BREAKING: Zeek Rewards pull plug on Ponzi scheme
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 Daisy were the only two company properties that remained online.
The Zeek Rewards Facebook page also remains online, however the company has stepped up its efforts to prohibit complaints being published to the site.
Zeek Rewards affiliates have reported that in addition to having their comments deleted by the group’s admin that their Facebook accounts had also been banned from participating.
Troubles for Zeek Rewards began this week when the company abruptly announced the cancellation of all ‘training, recruitment or leadership calls ‘ on Monday.
Zeek Rewards attributed the cancellation to ‘planning’ but what they were planning was not disclosed.
Troy Dooly from MLMHelpdesk, credited by Rex Ventures as being an official Zeek Rewards “Training Consultant”, recently assured people that despite the NC AG’s announced investigation, plans for Zeek Rewards’ next “Red Carpet” event were on track with the event scheduled to take place next week.
Today, all that changed with Zeek Rewards announcing that
Red Carpet Wednesday, scheduled for Wednesday, August 22, 2012 has been cancelled.
A similar message appeared on the official Zeek Rewards support forum, warning affiliates that the topic was not up for discussion:
This topic is no longer open for comments or replies. No Posts regarding this will be entertained.
Shortly after this communication was made, it was then reported that Zeek Rewards’ North Carolina offices had been shut down.
I’ve received and read different accounts of what exactly went down at Zeek HQ today. From what I can gather though, around 2:30pm local time someone was seen changing the locks of the office with Zeek Rewards.
Zeek employees were also observed leaving the office via the backdoor and carrying boxes of office supplies.
Supporting these observations, unconfirmed reports that Zeek Rewards employees were fired have also emerged:
Charles Marsh – Anyone know why they closed the doors, fired their employees and changed the locks this afternoon at 2:30?
Zeek posted a note and said they would update affiliates on their website but I haven’t found anything yet. Anyone have any idea what is going on?
And we’ve received reports that Zeek’s locks were changed by the NC AG office themselves:
FYI, NC AG just closed down Zeek and changed the locks.
Some North Carolina locals have also suggested that the FBI might have been involved:
It’s not idle speculation, it was the FBI. Since I live in Lexington, a pretty small town, news like that travels incredibly fast.
At the time of publication, the NC AG has not put out any information regarding todays events.
A few hours after Zeek Rewards’ HQ shut down, both the Zeek Rewards and Zeekler auction sites were then taken offline.
Following both sites being pulled, affiliates have also started to report problems with attempts to cash out,
I get a server error when trying to click on “cash available” or “request a check” 404 – File or directory not found. Same when trying to get a commission payment. Not looking good here.
indicating that more than just the Zeekler and Zeek Rewards websites have been taken offline.
Thus far no official announcement has been made by the company, other than messages stuck to the doors of the office urging affiliates to ‘wait for further announcements‘.
Troy Dooly, who has in recent months been largely credited with being able to put a positive spin on anything Zeek Rewards (he claimed the NC AG’s investigation into Zeek Rewards was positively “exciting”), is currently MIA.
Additionally Dooly’s website, MLMHelpdesk appears to either be down or having capacity problems:
Please keep in mind that this is a breaking news story so we’ll keep you updated with news as we receive them. Additionally you can read the comments below for live updates and discussion.
Update 9:22am August 17th, 2012 – Zeek Rewards have just pulled the plug on their company Facebook page. No explanation has been provided.
Update 10:08am August 17th, 2012 – Troy Dooly has surfaced in a new video claiming that the changing of locks at Zeek HQ is only evidence of an ‘administrative investigation of some kind‘.
Dooly also claims that employees carrying boxes out of Zeek offices means ‘there’s not any type of criminal investigation going on‘ and that the Zeek Rewards and Zeekler websites being pulled offline is a ‘good indication a regulatory body has told Zeek (Rex Venture Group) that “you’re not taking in any new money, period.”‘
Despite claiming just a few days ago that Zeek’s Red Carpet day was going ahead as planned, Dooly also claimed Zeek cancelling the event “was expected”.
He confirms that as of yet he has heard nothing back from Zeek Rewards management on today’s events.
Update 10:17am August 17th, 2012 – Zeek Rewards’ affiliate marketing website ‘You Get Paid to Advertise’ has also now been pulled offline:
Update 12:22pm August 17th, 2012 – Troy Dooly’s personal lawyer, “MLM Attorney” Kevin Thompson, has weighed in on today’s events:
Breaking news on Zeek Rewards. It looks like they’re toast.
Here’s what we know:
All employees at the Zeek office have been terminated.
The Zeek website is down.
It looks like the investigation has escalated to the next level. If you pitched Zeek as an investment to your downline, you should’ve known better.
If you’ve got money locked up in Zeek, good luck getting it out. There’s probably not going to be any movement in or out of the those accounts without a court order.
I wish I had better news…
Troy Dooly reported back in March that Kevin Thompson had been retained by Bidify as an attorney.
Bidify are a MLM penny auction company operating in the US (based offshore in Seychelles) that offer affiliates a similar point investment business model to Zeek Rewards.
Update 8:03pm August 17th, 2012 – Troy Dooly has published the following statement on MLMHelpdesk:
This escalated investigation will have an effect on all MLM Penny Auctions currently in business or in pre-launch!
What Dooly is specifically referring to at this time unclear. He has however stated that later today he expects to ‘be talking to Greg Caldwell and will get some additional information‘.
Why Zeek Rewards COO Greg Caldwell is willing to talk to Troy Dooly when thousands of Zeek Rewards are still in the dark pending an official update from the company is also unclear.
Update 11:20pm August 17th, 2012 – Patrick Pretty just dropped a bombshell revealing that the NC AG’s office were not responsible for yesterday’s closures:
The office of North Carolina Attorney General Roy Cooper told the PP Blog this morning that it has taken no action to shut down Zeek, the operator of an MLM and a penny-auction site.
“We have not taken action to shut the company down and are currently working to get more information so we can pass that along to consumers who may be impacted by this,” said Noelle Talley, a spokeswoman for Cooper.
Additionally Pretty also reveals that the NC AG had issued Zeek Rewards a Civil Investigative Demand way back on July 6th, and not over the last week or so – as had been widely believed.
Of course neither Zeek Rewards management, staff or insiders ever bothered to go public with this information, with Zeek Rewards members continuing to sign up new investors in droves completely unaware of the possibility of pending regulatory action.
One can only now wonder what other investigations Zeek Rewards management have been keeping secret from their members.
More importantly however, with the NC AG’s Office announcing they did not order the closure of Zeek Rewards yesterday, who did?
Update 1:14am August 18th, 2012 – North Carolina’s “The-Dispatch” managed to contact Zeek Rewards’ PR spokesperson, Clifton Jolley:
Dr. Clifton Jolley, Zeek’s media representative, confirmed the company was served a CID, but he would not disclose why Zeek shut its doors voluntarily.
Paul Burks, the chief executive officer for Rex Venture Group, has yet to respond to multiple phone calls and emails.
The NC AG office also currently have a recorded phone message up informing callers that they didn’t shut down Zeek Rewards HQ and that they’ve contacted Zeek for an explanation.
In the absence of an official statement from Rex Venture Group and Jolley’s coyness, this is now starting to look like some kind of Zeek Rewards/Zeekler PR stunt gone horribly wrong.
Or if you’re more of a cynic, a corporate exit-strategy.
Zeek Rewards COO Greg Caldwell has apparently told Troy Dooly he’ll speak to him later today.
Update 3:52am 18th August, 2012 – Citing Secret Service Special Agent Glen Kessler, The Dispatch are now reporting Zeek Rewards is being investigated by the Secret Service in co-ordination with the SEC.
The U.S. Secret Service has confirmed it is investigating Zeek Rewards as well as the company’s chief executive officer, Paul Burks.
Special Agent Glen Kessler said the Secret Service, in coordination with the U.S. Securities and Exchange Commission, is working a joint case on Zeek Rewards, the company’s affiliate program and an entity of Rex Venture Group LLC, which is based in Lexington.
When asked if the Secret Service had anything to do with Zeek Rewards shutting its doors, Kessler informed The Dispatch that ‘the Secret Service does not comment on ongoing investigations’.
Update 6:00am August 18th, 2012 – The SEC have filed charges in court against Zeek Rewards, Rex Ventures and CEO Paul Burks.
They have also credited themselves with shutting down all of Rex Venture Group’s operations.
Thats a wrap, put in the can. Good job you guys! 🙂
Great job on the reporting! Thumbs Up!!
I wonder how many Zeekers are on here lurking, trying to make sense of it all now that they have lost connection through FB, ZR and MLMHelp?
Troy, a few of us have been through our scrapes with you throughout this ordeal. If Zeek is indeed shut down, I think it’d be cool for you to man up and eat a little humble pie via video apology to those of us who were condemned…just for fun.
Especially me, Oz, Kchang, jimmy, al…Comments about Paul B. sleeping with our moms, kchang death threats. Do what’s right.
Well, I can’t say I didn’t see it coming..
Only the true believers.
The shills, pimps, cheerleaders and players have all moved on already.
I am so thankful for the SEO experts who got BehindMLM, RealScam, PatrickPretty, and YouTube videos ranked so well on Google. BehindMLM’s top ranking was surely a great help to investigators and undoubtedly saved many people’s savings.
When wil we get the mea culpa from Troy Dooly who has essentially said that all the critics were wrong?
When will the Zeek supporters that ridiculed the skeptics come on to apologize?
I can’t wait to see the outrage from affiliates who were expecting 5 and 6 figure paychecks and now stand to get nothing, plus egg on their faces, and lost credibility. It is unfortunate that there will be so many victims.
“I told you so” is so bittersweet.
@Jimmy…couldn’t have said it better.
No, if he has received any financial compensation whatsoever from Zeek, he should also face the court of law for promoting this callousness.
So many people joined because of what he said and wrote in different media. Many affiliates took his word and continued to promote the pyramid/ponzi despite all the evidence to the contrary.
Behind MLM are you still sure they are gone since they say on the site
Zeek Rewards is currently unavailable. More information will be available shortly on this website.
they are saying more information and not the site plus how is it possible for anyone to run like that with tons of money and since I am from a third World country and I invested alot in zeekrewards I want to know does US legal system will help us in getting our money back ?
Congrats you guys…well done!! I joined a Zeek call tonight and pwned them for being lemmings in this ponzi/pyramid scheme!
@DrK…interesting point. I know Troy doesn’t want to intentionally harm people. I was probably his biggest critic. I still can’t figure out why he was so hypnotized by zeek. It’s very strange.
That’s the truth, look at the comments left on the Lexington Dispatch stories. Many of them are affiliate links to the next latest and greatest money games.
I swear cockroaches and ponzi pimps will be the only two species to survive the apocalypse. And they’ll inevitably interbreed leaving earth populated with six legged link spammers who can see in the dark.
@GlimDropper…True. I lost a few bonafide distributors in my group that got on the scent of easy ponzi money. People I invested my life in. They’re “chasing the dragon”. I’ll never get them back.
Video by Troy :
Any link perchance?
Troy is caught up in the “MLM is a relationship buisness” meme. In his first post about Zeek I warned him (under a different name) that every program Paul Burks had ever run was either a naked pyramid or a “product pyramid,” he kind laughed that off.
Paul, Dayrel(sp) and Dawn are a very well seasoned group of serial scammers, they have that “open and honest” act down to a Tee. It’s easy to like them and Troy liked them. He just forgot that a con man has to earn your trust before they steal your money.
It’s a common mistake. Unfortunately.
Wow. Come on Troy. This is all still great news to you? Brother…you’re stiffed necked on this. Why are you so blindly loyal?
You’re telling us that employees changing the locks on the door and employees leaving the office with boxes is a good sign…your exact words! You’re saying the red carpet event being shut down is also a good thing. You’re saying it’s good they’re not taking any money right now.
WTF? Holy shit!
YGPTA sites down. The only sites with Zeel content that are up are…. wait for it…. BehindMLM, RealScam.com, PatrickPretty.com, kschang.hubpages.com.
mlmhelpdesk is adding bandwidth. They are just swamped. Live call happening now with Troy Dooly. Other companies have faired storms like this.
Unfortunately no link, because it was a Webinar (I should have copied it though…it was epic).
Troy may seem like an independent free thinker, but on that Webinar, they were claiming he was a certified Zeek Trainer. So either they’re lying, or he has a serious conflict of interest here. I hope it’s the former.
You guys can say what you want. Zeek wether they come back or not was a great opportunity. I benefited greatly from it. Their business structure is not illegal in anyway. Someone complains and investigation follows.
Ignite (which is still around and doing great) had it’s own problems with “the powers that be” and they sucessfully won in court. I’m willing to bet there isn’t one person on here that can tell one specific thing that would make zeek illegal.
Oh and the person who wrote the article worded things wrong. They said people tried to cash out but that too was down. NO.. the zeek rewards website is down. That is the only way to cash out.
Don’t make it sound like they purposely just took down that section because they don’t want to pay. That is not the case. That’s the power of “framing” a statement.
Good for you Rob, but what about people like us, that just put $ 10,000 a few days ago????
Rob, was Zeek Rewards a great opportunity for the affiliates that signed up in the last 90 days or so?
I’m glad you benefited, but lots of people got screwed including a close friend of mine who joined in July against my warning and his better judgement.
No one is saying Zeek took down the website to avoid paying.
I’ll bet you right here and now Zeek was ORDERED to take down the website by the same people who ORDERED them to shut the office and ORDERED them to cease doing business.
If you are willing to put $10k in escrow I will match it with $50k.
Hi the official word is out!! Oh yeah we’ll be back shortly.
What can it mean when the employees are carrying out boxes and there aren’t any law enforcement around? Probably a brief pause for this company. Zeek poop…
For everything you benefited from Zeek, there must have been quite a few who lost and have either started holding their heads or will do so as soon as they find out what has happened.
No reason to boast about or defend a ponzi. Try not to harm others in the future though.
@Jazzy, anything worth noting from the live call that Troy is doing?
Troy is STILL stuck on the “unique bid auction might be regulated, I told you so” angle.
I wish I could invest $10k with Quibids and earn > 1% a day ROI.
Troy, do you know how to spell P-O-N-Z-I? It’s been written on your site a few hundred times by “critics” who were ridiculed and shouted down. Excuse us for trying to warn potential victims and saving them from losing their savings to a scam.
My website is not working. I put in a ticket but have not heard back yet.
Zeek is experiencing growing pains.
@Jimmy – I agree but the feds dont care. However I do believe panic is not in order.
Zeek should put out an official statement immediately. It is the unknown that will drive the fear. I know people with 500k points.
Anybody wanna take bets that Burks and company won’t be saying anything more?
I offered to buy affiliates points 1.00 per 1000 points on FB earlier today but no takers. They still had the faith though.
@Lee growing pains? LOL…this is a whole lot more than that. My goodness. The doors are shut. That ain’t growing pains. Kudos to Dawn O for driving the car off the cliff.
Wait a minute. I worked today! You mean I’m not getting paid for it?! What’s the number for the Dept of Labor?
