000...
- by June 2012 ... Top 214...
- as of Aug. 17, 2012... 135 of 100,000 Top Alexa Global Rankings

The only two retail companies with higher global Alexa rankings is eBay and Amazon. Do you think for one minute each of these companies has not been carefully watching Zeekler's march up the Alexa ranking??? As of Aug. 16, 2012... #116... and today... #111... (in ONE day!)

What's there NOT to be nervous about???

Don't think for one minute that there is not the POTENTIAL of CORPORATE ESPIONAGE involvement with this case... in addition to UNLAWFUL governmental conduct under COLOR OF LAW.

Q-1: What is the VERACITY of the individuals who have filed complaints against Zeekler?
- Who are they?
- Do they have LEGITIMATE business complaints?
- Are they shills for other MLM companies operating with the sole purpose of CAUSING HARM to Zeekler?

Q-2: On what lawful grounds has Zeekler been shut down without an INDICTMENT?

I have had a number of indepth conversations with some other smart Zeekler affiliates (independent business people) about the multiple impending legal challenges facing Zeekler:

1. AFFILIATE NON-COMPLIANCE exposure to MLM law and corporate policies.

2. An existing PREJUDICIAL & ADVERSE LEGAL ENVIRONMENT among state AG's and the Feds to the MLM business industry at large (which needs to be remedied just like Amway achieved in the 1950's within a court of law).

3. There is a PREJUDICIAL & ADVERSE LEGAL ENVIRONMENT among state AG's and the Feds in regards to PENNY AUCTION industry as a whole within the U.S.

Zeekler has contracted two of the best MLM law firms in the U.S.A. From a legal and academic point of view, it will be fascinating to watch the progress and outcome of this case. It will either be the curse of death for Zeekler... or it will do much to clear the path for Zeekler's and its affiliates' unprecedented success as was Amway's triumph over governement.

I'm 59 now. I remember when I was 3-years old, my father had a book on the shelf entitled: "MAN WILL NEVER GO TO THE MOON." It's amazing that I even remember this from such a young age... but boy were they WRONG!!! No matter the subject... no matter the time... there has been and always will be the imposed noise of "talking heads."

The growing tide of Governmental INTERFERENCE of the free enterprise system in the United States of America is certainly a probable issue in the Zeekler matter. The fat lady has not even begun to sing yet... so let's see what happens.

My hunch is... based on the quality of legal guns that Zeekler has procured... COLOR OF LAW will be materially addressed... as well as many of the other outstanding issues listed above.

May the Force be with you!

Alan

Thanks
1 reply

{{ DiscussionBoard.errors[6815887].message }}

panorama

12 years ago

Originally Posted by abrandt

At this point I believe that RULE OF LAW is under threat in America.

The NC Attorney General has issued a Civil Investigative Demand (CID)... an administrative subpoena. "CIVIL" is the keyword. A SUBPOENA is not an INDICTMENT... but an governmental instrument used to obtain information... nothing more.

To shut a company down without an indictment represents nothing less that our government operating under COLOR OF LAW.

Alan,

You are correct. In fact, the NC Attorney General's office has explicitely stated that THEY have not shut down the company, which is why I didn't acknowledge them or the CID in my post. The AG's office is simply in the process of an investigation that began in early July.

That leads to the question - Why did they shut down?

It was either done voluntarily or they were forced to shut down by another agency (i.e., the Secret Service). Of course, we don't know where the Secret Service is in their investigation of the company or its CEO, but if the SS forced them to shut down, I'm sure that there is sufficient evidence to support their actions.

If the company shut down voluntarily, that brings on a whole other set of questions. Either way, I wouldn't expect Zeekler or Zeek Rewards to come back online. I personally don't believe this has anything to do with "government interference", but rather the legitimacy of the Zeek Rewards business model.

Thanks
1 reply

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6816130].message }}

abrandt 12 years ago

"A nation can survive its fools, and even the ambitious. But
it cannot survive treason from within. An enemy at the gates
is less formidable, for he is known and carries his banner
openly. But the traitor moves amongst those within the gate
freely, his sly whispers rustling through all the alleys,
heard in the very halls of government itself. For the traitor
appears not a traitor; he speaks in accents familiar to his
victims, and he wears their face and their arguments, he
appeals to the baseness that lies deep in the hearts of all
men. He rots the soul of a nation, he works secretly and
unknown in the night to undermine the pillars of the city, he
infects the body politic so that it can no longer resist. A
murderer is less to fear."

--Marcus Tullius Cicero 42B.C.
- [ 1 ] Thanks
{{ DiscussionBoard.errors[6816531].message }}

TNTROCKS 12 years ago

Does anyone here read the news? Zeek Rewards was shut down by the SEC this week. They said it was a "ponzi scheme" on the verge of collapse. Just type in google "SEC Shuts Down Alleged $600 million Ponzi Scheme." This was on cnn. august 17th
- Thanks
- 1 reply
Signature

Todd Morgan
Internet Superstar Academy
www.internetsuperstaracademy.com
Cell: 801-834-1766
Toll Free: 888-356-7776
internetsuperstaracademy@gmail.com
{{ DiscussionBoard.errors[6833341].message }}
- WraithSarko 12 years ago
  
  Seems like (almost) everybody saw this was screwed from the get go.
  
  Now their lawyers get to make even MORE money
  
  [ 1 ] Thanks
  
  Signature
  SuperExpensiveNUKE...SubmitterEnvyNUKE...SENukeXCRaptastic
  I've spent the last 59 months building 412 MFA sites. Each site averages 8 cents per day...I said average, some make up to 17 cents per day, PASSIVE INCOME! This income allows me to live comfortably and buy ANY flavor Jolly Rancher or Skittles I desire. Don't give in to fear, it CAN be done!
  
