Information about Zeekler/Zeek Rewards
Based
on complaints filed by consumers, last month we issued a civil
investigative demand to Zeekler, a penny auction website based in
Lexington, NC, seeking records so we could examine its business
practices. We have started receiving those documents and are continuing
to investigate the company.
Zeekler apparently shut down its website and closed its doors overnight, leaving many consumers with questions.
On August 17, 2012, Rex Venture Group, the parent company of Zeekler and Zeek Rewards, entered into a settlement
with the U.S. Securities and Exchange Commission (SEC). The SEC alleged
that Rex Venture Group was engaged in the unregistered sale of
securities. Our office had expressed concerns about Zeekler publicly as
well as to federal law enforcement. A receiver has been appointed to
take over the business.
Consumers
who are part of Zeekler should contact the receiver appointed by the
court to handle the company’s assets. We will share the receiver’s
contact information as soon as it becomes available.
If someone offers you the opportunity to buy into a business, remember:
· Be skeptical of high earnings claims
· Be especially cautious if the focus is on recruiting new members and selling products or services to them as they join.
·
Check out the company with our office and the Better Business Bureau.
You can contact our Consumer Protection Division at 1-877-5-NO-SCAM or ncdoj.gov/.
· And if it sounds too good to be true, it probably is.