I was on a call tonight. No real info. Just trying to keep everyone from panicking. Threatened to terminate anyone that tried to cross recruit. Seems to be a hollow threat in light of the circumstances.
@Oz,
Now you know that the quotes you used, were truly taken out of context. You forgot to tell your viewers I was quoting what was written in the article at The-Dispatch.com.
And the fact, that in criminal cases, employees are not the ones who get to remove possible evidence from a crime scene.
And during a criminal case, law endorsement are the ones which change the locks.
I don’t mind taking the hits, but at least make sure there are within context. 🙂
Living An Epic Adventure,
Troy
Troy I was quoting what you said in the video and provided the video itself for review. At no point did you indicate you didn’t support your statements or not believe them.
“Out of context” is about as flimsy as “out of compliance”, and look where that got Zeek.
Agreed, Brad! Burks and company may be under a gag order from the Feds or NCAG. Or they may be on the run by now with lots of money in offshore accounts!
Oh yeah, I was on that call too Bwatson… didn’t that guy speaking mention something about having a 1,000,000 point balance which was set to 100% repurchase?
WHAT ???
Carefully scrutinized personal possessions are “possible evidence” now ??
Mr Dooly, have you ever been personally involved in a fraud case ??
I mean, positive thinking is a wonderful thing, when tempered with some common sense. Otherwise Nepal would be overrun with positive thinking people attempting to climb the Himalayas in their tighty whiteys.
(or, for that matter attempting to rationalize or justify away a bloody serious event involving people who have the power to lock you away for a very long time)
Yes, last big check he took was in April. Trying to show he has confindence in the company. And that’s right, 1,000,000 points.
The zeek site is down. Does anyone know the mirror site where I can post my ad? I don’t want to miss out on the RPP.
I think that Troy said in his webinar that everything Zeek will be saying going forward has to be approved by the NC AG.
So expect it to be a while before Zeek says anything to the affiliates.
But a few of the affiliates said the ability to make a payment withdrawal had been shut down long before the website was taken down. Which would be true to form if this shutdown was ordered by the NC AG or a federal law enforcement agency. That is the first thing they shut down, then the website.
No I am not saying that there was a federal agency involved. We will just have to wait and see if that rumor is true or not. If true, Zeek isn’t coming back.
Troy, what have you to say on this claim?
Zeek Rewards introduce Troy as an “official company trainer” at Red Carpet events. Make of that what you will.
I just put in $10,000.00 with ZR. Man I feel like a big sucker.
Wow that really sucks I’m sorry to hear that hopefully they open it back up long enough for you get your money out @robbie
Me too 2 months ago. My 10 grand is gone. no more MLM’s for me.
@Dion, that would still take 3 months to draw it all out. If ZR does come back I think a huge majority will go to 100% cashout which will collapse it completely.
Wheres the faith in Zeek? I plan on staying with them and believing in them.
Come on people you where all there for the winnings. Lets stay on the team and give support.
Yeah I think you could be right Darrell I tried to tell so many people around me they didn’t listen. I nearly got suckered in at one point for 10000 so glad i didn’t now
If they do come back I dont think people will pull out…why would you infact dump more in because the company is clean.
I can’t wait to hear the spin from the Zeek true believers on this. At least we get a taste here from Rob and Troy.
Rob, I don’t care how good Zeek was for you, I know a lot of people who have now lost quite a bit of money in this. My in-laws invested a few thousand, and in spite of my concerns that Zeek was a ponzi scheme they kept signing up a bunch of people under them who also have lost money.
Yep, Zeek is changing lives all right, making people even poorer than they were before.
@Todd, because I think this will be enough of a scare that if people get the chance they will want to recoup their money while they can. They may come back online even before the investigation is over, depending on what kind of an investigation it is.
Yes if the NC AG say that ZR is clean and they have closed their investigation and all other agencies who would possible look into Zeek also sign off that they are clean, then yes I suppose people would keep going, BUT I don’t think that is going to happen.
@Rhonda and Todd: I can’t believe you actually think that Zeek is going to come back. Face it, Zeek is over. Stick a fork in it, it’s done.
Hello. First I will say that I am a new affiliate for zeek. I Subscribed as a silver and every $ that I had I used to buy sample bids to give away, and in advertising (as I didn’t want to just post 1 ad, and I want as many customers as possible).
I say this, because when you say what about the new ppl in the last 90 days, well that includes me.
I understand that there are a lot of things that have happened recently and when put together it looks bad, and yes I’m nervous. But, nothing has been confirmed either way in what has happened.
We all know they are under CID, but as has been reported it was zeek employees that closed the doors and changed the locks. But early in the article you report they were closed by the AG.
I know you guys are hoping so much that zeeks really does get closed for good, that the AG decides it’s a ponzi, and you are putting it to Troy hard with all your ‘I told you so’s’. I just wouldn’t be so happy just yet if I were you.
Listen, them being closed, even if after giving all the info to the AG zeeks reopens this hurts me right, but at the same time maybe it’s the best thing for everyone.
Zeeks needs better customer service and site support. Hopefully this will motive them in the future to keep everyone more up-to-date on current events. But on the other side of things, that zeek affiliates will be more supportive to the administration. And not to jump to conclusions that everything is going up and smoke all the time. That is to have confidence in the company they work for.
Bottom line is this. Zeeks will reopen, and will be stronger than ever after the CID investigation, or they will be closed. But let us wait to see what happens before we start making statements as though they are facts that have been confirmed. And please let’s keep from personal attacks.
Michael,
Just the every day zeek affiliate.
Anybody want to bet that some of Zeeks “fine people” (Paul, Dawn, etc.) have enjoyed a nice, long, first class, one way flight to a far off destination in the last day or two??
Ooops, I thought Rhonda was being sarcastic, never thought for a second she was serious! Were you actually being serious about keeping the faith Rhonda?
Hehe @Ground Zero
Place your bets your bets guys who thinks it will survive this ? I don’t!
Nor do I believe the stupid notion that they would do away with zeekrewards and keep their fake penny auction going, that was about as popular as using your life savings to purchase lotto tickets!
It was only a matter of time……who really thought this was going to last?
In MLM you really only have one thing….YOUR credibility! MANY lost it in Zeek…..MANY. And it’s crazy crap like this that give the industry a black eye!
looks like the orange jump suits will look nice on the top people. no wonder Loggos left he dosent look good in orange
Believe me, you ain’t seen nuttin’ yet.
AdSurf Daily was shut down in almost exactly the same manner in (coincidentally) August 2008.
Its’ Paul Burk equivalent, Andy Bowdoin, pleaded guilty in May of this year. Yet, as late as last week, true believers announced plans to the petition judge due to sentence him in September still protesting his innocence and good character.
Absolutely. Never have any illusion as to its survival.
I doubt Paul Burks is anywhere other than at his home in NC this evening…His wife has had some serious medical issues for tha last serveral months…That is all i will say…
I’m freaking sick over here. I pray that this passes and ZR opens back up. Checking the site every 5 min.
I used all my savings in hope of a dream. Come on Zeek please give us answers.
Great job everyone, but at MMG it was us scumbags at RS and my pathetic math skills that doomed Zeek. The global moderator said so.
I would take offense and demand he add you and KSChang to this happening.
They are partly right Lynn.
It was bad math that created this situation.
See It’s people like Robbie I feel so sorry for..
I hope things work out for you buddy…
On a more serious note, I have a check from Payza for zeek commisions from a few weeks ago, that just arrived today. Do you guys think it’ll clear after I deposit it tomorrow?
@Michael
Denial is a powerful emotion. Good luck to you my friend…
Michael, Don’t take this the wrong way, but it’s people like you, willing to believe that others have your best interest at heart and who believe that impossibly good things can happen to good people, that keep the greedy people at the top of these pyramids alive.
Wise up, learn an important lesson from this, and find a way to cope with the fact that your money is long gone.
A lot of people got hurt, so your not alone, but it’s over.
Troy’s site was just up, but sloooooooooowwwwwwwww.
Robbie I wouldn’t stay up all night checking the website, it is not coming back anytime soon I doubt and most likely never.
If they were going to be coming back tomorrow and had control of the site now don’t you think they would post something letting people know what’s up?
Some people obviously need a 2 x 4 smacked across their heads just to wake the crap up and smell the coffee.. the cultist atmosphere and attitude of the “faithful” zeeksters gives me the creeps!
Rings familiar of the Jim Jones cult who drank a little to much Kool aid
If it’s drawn from Payza’s bank and not from Zeek’s bank account, I don’t see why it wouldn’t clear.
Not really sure how processors like Payza work though.
If it does clear, you might want to keep those funds available for a while.
I agree, very creepy cultish mindset, like I quoted an affiliate earlier today, he had posted on ZR forum about how “we all want to get to heaven with Zeek but in order to do that we have to die first”
WTF is that kind of talk in regards to a investment business decision??
Just curious, where is this blog based? It is not yet the 17th on EST.
I’m on GMT +8. It’s easier if I just use my own timezone then worrying about US timezones.
I am a teacher as well as a struggling, single mom of 2 teenage boys. This was my best shot at making the ends meet in the future.
My $800 investment 3 weeks ago needs to be secure come week’s end. I dont know what i’ll do if its not.
Thanks Chris, good tips.
Sorry for your possible loss J.
But I would not count on anything being available anytime soon.
Okay, thanks. I only put $100 into this program a few months ago. I have run ads but have not put in more money or recruited anyone.
I did not know this was so popular outside of this region (I live in the Carolinas).
I am so very sorry Robbie. People like you are why we do what we do. I’ve seen more honest and hard working people than I can count get tricked into thinking they found their “lucky break” only to find out that the lucky break had an expiration date which they weren’t warned about.
That’s what we try to warn people about.
I have a friend who was in Zeek and sponsored quite a few people. I told her a month ago to get her original deposit OUT and tell her people to do the same. They were hoping to get past the 90 days just so they could get out without loosing what they put in… Unfortunately, many of them did not.
She feels horrible and is trying to find a way to cover the funds others deposited from her recommendation.
Another friend called last night and still is singing their praises.. He kept telling me I did not understand and they were rock solid and how I was missing out.
One guy posted the article from the Dispatch on FB and said it was all lies and they did not know what they were talking about… ????? (bumps head)
@ZeekSucker Don’t judge all MLM’s by Zeek. An MLM structure can be a valid business model for marketing and distribution. However a REAL business has REAL products and there are reasons for the legal structure that is in place for an MLM.
The biggest problem I see with MLM is that too many people don’t do a proper evaluation before they get in.. and they are not honest with THEMSELVES about what they are willing to do. Joining an MLM is, essentially, a SALES job. If you are not good at sales, you will not be successful in an MLM. Period.
A GOOD professional salesperson has 4 rules… Sell a product that you believe in, make sure it is something that benefits people, have integrity, always be closing. MLM’s who have no “external customers,” frankly, don’t really have a valid product.
This can sometimes be hard to judge as many people will “join” an MLM for the $45 sign up fee (or whatever it is), simply because they DO want the products, and want them at a lower price via auto-ship for convenience (I belong to two for this reason). They might have never had any intention of “working” the business, however they are still, statistically and technically, an “internal” customer.
However you can look at the product(s) and ask… would people buy these products, at these prices, even if they were NOT interested in the companies “business opportunity?” If the answer is “no” then you have a huge red flag.
The folks here on “behindmlm” are very fair when voicing their opinions of various companies. They seem to know what they are talking about and do good research. I find it amazing that anyone, after seeing what they have been writing here about Zeek for MONTHS, could have not recognized that Zeek is (was?) a Ponzi.
For lords sake… even an MLM with a legitimate product, can stall and start to “fall apart” once it reaches saturation. That is why, if you are going to work at one, you want one that does have real products with market appeal.
You’ll never get rich, but you’ll still be able to find customers if you are willing to work. There are companies like that out there but you have to do objective research.
I have never seen anything that was a legal “get rich quick and easy” proposition. Zeek was throwing up more red flags than communist China. Ironic when you think about it.
Great news, and good jobs guys bringing this to light. VERY sorry for all the innocents who have lost, but at least more wont get sucked under, with this one anyway.
For those that knew what it was and scammed others…you have to live with yourself, hope you have trouble with that. Or will it just be on to the next?
You know the True believers will just blame the big bad gov’t. There was nothing wrong, they are just such meanies.
Really now. The Amway ruling clearly spelled out this was illegal. I’ll bet you Amways Lawyers instigated this.
The desperate couch zombies actually thought they could place a add a day make money. What about the ones who left there legal MLM companies and led so many people off the cliff. Give me your arm, I will hold the needle, it will only hurt a little !
Say good bye to your $10,000 and what about those who personally guaranteed the people they suckered in! Now they have to live with this and they got terminated or quite there companies for this…… At last there suckers can go back and build in there legal MLMs
It’s pretty big J. I will say, it’s true I do want to believe that others have my best interest at heart, and I for them. Is that the case for everyone, no. I realize that. But I’m not gonna judge before everything has been laid out.
I have read many of the post from Behindmlm, chang, etc. Also many from Troy. Although not everything was clear, what I did see, and a point that has been made is why hire kevin grimes and others if you don’t want to be in compliance.
Now, does that mean they did everything right? No. But just because they are under Cid, or even that they are currently closed, does not mean they are ponzi either.
I’m just saying, let’s go to sleep. Not you Oz if you’re overseas because it’s day for you heh. But let’s sleep, wait for official reports tomorrow, and let’s wish everyone the best.
Night all,
Michael
Unfortunately, your “$800 investment 3 weeks ago” hasn’t been secure for 3 weeks now. Sorry. Whoever sold you on this thing owes you an apology (at the very least).
@Erin, were there really any “innocents” that lost? Does blindly throwing your money at a “too good to be true” opportunity without a critical examination of it first make someone an innocent?
Hello as Paul jr may say well it was dawn she is the best if it wasn’t for the call she open the can of worms on we could still be putting more change in our accounts.
And the mlm of the yr award goes to dawn on taking the company down with her stupidity. All thos idiots that thought this would last o I was one of them as well. lol was a nice ride (;
What do you mean with “just put in”?
Monday (August 13th) was the last day of payouts, AFAIK. Money paid in after the last payout may still be in the system as “traceable money”. I don’t know if that makes a difference, but it’s possible.
Investors in ASD got 100% back after 2 years or so, mostly because many other investors didn’t file any claims. But 100% back is very uncommon, most other Ponzi schemes are only able to return a few percent to the investors after being shut down.
This is and was not an investment of your money, any one that says that this was an investment was taken in on false belief.
Bernie madoff was able call his scheme an investment too! Think about it…
I would be careful of what you say, as your insulting about 1 million people.
Great news and good job everyone.
And yet, some part of me hopes this is not the end. Doing my modest share of undermining their recruitment efforts in my region has become quite the little hobby.
I guess the only reason that ZeekRewardsNews.com is still up is because, technically, it’s not owned by Rex Venture Group.
It lists Alexandre de Brantes as the registrant.
investment- Finance investment is putting money into something with the expectation of gain
People put their money into ZR with an expectation that they would get more than they put in back out. Period. It was an investment, we can call it for what it was here on this forum!
Word games aside, people “invested” their money .
