tag:blogger.com,1999:blog-7600505010903219424.post885297117209238206..comments2024-03-27T17:02:31.780-07:00Comments on A (MLM) Skeptic: Rebuttal to "Russian Lawyer for Zeek" GuyReviewshttp://www.blogger.com/profile/17270600804829601202noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-7600505010903219424.post-5596012662340760962012-08-30T13:54:58.213-07:002012-08-30T13:54:58.213-07:00Joe Mama here.
"SEC claims that there was no...Joe Mama here.<br /><br />"SEC claims that there was no full use of bids.<br />We have the right to decide what to do with bids after buying them. To use or not to use is left to our choice."<br /><br />The problem the SEC had with the bids, other than being purely internal consumption when it comes to an MLM, is that since less than 1% of the bids purchased were actually being used in the auctions, it proves that Zeek was a ponzi scheme since most of the money was coming from affiliates to pay other affiliates. Very little bids being used means that the penny auctions weren't generating the revenue that was claimed. She's not even disputing that point, she's basically saying, "Zeek sold bids and gave away free bids. It's not Zeek's fault that not all bids were used." The fact that very few bids were actually used should be a clue that the "50% of daily profits" thing was a lie.Anonymousnoreply@blogger.com