Friday, August 17, 2012

***UPDATE***SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme

So sad for everyone involved. I feel bad for those that have trusted in Zeek.  It must be a sad day in Zeek-land.  My condolences.

"SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme

FOR IMMEDIATE RELEASE
2012-160

Washington, D.C., Aug. 17, 2012 – The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze to halt a $600 million Ponzi scheme on the verge of collapse. The emergency action assures that victims can recoup more of their money and potentially avoid devastating losses.
The SEC alleges that online marketer Paul Burks of Lexington, N.C. and his company Rex Venture Group have raised money from more than one million Internet customers nationwide and overseas through the website ZeekRewards.com, which they began in January 2011."

see http://www.sec.gov/news/press/2012/2012-160.htm


Consumers who wish to contact the Attorney General’s Office about Zeekler/Zeek Rewards can send an email to zeek@ncdoj.gov.

Read the newest "Beware" page! **HERE**

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