@Dazy, the only part that sucks about all this, is that I can’t needle the Zeekheads on their forum now that it is gone.
I’m concerned. I expect that we will know more tomorrow or Monday. I feel that it is just as likely that Zeek will be investigated and regulated and left in operation as it is that they will be shut down.
It is true that the numbers don’t seem to add up. Exponential growth is not sustainable. I won’t pretend, like some, that I know what is happening and have all of the answers. I will just wait for more information.
Are all of the naysayers going to humbly apologize if they are wrong and Zeek survives for the long-term? I doubt it.
They are just going to keep spouting their sour words and patting themselves on the back for reveling in what may simply be growing pains for a new and popular company.
Article updated with commentary from “MLM Attorney” Kevin Thompson.
I really never understood how people could feel good about selling an ipad for $12,000, while advertising that it sold for $79.23. Legal or not…half a conscience should of kept you out of Zeek.
Sometimes people want to believe something so badly…they can convince themselves just about anything.
For everyone who woke up today lock out from your money in Zeek…I do hope that resolution and some sort of justice comes your way.
Yep, got scammed nicley. And i am a terrible sceptic at least i didnt sign anyone else up.
Spare a thought for poor Sandra ….she believed and wouln’t listen to any of my research, she signed 450 poor buggers in the last 3mths in AU. When the penny dropped for me i tried to extract some on the 19th of july, pay date 6th Aug….when i saw the attoney general action on the 4th….
i knew i was screwed and they must have plannned exit sometime in that period for them not to have paid mine.
@Rockers, did you see the update to the article? I wouldn’t count on the naysayers having to retract any sour words. As the attorney put it “they’re toast”
Well Darrell guess not really, just trying to be nice. I really would really rather scream “I told you so”
But really I do feel sorry for those who lost and couldnt afford it, maybe innocent was the wrong word, but dumb seems so harsh 😉
Ive been called stupid for not believing when I could see it working so wonderfully right in front of me. So who will be feeling dumb now? NOT ME!
Wow. That’s some doom and gloom for you.
@Strictly
Please don’t dismiss basic mathematics as the opinion of “naysayers”. There’s a reason Zeek Rewards never clarified whether or not the company was paying out the bulk of their daily ROIs from affiliate money.
When the NC AG started making enquiries and Zeek couldn’t hide behind psuedo linguistic compliance attempts and “proprietary information”, today’s events are what happened.
Roy Cooper: Yo, what the daily percentage of affiliate money being paid to affiliates at?
Paul Burks: Can’t read my, can’t read my, can’t read my Ponzi face…. P-P-P-P-P-P-Ponzi face. MAH MAH MAH MAH!
…
Dawn Wright-Olivares: …did it work? Is he gone?
Paul Burks: Shutup Dawn, I wasn’t finished yet. P-P-P-P-P-Ponzi face P-P-Ponzi face… EVERYBODY! CAN’T READ MY, CAN’T READ MY, NO HE CAN’T READ ‘A MY PO-
Roy Cooper: -Yeah so I’m still here and still waiting. Shut that shit down. Now.
Where was the Kevin Thompson quote originally posted?
Can someone post the article link ?
Let me ask the zeek loyalists something: If you had $10k in your hand, right now, that you could either “put in” with zeek, or do anything else with, which would you choose?
His Google + page.
https://plus.google.com/111222342884614305536/posts
I have my own money in nxpay and not ABLE TO GET IT OUT,ANYONE KNOW WHY?
Thanks Chris, looks like it’s game over the monopoly money is dead. I wonder who is still bragging about figures on a computer screen lol
How much money did the insiders take out? When affiliates with 5 figure weeklys payments were getting slow paid, did the top 12 affiliates get paid?
Did Dawn and Darryl switch to 100% cashout cause they saw the insider requests for information from the AG? DoJ? FBI?
Everyone is going to dispute their CC charges for bids and subscriptions now?
It’s going to be nightmare for CC providers
Still drinking the kool aid on Talk Gold
Right now the Zeek leaders could issue some kind of statement other than the red carpet event has been canceled, and to watch the website.
This is exactly the type of behavior that points to administration ineptItude that skeptics have described for months.
Al to answer your question. Wait…I’m not a zeek loyalist but I’ll pretend to be…
I would choose to take 10k and open a website about how stupid MLM is and advertise like crazy.
Anyway, your question only reflects the delight you take in other people’s failure.
You remind me of the twits who try to play partisan politics with emotionally charged rhetoric just ready to laugh at anyone’s demise…you enjoy seeing people suffer.
If you can see a comment above about someone genuinely upset about losing what little he has, there is nothing funny about this situation. Whether they deserve it or not is besides the point. Its awful.
I hope people can get their money back and quit asking condescending questions…
Well it seems they locked the zeek thread over at MMG lol
Alex de Brantes is Dawn’s fiancee and the Internet market of RVG.
Remember this? I bet BB & T and New Bridge don’t feel so bad now about Zeek “taking” their business away from them in May because those banks couldn’t “handle our growing needs”.
If they can… MB. If they can. You are assuming that the website thing is voluntary. It may NOT be.
It passes all 4 parts of the Howey test. It’s an investment. (go look it up)
I don’t know either, but I believe IRS allows you to report Ponzi scheme losses as deductions on your taxes next year. You’ll need to research it yourself.
All he did was repeated what Troy Dooly said. Pirate!
I don’t know about Oz, but I point out questions and potential illegal activities. I don’t predict how long a suspect scheme lasts. As Madoff lasted 20 years, survival in no way proves legitimacy.
If it all work out that would be a good thing. We all are looking for a way out of the American rut.
Now if you’re a hater you’re probably jumping for joy by now, but there are a lot of people hoping this all work out. Let’s wait and see.
@Kasey
Agreed. I wholly stand by all the analysis conducted here, we’ll take whatever happens in the future (with any changes it brings) as it comes.
If Zeek Rewards comes back with another MLM business model I’ll simply do what I do, analyse and review it.
@Chang
Are you saying they may be prohibited from releasing any kind of announcement via web or otherwise.
I’m surprised that at least some kind of unofficial statement has not leaked through the downline at this hour.
I never felt comfortable enough with Zeek to recruit others because it was so difficult to get answers to very basic questions.
I was also put off by more experienced member who ridiculed or chastised newer members for not having the faith and vision in Zeek. All these folks were drinking the Kool Aid (getting checks). Just because you get a check doesn’t mean the system is valid.
(Ozedit: This isn’t the place to discuss social security)
Upon learning that the North Carolina AG was investigating Zeek, I changed my bid repurchase from 100% to 0%. I wanted to pull my money out.
If Zeek does re-open, which I hope it does, I’m sure there will be enough converts who will continue to repurchase 100%. In the meantime, given the opportunity, I’m taking my money out.
“If it sounds to good to be true, it probably is.”
Doesn’t Zeek have the affiliate’s e-mail addresses? Looks like they could at least shoot all of them a note with some kind of “information” to calm their nerves.
I was at a 100% cash out since discovering this site two weeks ago. Too late!
We weep as we know there will be a LOT of victims weeping, doubting, and lashing out at critics, blaming them for the suspect scheme’s shutdown (if it is one).
Mostly we despair for the people entranced by the false hope that had been planted, and continue to flourish in some vulnerable people’s minds, despite what evidence says.
Perhaps they no longer have access to their servers…
See above.
I hope so too.
I’ve been following a few sites the day I was asked to join this company. Being part of a very successful MLM when I was way to young to grasp the opportunity to the fullest, I know how they are supposed to work, and how they don’t.
The second I read through the comp plan for ZeekRewards I instantly called my friend back and asked if he honestly thought this “opportunity” could be legitimate. ( The biggest flag for me out the gate was bids dont need to be used to gain the VIP points).
The conversation went as many others I’ve heard over the years.. “Yea! I know so and so who is making this and that!”
Reading through comments on various sites of Zeekers defending the company or those who think its some governmental travesty that this gift from above MAY be getting shutdown.. I’m simply in awe.
If money is TRULY what you need to be happy, then you are FAR passed the point of being saved.
Not sure why everyone feels like they are entitled to something for nothing. This whole thing would make an excellent sociology/psychology study IMO.
Here’s a thought. I go to a high scale mall or something of the sort, going around telling people “Give me $1 and I’ll give you $100 right now in exchange.” How long do you think it would take before the masses tried to get in on a deal like that?
Pay the first x amount of people and any mistake you make will be quickly defended by your new best friends.
Essentially this is my view of how this Z thing has panned out thus far. Sorry for the rant.
BTW K. Chang, love your blog!
Money back Greg???? Maybe there isnt any.
No servers? I thought this was mlm and network marketing. They even lit torch beacons on mountaintops in Lord of the Rings.
My belief is more along the lines that there is nothing to comment on, they don’t know yet what to comment on, they do not want to comment on.
This is some serious drama. What is going to be written about after this pans out.
The beacons are lit! Zeek calls for aid! And Dooly will answer. Muster the YouTube!
All I have to say is FK(#*@$&*t^o&#@t! Were done fellow Zeeklers! I lost all my MF MONEY!
I recent tried to sign up a friend, I started him as a free affliate to try out for a week and then upgrade to a subscription next week.
when next week came I showed him where to upgrade and they wanted to charge him the 1 yr fee, and the compliance certification cost, and this would get him started.
I thought it seemed weird and told my friend to wait, I am glad I did, he would had to pay a lot to get started, I wonder if this was a last attempt to get as much as possible, then shut it down and leave town!
Your thoughts! Did anyone see the upgrade cost change in the last two weeks?
I dont feel sorry for you. You tried to make a quick buck and it bit you in the ass. You should have known better. Get the book “total money makeover” by dave ramsey and read it. If you follow that book you wont have money problems.
Zeek is a dead duck, deal with it.
Another zeek lie that you bought. No where near that many paying affiliates. If the total was that high that should have been your biggest warning sign with the lack of retail customers.
On another note…
A large portion of zeek affiliates were prolly bragging about how much money they were making from zeek. In reality it was just their point total going up. I know a few of them personally and they just make me sick with the bragging. I’ll give them a day before I laugh in their faces.
To all the affiliates venting. Why are u mad at the guys from this site? They have been warning you for months now.
I’m an affiliate myself and I can’t say anything bad about them now cause it’s starting to look like they were right so of course their gonna have a little “I told u so” tone today.
If you “invested” money that u could not afford to lose I feel sorry for u, but as with any business or “investment” venture u are taking a big risk.
Wait, *what* “1 yr fee”? I thought membership dues are month to month?
If they tried to swindle new members by charging them a whole year’s dues at a time, NC AG’s office need to know about this. I hope I misread that.
lol Zeek didnt make them poor… Im tired of hearing this crap… people saw an opportunity and went for it… they choose to put $10,000 dollars… people need to realize this was an opportunity nothing more… you take risk in life good and bad…
We tried to help. This site is ranked right at the top on Google searches for all the key Zeek Rewards keywords. Many of us have hundreds of replies over 11 months here, over 5000 comments and 26 articles directly on Zeek.
Some Zeek supporters are calling “the critics” names. As I have posted on Troy’s blog and other forums for a few months, “the critics” have been right at every turn. The Zeek spin and Troy’s over-optimistic speculation on every piece of bad news (sanctions, banks, AG investigation, etc.) only feeds the false premise.
It wouldn’t surprise me if Dooly, Laggos, and other advisers are targets in some class action lawsuits. Unfortunate but this wouldn’t be the first time public supporters/promoters were caught in the snare of scam victims money recovery attempts.
All the Zeek fans are filling up the NC AG’s facebook page with positive comments. Maybe they’ll make AG Cooper change his mind about shutting it down. Good luck with that.
http://www.facebook.com/pages/NC-Attorney-Generals-Office/157759274279900
But thousands of people claimed that they made a lot of money with ZeekRewards.
is there any chance troy dooley could blow some hot air up my …..I am feeling really deflated.
No worries J! There are ALWAYS opportunities. If this is the end, then Zeek was Not your best shot. You need to find something else; do not give up.
Part of the zeal that bothers me about Zeek was the belief that this was the end all, be all business investment of the ages. (Whoops I said it again: Investment.) Don’t believe this false assertion. Find another opportunity.
Well at least the tax ramifications of Zeek Rewards I was so worried about might be gone with them. Hope Chang is right and it might be possibe to write off losses from a Ponzi scheme.
This was mentioned in some comments here. Zeek first required compliance course for US affiliates. The YGPTA videos were optional at $15/month.
Then they announced a mandatory annual package of $29.95 that covers both compliance course and YGPTA video marketing system. They claimed it was a great deal instead of $15/month (but optional) it is now $29.95 a year (but mandatory).
Despite Dawn promising you could pay with cash available from your back office, the YGPTA people insisted Zeek require credit card charge (new money not recycled from the Ponzi).
When you went to sign up for premium (silver, gold, or diamond) Zeek required up front annual paymrnt of $29.95 plus the 10/50/99 a month subscription. This made initial investment higher especially for silver.
Many free affiliates riding the bonus points dropped out (probably by Zeek design). Many who would have bought in for low hundreds instead bought in for $1k or more, as they needed large enough principal balance to make up for startup costs.
Eventually, after a flood of complaints, Zeek allowed silver members to pay with cash available (but only as a new affiliate, not when upgrading from free).
Zeek mandated everyone buy the annual package within 30 days or drop to free affiliate (and not earn RPP). Many who were not recruiting but just earning passively were pissed. Some (such as yours truly) speculated the move was a last minute effort to grab a few million of new revenue. And now they are shut down, after the 30 day mandatory upgrade warning.
Man, you goods folks are blowing things right out of proportion. Let’s see how this plays out!!
Zeek members, could be you, your kids, parents, loved ones whom have been having hard times. Stop being Selfish, and hope thing’s pan-out.
Troy is highly reputable, and tells it as it is on both sides, take or leave it.
Wow they really have gone to work brainwashing the AG on his facebook page!
Didn’t think of that….tax write off…
lol
How bout you go to hell? It’s asshats like you that screw people over by getting them in a room and swearing by a ponzi. So they invest a bunch of their money and it disappears.
Then when they ask you why you say ” dont invest what you cant afford to lose”
So let’s say there was millions of dollars frozen and taken over by the state. What happens with all that money, does the state just take it LOL, or do they start a civil case paying back members.
Anyone have any experience with this, If so how do they decide who gets what?
I think this is going to kill Troy Dooley’s reputation as a mlm authority figure. since many people did due dilegence and joined based on him giving a green light on this deal.
Not saying it’s his fault it was our choice to join. Nobody forced anyone, but his reputation is huge or should i say was huge. It meant alot that he took such a interest in this program.
I got in due to a trusted acquaintance. I am out $2,200. Keep the hope but I will guess that Paul had a 1 year plan (to the day it seems) to go MLM and run with the funds.
The 2 week delays to get paid, the bank changes, etc. are all signs. After Madoff though, the money, wherever it is, will get retreived and there will be some refunds.
If there was no product generating revenue, then new sign ups was the business plan. Sorry, but I think the game is over. Let’s keep working for a living.
Stop this guys, rise above. If Zeek is done then I am in big trouble financially BUT I still take my hat off to them.