  {{ DiscussionBoard.errors[6833403].message }}

panorama

12 years ago

I can't say I'm surprised, but I must admit all this has happened much sooner than I expected...

The ZeekRewards.com and Zeekler.com websites are both offline.
Their official Facebook page has been deleted.
Their Red Carpet event, scheduled for next Wednesday, has been cancelled. Source: ZeekRewardsNews
The company has shut their corporate offices in Lexington, NC. Source: The Dispatch
The U.S. Secret Service has confirmed it is investigating Zeek Rewards as well as the company's chief executive officer, Paul Burks. Source: The Dispatch

Thanks

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6815814].message }}

justlikethat

12 years ago

People act like lawsuits = chapter 13. That's hardly the case. There ARE things zeek needs to fix. The law is here to protect.

This is a turning point for all MLM's. Hopefully the people win.

Why did they shut down?
http://in.reuters.com/article/2012/0...87G0FY20120817

Thanks
2 replies

{{ DiscussionBoard.errors[6816683].message }}

panorama

12 years ago

Originally Posted by justlikethat

People act like lawsuits = chapter 13. That's hardly the case. There ARE things zeek needs to fix. The law is here to protect.

This is a turning point for all MLM's. Hopefully the people win.

Why did they shut down?
U.S. SEC says shuts ZeekRewards.com $600 million Ponzi scheme | Reuters

Based on that link, it looks like it's game over for Zeek. They won't have a chance to fix anything.

Thanks
1 reply

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6816872].message }}

justlikethat 12 years ago

Originally Posted by panorama

Based on that link, it looks like it's game over for Zeek. They won't have a chance to fix anything.

They put a lot of time and effort into their legal compliance webinars. But the cost of a lawsuit, negative public attention, lack of staff, sounds to me like it just wasn't worth the fight. He probably did what was best for everyone.
- Thanks
{{ DiscussionBoard.errors[6816904].message }}

abrandt

12 years ago

Originally Posted by justlikethat

Why did they shut down?
U.S. SEC says shuts ZeekRewards.com $600 million Ponzi scheme | Reuters

Hello justlikethat!

Thank you for the Reuters news link.

I understand this is the alleged position of the involved law enforcement organizations... however I find it difficult to believe that the following law firms would have agreed to represent Zeekler without a thorough due-dilligence of their own... prior to accepting representation of Zeekler:

Grimes & Reese | MLM Lawyer - Law Firm Grimes & Reese PLLC - MLM Attorney Specializing in Multilevel Marketing - Grimes & Reese Attorney Biographies | World's First Distributor Compliance Course (MLM Compliance VT) |

Nehra & Waak | MLMAttorney MLM MultiLevel Marketing Attorney MLM Lawyer Direct Selling Attorney | Hired to ensure compliance in all aspects |

Bonefant & Weinberg - SEC and MLM Attorneys hired to cover all Securities and Exchange Commission compliance.

Howard Kaplan - Tax Attorney and IRS Specialist to handle all tax compliance.

Sometimes things are not as they seem.

Anyways... we'll see how this all washes out.

Alan

Thanks
3 replies

{{ DiscussionBoard.errors[6816906].message }}

justlikethat

12 years ago

Originally Posted by abrandt

Hello justlikethat!

Thank you for the Reuters news link.

I understand this is the alleged position of the involved law enforcement organizations... however I find it difficult to believe that the following law firms would have agreed to represent Zeekler without a thorough due-dilligence of their own... prior to accepting representation of Zeekler:

It takes a lot of money to win. The reward and consequences might not be worth it. Better now than later when they really are expending too much money. Nevertheless people are getting some of their money back. And those who were ahead good for your exceptional timing.

Thanks
1 reply

{{ DiscussionBoard.errors[6816936].message }}

abrandt 12 years ago

UPDATE:

SEC Calls Zeek ‘$600 Million Online Pyramid And Ponzi Scheme’
By PatrickPretty.com 5:31 pm Aug 17, 2012
- Thanks
{{ DiscussionBoard.errors[6817016].message }}

SamKane

12 years ago

If you have money, you will find legal representation.

They will bill you until you run out of cash.

Originally Posted by abrandt

Hello justlikethat!

Thank you for the Reuters news link.

I understand this is the alleged position of the involved law enforcement organizations... however I find it difficult to believe that the following law firms would have agreed to represent Zeekler without a thorough due-dilligence of their own... prior to accepting representation of Zeekler:

Grimes & Reese | MLM Lawyer - Law Firm Grimes & Reese PLLC - MLM Attorney Specializing in Multilevel Marketing - Grimes & Reese Attorney Biographies | World's First Distributor Compliance Course (MLM Compliance VT) |

Nehra & Waak | MLMAttorney MLM MultiLevel Marketing Attorney MLM Lawyer Direct Selling Attorney | Hired to ensure compliance in all aspects |

Bonefant & Weinberg - SEC and MLM Attorneys hired to cover all Securities and Exchange Commission compliance.

Howard Kaplan - Tax Attorney and IRS Specialist to handle all tax compliance.

Sometimes things are not as they seem.

Anyways... we'll see how this all washes out.

Alan

[ 1 ] Thanks
1 reply

Signature

These 2 "Weird" Magic Words Can Help You Achieve ANYTHING You Want... Instantly! (Not safe for work or around kids)

{{ DiscussionBoard.errors[6817124].message }}

abrandt

12 years ago

Originally Posted by SamKane

If you have money, you will find legal representation. They will bill you until you run out of cash.

Cynicism not appreciated.
Alan

Thanks
2 replies

{{ DiscussionBoard.errors[6817141].message }}

kindsvater 12 years ago

Originally Posted by abrandt

Cynicism not appreciated.
Alan

What Sam wrote is true.

Alan, not sure how much money you're about to lose, but it must be a lot given the hysterical posts.

