Zeek Rewards was shut down by U.S. Securities and Exchange Commission
SEC shuts down $600 Million Online Pyramid and Ponzi Scheme last week.
Please find details on SEC official site here.
Please find details on SEC official site here.
98% Zeek Rewards profit sharing is funds received from new members, NOT from Retail Sales. Zeek Rewards model cannot sustain the daily 1.5% average compounding returns. SEC's emergency action to shut down Zeek Rewards assures that victims can minimize their losses and avoid causing more victims domestically and globally.
According to SEC’s complaint, ZeekRewards has paid out nearly $375 million to investors to date and holds approximately $225 million in investor funds. The company Rex Venture Group have raised money from more than one million Internet customers since January 2011.
Even though the court has appointed a receiver to collect, marshal, manage and distribute remaining assets for return to harmed investors, the investors will not be able to get all their funds back due to large numbers of victims.
So what can you do next now?
• Move on!
• Make the right decision!
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