Thing is, if you have a brain you will know that this kind of company will not be there forever. I hadn’t made a penny because I only joined 3 month ago but if I joined a year and a half ago, this company would be a blessing as it was to many people that I have come to know after joining Zeek.
If you want to be mad, be mad at the system, he government, whoever but not the people at Zeek. Didn’t work out, I am VERY upset but to you who made Zeek possible I say thank you.
Yeah quite frankly I’m in gloating kind of mood especially when I was told how much of an idiot I was by my mums dickhead co-worker he tried to get me to throw 10000 into this stupid scam and convinced my mum and everything.
So yeah good job to all those douche bag recruiters and their cult like behaviour!
In visiting Troy’s blog/website a few days ago, I was looking at the pictures from the last red carpet event. What was striking to me was when they showed the panel of “experts” of Zeek on the stage, Troy was sitting right there with them. Kind of makes you wonder doesn’t it, besides being one of their trainers.
but don’t expect more than $75. Too much was paid out past 12 months, so I will speculate that there is $150,000,000 to be recovered.
Waiting for comments by Nehra, Grimes, and our exiled buddy Laggos. Then this this tragedy will really get interesting.
Troy is a trainer for zeekrewards. He works for free. lol. Every red carpet they had, troy was there. Free my white arse.
Since the question has been asked if the government would help in getting anyone’s money back, that depends on who it was that shut Zeek down if the lawyer is correct and they are toast.
If it was solely done by the NC AG, all they are responsible for are NC residents. Anyone in any other state or country is not their problem.
If the feds did shut them down, and they file charges against Paul and/or others, then the court could appoint a receiver. But that depends on which agency shut them down. It is not a simple yes or no answer.
But what I find most fascinating about now wanting the governments help in getting your money back, it was the evil government being blamed for the CID in the first place. How quickly we turn isn’t it.
I don’t know if I should blame Troy for indirectly encouraging me to invest in Zeek or if I should blame Oz for his part in exposing Zeek.
At least Oz never lied to me but he (and other “critics”) did have a huge part in decreasing the longevity of Zeek. I guess I’ll blame no one!
You can write off losses, if you are in the US, on your IRS Tax Return. But you really need the services of a good accountant or CPA to do that knows how to do it.
They didn’t take their business away from either bank. The banks gave them the boot.
Blessing?
You would be taking the money from new investors, like yourself…..right now. Ponzis are a blessing to no one. I wish zeek had been wiped off the map sooner.
Bull$hit. The business model killed zeek.
Oz just pointed out the business model.
Whoa. That’s some strong Kool-Aid being served over there.
Based on the comments posted on the NC Ag’s Facebook page, there are a lot of gullible people who signed up for Zeek Rewards or more likely they are just trying to make nice so they get paid.
This opposing comment is hilarious:
I will respond on behalf of myself.
No way would I put as much effort as Troy does for ANY company — unless I am getting paid.
No way would I make YouTube videos cheerleading recent events as a good thing — unless I am getting paid.
No way would I spend hours upon hours responding to comments and answering phone calls from Zeek/Affiliates — unless I am getting paid.
It really is simple for me. I don’t work for free unless it’s for charity or helping a friend. Zeek is neither for me as it is a company.
My opinion of course =)
It is okay to have hope, but those of us who actually studied another scam called Ad Surf Daily would note this pattern is also what happened with Ad Surf Daily. First the website went down, then the offices are closed, then investigators moved in.
Note that I don’t know if this is what happened. I suspect, but I do not know.
ASD has some AMAZING similarities with Zeek.
I don’t know what’s going on with Zeek. I suspect law enforcement moved in, but I do not know UNTIL there is confirmation.
What I can point you at is what happened to Ad Surf Daily, a convicted scam that has some AMAZING similarities with Zeek.
http://amlmskeptic.blogspot.com/2012/07/scam-study-ad-surf-daily.html
@gen3benz I think you misunderstood my comment. You’re right though, Oz did a fantastic job pointing out Zeek’s business model and in doing so decreased the longevity of the company. Get it now?
Yeah, but do you really think the NC AG was checking this site to determine if they should shut them down?
Or maybe the people reading figured it was a ponzi/pyramid and complained?
Honestly, has any one made any money on this? I am not talking about what your daily profiting that was used to repurchased to buy more bids at 100%, how much have u actually put in your bank account?
Troy dooly is complicit in his endless video presentations regarding rvg! Although some are willing to cut him slack over his slanted reviews. I am not sure why he has been spared the critical criticism of witch he is deserving.
From his glowing review of keith laggos’s article in “The Network Marketing Business Journal” extolling the wonders of rvg, to without skipping a beat, cheer leading people seeking “MLMHELP”, that the wonderious keith laggos joined the rvg team as a paid consultant (no conflict of intrest there).
To top it all off he drops not so subtle innuendos that the wonderious kieth is a shill for Lyoness, when laggos abruptly leaves rvg. What the what! Then there’s the brilliant performance on Aces Radio Live:
Yea that dose not sound like faux legalese. Then my personal favorite sputtering like a car that can’t get outta first gear on a long hill:
Really troy
As they themselves claimed 1.2 million members, what exactly does “thousands of people claimed that they made a lot of money” actually prove?
It actually PROVES they are a pyramid scheme or a Ponzi scheme.
The longer it dragged on, the more victims it’ll have, and the worse it’ll hurt. AND the more false hope it’ll plant.
Note that until AG’s office confirm, we don’t know if the shutdown is temporary or permanent.
@gen
Of course they were.
Just like the NC AG are going to wake up tomorrow and use affiliate testimonials on their Facebook wall to decide whether to let them re-open or not.
Nice shirt, Mr. Dooly. Sending the critics a subliminal message?
Nothing new. In Colombia, when the government shut down a dozen Ponzi schemes including “Grupo DMG” a bunch of people went on hunger strike, chanting “We believe in God and David Murcia” (leader of DMG).
http://kschang.hubpages.com/hub/When-a-Scam-Becomes-a-Cult-what-makes-it-possible-and-how-to-prevent-it
Yeah I think the NC AG did look into sites like this, Kchang’s, and I’m sure Dooly’s as well. Maybe not for information they would call “official” but for their own research.
And yeah I think those who complained read critics sites as well. I wouldn’t have been an affiliate who complained without sites like these because I, like everyone else, was getting paid. Either way I give Oz a lot of credit.
He did the right thing without a doubt but I think Zeek would have lasted long enough for me to get my next payout on Monday to break even on my investment without Oz and the major players like him. Sorry I don’t know how to do that special green comment box.
Yes, a little bit…
Hahaha “Pweeeeeese Mr Cooper, let my favorite scam continue to rob people to pay for my colon cancer/hip replacement/engine tune up. Did i mention i have 14 adopted kittens and a peg leg?”
What you didn’t know (but Oz and the rest knows) is Zeek tried to take my hub offline through a bogus “takedown” notice. And they did succeed for one week.
Instead of repeating my story I’ll point you to my blog entry on it:
http://amlmskeptic.blogspot.com/2012/07/newsflash-zeekrewards-parent-company.html
For those who wonder about how the US prosecute Ponzi and pyramid schemes, check my article:
http://kschang.hubpages.com/hub/How-Pyramid-Schemes-and-Ponzi-Schemes-are-Prosecuted-in-the-US
Unfortunately, the victims of this fraud are about to receive a very harsh lesson on the realities of how online ponzi scams work.
“IF”, and I stress “IF” there really were “thousands” of people claiming to have made money, then a great many of them are what’s referred to as “shills” or “cheerleaders” or “pimps”
IOW, it’s their job to convince others there’s no risk and there’s big money to be made.
For a clearer picture of what I mean, do a quick Google on the term “Judas goat”
How much was paid out to the zeek sales force in 2011? Cashed checks not 1099 statements.
It is my understanding that a person receives a 1099 based on what their daily profiting each day was and not what wAs actually sent to a checking account through the third party entities like nxpay.
Has any body had a bad experience in doing their 2011 taxes based on their zeek 1099, or are we all still so new in this that we don’t know???
@gen3benz hahahahahahahahahahahahahahahaaha
For what? running an effective… propaganda campaign?
Fraud is fraud. Some fraud pays some people (and defrauds the rest). Sounds like you’re just lamenting that you didn’t join early enough to be among the paid instead of owed.
You can thank them for “educating” you about potential scams, but don’t thank them for providing false hope. That is fraud.
No one knows. MAYBE that’s what AG’s office demanded. 🙂
I suspect it’s no more than 15% of that 58.5 mil figure I calculated from their Income Disclosure statement.
Well now there is a petition circulating for Zeeksters to sign wanting their Zeek back. It was posted at TG. You really have to wonder at the intelligence level of some of these people if they think a petition is going to get a website back online and a company operating again.
I saw one on MMG it got taken down it is ridiculous I have posted on NC AG Facebook page these people are truly “thick”
Actually this is what I found to be intriguing:
http://www.the-dispatch.com/article/20120816/NEWS/308169976?p=2&tc=pg
How would the affiliate know they are Zeek employees that changed the locks or take boxes of stuff out the back door? Do they wear badges or wear Zeek shirts or something?
Why can’t they be AG investigator(s)?
They are as dumb as AISPA members (ref: Speak Asia) who held blood drives and whatnot, and even paid off a victim in hopes of getting rid of his lawsuit.
Do AG investigators wear badges or shirts or something?
Been reading zeekhead responses on the Israeli forum now. Those people could put a positive spin on the Holocaust.
He’s good on everything EXCEPT Zeek and RVG. I am not about to question EVERYTHING he does just because of his viewpoint on ONE thing which we disagree on.
I may go as far as say that Troy Dooly himself may have been hoodwinked by Dawn and company (admit it, Burks ain’t exactly a “spring chicken”, but Dawn, on the other hand…)
Troy have said multiple times that his way of networking is treat people nice, and in turn, people open up to him. That’s how he’s buddy buddy with every big shot in MLM, just about. But that just opens himself up to being hoodwinked like any affiliate. He can change his mind when he had to, but apparently he hadn’t cross the bullsh__ threshold with Zeek just yet.
If the company is found ‘guilty’ will there be prison sentences for Burk and Dawn?
Troy appears to have believed that Zeek would have the RPP beefed up by the time any investigation occurred with ZeeBates, and new qualifiers where anyone with 10,001 points or more would have to maintain a minimum of amount of retail customers. So it did not happen before the AG came knocking.
Several times Troy has stated he does not believe the RPP will be dropped, and that this is the worse case scenario. The intrigue to me is the abrupt “lock down” of the investigation,and zero information from company leaders.
This seems rather more harsh than one might imagine would take place as part of a CIVIL Investigative Demand. Below is an excerpt by Troy:
@Chang
My gut has told me from the beginning that Burks and Dooly have been Hoodwinked by The blanket cape.
HOODWINK: To get the original significance we must go back to the old, old meaning of wink—to have one’s eyes closed. Thus, in the sixteenth century, when fashion decreed head coverings of cowls or hoods, often attached to the cloak, or in this case a blanket cape, one became hoodwinked or blinded when the hood fell or was drawn over the eyes.
Thieves and purse snatchers took advantage of the fashion to hoodwink victims. But the term and practice were also employed in the came of blindman’s buff. Hawks and falcons were also hoodwinked when being carried.
Personally, I’d say there are no more than 250K active affiliates, much less “qualified” affiliates.
And 5 customers per affiliate? that’s WAY BELOW the Amway rules of 10 retail customers per month.
And how are they going to enforce it?
Your estimate on qualified affiliates with over 10k points is probably way off. I believe there are LESS THAN 100k affiliates with > 10k points from my own experience with several large downlines.
As of last month, there were only 100k affiliates who had taken the compliance course. If 30% of them have >10k points that is 30k and even that may be too high.
In other words, Zeebates won’t generate much revenue in the first place, let alone adding some 2:1 or 4:1 qualifier for affiliates with > 10k.
When you break down the Zeek points balance, it looks like a pyramid. The top few % are over 10k points. But the top are sucking so much money out of the system.
Company can’t be found guilty. it’s be the managers who’d “face the music”, and charges can be varied, fraud, wire fraud, mail fraud, deceptive practices, violating securities act, selling unregistered securities, pyramid scheme, and so on and so forth.
We really have NO IDEA what did NC AG’s office do, much less what they *will* do.
For those who do not understand the blanket cape reference, please see every attire Dawn has worn since Zeek has been reviewed.
@Jimmy
I’m with you on that. These numbers were Troy’s
They clearly don’t wear “POLICE” or “SWAT” 😀 Or the affiliate would have panicked.
I don’t know. I suspect AG investigators could just be casually dressed office workers. it’s not as if they need to show up with police escort, right?
Is it common to lock down a headquarters, and shut down current operations during a CID? I was under the presumption that the process could take weeks, and that a company would operate as usual during the investigation until incriminating evidence was discovered.
Of course, not that a CID is common.
It’s more logical than Zeek shutting down their own HQ and all its websites “voluntarily”…
Someone posted that link to that “petition” on my hub.
I published it, with my personal observation:
I don’t know. I suspect AG investigators could just be casually dressed office workers. it’s not as if they need to show up with police escort, right?
so it’s ambiguous of you to make the initial statement..just because of the attire means nothing…it was even mentioned the FBI were there…were they in FBI uniform….all speculation and conjecture
Troy maybe over-reliant The Dispatch interpretation of who changed the locks.
I spoke to someone who was there. He said someone from the AG’s office changed the locks.
This is just hearsay coming from me. I’m trying to get something Oz can source. I asked him to contact Oz but he doesn’t want to be anywhere near this thing now. Will update if I can, or will forward update to Oz.
Consider that if the AG changed the locks, then EVERYTHING FITS. Generally speaking, how often does an employer change the locks of his own building? He’d just fire all the employees, lock the doors, and be done. There’s only a few people with the keys anyways.
Usually when the locks are changed it’s not the company doing it voluntarily, but an external party forcing them to change the locks. The entire “employee voluntarily change the locks” doesn’t make sense.
The firing of all the employees is a major clue. If this was temporary, the employees would either be on paid leave and furloughed, but not terminated.
Why doesn’t Oz want to be near this at the moment Jimmy he’s done nothing wrong ?
there’s no proof in anything…who changed the locks..the fbi were there..the staff got terminated (by who..zeek or the AG)?
Call your bank. A friend of mine abd I joined a month ago. Aparently zeek will credit your account with the funds on your cashiers check. But they don’t cash your check for a while. We both got our money back.
Call your bank now and put a stop payment on that check. Chances are you’re still in the clear.
Sorry, I should clarify my comment. My source does not want anything he says quoted or to be identified because the source was to be as far away from Zeek as possible. He doesn’t want to be involved in any lawsuits, nor be interviewed by AG or FBI or whomever thinks he might have some insider information.
My source who was on site when the doors were locked says it was someone from the AG’s office. He said the person was definitely NOT an employee.
I’m trying to get more details and something that is sourcable for Oz to post. Until I can get some corroborating information, it’s just hearsay.
I asked for a description of the person and clothes they were wearing, what type of vehicle he arrived at, where he parked (employees may park in the same spot all the time, external parties could park in a different area such as on the curb).
