This Article is About
rewards
profits
one thing
investments
long time
money
Zeek Rewards News The Latest SEC Update
Join 1000's of Authors at StreetArticles Today!

As many of you already know, the SEC shut down the organization known as Zeek Rewards and it's sister company Zeekler on August 17, 2012, alleging the company was engaged in a $600 million dollar ponzi scheme, by lieing about it's profits and paying members with other member's money through the use of a point system that was used to cover up it's "true" motives.

Since then many formers members and those interested in the company have wondered what the latest Zeek Rewards news and updates are and if there is any end in sight. Here is what we know so far:

Latest update as of 11/12/2012:

While the case is being investigated, a receiver has been hired to reclaim money from affiliates who profited off the company and give back the profits to those who lost money through the company. The process by which this is done is complaints are being filed by Zeek Rewards members who have lost their investments in the company. In addition to that, while searching through it's member's information, the receiver has been able to find members who have profited off the company.

These people have been asked to return their profits which will then be given out to those who have lost it. Although there is supposedly more than a million plus members that have put money into this organization, one thing is certain: This process will take a LONG time to sort out.

What has been released is that so far $300 million has been recovered and if you are a member who still has yet to receive your investment back, please be patient or file an official complaint with the receiver.

While it is not 100% guaranteed that everyone will get back what they lost, it is important to know that there are also "copycat" companies rising out of the fall of this one claiming to work the same way, but not engage in any fraudulent tactics.

Many officials have said that these companies are not to be trusted as they are likely trying to take advantage of previous members and bring them on board for what could potentially be another ponzi scheme in the making. If you are someone who is looking for other opportunities, please exercise caution before jumping on board to another type of company.

The rule of thumb here is pretty general: If it sound too good to be true, it may very well be that way! Easy money isn't easy, unless there is some sort of illegal activity involved. Please make sure to be careful and do your own research! Once again, if you were affected by the Zeek Rewards event, please file an official complaint if you haven't already done so.


Street Talk

No comments present
You May Also Like
The Rewards Of Owning A Pet
Owning a pet can be a rewarding life time of fun and enjoyment to our daily lives. Different pets can give us different signs and signals of happiness or when things are not going right. We can give them enjoyment by doing different things with them. Some pets need more…
By: Daniel Anderson in  Pets   Feb 17, 2012  
1
  Likes: 1

Home Based Businesss Priceless Rewards
When embarking on a venture to establish a business of your own creation, the ultimate goal must be more than the pursuit of a pile of money. At the heart of each great venture should be a desire to make a difference in others lives. To somehow become a pillar…
By: Sherrill Darby in  Home Based Business   Jun 18, 2011  
0
  Likes: 0

How Does Zeek Rewards Work?
Zeek Rewards was and still is a very popular business that many people have both criticized and praised. Recently however, the organization came under attack from the Securities & Exchange Commission for supposedly being involved in a ponzi scheme of epic proportions. Although we have yet to see if this…
By:  in  Internet and Businesses Online   Aug 28, 2012  
0
  Likes: 1

Let Your Man Do the Chasing And Reap the Rewards
If you want to know how to have a deep, strong relationship, let your man do the chasing! Not only does this take a tremendous amount of work and pressure off of you, but you will know beyond a shadow of a doubt that your man is ready, willing and…
By: Patricia Bruce in  Relationships  >  Commitment   Sep 09, 2012  
0
  Likes: 1

Is Zeek Rewards Coming Back?
Since it was shut down by the Securities & Exchange Commission on August 17, 2012, both former members and people interested in the company known as Zeek Rewards have wondered if it will ever come back. As it stands right now, the answer is most likely no, but what are…
By:  in  Internet and Businesses Online   Nov 17, 2012  
0
  Likes: 2

Train Your Dog With Patience And Time
When you start training your dog, don't think that they are instantly going to follow your instructions. A dog does not understand things in the same way that humans do. So when you are training your dog, you need to have a great deal of patience and time. Keep treats…
By: Elaine Roger in  Pets  >  Dogs   Jun 09, 2011  
0
  Likes: 1

Logo Design Services In Dubai
The logo is considered to be the heart of the company. It can be anything such a symbol or animal or initials of the company. This is very important because it helps to outline the importance of having an integrated strategy when selecting the proper logo. A professional logo represents…
By: Myka Angela in  Internet and Businesses Online  >  Web Design   Jun 08, 2016  
1
  Likes: 3

How to Sell Digital Camera
Types of Digital Cameras There are many kinds of digital cameras on the market, each with its own purpose and key advantages. It's important to consider the cost of the cameras as well as the features they offer. Digital SLR Camera Also known as a DSLR, this is the most…
By: Ervin in  Internet and Businesses Online  >  Ecommerce   Jun 08, 2016  
1
  Likes: 4

How to Find Real Clothing Dropship Suppliers And Make More Money !
Learning to find real clothing dropship suppliers is one of the most important skills that you can develop as an online marketer selling clothing. Not just any dropshipper , but dropshipper that will deliver on time, sell you products at a price where you can make 20-50% markup on the…
By: Ervin in  Internet and Businesses Online  >  Ecommerce   Jun 07, 2016  
0
  Likes: 0

Dropshipping With Cheap Wholesale Dropshippers
The main concept of dropshipping is selling products you don’t actually own. Working with cheap wholesale dropshippers is not only a product acquisition model, but also includes product fulfillment. The process works by taking orders from your online business and forwarding them to supplier/ cheap wholesale dropshippers . They in…
By: Ervin in  Internet and Businesses Online  >  Ecommerce   Jun 07, 2016  
0
  Likes: 1

Myths You Probably Don’t Know About Hyperconverged Infrastructure
Hyperconvergence is an integration of compute and virtualization resources in a single server system. As efficient as it could be, the goal is to minimize the complexities and simplify management approach. Nevertheless, a newly emerged concept, hyperconvergence is often misinterpreted and the conclusion created is mostly wrong. It’s not their…
By: Priti Shetti in  Internet and Businesses Online  >  Web Hosting   Jun 07, 2016  
0
  Likes: 0

Choosing A Mobile Apps Development Company In India
There are several aspects you need to look into while choosing the right mobile application development company for your needs. Businesses these days are heavily dependent on sophisticated tools and user interfaces to engage the modern customers. Therefore most businesses are these days getting sophisticated applications developed to support the…
By: John Hrq in  Internet and Businesses Online  >  Internet Marketing   Jun 07, 2016  
0
  Likes: 1

Effective Ways to Design A Template Website
A website can be designed attractive by using advanced templates. Choosing a great template can help business owners to establish their online business much faster on the Internet by using social networking sites. Many companies offer an affordable price or even free of cost templates, making it a popular choice…
By: Ethan Jones in  Internet and Businesses Online  >  Web Design   Jun 04, 2016  
1
  Likes: 1

Creating The Right Online Marketing Strategy
People that own a website are often quite anxious about their needs for reaching out to consumers. Owners are continually faced with a unique base of challenges when trying to remain competitive with comparable pages in their niche while also considering their budgetary constraints which can seem counter intuitive on…
  Likes: 1

Picking the Right Country for Offshore Staffing
From its roots as a practice pervasive in assembling organizations, outsourcing has developed to wind up an industry in itself. There are different nations that have grasped seaward staffing and different parts of the outsourcing field. The sheer number of different errands and occupations that can be outsourced is noteworthy,…
By: Zeeshan Ahmad in  Internet and Businesses Online  >  Web Development   Jun 04, 2016  
1
  Likes: 1

Article Views: 1447    Report this Article