Friday, August 17, 2012

NEWSFLASH: SEC shuts down ZeekRewards as $600 million Ponzi scheme

The story is confirmed by SEC website, and picked up by all major news networks including CNN, FOX, CNBC, Reuters, and more.

ZeekRewards is no more. 

Owner Paul Burks already copped a plea deal with the SEC by surrendering ALL RVG assets and additional 4 million bucks he siphoned off from the company.

The company only has about 200 million left, most of which is STUCK at various payment processors.

98% of all its payouts came from other affiliates.

This thing was a scam from the very beginning, and while I am glad to have been proven right, I am sad that it took this long.

See below for links confirming the news.
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