Monday, May 12, 2014

ZeekRewards Ponzi STILL Screwing Victims long after it was closed in August 2012.

It is now coming up on 2 years since Zeek Rewards ponzi scheme was closed in August 2012, and we are once again reminded how wide-reaching this scam was, and how the effects of the scam continues to haunt its victims even today, but probably not in the way you think.

MarketWatch (Photo credit: Wikipedia)
An article on MarketWatch named the 4 biggest blunders a retirement saver can make, and one of them is listed as "emotional missteps".  Basically, after getting scammed by Zeek Rewards, the victims can react by choosing a super-conservative investment, simply because it is "low risk" when they can choose a higher yield (and more fitting to their risk profile) investment. So in effect, they CONTINUE to lose money due to Zeek, long after Zeek was closed.

This is compounded by the loss of interest on the money lost to Zeek, even if some of it is expected to be returned soon by the receiver.

There is a Chinese saying for this: "Bitten by snake once, fear hemp rope for 10 years." The western version is "Once bitten, twice shy."

But you will be getting back something soon (in a few months), if you've accepted the claim figures sent by the receiver. Of course, it's better to have never fallen for the scam in the first place.

But that's why you need to read skeptical blogs, rather than "avoid negativity".
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