I think the cash the checks overseas and that’s why it takes so long for them to clear. I’ve pretty much been playing with monopoly money for weeks!
There is proof that the staff was terminated. Is that not a major development? Zeek can’t just go back to business-as-usual.
There is proof the Zeek Rewards website is down, and prior to it being down, all withdrawal options were suspended.
There is proof Zeekler auction is down.
There is proof the Facebook site is down.
Should I go on?
yeah…it’s obvious sites are down, anybody can tell that when can’t log in….don’t have to be smart to realise that….but whats the proof staff were terminated
Obviously nothing was voluntarily shutdown. I am just surprised there is zero insight to the situation leaking down from the top, positive or negative, spin or reality.
Thanks for clarifying Jimmy I completely understand why your source would like to remain out of the limelight.
What’s obvious it wasn’t voluntary?
It’s time to get some info from the IRS, some general info that can be published here and on other websites.
“Tax return for 2011:
I have serious reasons to believe that a 1099 from Rex Venture Group / ZeekRewards contained some incorrect amounts and/or incorrect tax methods.”
Plus give a description of the situation:
“Under investigation by the NC AG”, “closed their office”, “website down”, “suspected Ponzi scheme”.
Plus give a short description of the tax issue:
“Some of the taxable income is probably based on virtual POINTS rather than money. This will also apply to some of the deductions.”
Plus ask for general information, how a taxpayer should handle this situation (whether or not each individual taxpayer will have to contact the IRS, etc.).
“General information” means something you can post on the internet. Offer to publish it on a couple of websites visited by several of the people affected.
Avoid drowning people in work. You’re trying to solve a problem for the IRS, not the other way around.
Article updated with statement from Troy Dooly.
Troy never did choose to grasp that critics of Zeek weren’t primarily concerned about the “niche” that Zeek was in, but the RPP.
Well, as a recent zeek affiliate that placed some money into the system and thinks that has lost it now, I am sorry that I didn’t listen to the warnings that you gave us.
I thought that i had time to make money. But i was wrong. I am also glad that I didn’t affiliate anyone.
Thanks Kchang and others for blowing the whistles although I did not listen. My greed overcame my mental capacity.
Absolutely. He is asking “as a rep?” as if wanting to say loud and clear that he has been taking money from Zeek in some other ways or has financial interest in letting Zeek run its ponzi/pyramid.
He does not even let one of the Zeek executive, Dawn, to answer a simple question as if he is her superior in Zeek management. That’s why I think he has some skin in the game and be subjected to law as well for not reporting the truth even after having (he has claimed a few times) an insider access to their numbers.
As I said in another post, people joined because of his reporting, continued to recruit others because of his reporting, and put their hard earned savings because of his misguided reporting.
He, in a way, led people to believe that Zeek was not a ponzi/pyramid and helped prolong its life at the expense of others.
Not at all.
What it WILL have a difference on are ponzi frauds disguised as MLM penny auctions.
Completely different
LRM, that quote was actually from Troy and posted by Oz when he updated this article.
I accidentally blockquoted it as being from Oz.
And I agree with your statement.
I was lucky! After reading the info on this site some time ago I decided not to put in anymore money after originally putting in $1,000. I just received $1,033 into my bank account this morning, so guess what?? I made $33 profit!! WOO HOO!
I still have 3,000 VIP points – should have got that out as well….but I’m not greedy, I just wanted to get out my original “investment” and then I was going to watch how Zeek went and maybe later on get out another $1,000 which would have made me very happy.
Unfortunately my partner was not so lucky, he just recently added $9,000 to his original $1,000 when the affiliate above him kept suggesting he do so while she raved about finding “the pot of gold” (which was Zeek).
She had/has 300k points!! Of course we are hoping my partner can get his money back 🙁
Fox8 WGHP story on Zeek Rewards closure (no new information) – http://myfox8.com/2012/08/17/zeek-closes-headquarters-in-lexington/
I just lost $10,000 cash.
This was my first MLM opportunity. Worst “investment” decision I’ve ever made in my life.
I was pitched with a spreadsheet and a big story that I could make a million with sponsoring. I had an eery feeling about this after a month into it and I should’ve went with my gut and just set my account to 0% and get everything back. To all those people out there that lost their money, I feel your pain.
It wasn’t until mid-late July I started smelling the major SHADINESS and I set my account to 0% right (FORGET THAT 70/30 strategy!! NO WAY).
Honestly, I lost interest in the MASSIVE PROFITS my sponsor kept assuring me. I just wanted my $10k BACK!! We were supposed to start getting checks on the 20th (4 days from today) We just had a baby and we were going to put it into a downpayment on our first home.
Not sure how I’m going to tell my wife about this one. She felt eery from the beginning and she’s not going to be happy to hear the news (she also resigned from her job to be a stay at home mom starting this month). It’s going to take us a while to rebuild these funds to buy a home. It sucks.
How can Dawn, Paul, Darryl, etc. lie to so many people? Don’t they feel guilty?
I remember I pitched this opp for a week or two and I felt SILLY and unethical. Just the little things like the site was poorly designed and their support was ridiculous.
Lessons learned: DO YOUR DUE DILIGENCE! Don’t trust ANYONE. Approach every opportunity with a mindset that EVERY deal is bad until factually proven good.
hey guys I am new Affiliate of Zeekrewards my start with zeekrewards is good and I have faith about that zeek they doing good job and I know people making money and they are sporing them.
let,s guys sport zeekrewards and bring them back we need them
Damn, I wish Dooly would get his site back up permanently.
I look forward to reading his take.
Hopefully, he’ll agree that this is not SOP for a business.
I put 5k in December of 2011, during that time I had mixed feelings, but I seen others who were making making money. The affiliates who joined early made money, those who joined later LOST.
Even though I would like to think ZEEK will be back, I believe they will not be back ever. My money is gone, but it was gone the day I gave it to ZEEK.
I hope the best to the others who have lost money in this scheme.
Zeek is doomed! Nobody will have any confidence in this scheme (if they get back online), nor will they dump more money into it.
It will be just like Black friday for online poker…the “fish” were all scared away when the sites froze their banks, and now all they have are a few thousand serious players, living in Canadian hotel rooms and Central American condos, competing with other real good players for smaller prizes.
My Dad once told me: If it seems too good to be true…it probably is!
According to Troy, it’s normal business practice. His own words.
Your sponsor earns 10% commission on all your “repurchass” of sample bids, so an answer could be:
“OK, I can put in additional $9,000, if I got half of the 10% commission you earn on that, including all the repurchases derived from those $9,000. And I want the same from YOUR sponsor too, half of the 5% commission he earns on the purchase / repurchase”.
That’s a fair deal. If they want you to risk YOUR money, they will have to pay for it, share some of the commission with you.
That’s correct. I remember watching a documentary on some strip club in Florida that was shut down by federal authorities, and they actually chained & padlocked the front doors.
There’s no reason for a business owner to change the locks unless he has a problem with ex-employees still having keys.
Plus, as you said, this is no temporary thing since the employees were terminated, not temporarily laid off. All the hopeful “Zeek is going to come back better than ever” comments are just wishful thinking by people who don’t want to admit to themselves that their money is bye bye.
I feel sad because some people I personally know have been affected. But I did warn them.
Let’s work this out quickly. Zeek promises 1.5% return a day. So, if you put in $10 000 today, in 8 years time you would have more money than the entire USA debt. Now imagine 1000 people all invest $10 000 today. that means 1000 people in 8 years time would ALL have more money than the entire USA debt.
It doesn’t take a rocket scientist to work out that this is simply not a sustainable business model.
Unfortunately the gullible are usually the victims. But it is also the gullible that think they can invest X, place one ad a day and retire in 1 year. They actually have themselves to blame.If money was that easy to make why would people like Donald Trump still be making it through HARD WORK!???
And as for Troy Dooley having spent years building up his reputation as THE MLM GURU…..well, well, well, is that rep now not in ruins? Shows you….greed can even get the better of a man like him.
I don’t think we’ll be hearing from Mr Dooley anytime soon.
Yes, I feel suckered right now as a Zeek affiliate. The warnings were there but we remained passive, believing you guys were just scaremongering.
Maybe, you Oz, Chang, Jimmy didn’t shout loud enough. You ought to have gone round the tv studios and newsdesk. Nuff said.
Admin wrote:
Shouldn’t message say, Under AG investigation or Closed down or Shut down etc?
I just want truth…and an update from Zeek. Refund on red carpet tickets?? Just someone to be truthful and honest. Not back n forth arguing. Just truth.
“zeek rewards tax 1099 site:justanswer.com” can probably give you some answers about how to file it as deductions, in the tax return for 2012.
Try to find some other sources too. And post it (here) if you find some information of interest, or post it on MMG-forum, MlmHelpDesk or other places where Zeek affiliates can find it?
That’s the basic idea behind this blog, “sharing information”. And the idea works OK most of the time.
@M_Norway
Who are you? You are different.
M_Norways our resident “I catch all the requests for help that slip through the cracks” commenter :).
His contributions are much appreciated!
We have to admit it, all of us, did our own research before to put some money in this company.
We were blind, too good to be true, and now, the only thing we can do is to wait, and if this is completely done, try to learn from these and never, never put money again in any MLM business. Soon or late, they will collapse.
My question would be: if there was a fraud, a ponzi scheme, will the government track where are all these millions of dollars they stole from us, and will be a lot of attorneys sending mails to all of us, in order to join to a massive law suit against them in order to recover at least pennies from our monies??
Ok, I think I’m just about done with this zeek thing. One final question… I have all my records, so is it just a matter of waiting for a 1099?
Good luck to everybody.
I feel the same way. I didn’t want to see anyone lose money. But on the other hand, after having my concerns blown off, my father-in-law smugly saying, “What are you going to say after we’re all rich?”, my wife constantly telling me that I was being too negative and chastising me for not being enthusiastic about Zeek, I can’t help but feeling like gloating a bit.
@Andrew
You just like a large majority of folks on this site make assumptions without all the variables… Having diarrhea of the mouth without knowing what you are talking about.
Your example assumes that the profit share is 1.5% compounded daily forever. Your are not taking into account that every 90 days your bid purchase drops off.
So if you start with 10,000 points on day 91 you will see a drop off of 10,000 points and each day that you buy more bids with the profit share you have earned for that day they will drop of 90 days from that day as well and so on..
You are still talking about great money, but nothing like you are guessing at.
I know a lot of the faithful are trying to keep the faith and at least get their money back. I hope they do and I have some close friends that are on the hook as well.
I’m not a lawyer and have no experience with the actions of an AG or federal agency but I would assume that and state of federal agency that issues this type of information demand and closes (or appears to close) a business, there has to be some pretty hard stuff in their hands.
I mean, you just don’t do these things based on some general complaints. There has to be some pretty big stuff based on facts that have been uncovered. If that’s the case, this thing has to be burned toast.
Comments please from those that know a whole lot more than me about all of this.
does this mean zeek wont report affilate earning to the gov
@Greg A
What’s there to guess at, it’s mathematics.
We’re talking infinity growth here either way (based on the principle nobody would be a Zeek Rewards member if they couldn’t continually grow their point balance). Even with a points cap, it’s still infinity growth as each and every affiliate that hit the cap would place more burden on the incoming non-affiliate revenue.
Non-affiliate revenue, which let’s face it is virtually non-existant – hence yesterday’s events.
Their FB page is not shut down. I was on it a minute ago. Many people posting on here have been bad mouthing Zeek forever. Amway went through this same investigation several times, so what, they are still operating.
Stop the scare tactics and lets wait to see what is going on before you let your constant negativity dribble on. Zeek are a great company, and have helped many people, let’s give them some credit. ……..Tall poppy syndrome!
MLM is not bad; there are thousands of Legitimate MLM Companies in the industry with real products, not Ponzi schemes like this deal
Don’t give up on MLM because of these Ponzi schemes
He will probably survive it without problems. He has an audience who prefers POSITIVE MLM-news, and they feel more comfortable on his site than here. And he has focused on delivering lots of personal service to them most of the time. He has even allowed critics to post there.
But he did a much better job as service-minded “link between company and affiliates” than he did as “MLM guru”, so he should probably redefine something in his description of what he’s doing there.
The difference in audience between his site and this site is primarily that we are aimed towards a wider audience, and he is aimed towards experienced networkers and “true believers”, or some similar difference (I haven’t analysed it very deeply).
So his main audience are probably satisfied with the work he has done.
Does anyone who lives in the area of zeek know any of the employees there? Between all the social medias out there someone had to be a friend or family member of one of the emploees, something should of leaked internally by now, was a gag order issued? There had to be some internal loose lips somewhere, this seems odd! Am i the only one thinking this
So does this mean Bidify will soon go down too
@ Greg A
Ok, so its not compounded. Don’t attack me, mate. Zeek IS closed because even NOT compounded it is still considered a Ponzi scheme.
@Greg: Those figures were done on a spreadsheet and the 90 day retirement of points was taken into consideration.
Even figuring for that, if you put $10,000 into Zeek and repurchased at 100% for 10 years, you would end up with trillions of points.
Even a Zeeker once had a website claiming that it wasn’t a get-rich-quick scheme, then turned right around and claimed that you could make $2 million in 2 years. All for posting one spam ad a day on the internet. This should have warned people that it was nothing but an investment scheme.
This is why I am angry about Zeek, they give real MLM businesses a bad name, I hope they all rot in jail! There are many good MLM companies out there making many real millionaires and not points/monopoly money millionaires.
OK, they just cancelled the red carpet event, sent everyone home and changed the locks, then shut down all websites and terminated all communication with affiliates because it’s normal business practice.
Oh, wait, no they did it because they’re suffering from more growing pains and they’re busy moving into the new 10-story building they just bought and are working on managing the new multi-bazillion dollar MLM company they just bought.
The NC AG will see that millions of lives have been changed by Zeek and let them continue business as usual soon.
Is that what you wanted to hear?
@Andrew
Oh it is compounded, Greg A is just trying to conveniently ignore the fact that even with point retirement, you still wind up with more points than you started with over any 90 day rolling period = infinite growth.
If this were not the case, Zeek Rewards wouldn’t have any members.
The Direct selling industry has mad so many people lots of residual based income. The company you sell your soul to better have products, a great management team (do back ground checks) Science to back up the products your selling, billion dollars or more in sales, This means they have money and will last.
I hate hearing negative news about anything or anybody. Please dont allow this to give you a sour taste in your mouth about direct selling as this opportunity wasn’t a direct sell venture.
Last night Im sure that the ones who pulled money from this, all joined another company. Just stay out of the penny auctions unless your the one bidding. Vegas has better returns.
I am still amazed at all the Zeek faithful. They attack us here on this site, yet, the forget that THE AG (THE LAW) has determined what many of us have suspected for a while…and that this particular model lends itself to being a Ponzi Scheme.
Amway may have been attacked in the past, and they certainly were the pioneers in ensuring that MLM has become considered a LEGITIMATE BUSINESS MODEL, but NEVER EVER were their offices shut down and locked up by the AG. NEVER!