There's a reason why so many here in this thread, and elsewhere, said Zeek is a pyramid scheme.

You're apparently a true believer so I will make no attempt to argue with you.

While I agree there is plenty of government and prosecutorial abuse, or at least questionable actions, I am confident in predicting that:

1. Zeek is permanently toast.

2. In about 2 years you will get a payment from a receiver.

3. The receiver will make more money than anyone using Zeek did.

.
- [ 1 ] Thanks
Signature
Use Elf Links to Stop Google's Affiliate Bans - Brian Kindsvater IM Help
{{ DiscussionBoard.errors[6817511].message }}

Black Hat Cat

Banned 12 years ago

Originally Posted by abrandt

however I find it difficult to believe that the following law firms would have agreed to represent Zeekler without a thorough due-dilligence of their own... prior to accepting representation of Zeekler:

Right...because lawyers never represent guilty people, lol. Just ask Bernie Madoff.

Originally Posted by abrandt

Cynicism not appreciated.
Alan

I think it's the truth you have a problem with. There was never anything legit about Zeek, no matter how many Alexa stats you posted to try and prove otherwise.

[ 1 ] Thanks

{{ DiscussionBoard.errors[6818843].message }}

panorama

12 years ago

[DELETED]

{{ DiscussionBoard.errors[6823371].message }}

Black Hat Cat

Banned 12 years ago

Originally Posted by panorama

That's funny. You were so arrogant and condescending in this and another (suspiciously deleted) thread, supporting your argument with irrelevant facts, that you should probably be apologizing to people.

I hope you've at least apologized to the people you recruited into Zeek. I'm sure they don't appreciate the money they've lost because of you.

Wait until the clawbacks start, lol. He won't have time to worry about them because he'll be too busy worrying about his own bank account.

Thanks
1 reply

{{ DiscussionBoard.errors[6823753].message }}

panorama

12 years ago

I listened to his presentation and saw his back office. Unless he put in additional money after we spoke, he did not make a large investment himself. He did have a few people he recruited into it, though. Also, I don't think he started until June, so I don't believe he could have withdrawn any money before it collapsed.

Thanks
1 reply

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6823888].message }}

Black Hat Cat

Banned 12 years ago

Originally Posted by panorama

I listened to his presentation and saw his back office. Unless he put in additional money after we spoke, he did not make a large investment himself. He did have a few people he recruited into it, though. Also, I don't think he started until June, so I don't believe he could have withdrawn any money before it collapsed.

Gotcha. As defensive as he was, I assumed he'd made some decent money. My friend's dad withdrew about $10,000 3 weeks ago, which is well above what he put in. He's not going to be happy tonight when I tell him his dad might be on the hook for it. He's also not going to be happy when I tell him "I told you so", lol.

Thanks
1 reply

{{ DiscussionBoard.errors[6824117].message }}

bizadpros 12 years ago

I have a lot of friends that got involved in Zeek Rewards - even after my warnings that the company used the word "investment" in the sales pitch...a major cause of concern for me.

It is indeed very disturbing that the owner is alleged to have taken millions and gave it to his family members, etc.

Unforgettably, this is another bad knock on internet marketing for all of us how try to make a living by actually working a real internet business.

"If it sounds to good to be true..."
- Thanks
{{ DiscussionBoard.errors[6825223].message }}

psresearch

12 years ago

Originally Posted by abrandt

Hello justlikethat!

Thank you for the Reuters news link.

I understand this is the alleged position of the involved law enforcement organizations... however I find it difficult to believe that the following law firms would have agreed to represent Zeekler without a thorough due-dilligence of their own... prior to accepting representation of Zeekler:

Grimes & Reese | MLM Lawyer - Law Firm Grimes & Reese PLLC - MLM Attorney Specializing in Multilevel Marketing - Grimes & Reese Attorney Biographies | World's First Distributor Compliance Course (MLM Compliance VT) |

Nehra & Waak | MLMAttorney MLM MultiLevel Marketing Attorney MLM Lawyer Direct Selling Attorney | Hired to ensure compliance in all aspects |

Bonefant & Weinberg - SEC and MLM Attorneys hired to cover all Securities and Exchange Commission compliance.

Howard Kaplan - Tax Attorney and IRS Specialist to handle all tax compliance.

Sometimes things are not as they seem.

Anyways... we'll see how this all washes out.

Alan

You may or may not recall that Andy Bowdoin who ran the ASD Cash Generator ponzi hired the famous MLM attorney Gerald Nehra to conduct a compliance review on itself. He declared it wasn't a ponzi. ASD was shut down by the Feds and Andy Bowdoin is sitting in jail now.

My prediction is that the next to get shut down will be JPB/JSS Tripler (Just Been Paid).

Thanks
1 reply

Signature

Work At Home Truth - Extra Income Edition | Swindles.org

{{ DiscussionBoard.errors[6823063].message }}

ProfessorMetal

12 years ago

Originally Posted by Paul Schlegel

You may or may not recall that Andy Bowdoin who ran the ASD Cash Generator ponzi hired the famous MLM attorney Gerald Nehra to conduct a compliance review on itself. He declared it wasn't a ponzi. ASD was shut down by the Feds and Andy Bowdoin is sitting in jail now.

My prediction is that the next to get shut down will be JPB/JSS Tripler (Just Been Paid).

Yep. I'm waiting on the same thing. With that one they might as well be jumping up and down screaming, "We're a Ponzi, We're a Ponzi!" I took one look at it and ran the other way - FAST!

