This happened because Ponzi schemes always collapse. If the SEC hadn't stepped in it would have collapsed soon on its own. I feel bad for you who invested in this, but I have been preaching all along to stay away from anything that even SMELLS Ponzi'ish. The only ones who get rich are the originators, if they're smart enough to siphon off and hide the profits.
There is no more and never was a system ZEEK as what the were doing is illegal in the SEC's book! ANY programs like that based in America will go away because they fall under a PONZI scheme ;--)
Doomed to fail is a better term Nnamdi ... Such programs are the true SCAMS online, not the programs that fail simply because of administration or operation errors.
A note to all readers: Take heed of this latest event and get real about expectations for establishing an online business.
It is not easy
It is not guaranteed
..and
It is not at all likely to be in profit 'overnight' !!
Search for this "SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme" on the SEC dot gov website, you'll understand why, Zeek Rewards has been shut down
Comments (18)
Bansidhar Sahu
6
on line Business
ponzi schemes site should be punished.
faii acy
16
GPT Site Owner/Operator
This happened because Ponzi schemes always collapse. If the SEC hadn't stepped in it would have collapsed soon on its own. I feel bad for you who invested in this, but I have been preaching all along to stay away from anything that even SMELLS Ponzi'ish. The only ones who get rich are the originators, if they're smart enough to siphon off and hide the profits.
Gunadi Dwipha Hadi
7
ONLINE BUSINESS
This is the end means zeek History ............. why this would happen
Steven A. Donaldson
20
Native speaking English teacher
There is no more and never was a system ZEEK as what the were doing is illegal in the SEC's book! ANY programs like that based in America will go away because they fall under a PONZI scheme ;--)
Gunadi Dwipha Hadi
7
ONLINE BUSINESS
I think nothing is wrong anyway, I really like the system zeek
Est Lagrange
7
Owner EstWestGroup
Yeah, it's been done for a couple days now.
Szabolcs Titko
15
Working on future
It's really pity. I didn't except this from SEC.
Mainsah G.
4
Photographer, blog designer, freelance
Never know it was at this level
Mainsah G.
4
Photographer, blog designer, freelance
the advert with zeek are static. the same advert everyday. No change and it makes it borig for visitors seeing the same adds everyday
Samantha Delaney
10
Success Mentor
I am so sorry for what happened to all of you that invested in Zeek I can help you start over if you like with a honest legit program.
Nnamdi A.
17
Internet Marketer
Smita, try something else that is real like marketing affiliate programs. I can guide you if you like.
SMITA VIBHUTE
9
Home based job provider
i ruined my good income in zeek
Peter Watson aka sur...
11
Build an Income Online
Doomed to fail is a better term Nnamdi ... Such programs are the true SCAMS online, not the programs that fail simply because of administration or operation errors.
A note to all readers: Take heed of this latest event and get real about expectations for establishing an online business.
It is not easy
It is not guaranteed
..and
It is not at all likely to be in profit 'overnight' !!
Beware of the hype!
Nnamdi A.
17
Internet Marketer
What a pity; another program fails, investors' hopes dashed, $$$$s lost!
Rob aka Cerberus
17
Better World Partisan
See the latest discussion in "The Internet Scams Anonymous Groups" APSense Group.
IAM S.
9
Freelancer
So sad ending,..
Really sorry too because I know some friends joined this site...
Aaron M.
12
Financial Advisor
I see so it was shut down, thanks Philippe, and to the affiliates I am sorry to hear that.
Philippe Moisan
16
Tutorial videos, sci-fi writer
Search for this "SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme" on the SEC dot gov website, you'll understand why, Zeek Rewards has been shut down