The reason this has happened to ZEEK is because their business model does NOT fit in with that of MLM – the model that Amway fought for through the tough years way back when.
If they did fall within this model, why would they now be closed down and why would CEO after CEO of various MLM companies be voicing their concerns over Zeek’s business model? Surely you guys should have been listening to experienced MLM men and women who are running legitimate, successful MLM businesses with long track records?
The problem is GREED. People saw Zeek as an EASY way to make big money and unfortunately success on rewardds those who are prepared to put in hard work.
Not me, im glad the people trying multiple times to sign me up lost money. Now im gonna laugh in their faces and tell them to get a real job.
I think a lot of the Zeek faithful will remain faithful as long as they still want to get their money back. They don’t want to admit to themselves that they fell for a scam, so their anger will be misplaced.
Instead of blaming the people running the scheme, the people who got them into it, or themselves for being blinded by greed, they will instead blame the evil government for shutting down their cash cow.
Everyone, Paul may had no other Choice than to shut down his office and fire everyone, to keep what is ever going on at the office quiet.
Look DOJ just does not show up at your door, either they did not fullfill the required paperwork they requested or they found something very troubling for them to show up at the location as has been reported.
To say Paul fired them all because they were rude to the DOJ is a joke, so that means he had terrible employees right from the get go and was under bad management by him.
I would not be surprised the US operation will be shut down and it could resurface offshore. But the comment he made that it will affect all penny auctions is that the State of NC have determined that the site is a gambling site and it is illegal in State of NC…. that could be one twist until they do a full investigation of the money flow.
Until there is a statement released from the DOJ then who knows…. If it was not serious why would he shut the doors and shut down the websites? Why would he fire all the employees? Just does not make sense….
Something is fishy like it always has been.
I really doubt Rex Venture Group changed the locks…it was the NC DOJ…Just as I really doubt that it was Zeek employees taking records out the backdoor…it was the FBI!
Has anyone acknowledged the fact that this could all be just a genius diversion from the horrible truth, that zeek Corp together with their new-bee epic adventurer trainer have packed their croc skin suitcases and by now are on their way to celebrate their zillion dollar ripoff in some exotic sanctuary island ?! 🙂
Hello All, When I put my money in I was skeptical but I know on a daily I lose money by eating out and spending when I don’t need to.
I recently lost my job in June and thought that zeek would help me in the next couple of years when my middle child would start college.
I did not put in a huge amount nor did the people under me. I put in what I really wouldn’t miss. I met Paul Burke in Lexington and I really felt then that the business was legal.
I’m not in shock yet and I’m still hoping the doors will reopen and this will blow over.
EXCELLENT POST!
Where is the Like Button?
🙂
Andrew you are 100% correct. These people will go to their graves saying Zeek was wonderful, they changed my life, I quit my day job, it’s your fault Zeek failed because you dare criticize and talked common sense to us.
Honestly you can’t give them the slightest crumb of negative or questionable info with out them freakin out.
All the info was online, who these leaders where, what they where involved in in the past, the whole ASD comparision and just basic math skills could tell you it would be immpossible to last very long even if the auction was legit.
Geeeez.
I entertained the notion that Paul, Dawn, & company were all resting comfortably on a beach drinking margaritas this morning, but if they really wanted to skip town, why not leave the websites up & running so it looks like business as usual and give them time to slip away?
This money game may finally have some clousure. Too bad the AG or some authourity agency could of moved in when payment was still through Bof America instead of this off shore processors, but what ya going to do.
Stay vigilliant to the guys that watch these so called business oppurtunities because we know how they tend to morph into other scams and scammers move on to the next one. One big cycle of SCAM.
Everybody needs to Chill OUT. Networkers are their OWN worse enemies. When something grows this BIG this fast, and money is being made by the masses, then a lot of attention is directed.
Do we really just want to only have to go to a JOB everyday. Being in business for yourself is the BEST. Let’s Pray that all is going to be well and we all need to stop complaining and speculating the worse. Just my opinion
@tbone
That is all I am saying, we don’t know.
Everyone calm down!
What happens when a mega-billion dollar company like Apple shuts down the store?? That’s right, they open back up and release an unbelievable new device that the whole world stands in line and pays big money for. That’s exactly what’s gonna happen with Zeek!
Or not… lol!
I still have a Zeek Affiliate quoting Troy Dooly that the investigation is good, Zeek will pay a fine and move on, this has happened before to other companies without being charged as a scam, etc. Reality is not setting in whatsoever.
I also wanted to thank Oz, K Change, e, Chris Bailey, Joe Mama, and many more for their hard work and dedication with questioning Zeek. There was a real protection from getting caught up with the hype.
Thank you for the updates, I am loving it!
What “device” does Zeek have to release? They don’t have a single product (other than cyber-bids). Zeek is finished! Without consumer confidence, it will never be resurrected.
All of you who were suckered, and in turn, sucker others (like your ex-friends and family), should learn a lesson…there’s no such thing as a free lunch!
@Andrew
CEO of how many companies voiced their concerns? Just 2, right? I didn’t vote for Dawn as the leader of mlm, and I’m sure the CEOs of other companies were jealous because “they were doing everything legit”.
So how does ZEEK get to go about their “untested” business model and people are signing up and “we’re losing distributors and sales”. Someone has to stop the bleeding. Every coin has 2 sides, and that includes the penny!
So many of the problems began right after I signed up in February, so I chose not to really pursue it then, especially as they had several problems with fraud.
I understand why there are so many critics to this biz, I was looking to Troy as a clean and respectable source of information. But now I have at least 20 or so folks who are getting information from my upline about this being a temporary problem. That NC is a terrible state to do MLM in and since the servers crashed, it all looks bad, but really isn’t.
“Everybody needs to stop panicking” is the basic line of communication that is being told by email and phone. So it is easier now than ever to criticize, downplay, and accuse them (Zeek) for all these problems.
You can kick a person or business when they are down so easily.
My friend called me on Monday wanting me to “invest” in ZeekRewards. She had just been “recruited” to venture into this fabulous opportunity to make 1 million dollars.
Thanks to this website and everyone’s comments, she DIDN’T mail her $10K check in this week. I can only be glad I found this info on line to convince her it’s just “not real”. I think we ALL should recognize that anyone who believes they can get rich by NOT working and just waiting for money to appear, is delusional.
Don’t be afraid of hard work, for that’s where the rewards lie. You might as well have just spent $10K on the lottery…pretty much the same outcome. I’m sorry for everyone that has lost money and will never see it from this scam.
The NC AG would probably hire a locksmith to change the locks right? Or would they do it themselves?
Thanks Brad! This all could must be more growing pains though. 🙂
What was it P.T Barnum said…?
@Greg
Zeek’s investment business model and reliance on new member investment hasn’t fundamentally changed since mid 2011. Attempting to pretend that recent events have nothing to do with that is just continuing to bury your head in the sand.
But please, continue to make up all the excuses in the world for the largest Ponzi the US has seen in recent years.
@ Karla Iam completly chill. I didnt recruit anyone into this scheme or have any skin in the game. As for money being made by the masses, it was redistributed without product or service causing the current situation. Alot of people enjoy their job and consider it a career and it contributes to the economy and society. Zeek rewards was probably presented to you as having your own small business with your own back office but can you currently access your office. When i pray i thank god for what i have, being an affiliate in a ponzi isnt one of them.
Well said Michael!!
UPDATE: North Carolina Investigators Demanded Info From Zeek On July 6; State Says It Has Not Taken Shutdown Action
By PatrickPretty.com 10:37 am Aug 17, 2012
http://www.patrickpretty.com/2012/08/17/update-north-carolina-investigators-demanded-info-from-zeek-on-july-6-state-says-it-has-not-taken-shutdown-action/
What country does Paul Burks reside in when he’s not in Lexington fleecing desperate people?
Looks like all hell is breaking loose among the affiliates who are afraid of seeing their money go up in smoke.
This is such a refreshing change from all the “we’re laughing all the way to the bank while you’re stuck in your low-paying job” talk I’ve seen from them in recent months. Who’s laughing now?
Of course. Zeek is going to come back bigger and better with a new venture called Partners Of New Zeekler International (PONZI).
A co-worker tried to recruit me three days ago. It was obvious he had viewed some company propoganda video, based on his excessive use of terms like “upline” and “downline”.
I asked him about saturation, drop-out rates, and whether he realized that the numbers in the Zeek model probably exceeded the US population…all he could keep repeating was that Zeek was growing faster than eBay (which, based on percentage of NEW participants, was probably true).
I looked into Zeek, and then got back to him and told him to pull out his initial investment. He put $7500 more into Zeek instead!
I spoke to him about an hour ago and he is devastated…because he convinced his sister to invest her last $2500 into Zeek!
My original statement was speculating that whoever told TheDispatch that “Zeek employee changes the locks and left the backdoor” may have made a mistake in the ID of the individuals. A Zeek-wannabe is not the most reliable of witnesses.
You are incorrect, that is taking into consideration the 90 day point expiration. You need to do your math, even with 90 day point expiration, your investment still doubles every 90 days, you figure it out.
I did and I found out I could pay of the National debt of 16 Trillion dollars after 8.5 years if I invested 10,000 and kept reinvesting.
Article updated with Patrick Pretty’s new information. More new questions than answers but thanks for sharing that!
If the NC AG didn’t shut down Zeek, this changes things a bit. FTC, FBI maybe? Or maybe Zeek finally ran out of money and Paul just decided to pull the plug?
At any rate, this is a shitty thing for them to do to their affiliates who are now all running around in a panic wondering what is going on with absolutely no communication from the company.
Since when are Zeek employees lock smiths? They can’t even do their own jobs properly let alone moonlight as handymen.
Correct. The facts are as follows:
AG’s office is investigating Zeek
Zeek’s office is closed
Zeek’s websites are down
Zeek’s backoffice are down
Nobody at Zeek can be reached
Any other relevant facts? No hopes or speculations please.
How long before that ubiquitous Hitler video on youtube is re-done with ZR subtitles? Which one of the sub-ordinates will be Dooly?
IT’S ALL OF ONE THING THE LOVE MONEY AND GREED. TROY DOOLY IS A LIER AND THE TRUTH IS NOT IN HIM BECAUSE ZEEK WAS JUST PAYING HIM OFF TO RUN HIS MOUTH TALK IS CHEAP.
If I had some video editing software, I’d do it immediately. Even though that meme is reaching it’s sell-by date, I think it would be hilarious.
Whats worse having A govt agency close Hq. Or closing and running while under investigation which looks like been taking place while members were not notified.
If only being investigated and not charged with nothing to hide would be the most important time to have the red carpet and other lines of communication open. But we know what kind of business they were in.
Dan: That would be hilarious!
It would appear that the AG did not shut them down but they closed there doors on there own.
After reading the article (Ozedit: Patrick Pretty) I would have to say that Paul and Dawn are out of the country with all the zeek money.
There was once an old woman who was gathering firewood. She picked up a log, and underneath was a snake, coiled on the ground half-frozen.
The snake begged the woman, “Please take me into your warm cabin so that I won’t freeze to death. The woman replied, “But you are a poisonous snake, and I’m afraid you’ll bite me.” To which the snake replied, “Do you really think I would harm such a good samaritan as you?”.
So the woman picked up the snake, and put him into her cloak against her warm bosom. As soon as they got into her humble abode, and she closed the door, the snake bit her on the neck.
As she lay dying on the floor, the old woman beseeched of the snake, “Why did you bite me, after I saved your life?”. The snake merely exclaimed, “You are a fool, for you knew I was a snake when you picked me up!”.
The idea of Paul & Dawn sitting on a beach drinking margaritas doesn’t seem so far-fetched now. But honestly, if it were me, I’d leave the business and websites running as usual, and leave the employees there.
I’d be like, “Take care of the business, I’m just going to run down to the bank for a little bit, see you later.”
In all seriousness, I’m wondering if there’s something they know about the AG’s investigation which prompted them to close up shop for good.
Many of you saying Paul Burks has flown the coop for another country need to know that his wife has had some serious medical issues that last several months…I would guess Paul is very close to home in NC..
If NC Ag’s office did NOT shut down Zeek, then who did?
Logically, that leaves only two choices:
a) Zeek themselves
or…
b) The Feds
I honestly can’t think of a third choice.
a) makes no sense, esp. with the “changing locks” thing, unless you want to spin some elaborate conspiracy about they’re esconding with the money or they’re trying “save” the company by moving money offshore while they fight in court or something, and neither makes any sense.
b) … I don’t know. ASD met its end at hands of Feds, but usually you’d see black vans and whatnot and news coverage. This news blackout doesn’t fit the pattern.
Damn! I just invested $1 million with Zeek recently. How in the holy hell am I supposed to get that back?
Just kidding. But the writing was on the wall for a little while there. At worst, the AG would make Zeek pay back all participants who paid to join and invested with them?
GREAT!
That about Sums up ZEEK
I have not seem a company that fired everyone, got their store/site shut down, under investigated, and got reopen like nothing happen (Zeek might come back, as a zombie though).
How many people join Zeekler auctions because they think they can get better deal? or better yet, Join Zeek Rewards Affiliates and earn Bigger Bucks?
For me, I would go with Zeek Rewards Affiliates, because i earn more money that way, and I can use the money that i earned, and buy the items from the auction instead auction it with the chance of losing BIDs (that cost money).
But I didn’t join Zeek Rewards, because i wasn’t smart enough when my Math Teachers… “from high school to college” always says “Compound interest is good, and too good to get that offer.” I would like to sitting around, spending 5mins a day on Ads, waiting for my money to grow 1-2%, a day.
Bank of America should have done this long ago, damn them! they lending out the money at the rate 3.2%+ per years. I borrowed 10,000 at 3.2% for 60 months couple weeks ago, and monthly payment is 180.58, Multiply by 60, i get 10,834.80 WAHHHHHHHH in 5years, BOA will get 834.80 from me.
WTFFFFFF BOA, get over ZEEK now……Oh wait, they are closing for couple days, You have to wait BOA! I’ll join them too with the money that i will borrow from YOU!
Fingers Cross, Please come back Zeek….
I guess right now it’s just a “wait & see” game. If I were an affiliate, I’d be highly pissed at the information blackout and the thought of not getting my money back.
It’s unlikely Zeek will come back to life seeing as how employees were moving stuff out of the building.
Dooly says they pretty much had to take no more funds and certain steps while the investigation takes place. Just have to wait and see.
Was it: “There’s a Zeekler born every minute?”
Interesting – more toward the bottom of the article there is something about Zeek…
http://www.patrickpretty.com/2012/06/18/bulletin-adsurfdaily-figures-and-zeek-rewards-pitchmen-todd-disner-and-dwight-owen-schweitzer-raise-possibility-of-prosecution-for-tax-evasion-because-of-government-seizure-of-asd-database/
Did Duke Energy and Amazon.com have to stop taking funds while they were being investigated?
Troy compared this incident to those two companies. I wonder if their locks were changed, people fired, etc. Troy says it all just normal business as usual investigation stuff.