Thanks
1 reply

{{ DiscussionBoard.errors[6846281].message }}

Merrill Sloan 12 years ago

With Zeek there seemed to be some cash flow based upon the penny auction action. After all, if you end up with an iphone for $100 there likely was easily more than 1000 bids which had a value of sorts, and supposed to be on par for $1.00. So in that sense the company had some cash to keep floating the signups who didn't bid. But it seems, in the end, it was not enough. Some of my friends did ok in that they got their initial money back and turned a decent profit for a few months.
- Thanks
- 1 reply
Signature
Merrill Sloan
http://veretekkintegratedmarketing.com
{{ DiscussionBoard.errors[6846429].message }}
- ProfessorMetal 12 years ago
  
  Looks like JBP and The Golden Path are on the run now. From what I've seen this evening doing some TE surfing they've both been "acquired" by other companies. Yeah, right. LOL
  
  Thanks
  
  {{ DiscussionBoard.errors[6847224].message }}

GforceSage

12 years ago

The reason that all penny auction sites are being looked at by the U.S. govenment, with Zeek rewards being target #1 is because a lot of losing bidders are complaining about the penny auction sites. When people bid and lose, they lose their risked (Gambled) money...Unless, they want to pay full price (Often more than they can buy the item for on their own, but not always.) for the item.

This is a form of risk-bids, thus mirrors gambling. The Penny sites argue that it is not gambling because you can pay $1,000 plus shipping for that $1,000 TV you were hoping to get for $100 if you lose your auction. They will also let you apply your lost bid amount towards the purchase. Newer sites are setting up offshore where the U.S. has no jurisdiction and some of the sites will just take your money when you lose and not offer the purchase option.

Thanks
1 reply

{{ DiscussionBoard.errors[6816816].message }}

justlikethat

12 years ago

Originally Posted by GforceSage

The reason that all penny auction sites are being looked at by the U.S. govenment, with Zeek rewards being target #1 is because a lot of losing bidders are complaining about the penny auction sites. When people bid and lose, they lose their risked (Gambled) money...Unless, they want to pay full price (Often more than they can buy the item for on their own, but not always.) for the item.

This is a form of risk-bids, thus mirrors gambling. The Penny sites argue that it is not gambling because you can pay $1,000 plus shipping for that $1,000 TV you were hoping to get for $100 if you lose your auction. They will also let you apply your lost bid amount towards the purchase. Newer sites are setting up offshore where the U.S. has no jurisdiction and some of the sites will just take your money when you lose and not offer the purchase option.

Where are you getting your info from? According to the link above:

"The obligations to investors drastically exceed the company's cash on hand, which is why we need to step in quickly, salvage whatever funds remain and ensure an orderly and fair payout to investors."

ANY MONEY BACK IS BETTER THAN NONE. The law is swift.

Thanks

{{ DiscussionBoard.errors[6816835].message }}

panorama

12 years ago

I'm amazed that some people still cannot accept the truth. There were so many red flags pointing to ZeekRewards being a Ponzi scheme. There were numerous people and websites clearly outlining these red flags in a way that made all the information easy to find and analyze. Now the company has been shut down by the SEC for being a Ponzi scheme.

I can understand the blind faith while account balances are growing, but now that the SEC is charging the company with precisely what others have been saying all along, how can you not see ZeekRewards for what it really is - nothing more than a Ponzi scheme. It's time to accept what has happened...go back and take another look at all the red flags that have been present all along. In light of recent events, the truth should be clear to you.

I would expect criminal charges against Zeek leadership to be filed in the coming months.

Thanks

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6818981].message }}

Vlom

12 years ago

Just read about that on performinsider, sick ! But it was to be expected anyway ...

Mehdi

Thanks

Signature

Hold'n'Grow - first Community for Crypto webmasters & affiliates

{{ DiscussionBoard.errors[6819352].message }}

vCr8

12 years ago

A sure loss for many people who trusted and invested a sum of money with zeek. The main question is still there... How long before SEC really define a ponzi, because this one took a while and it is the same old story... This actually makes us just want to wait for the next ponzi announcements by SEC...

Thanks
1 reply

{{ DiscussionBoard.errors[6819998].message }}

panorama

12 years ago

Originally Posted by javajunkie

The main question is still there... How long before SEC really define a ponzi, because this one took a while and it is the same old story... This actually makes us just want to wait for the next ponzi announcements by SEC...

I don't understand your question. The SEC's definition of a Ponzi is pretty clear. Also, ZeekRewards has been around for less than two years, with it mostly gaining traction within the last 12 months. Taking into account the amount of time necessary to perform a thorough investigation, I wouldn't say this "took a while". I think they actually moved pretty quickly.

What do you mean by "This actually makes us just want to wait for the next ponzi announcements by SEC"?

Thanks
1 reply

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6820552].message }}

ResultsDriven

12 years ago

Originally Posted by panorama

I don't understand your question. The SEC's definition of a Ponzi is pretty clear. Also, ZeekRewards has been around for less than two years, with it mostly gaining traction within the last 12 months. Taking into account the amount of time necessary to perform a thorough investigation, I wouldn't say this "took a while". I think they actually moved pretty quickly.

What do you mean by "This actually makes us just want to wait for the next ponzi announcements by SEC"?

Considering ZeekRewards is as young as it is and it was still growing I'd say that the SEC moved REALLY fast. Kudos...

Another one bites the dust.

Thanks

{{ DiscussionBoard.errors[6821716].message }}

momakmak

12 years ago

I just want to say that I was involved in a post specifically about zeekrewards about 2 months ago that is not on the forum anymore. Most likely it was because of zeekrewards members spamming it with their offers trying to recruit more victims. Why it got deleted is just my guess.

Me, panorama, and another member (forgot his wf name) listed a lot of links of suspicious activity and truthful reviews of zeek rewards. It was not difficult, but also not the easiest material to get since loyal zeek members saturated the internet with "Is it a scam? - no its not so join us now" sales pitches.

We could not have made it any more clear of how it was a ponzi scheme. By the end of the thread the loyal members of zeek kept on fighting us until finally, I gave up and left it alone.

