In the wake of the Zeek Rewards Ponzi scheme being shut down by the SEC, rival penny auction Bidify almost immediately shut down their own similar Ponzi points compensation plan announcing that they’d be bringing out a more “traditional” MLM focused plan shortly. A few days later Bidify relaunched with what I’m calling v2.0 of [...]
Foreword: On the 28th of August Bidify made some additional changes to their compensation plan. In order to catalogue the changes, the original Bidify compensation plan shall be referred to as v1.0, the changes in this article reflect v2.0 and the new changes v3.0. Following the SEC take down of Zeek Rewards for running a [...]
If I were to disappear today, it’d probably be a long time before any of you even knew it. -Paul Burks, CEO of Zeek Rewards Following the collapse of the Zeek Rewards Ponzi scheme, much speculation has focused on the extent of the involvement of Zeek’s executive management. The SEC in their complaint claimed that [...]
Visalus launched way back in March 2005 and operate out of California in the US. The company markets weight-loss products and was co-founded by Blake Mallen and Nick Sarnicola. Visalus also list Ryan Blair as a co-founder, but from what I can tell he joined the company post-launch. Blair currently serves as Visalus’ CEO. Normally I have [...]
Following the aftermath of the collapse of Zeek Rewards, much attention has now been focused on the MLM penny auctions still standing. With the money rolling into Zeek it didn’t take long for a slew of copy-cat competitors to spring up. Grab a penny auction script, engage some drop-ship suppliers (or just use Amazon) and [...]
Zeek Rewards was first reviewed here on BehindMLM way back in September 2011 and just two days after my initial review (in which I struggled to see the attraction of retail customers to the business), I wrote a followup exploring the passive investment nature of Zeek. What has followed over the past eleven months can [...]
Speculation has run rife over the past 24 hours following the surprise closure of Zeek Rewards home office in Lexington, North Carolina. It was originally believed that the North Carolina Attorney General might have ordered the closure but this was later denied by the NC AG’s office. Following this announcement, it was then reported by [...]
Just over a week after the North Carolina Attorney General’s Office confirmed they’d demanded information from Zeek Rewards and had concerns about their business model, Zeek Rewards has pulled the plug on both Zeek Rewards, and Rex Venture’s Zeekler penny auctions: At the time of publication, Rex Ventures’ news blog ‘Zeek Rewards News’ and ‘Shopping [...]
On the AiYellow website, the company details a history spanning back to 2005, which appears to be when a management board got together and decided to go ahead with the company. No idea what happened over the next three years but in 2008 the company claims it was incorporated in the US. Another three years [...]
There is no information on the All Hit Deals website indicating who owns or runs the business. A company address in India however is provided, indicating All Hit Deals is operating out of New Delhi. The company domain ‘allhitdeals.com’ was registered on the 20th November 2011 and lists a ‘Tapas Rai’ as the owner. An [...]