Wouldn’t the AG’s office have elaborated on that in their statement that they didn’t shut down Zeek? I’d think they’d have said, “We took no enforcement action against Zeek, but we advised them to suspend operations while our investigation is ongoing” or something to that effect.
Normally a business is allowed to continue operations while an investigation is underway, unless forceably shut down by the authorities.
Maybe Paul sees the writing on the wall and knows the end of Zeek is near and decided to close up shop ahead of it being shut down.
I rest my case 🙂
Ah, Aesop’s fable, farmer and the viper
http://en.wikipedia.org/wiki/The_Farmer_and_the_Viper
Rewritten version of scorpion and the frog. 🙂
http://en.wikipedia.org/wiki/The_Scorpion_and_the_Frog
Statement from a german zeek-promoter. His message: Keep calm, there are no official news and zeekler come back soon. Don’t leave zeekler or switch to another new mlm. All what is written in the newspapers, blogs or so on are still rumours and nobody can tell you the real truth.
http://youtube.com/watch?v=fKz6RPEq1qU
If / when there comes a time when authorities delve into this to try and find the money to return to investors…you need to keep careful records, check copies, CC statements, everything you invested into it needs to be on paper. You can not make any kind of claim without verifiable proof.
If you actually made money…same deal, to be sure you can show how much came from Zeek.
If you had other personal money in the bank you don’t want that to come into question.
I wouldn’t count on getting a whole lot of it back though. But some is better than none.
Didn’t PB appear in June and July’s Red Carpet Event? Or was that his doppleganger? 🙂
Okay, enough snarkiness. Is this “medical condition” documented any where? Zeek news? Confirmed by other affiliates? Etc.?
“Later today I should be talking to Greg Caldwell and will get some additional information. Based on what I do know at this point…
This escalated investigation will have an effect on all MLM Penny Auctions currently in business or in pre-launch!”
That is the latest on Troy’s MLMHelpdesk site.
However I know people in the penny auction industry and to my knowledge their penny auction companies have not been notified of anything. It seems strange that any regulatory agency would target Zeek under the pretense of penny auctions. Quibids and others are still up. So maybe some new regulation will affect penny auctions, not surprising. However, that is NOT the #1 reason Zeek is down.
Again, on a sidenote. Why is Troy playing the role of PR fireman? Why is he covering for Zeek’s newly appointed leader (at a good timing for the execs) Greg Caldwell (what background again)? I don’t get it. I would NEVER stick my neck out as much as Troy does without getting paid for it. Even then, getting paid for it is a compliance issue as I understand it now (learning more about this insane industry every day.) So, if not getting compensated for it then why be the mouthpiece for a company that has been otherwise silent? Because people believed in him and he wants to show that he is doing his best to help those that trusted and believed in him?
I don’t get it. For someone who is 3rd party, on the outside looking in, I would have cut bait a long time ago… unless I had a GOOOD reason not to. Still not sure what that is.
Speculation: If the AG didn’t shut them down, I hope this isn’t somebody’s idea of a “we’re just relocating up the road” joke.
Dunno why you’d change the locks then but if they were all employees it fits. Although I dunno why you’d cancel the red carpet and training calls in that case then.
Is it easier to make a run for it offshore than deal with US regulators?
Dooly said something about a big event before installing his new comments system and the training calls were cancelled earlier this week due to “planning”.
(listen to me, I’m starting to sound like those Zeek pep conference calls that took place straight after the websites went down)
Not even him, apparently. To recap:
AG’s office is investigating Zeek
Zeek’s office is closed
Zeek’s websites are down
Zeek’s backoffice is down
Nobody at Zeek can be reached
All of the above have been VERIFIED TO BE TRUE. Anything else, even “come back soon” is pure speculation.
At this point it seems that everything is speculation. NOBODY has any facts except that the NC AG issued a CID, and per their own words did NOT shut down Zeek Rewards. What I don’t understand is why doesn’t everyone sit back and wait for FACTS?
Nobody will know anything until real facts are reported. Everything is speculation and honestly all the guess work that is being posted is nothing but opinions from people who have NO authority to make any judgments.
I suggest everyone sit backs, relax and let the NC AG do their job. We will all know soon enough. I personally think Zeek Rewards will be back and will come back stronger than ever.
Of course this is just my opinion and means NOTHING, just like everything else that has been posted here and everywhere else.
Shirley Crawford.
So, with all of his “inside” access, was Troy Dooly also left in the dark about the CID being issued on July 6th?
He had been saying for weeks that he believed they would be issued a CID.
For those skeptical of his honesty, quite a coincidence, and a possible way for someone who already knew what had happened to soften the blow when it went public.
@Shirley
It only means nothing because you pulled it out of your arse and didn’t back it with anything. Nor does it fit in line with what’s happened thus far.
Predictions pulled out of thin air usually don’t mean nothing, so well done for observing that.
Chang, I heard about Paul’s wife from a reliable source and it was said in front of about 300 people…I would think Troy would know..
I saw that in a movie once. Sounds like a suspense thriller plot.
One of the most interesting facts that Oz reported on in this article is the statement made by Zeek Attorney Kevin Thompson.
Wasn’t this the guy Troy and everyone else championed as the reason Zeek couldn’t possibly be a scam. He sure didn’t waste anytime making a statement to cover his ass! It’s pretty bad when your own attorney bails on you!
Let’s ask Troy…he’ll know! Nobody sees Troy…not nobody, not no how!
Of course this is just my opinion and means NOTHING, just like everything else that has been posted here and everywhere else.
You forgot to post the entire paragraph that I wrote, but then that is par for the course for this particular blog.
I could post several facts to support Zeek, but then all the “idiots” on this site would just have a hayday with their “naysay”. I have many better things to do with my time. I truly believe that Zeek will be back. I believe they will have changes to be made, but this is in NO WAY an ASD duplicate as you would like to state.
Either way, whether we agree or not, You have NO authority to determine what will happen with Zeek, so Like I stated above, only the AG will make this decision. So everything here is only SPECULATION. If you are right, so be it if you are not so be that too.
Shirley Crawford
By 300 people, I assume you mean one of the earlier Red Carpet events, before they upgraded it to 1000 attendees? And Troy was there? That would suggest it was April or May 2012 RCE.
I follow the Reagan principle: trust, but verify. 🙂
Your right Shirley, if Zeek does come back there are probably enough people like yourself who have drank the Koolaid and will continue to put more money into this scheme.
If you have done the math you will find out it is not possible for this scheme to be sustainable. But that doesn’t matter if you keep your head far enough under the sand.
Shirley: Nobody will have confidence in Zeek…it’s over…forget about it!
Zeek is over! Dooley is a total idiot! Troy, I would not be surprised if you were indicted as well!
Better get a good criminal defense attorney!
Kevin Thompson is Bidify’s attorney, not Zeek. Troy previously had to defend himself and used Mr. Thompson’s services.
Only time will tell.
To that you can add: Zeek was not shut down by the NC AG’s office.
@Shirley
You throwing your knickers in a twist about everybody speculating supported your opinion how?
‘blahblahblah everyone is making stuff up, so here’s my theory and it means nothing’.
Oh yes, wonderfully supported there.
I don’t believe I ever claimed to. And the AG is but one agency… what a small world you seemingly inhabit.
I think this is the “big event” he was referring to. I could be wrong.
I have a friend who said he was researching zeek and was put on the phone with Kevin, as Kevin was a zeek supporter (according to this friend). Could be a complete lie.
To all those poor Zeekers: I want you all to send $1 to PO Box XXXX, XXXXXX, NC. Include a 3×5 card with your name on it.
At the end of 3 months, I will draw ONE card…If it’s yours, I’ll split the money with you (minus a small handling fee, of course)!
@Shirley, I bet it really bothers you that information which is negative towards Zeek can’t be controlled here like it was on the ZR Community forums, doesn’t it?
There if anyone dared to ask a question which might expose the truth they were kicked off, I know because I was more than once.
Here you can talk about what Zeek really was, about how your “investment” gave an average 1.4% ROI, no one here will censor the truch unlike the Z
I agree. This information blackout making affiliates run around in panic mode wondering if they’ll ever get their money back will make a lot of them cash out 100% if Zeek does happen to come back to life. I think it’s a good wake up call that many of them need. When you invest money in a shady scheme like this, you have to face the fact that you could wake up one day and find your money gone.
Of course, there will be true believers who will stick with Zeek, but I don’t think there’s enough to keep it afloat.
The relocation theory is hilarious. Yeah, that’s the way a company relocates…shut everything down, cancel events, not communicate to the field during an investigation and completely freak out your distributor group.
Surprise…we were just moving to a new building!!! Ha Ha. Give me a break.
A compamy such as, zeek can not recover from this type of blow! “it is over”
Although, to be honest, why should someone intending to flee the scene of the crime take time to pack bags (or cartons for that matter) or leave a note on ZRNews ??
This is slightly baffling.
AND Zeek HQ’s shutdown
AND Zeek websites are offline
AND Zeek backoffice is offline
AND no Zeek head can be reached, other than their new PR guy who only confirmed what AG’s office said
In fact, I think this is the THIRD TIME I’ve repeated the FACTS.
Zeek affiliates are not waiting for facts. Supposedly 17000 people have signed online petition begging AG to leave Zeek alone.
There are facts. Even you acknowledged SOME of them.
Oh yes, I actually agree with this. All this “petition” would only convince AG’s office that it has a LARGE SCALE (something) on its hands.
Now you’re painting with too broad a stroke. But then, it’s understandable. Sunken cost fallacy, anger, denial… it’s the 5 phases of grief.
Shirley, you bring up a great point, and that is life. Life for the most part is a speculation.
People go to college because they speculate they like a certain type of activity to do for the rest of their life. Life happens, and they do something else. Things do not always go according to plan.
The people here have no authority of what happens with the investigation/decision, but I’m curious if you can speculate on why the AG would rule that Zeek should be allowed to continue to do business?
@Shirley, I bet it really bothers you that information which is negative towards Zeek can’t be controlled here like it was on the ZR Community forums, doesn’t it?
There if anyone dared to ask a question which might expose the truth they were kicked off, I know because I was more than once. Here you can talk about what Zeek really was, about how your “investment” gave an average 1.4% ROI and that there was no way possible that the auctions were paying the affiliates from auction revenue.
Yet you are here because your Koolaid stand where you all gathered before to pump each other up with hot air is all gone bye bye.
I guess they’ll be liquidating their inventory…oh, wait…strike that!
Software issues and lack of concern for their customers (affilliates) cost them their business at this point in time.
Had the software worked flawlessly they would have never had the number of complaints they had. Having said that, if hey would have fixed their complaints quickly instead of never, this issue would have taken longer to come to a head.
I put in 300 about 60 days ago and i really thought it was legit. My brother put in 2000 he’s the one I feel for.
I really wanted to believe this was legit. I do not have allot of $ allot of dreams are gone. This was the only mlm i’ve ever had experience with.
If they do come out of this still in tact… what does that mean then? is it legit or there just slicker than we thought someone please help.
Isn’t it ironic that Bernie Madoff is also currently located in North Carolina?
@ Shirley Your opinion does not mean nothing, if it did why take the time to type it on this blog.
You are right it is in the hands of the authorities and no one has a crystal ball to see if they will be able to exist with a revised business model.
You have to admit you have alot of wishful thinking and anger calling all critics and other people questioning zeek idiots. What iam trying to understand is why zeek leadership is not saying anything to the masses because it may get them in trouble or just cant be bothered either.
Some people comment are really not needed. These are real people who have lost.
I dont wish bad on anyone and certainly not gonna rub there faces in it. jeff comment #150 kiss my ass. I pray no one ever rips you off
ZR: “Surprise! We’re in Bermuda! You’re invited to the housewarming party via webinar! Bring gifts! Can’t wait to see you all there!”
The only way for the people who put more money into ZR than they took out, to get a refund would be for all the people who took out more money than they put in to pay back their earnings.
There is a term for this, it’s called a claw back. Which is why I kinda chuckled when Dawn started using it.
This just in NC AG said they did not close Zeek Rewards Office.
NC Atty General has posted a Phone number 919 716 6046 with a recorded statement about Zeek.
Somebody ripped me off…once…in 1978! I walked in his front door in broad daylight, stole $4000 worth of his sound equipment, sold it for the $1000 he owed me…and still made him pay me!
And you’re just like every Zeek supporter that accuses first assuming the critics are all idiots when they have been right all along. You respond without reading past comments, or in this case, doing the math.
From a comment on another article on BehindMLM:
I just called this number and can confirm there’s a message on there about ZR from the AG office. They state they didn’t shut them down but have requested information from Zeek as to WTF is going on.
Anthony, u mean that disconnected number you have listed there buddy?
Dont know if this was posted…I live in NC and called AG’s office, they in fact DID NOT close Zeek down, so I dont know whats up. peace.
You can’t really expect anyone with a brain to believe that that google+ page is really Kevin Thompson do you? The fact that you are even trying to pass it off as him is totally ridiculous.
It’s funny how you have all of this excellent research into the registrants and owners of programs and websites when you release a ‘report’, but when it suits you you can drop the ball like this.
Chris calm down, don’t be mad at the people here who are telling you like it is, be mad at Zeek for disappearing into thin air with your money!
You were warned, but the Koolaid was just too tasty for you to refuse. You are reaping now. Enjoy your 1000’s of points now.
@crush
Considering Thompson’s Google+ profile is linked to on his blog (themlmattorney.com), uh yeah I do.
Anymore stupid questions?
Ah, that explains it. She was using forward thinking.
That’s pretty much what I was expecting the AG office to be saying at this point.
Hey steve is wasn’t disconnected when I called it. Oz confirmed it too.
@Steve, I called the number and can confirm it is real. The Attorney General’s office is just as puzzled as we are.
LOL Oz, I was just going to mention that.
it is him. He’s in my circle and if you actually check his feed you’ll see my comments in there regarding various OTHER topics on MLM, like Nu Skin, Herbalife, and so on.
That, and it’s linked from his blog / website, AND the link to Troy’s video.
So you’re just grasping as straws.
Yep it works for me also, I just called it and listened to message about how they are looking into wtf did your precious company dissappear too.
Check your phone, maybe phone company shut you off since you were unable to pay bill and they don’t take points for payment.
Oh, I completly agree with you. I only wan’t to give you an example for the lies that the zeek-promoters also tell to the affiliates in other countries.
Sorry, I’m no native english speaker and so, probably I use the wrong words. 🙁
I also think, from the first promoting text I see from zeekler, that it is a pure ponzi and nothing else. But it was very difficult to get (critical) informations and the only answer from the zeek-believers was: You’re dumb, you have no idea of this fantastic company, you’re only a grudger!
So, i sit and wait how long it takes till this ponzi also break down – and it was faster than I ever supposed.
Okay, who’s out spreading fake info, discrediting REAL info sources? Any relations between Crush and Steve there?
Another thing that is kind of funny is that all the Zeekers spammed the NC AG page saying how awesome it is AND AG wasn’t the one who shut it down. BUT NOW they ARE looking into it because of all the Zeeker inquiries! Too Funny!
You really stepped in it.
The AG probably hasn’t officially shut them down yet. Bernie Madoff was sentenced right away either, doesn’t mean he wasn’t guilty.