Take this as a lesson to all of you who read what we had to tell you. Your ignorance hurt the pockets of yourself and others.

Why would we want to tell you a negative truth about a company and warn you to get out while you had a chance. Did you honestly think we were all jealous or said what we did for fun? Did you think we were saying that stuff because we all had are own penny auctions and did not want the competition? I would like to know.

We tried to help you, yet some of you poor saps are still in denial. Im sorry for your losses. A great lesson learned.

[ 1 ] Thanks

{{ DiscussionBoard.errors[6825856].message }}

kjsingh12

12 years ago

The SEC has shut down Zeek Rewards, as a Ponzy Scheme. I was a member, but luckily I did not invest any money.

Thanks

{{ DiscussionBoard.errors[6827255].message }}

saralees

12 years ago

I heard Zeek rewards got canned , is this true or just hypie BS ?

Thanks
1 reply

Signature

Got great listings in Google? , this can help!

http://schemamarkupplugin.com

{{ DiscussionBoard.errors[6829699].message }}

abrandt 12 years ago
To all you self-righteous pundits:

Since there is no bashing permitted in this forum, I am just going to thank you all for radiating your perfection on the rest of us. I am happy to have examples such as yourselves who have:
- Never made a bad call in your life...
- Never made a bad business decision...
- Never said or did the wrong thing at the wrong time...
Have you ever considered moving to Europe where all:
- Your social needs are taken care of...
- There is no need for risk or innovative thinking...
- All you needs will be taken care of for you.
Everyone I brought into Zeekler did so with OPEN EYES. I do not know or associate with AUTOMATONS. All of my associates are or have been successful business people.

We all understood together the following:
- There is a governmental bias and adverse legal environment towards the MLM / Network marketing industry as a whole.
- There is an growing governmental bias and adverse legal environment towards the Penny Auction industry.
- No one anticipated the CEO was lying through his teeth.
.
ALL OF MY RECRUITS understood the above... we discussed it... we weighed the potential risks.

NO ONE ANTICIPATED THE 3RD BULLET ABOVE.

I find it interesting that not one of my Zeekler associates has made a peep about Zeekler's demise... outside of intelligently acknowledging the circumstances and events.

I acknowledge that all of you PUNDITS understood all these risks a mile away... and now have the AUTHORITY and swagger to be mighty PONTIFICATORS.

In that Zeekler's CEO capitulated and admitted his business was indeed a PONZI SCHEME... and he pulled the wool over everyone's eyes (except for yours)... Zeekler is history.
.
There will be additional fallout from this case as well:
- The MLM industry will fall under much tighter scrutiny.
- The Penny Auction industry's future is likely more uncertain.
.
ENRON fooled everybody in bright daylight. All regulators... investors... industry competitors, etc.
.
If the CEO is realistically responsible for the alleged ponzi scheme as purported... then he should be raked over the coals.
.
As for all the rest of you know-it-all dudes... why don't you let it rest.
- You've made your point.
- We know you're smart... and everyone is stupid! (LOL)
.
End of story. Go on with your lives... and may the Force be with you!
.
Alan
- Thanks
- 1 reply
{{ DiscussionBoard.errors[6830716].message }}
- ResultsDriven 12 years ago
  
  [DELETED]
  
  {{ DiscussionBoard.errors[6832214].message }}
  
  John F Kennedy 12 years ago
  
  Penny auction sites are popping up all over the place, they certainly are fashionable at the moment.
  
  The big problem of course is that all said and done Zeek was a Ponzi scheme. Whilst they tried their best to hide this, they were of which will always be a problem as the US government look to shut Ponzi's down.
  
  This is highlighted as a Ponzi when members aren't getting paid because there is no money until new members or existing members refill the pot.
  
  I personally steer clear of these type of companies and with due diligence only decide upon Companies offering a real product or service. None more so than Banners Broker whom actually sell advertising space and add impressions. A real business offering a real service with substantial earning potential to match.
  
  See Video to explain how it works:
  
  http://youtu.be/CA_7sXKogf4
  
  Thanks
  
  Signature
  
  A Realistic Extra Income For The Average Joe
  
  {{ DiscussionBoard.errors[6832411].message }}
- Black Hat Cat Banned 12 years ago
  
  Originally Posted by abrandt
  
  [B] We know you're smart... and everyone is stupid! (LOL)
  .
  Alan
  
  Not everyone. Just those who thought Zeek Rewards was legit, lol.
  
  [ 1 ] Thanks
  
  {{ DiscussionBoard.errors[6835861].message }}

momakmak

12 years ago

Abrandt, I wish you the best of luck in your future investments. No hard feelings to you.

We are all here together trying to better ourselves because we understand there is much to learn. I will probably consider myself a newb even after I make my first 6 figures.

May the force be you with you too.

[ 1 ] Thanks

{{ DiscussionBoard.errors[6831849].message }}

ashcornejo

12 years ago

Did Zeek Get shut down? LMAO

Thanks

{{ DiscussionBoard.errors[6835079].message }}

ashcornejo

12 years ago

haha never mind saw everyone elses post above me!

Thanks

{{ DiscussionBoard.errors[6835086].message }}

seosoldier

12 years ago

I tried to talk friends out of it but they wouldn't listen. Now I've gained a little respect in their eyes, I think.

Thanks

Signature

> My Promise To You: I will never promote any offer I do not truly believe to be 100% worth buying and using!
https://bestwaterfilter.us

{{ DiscussionBoard.errors[6841182].message }}

idoitbigtime

12 years ago

LOL Listen What he ot to say about ZeekRewards
Lost Your Zeek Rewards Income?

