$600 million Ponzi scheme

anybody who invested in Zeek Rewards or Zeekler, please check out CNN money website. The SEC has shut them downfor running a PONZI SCHEME.

ZEEK wrote:

anybody who invested in Zeek Rewards or Zeekler, please check out CNN money website. The SEC has shut them downfor running a PONZI SCHEME.

Had a friend trying to sell me in it but I couldn't see how it couldn't be a fraud. Glad I didn't.

well there went about $1,000 i should have known better than to listen to the pitch i got.

idiot wrote:

well there went about $1,000 i should have known better than to listen to the pitch i got.

Did you go to some local (Marion) presentation they were having? I had an old coworker that I ran into trying to get me to go.

no i went to this womans house and got the pitch. atleast i didnt lose $10,000 like this one lady i know.

to be true, it probably is.

A good friend tried to get me to invest in this a while back. I told him then it was clearly a ponzi scheme, he disagreed. He was about $5000 in the last I knew, He has since passed away. Glad he didn't live to see this.

There's a customer (sucker) born every minute.~ P.T. Barnum

A lot of folks were duped. Thank goodness I didn't get involved. Some of my friends invested.

I don't think I really understand what happened. I had invested a great deal of money into this and was making a great deal of money back. I have never spoken to an affiliate who had any problems with the company. My problem is with the government not Zeek Rewards. At least let me draw my money out before you shut it down and take any assets I had.....

well according to the story on CNN there isnt enough money to pay back what they owe. hence it being a Ponzi scheme. they were using the new money coming in to pay out your checks but eventually it will collapse because they are stealing money and not making any money other than the money they take in from people like me and you

Was Doing Well In Zeek wrote:

I don't think I really understand what happened. I had invested a great deal of money into this and was making a great deal of money back. I have never spoken to an affiliate who had any problems with the company. My problem is with the government not Zeek Rewards. At least let me draw my money out before you shut it down and take any assets I had.....

Everyone would want to get out with their assets but it isn't there. That's the problem hence a scheme. Assets were frozen so as to divide as equally as possible.

Was Doing Well In Zeek wrote:

I don't think I really understand what happened. I had invested a great deal of money into this and was making a great deal of money back. I have never spoken to an affiliate who had any problems with the company. My problem is with the government not Zeek Rewards. At least let me draw my money out before you shut it down and take any assets I had.....

You didn't have any assets.They lied to you and robbed you.Why are you blaming the government? What part of Ponzi scheme do you not understand?

http://en.wikipedia.org/wiki/Ponzi_scheme

the question now is how far down the chain will they go after people? both criminally and financially. i expect a clawback against anybody who gained financially from this. if you took any checks and made a profit, i hope you havent spent it all...

the article said that up to 1 million people were signed up with Zeek. thats alot of pissed off people. can you imagine if you had signed up a bunch of family and friends....how embarrassing

All I can say is If the money is easy to make it can't be real.

I am happy this happened. All these greedy MF's deserve to lose all their money. Just like the people who got taken in by the Nigerian scammers.A fool and his money are soon parted.

All these morons decided since they had disposable income they could make money from the other idiots that believe that penny auctions can get them stuff for next to nothing. Dumb asses all around.

got pitched at a local beauty shop on main street that has closed the man doing the presentation was the guy from jewelry store beside shop glad i didn't buy in to it.

it was actually a brilliant idea. just had a few glitches. i think it paid out close to 4 million dollars so far. win some you loose some though. gotta have the stones to roll the dice

jon wrote:

it was actually a brilliant idea. just had a few glitches. i think it paid out close to 4 million dollars so far. win some you loose some though. gotta have the stones to roll the dice

Kinda like religion, right?

you do realise you said it paid out 4 million and it was a 600 million dollar Ponzi right? thats more than a damn "glitch" LOL