Back in January 2011 Zeek Rewards launched what was to be the first combination of a MLM investment based hybrid compensation plan with a penny auction front-end. The amount of revenue generated as affiliates flocked to the company and threw money at it didn’t go unnoticed in the industry and roughly one year later in [...]
There is no information on the MobPoint website indicating who runs or owns the business. The domain ‘mobpoint.net’ however was registered on the 9th March 2012 and lists a ‘Saroukhan Minasyan’ as the domain owner, operating out of the state of Arizona in the US. Earlier this year in January, using the same email address [...]
Despite a dubious looking business model and mountain of ongoing concerns and dramas engulfing MLM penny auction sites Zeek Rewards and Zeekler, one thing that can’t be denied is the schemes ability to attract members willing to pump money into it. Something that obviously hasn’t gone unnoticed if you take a look at the recent [...]
An e-wallet, as the name suggests, is an electronic wallet that you fund with real money. After funding your account you’re then able to electronically send money all over the world to people or companies, with the idea being that after the money is sent, the receiving party is able to withdraw the money out. [...]
Back in 2006 United First Financial (UFirst) launched in Utah and offered members the ability to market a debt consolidation application called the ‘Money Merge Account’. Then in 2011 UFirst stopped handling the sales side of their business (leaving their then affiliates in somewhat of a lurch) and instead outsourced it for the better part [...]
Foreword: Following the SEC shut down of Zeek Rewards in August 2012, Bidify abolished the compensation plan detailed below and relaunched with a more “traditional” MLM compensation model. You can read BehindMLM’s analysis and review of the new Bidify compensation plan here (version 2.0). A third Bidify compensation plan was released on August 28th introducing [...]
Yesterday North Carolina’s Channel 2 WMFY News ran both a printed and video segment on penny auctions, citing local company Zeekler as an example. The print article, titled “Popular Penny Auction Website Based in the Piedmont”, was a general rundown of how penny auctions work and, using Zeekler as an example, attempted to break down [...]
Ever since Zeek Rewards hired a bunch of lawyers to pursuit ensuring compliance within the company, much blame has been directed by the company at its members. Troy Dooly over at MLM Helpdesk and credited at the last Zeek Rewards “Red Carpet” event last week as a”training consultant” even went so far as to state [...]
With various courts being on holidays and what not it’s been pretty quiet on the ongoing legal battles surrounding Speak Asia. As it stands now the Supreme Court had set a date of August 8th to settle the issue of payment to the 115 petitioners of writ 383 the defamation case against Multiscreen Media is [...]
One of the more dubious aspects of Zeek Rewards is the ability of affiliates to purchase Zeekler auction customers to dump VIP bids onto in order to increase their VIP point balance. This in turn increases their effective VIP point ROI over 90 days. Prior to March 2012 Zeek Rewards directly sold customers to its [...]