Thanks
1 reply

Signature

"How To Make $100+ A Day On Facebook
With Only 30 - 60 Mins Work!" (step by step)

{{ DiscussionBoard.errors[6847259].message }}

johninmn 12 years ago

Originally Posted by idoitbigtime

LOL Listen What he ot to say about ZeekRewards
Lost Your Zeek Rewards Income?

This joker does paid promos and testimonials. You can find him on Fiverr.
- Thanks
Signature

mobile mobile mobile mobile etc....
{{ DiscussionBoard.errors[6864616].message }}

Jackaroo

12 years ago

Originally Posted by HawkPrecision

I'm looking for a fairly passive way to make money(Even if only 25 cents a day). I heard about Zeek Rewards and I'm interested, but I would like to get a few opinions on the site.

I figure I can check out reviews probably written by freelance writers, or I can go directly to the source that hopefully won't lie to me if I get enough opinions.

Zeek Rewards legit or scam?

Zeek Rewards has been closed down, rightly or wrongly by a court action innitiated by the North Carolina SEC. It's all still in the melting pot and I'm waiting to find out if a) the proposed class action will work OR b) if so called Victims will get their cash back. Check out this URL Affilliate members are being asked to make a donation to fight against the high handed and not very accurate picture portrayed to the judge to get an emergency shut down. http://budurl.com/7444

[ 1 ] Thanks
1 reply

{{ DiscussionBoard.errors[6861500].message }}

abrandt

12 years ago

Jackaroo:

Thank you for the LINK.

Fact is... we DON'T know the facts. Aside from all the noise of the jackals and hyenas of this WF thread and from within our own government... we don't know the FACTS. The bad news from the start is: the CEO, Paul Burkes, capitulated from the onset... so to the best of my knowledge... there does not appear to be anyone with backing or financial resources to defend Zeekler (if not operating as a Ponzi)... and more importantly the TRUTH of what has actually come down in this case. We'll just have to wait and see.

Alan

Resources:

Originally Posted by Jackaroo

Zeek Rewards has been closed down, rightly or wrongly by a court action innitiated by the North Carolina SEC. It's all still in the melting pot and I'm waiting to find out if a) the proposed class action will work OR b) if so called Victims will get their cash back. Check out this URL Affilliate members are being asked to make a donation to fight against the high handed and not very accurate picture portrayed to the judge to get an emergency shut down. http://budurl.com/7444

Thanks
1 reply

{{ DiscussionBoard.errors[6862493].message }}

Black Hat Cat

Banned 12 years ago

Originally Posted by abrandt

Jackaroo:

Thank you for the LINK.

Fact is... we DON'T know the facts. Aside from all the noise of the jackals and hyenas of this WF thread and from within our own government... we don't know the FACTS.

Keep telling yourself that, lol. It's only "noise" to you because you aren't interested in the facts. That's cool, but it doesn't make the facts go away.

Jackals and Hyenas - 1
Gullible Zeekers - 0

We win.

[ 1 ] Thanks
1 reply

{{ DiscussionBoard.errors[6863525].message }}

rbowen 12 years ago

Anybody remember Bernie Madoff?
- Thanks
{{ DiscussionBoard.errors[6864423].message }}

justlikethat

12 years ago

People act like everyone lost their money in Zeek without realizing 90% of them made money. It's just the last 10% who invested after they changed banks who got burnt. If the SEC were to just pay out the initial investment to just those who didn't cash out all their initial investments there actually would be quite a bit of money left. Of course if you are paying out the actual payouts then there isn't enough. Where does that money go??? Into big brother's pockets.

This guy by willing to pay out the intial investments may have saved everyone's hide. I can't say we know he intentionally wanted to be scum. Sometimes businesses fail by error in calculations. If every failed businesss was a scam, well there are a lot of dirt bags in the world. Who is anyone to judge.

Just being objective.

Second, have you ever got a ticket you knew you were innocent of but didn't contest. These things happen. The legal system is a pain that robs you of time and money. Might as well pay.

Thanks
1 reply

{{ DiscussionBoard.errors[6888062].message }}

panorama

12 years ago

Originally Posted by justlikethat

People act like everyone lost their money in Zeek without realizing 90% of them made money. It's just the last 10% who invested after they changed banks who got burnt. If the SEC were to just pay out the initial investment to just those who didn't cash out all their initial investments there actually would be quite a bit of money left.

You're making assumptions without any basis, leading to a flawed conclusion.

First, I can pretty much guarantee than 90% of affiliates did not make money (actual cash withdrawn vs cash invested). The way that Ponzi schemes work is that the early investors will make money, but later investors suffer losses.

This occurs because Ponzi's are structured like a pyramid, with different "levels". The first round of investors would make up the top of the pyramid. As they recruit people, and their recruits also recruit people, the base of the pyramid gets wider. So, for every early investor who made money, there are multiples of people below them who lost.

That's just how Ponzis work and they ultimately collapse when there aren't enough people at the bottom of the pyramid pumping money into the system to continue the payouts.

That being said, I won't pretend to know how many people made money, and how many lost, but you can make reasonable assumptions based on the SEC allegations. It was an alleged $600 million Ponzi scheme and the SEC claims only about $375 million (62.5%) has been paid out. Most of this has gone to the (relatively) few investors at the top, so it is mathematically impossible for 90% of affiliates to have made money. Even if you assume it was distributed proportionally, at most, only 62.5% of investors would break-even on their investment. Granted, there was still cash on hand when the SEC froze all, but it still wouldn't support your claim. You can take the analysis even further, but this illustrates the point. Given the number of claims from early investors about how much they profited, I'd actually contend that it's more likely 90% of affiliates LOST money, and only 10% made money.

Originally Posted by justlikethat

Of course if you are paying out the actual payouts then there isn't enough. Where does that money go??? Into big brother's pockets.

Like I said, most of the actual payouts went to early investors at the top of the pyramid. It's likely that the SEC will attempt to claw back some profits from those guys to help payoff those who lost, but "big brother" doesn't get anything. Lawyers are the only ones who will get rich here.

Originally Posted by justlikethat

This guy by willing to pay out the intial investments may have saved everyone's hide. I can't say we know he intentionally wanted to be scum. Sometimes businesses fail by error in calculations. If every failed businesss was a scam, well there are a lot of dirt bags in the world. Who is anyone to judge.

What do you mean he "may have saved everyone's hides"? Troy Dooly has posted a video where Paul Burks, effectively admits that ZR was a Ponzi. Start watching at about the 36 minute mark.

Breaking Zeek Rewards News: Paul Burks Founder Rex Venture Group Tells Zeek Story In His Own Words - YouTube

Additionally, the SEC alleges that he was making up the daily payout percentage rather than it being a percentage of the profits. If that's true (and there are ways to analytically support this claim), then he did set this up intentionally.

Originally Posted by justlikethat

Second, have you ever got a ticket you knew you were innocent of but didn't contest. These things happen. The legal system is a pain that robs you of time and money. Might as well pay.

Regarding your ticket example, I'm not saying he's guilty because he didn't contest the claims. I'm alleging he's guilty because all the facts I've seen support this conclusion. I also don't think you can compare a $4 million payment to a $50 parking ticket. Most people would think that's worth fighting for, no matter how big a pain in the ass it is.

Thanks

Signature

Comparison of Amazing Selling Machine & Other Private Label Alternatives (Updated April 2015)
Copy Meets Design - Copywriting and design services exclusively for Amazon listings
Email: dax@daxdeegan.com
Phone/Text: 917-338-9644

{{ DiscussionBoard.errors[6888630].message }}

BOKKE

12 years ago

Paul Burks and his partners, should be investigated on all their Ponzi Schemes.

They have been scheming millions of people out their money.

All their schemes are based on ponzi model. Here is just a few: Free Store Club, Newnet Mail, NewNet Life, NewNet Friends, Light House America, GoGohub, to name a few.

Rex Venture Group is the mother company. When I saw Zeek Rewards just when they launched, I warned everybody on my list and where ever I could to stay away. At least I can say Today "I told You So"

This guy must be locked up as a major scam artist

Thanks

{{ DiscussionBoard.errors[6893761].message }}

mrozlat

12 years ago

what's the latest news on this?

Thanks
1 reply

Signature

CLICK HERE To Submit A Guest Post On A Popular Health Website

{{ DiscussionBoard.errors[6933649].message }}

LOWESTCOSTWIRELESS 12 years ago

Originally Posted by mrozlat

what's the latest news on this?

RIP, no matter what some are doing to try and save Zeek deal, it is toast, so don't believe anything other than what SEC settlement states, Paul Burkes buckled under threat of criminal prosecution that he caved under civil prosecution and settled for a $4M penalty to walk away and hand it all over to SEC receiver. With $600M brought in, and gov. bankrupt, this is how they operate.

Was Zeek an outright scam, not in my research, and although I saw the red flags, and have known Paul for decades, he was way over his head, and the legal advice he got was too little too late as I see it. For him to take deal to settle so quickly, that says it all, so RIP Zeek, but this deal is dead. Why, because they labeled it a three bagger, an investment, a pyramid and for good measure, they through in ponzi which even if only one claim was made, it would be enough to bring down any company, but all three, this was unheard of in the world of over regulation.

One thing for sure, penny auction industry is exploding, and will continue to grow given the fact that those who learn the secret to winning name brand merchandise is a great way to save money. Zeek took the wrong path as I saw it, they were cashing in and paying commissions on bid sales, not actual auction sales, and this was a big red flag to me and why I didn't take personal invitation when Zeek started. Sad to say many I know did take the plunge, but hey, many made great money while it lasted, but many more lost money, and rarely does gov. work in the interest of victims, they operate on greed and will suck as much from this deal as possible first.

The lesson is, any penny auction which operates as an affiliate or MLM must keep the focus on the auctions, and any and all commissions must be derived from the sale of merchandise profits, not simply purchasing bids which is what Zeek payed out on. And this is why it was labeled an investment, members would buy bids and only 2% were ever used, and that is a big red flag which indicated ponzi pyramid deal to regulators and why the charges were all three, unregistered investment, ponzi and pyramid, a perfect storm of over regulation similar to hurricane Sandy.

Bottom line, penny auctions are big money makers if properly structured with commissions coming from profits generated by the auctions, not the bid purchases. Mandating the purchased bids are used, not stock piled like Zeek. I have been using and evaluating a half dozen penny auction sites for almost five years, and have done well on bidding knowing the secrets to winning big, but I was always looking for a business opportunity at same time, but everyone including Zeek deal had too many red flags to date. The one I am evaluating who has done it right just may be the Mother load when it comes to business opportunities in the penny auction world, so time will tell, but looking promising to date in pre-launch stage. Time will tell as it always does, but Zeek is dead.

Success to all,
- Thanks
- 1 reply
Signature
FREE INSTANT PASSIVE INCOME SYSTEM
{{ DiscussionBoard.errors[7267429].message }}
- KingArthur 12 years ago
  
  I just copied and pasted the below report from another forum. It may be helpful to some people here.
  
  Here is the report I copied and pasted:
  
  No matter what happens there are those who are so set on proving their point that even if Zeek came alive again they would either deny it or argue that a mistake was made by the government for allowing Zeek to operate again.
  
  After studying U.S. Politics as a foreign Zeek affiliate I have come to the conclusion that the two opposing sides about the Zeek issue can be put into two different camps.
  
  1. The Republicans side with business and believe the government took Zeek down through lies and misuse of the law. They want the government to cough up the money they seized and allow Zeek to function again.
  
  2. The democrats side with the government and believe what the government said about Zeek and want claw backs to be done and money to be restored from the Zeek entrepreneurs instead of from the government.
  
  The report below is about the most encouraging report I have read so far, and again, even if Zeek was restored to its former glory, the old faithfuls that come on here and bash Zeek would still be bashing it when it is restored or they simply would be in a state of abnormal psychological denial and not believe it was functioning again.
  
  Very important Zeek update from Richard Trotter...
  
  The following are some of the items touched on by Robert Craddock
  on the ZeekRewards conference call I listened to. I was taking
  notes as fast as I could but I might have missed a few things.
  
  1. We have 3 attorneys working on the case and their first order
  of business is to get the money being held in all of the eWallets
  released back to the affiliates. The SEC claims that NxPay was
  an extension of ZeekRewards and that is why the money was frozen
  in there. NxPay has to show that they are an independent eWallet
  company and not owned by ZeekRewards. Our attorneys are typing
  up motions that are going to be submitted to the judge in the
  next few weeks to have the money released from the eWallets.
  This is ONLY the money sitting in the eWallets, not any potential
  commissions that were requested and still pending in ZeekRewards.
  
  2. The attorneys see NO VICTIMS (except at the hand of the SEC)
  and NO Securities being bought or sold through ZeekRewards. The
  SEC was required to file their motion in front of the judge for
  the liquidation process. The judge is not obligated to grant
  their request. The SEC did not anticipate anybody standing up
  and fighting for ZeekRewards. Our attorneys said that the
  information the SEC received is not accurate and the SEC made it
  look like Paul was guilty, when he was in fact innocent.
  
  3. Robert Craddock and the attorneys will be announcing the
  court date and want at least 2000 people to come to North
  Carolina to support ZeekRewards and to show that there were no
  victims and that they need to release the funds from the
  eWallets. This will get the attention of the media and show
  everyone that we support our company. The only victims are the
  ones that have been created when the SEC took our company and
  stole our money.
  
  4. The reason the NC DOJ was alerted about our company is because
  ZeekRewards grew too big too fast and people were taking all of
  their money out of their banks and credit unions to acquire
  bids. The smaller banks and credit unions were losing money.
  They panicked and were working together to stop this by spreading
  lies about the operations of ZeekRewards.
  
  5. When Paul Burks received the civil request from the NC DOJ,
  his small town attorney advised him to give up. Noel has no
  experience in this area and he gave Paul Burks extremely bad
  legal advice. Paul admits he was under duress when he handed
  ZeekRewards over and now wants to clear his name. He knows we
  are fighting for him and fighting to reopen ZeekRewards.
  
  6. The SEC wants to vaporize the entire data base of ZeekRewards
  so nobody has any documentation of the company or anything that
  has happened; but our attorneys are not letting that happen.
  Everything in the back office is currently still there. The SEC
  has filed a motion to vaporize everything and our attorney's are
  fighting that motion. If we prevail, what happens to all of that
  information is up to Paul Burks.
  
  7. Our attorneys said there will likely be NO CLAWBACKS. They
  said Kenneth Bell was improper in saying that. All three of our
  attorneys have worked as receivers so they know exactly how the
  process works. One of our attorneys is only 1 of 2 in the
  nation who has the highest credentials for fighting this.
  He was a senior enforcement officer with the SEC, was a
  federal prosecutor who knows all about insider trading,
  bank fraud, mail fraud and tax fraud.
  
  8. When Kevin Grimes was brought on by ZeekRewards it was solely
  for the compliance video. There was nothing he could do when
  Paul was advised by his personal attorney to give up.
  
  9. If Paul does not want to step back in and run ZeekRewards he
  has two choices. He can appoint someone to run it for him.
  There are a few people who have already volunteered to take over
  and run Zeek 2.0. Or he can sell it and there are some people
  who have already said they will take it over.
  
  10. After the verdict is handed down (and we win), it will
  take at least 2 months to have ZeekRewards back up and running.
  Robert Craddock said everything is looking really good right now
  but we are walking on thin ice so that is why everything is
  taking so long. We have to be extremely careful with all of the
  motions that are filed.
  
  11. The reason the North Carolina DOJ dropped all of the charges
  is because they found NO VICTIMS and NO SECURITIES. The SEC
  might have a different opinion. Robert Craddock has to attend
  all of the court hearings. He believes that Zeek will be proven
  to be a solid and legal business model. He said they will be
  able to prove that the money being paid from ZeekRewards to the
  affiliates was from the success of the auctions. The points that
  everyone had was not money. They were just points. We were
  only paid from the profits from the auctions. This has been
  proven by the profit and loss statements that were requested by
  the SEC. Paul Burks attorney (Noel) said he wished he would
  have known this information before he gave Paul such bad legal
  advice.
  
  12. Robert said that the Judge is not dismissing our arguments so
  we are able to move forward with everything. Robert also said
  that the SEC has spent about $50,000 to $60,000 of ZeekRewards
  money so far on this case. He said right now the money that we
  all have donated is enough to pay our attorneys. He did say that
  at some point in the future we might be asked to donate $10 more.
  
  When the first donations poured in, 2/3 of it came from outside
  of the United States.
  
  We need to stay positive and know that our attorneys are doing
  everything in their power to prove our company should be restored
  to us as soon as possible.
  
  Thanks
  
  Signature
  FREE LEADS with voicemail marketing system and EFFECTIVE voicemail marketing training
  
  {{ DiscussionBoard.errors[7268672].message }}

Zeek Rewards Genuine Way To Make Money?

Trending Topics

Why My Website is Not Indexed in Google?

How to sell ebooks if your legal entity in the country which which publishers doesnt work

I didn't know this - am I the only one?

An Amazon fail

Facebook Ads CPM skyrocketed as purchases increased. What can I do?