AG office has to be careful what they say and do things by the book according to the Law. Statements made irresponsibly can get cases thrown out of court.
…that and who are they going to send all their silly e-petitions to now?
Reminds of me of the skee ball games I use to play. You must collect 10,000 points to redeem them for a daggone coffee mug.
@Anonymous watcher
I do not know if they will allow Zeek to continue business or not. I don’t and neither does anyone else know what proprietary business information they are giving to the AG. Until we have answers from the AG or Zeek Rewards everything is pure speculation.
This from my local newspaper
http://www.the-dispatch.com/article/20120817/NEWS/308179988&tc=email_newsletter?p=all&tc=pgall
Nobody is born speaking English. 🙂 I’m not a native speaker either. Really.
We don’t know if they are really gone just yet. 🙂
It’s confirmed its was not NC DOJ who closed zeek. But Zeek itself.
@Darrell
No it does not bother me that information is or is not controlled here. Freedom of Speech here in the USA is a great thing. But until the AG makes a determination all information discussed here is pure speculation.
By the way – I’ve never operated a Kool-Aid Stand. 🙂
Man, this is hilarious and so familiar to the penny stock scam known as Spongetech. “Dooly said…”, “waiting for Dooly to comment”, blah blah blah.
Just like on the message boards when SEC investigation started on Spongetech, all the kool-aid drinkers were saying “don’t panic” and were looking to the message board “guru”, who was a big shareholder, to tell them what was what. Can’t even think for themselves.
All Zeek employees terminated.
That would give Zeek insiders 2 months to withdraw most of their points.
Conflict of interest / insider trading if this was an investment.
What’s Troy’s stance on the conflict of interest?
Confirmed by ????
@Zeek Inside Doubter
It will take more than software issues to shut them down. Also just a note, Their website servers have not been taken down, you can still get to the domain, it’s simply paused for business. A smart move on their part I believe.
Confirmed.
Now that, is speculation.
Instead of smug self-righteousness and I told you so attitude, the better blog and comments just tell what they know and give people a clue about what is going on…
you really can’t blame people in harm times for wishing that there really is a tooth fairy or Santa Claus or Gold at the end of the rainbow.
It is natural not to want to suffer any more from the throes of bad economic disaster the bankers have brought AND THOSE WHO WOULD TAKE ADVANTAGE OF THE HOPEFUL, that there is a way out of the mess the economic collapse has wrought.
So stick to what you know and this will be a great service to the community that just wants answers to their questions.
Stop making people who are hopeful wrong and have compassion instead of trying to pump your flimsy egos up.
Where was *that* confirmed?
Article updated with NCAG statement and info from the new Dispatch story.
You sure do speculate a lot for somebody who is against speculation, lol.
This is a place for discussion and speculation often leads to more facts being uncovered.
That is what most of us are ultimately after.
@Observer
I call people idiots for acting as though this is the end before any official word has been given. Sometimes silence is best. Especially when everything said or done as of late has been misconstrued.
I’m commenting here only because I feel that people also need to realize that everything here is purely speculation and speculation is not what determines whether the Zeek Business model is legit or not.
I’m not angry or wishful thinking, just simply waiting for facts.
Which I don’t feel you get here. Heck at the top of this blog last night, it was being told that the FBI shut down Zeek, the AG shut down Zeek. None of that was true – it was PURE SPECULATION.
From Kevin Thompson, who if anything, would say positive things about Zeek. See Oz’s update at 12:22pm August 17th in the main article.
I consider Kevin Thompson an authoritative source but no official confirmation other than what Mr. Thompson said.
@Chris
You are right it’s all speculation, my opionions are only speculation too, as I have stated!! Or did you miss that in my posts?
@Chris
I am not against speculation, but speculations are not facts. Or do you dispute that?
I think that Paul Burks is an honest person and I don’t believe that he flee the Country, or steal anyones money. Of course this is my speculation. Only the facts will tell.
But sound analysis and judgement that this site you demonize saved the savings of hundreds of people. Many people have commented and sent private notes to Oz and others here thanking the contributors for enabling them to think clearly and to recognize the scam.
I personally have talked to over 10 people who were looking at spending from $1 to $10k and decided not to and they are sure thankful.
I wonder what Shirley would say to those who put in $10k in the last few months? “All business has risk, you shouldn’t have spent money you couldn’t afford to lose.”
Right… nevermind the deception and fraud at the outset.
Call it speculation or whatever you want. I’m in it to follow the information trail, wherever that leads us.
Things have happened in the last 24 hours that cannot be ignored. If speculation based on the aftermath of these events eventually leads us to a conclusive answer, then so be it.
When the alternative is sticking your head in the sand and rubbing your lucky Zeek amulet, the choice is easy.
Zeek was shut down. FACT.
Employees all terminated. FACT.
No one is getting their money back from Zeek. RATIONAL ANALYSIS.
That was certainly the belief of Zeek management now and in the past.
Nope, didn’t miss that and didn’t miss your hypocrisy.
You claim:
More speculation on your part.
As I said, we are all after facts and speculation often leads to the discovery of facts.
You seem to truly only have a problem with what you deem as “negative” speculation.
Will Zeekrewards come out scath free and continue their business as usual?
Will the zeekler penny auction site will be up and running as before and the affiliates paid as before?
I am curious as to why you personally believe that. What made you draw that conclusion?
@ Greg
Mate, I am not kicking them when they are down. I have been kicking them even when they were raking in the millions.
It seems to me you are a person who wants to believe, but the fact is you only KNOW OF 2 CEO’s who were asked. Are you idiotic enough to think the CEO of Monavie is freakin jealous of Zeek and that is why he made those comments??????? Come on!!!!
Geez….no wonder you fell for the get rich quick thing! My bet is ANY self respecting CEO of ANY reputable MLM business would have given the same opinion.
Come on, mate! Surely you can’t be THAT blind?
I don’t know whetehr to laugh or cry at your “jealousy” comment.
Shirley, Agree with you.
We can all conclude things. We can say “It’s over” or we can say “It’ll be back. Both are speculations..and I agree that now is the best time to just wait. Wait for OFFICIAL word and FACTS.
It’s easy for either side of the issue to make their side look good. I can make certain things lean toward Zeek returning, or just the opposite.
That’s why waiting for truth is pretty vital.
Now, I am not in Zeek..was looking into it and it happened to go down the night I planned to join…so I am lucky to not have money in there that I have lost.
My prayers go out to those who are in and hope that whatever happens they will be blessed and come out alright.
Yeah, they’ve got a whole warehouse full of bids they’re going to sell off for pennies on the dollar just to get rid of them before the feds seize them.
Well, let’s just hope Zeek makes an official announcement soon to at least quell the rumors and speculations and keep folks in the loop as to what they’re up to.
A quick Tweet would’ve sufficed. They likely don’t have anything comforting to say at this point.
Another thing to consider…I’m not sure how they can shut a penny auction website down midstream…people had to be spending their money trying to win something…and all the sudden it goes black.
I do believe Zeek saw the writing on the wall and I do believe they are pulling their own plug before the possibility of getting officially shut down.
@e
I thought of that as well…about the auctions that were live when it shut down…
Also..pulling heir own plug..possibly…but why keep the webservers going..why put a Zeek splash page..why do anything…if illegal, why not just shutdown. No website, no nothing?
Do you honestly see them coming back from this though? Without releasing any word?
Speculation is a pure guess. Our observations about business model is based on facts and logic and plenty of circumstantial evidence.
You’re not the first person to use the “speculation” or “opinion” argument. It’s a red herring, because you didn’t argue for the premise or the anti-premise.
It was clearly labelled as unconfirmed reports:
And the “FBI” thing was just below that.
If I want to speculate, I’d say those rumors were started by Zeek employees to sow maximum confusion and build “sympathy”. But that, as I said, it’d be speculation.
Really? How can you spin the events of the last 24 hours easily into soemthing good for Zeek?
People and there greed is sad. Many of these believers are holding on in hopes of getting their money out.
When the day is over regardless it is a Ponzi Scheme and a lot of people are going to be burned. If they (Doubt it) re-open it is still a ponzi.
Remember Madoff???? He was given a stay of execution when the whistle was originally seen as a Ponzi by some SEC investigators but the turned a blind eye. All this did was allowed him to burn more people. Now the suckers at the top that made money or those with investments in also wanted to believe in him. He even had fools at his trial praising him as a great man.
Bottom line is a lot of people lost everything they had and it will happen here. It just pisses me off when I see those defending this garbage.
How the hell can they pay those returns for doing nothing but putting money in it, paying 10 bucks a month to have an worthless ad placed for you, and just do nothing, sell nothing and just wait until you can cash out. Then really increase your odds by telling your friends and familly to do the same.
Get in, do nothing, and make all this money. Where is the money coming from. If your stupid enough to believe its from that worthless penny auction that makes enough daily to pay those returns you deserve to lose your damn money.
The point is stop being selfish and think about all the people getting burned. You want this crap to come back so they and you can smoke someone else. Get a LIFE!!!!
@Darrell
Okay maybe not EASY to do so..but you can do it lol.
You could say, if they closed, locked up, fled the country, why would they have taken the time to create a splash page and not just shut off the web servers.
That’s a minor example..but you could do that with any piece of information.
Obviously though, all that’s happened definitely LOOKS bad..and very well could be. I just want to see facts so I can know for sure ya know?
The splash pages are nothing more than footer images with h3 html code for the text. They would have taken all of 2 seconds to put up.
Possibly less than that as they appear to both have been generated using WYSIWYG in Frontpage.
Exactly how scam artists operate; they get your trust, and then they get your money.
The ZR zealots are now getting into the “denial” phase upon realization they’ve been scammed. I just saw an article that said the BBB had over 20k, that’s right, TWENTY THOUSAND inquiries into Zeek Rewards in the past 30 days. That’s usually what happens when a Ponzi scheme starts to unravel.
http://wqad.com/2012/08/17/zeek-rewards-and-zeekler-com-shut-down/
That’s assuming these items even exist in the first place.
OMG! I can’t believe people actually put so much money into that stupid MLM program.
I am here looking for investors for a real business and find it so difficult yet you people practically throw your hard earned money away. So no fair!
Oz,
Aware of that…as a web designer I know it takes no effort..my point though was why?
Anyways I wasn’t SAYING that is true I was just saying that is an example (small one) of a way to make things look positive.
I wasn’t saying that was my stance 😉
You’re assuming that it was Zeek that put them up. 🙂
So hoardes of angry investors don’t storm Zeek HQ with baseball bats?
If zeek was more transparent there would be obviously less speculation. ex. last few weeks management did suggest there may be changes, but all for the better with greater profit sharing, more compliance and more sustainbility.Then boom one thursday they close shop and leave a note on the window.How can that deception not lead to speculation…
Not so much as they threw it away. They threw it at Zeek.
The promises were too enticing.
Where the heck is Troy Dooly. Thought he have something to update by now.
Obviously any “we are closed for now” sign is better than a 404.
While I’m sure Zeek didn’t think that deeply about this, a splash page takes about a week for Google to penalize in search rankings, but a 404 can drop a site in 48 hours.
Soon BehindMLM will rank above ZeekRewards.com. Brilliant.
ok, hows this for proof? updated article
http://www.the-dispatch.com/article/20120817/NEWS/308179988&tc=email_newsletter?p=all&tc=pgall
What cracks me up about this is that I haven’t read one person yet who said they are missing the opportunity to win great auctions and great prices! It’s all these affiliates that are worried about losing money.
I know if ebay shut down temporarily, not just the sellers would be frustrated.
This leads me to believe this company is very very very dependent on affiliates and their financial “investments” back into Zeekler.
Good catch bubba.
Well Bubba, that just about says it all!! I guess we have one more fact to add to the pile.
So now did the Secret Service or SEC shut down Zeek?
Yeah Darrell… we sho do… and I was the one yesterday who said the FBI.. so Secret Service wasn’t too far off!
LOL 🙂 That happens anyways ya?
What was Troy saying about this not being a criminal investigation?
Is it still considered civil when the SEC and SS get involved?
I am interested in how Dooly will spin this in a positive thing, I bet he will though.
That probably would be web based requests, i.e. 20k queries on Zeek on bbb.org. Still significant, most definitely.
Who would my attorney need to contact for debt collection, as I assume (otherwise) funds will be frozen for who knows how long.
Thanks,
Kevin
Secret Service and SEC working in coordination on joint case. Wow ZEEK MIGHT BE A HOUSEHOLD NAME FOR A WHILE.
Not for any positive reasons though. I guess when management said they where planning something big this was it.
That appears to be the $64,000(,000?) question!
Like Zeek said “you ain’t seen nothing yet”
Secret Service is who shut down Ad Surf Daily. Not good.
I believe the SEC def does not want to drop the ball on this one. The secret service should obtain alot of damaging evidence for trial, please zeekheads dont deny this or assume this as a make work project.
@observer, they have no choice but to deny this as made up. They are in complete denial and want to continue in the fantasy world that is Zeekdom
what are the funeral arrangements for zeekrewards, when will the family come out and announce that zeekrewards has passed away and let people get on with their lives and mourne in peace!!!It had a great life but will be sadly missed by many. May it rest in peace, RRP sorry RIP.
great blog….
The roof is made of toilet paper and it starting to rain really hard.
Oz, Kchang can you guys believe this…LOL
I wanted to go watch the new Bourne movie today, but this is much more exciting!
LOL Keep watching there may be a newspaper clipping of the big three in handcuffs.
I agree e, I took the day off just to watch. Very exciting stuff!
The perp walk with a blanket cape over the head.
From Dawn’s FB:
Although I do have compassion for people, BUT, when the warning sirens, bells, whistles, flares, parade, emails, comments, “trolls”, have been waving for a long time — I personally can’t help but point out —
It is probably going criminal now. I said it before. Usually people would delete (ok not delete, FB doesn’t delete, it keeps in their database and does not publish) their facebook profile. This time the facebook profile is still there but not removed. Maybe the recommendation is there but not the will. Who knows.
Sad for all involved, and at the same time better for the future that are not future victims.
what to believe??? servers crash down…. they are moving to other state…. the secret service shut them down….the NC AG is investigating, ….. from whom will we be receiving a formal and creditable information????
the real fact in my opinion is that all of us, the fine people….. are fu…….
The more you say words of speculations the more words you will eat later. It might suffer indigestion and loss your self respect.
Both parties pros and cons just wait for the final verdict.
@ Ronnie… did you not see the picture of the Secret Service officer in FRONT of Zeek Rewards? Is that koolaid making you blind as well???
any word from the fortune teller ‘keith lagos’ . his prediction came though, i hope his 40k for july is not pending !!!
Gone for Lunch, or Gone Fishing wouldn’t have created as much of a panic though.
Now Zeeklers are getting emails from their upline with this site link stating an interesting article on here.
How can anyone tell that is secret service not just local police?
Google secret service badge and North Carolina police badge…you’ll find many similar badges.
(Just an honest question..)
No, but I can blame people for calling me stupid because I can’t see that their ponzi scheme is the next big thing which is going to make everyone rich.
I can also blame them for not listening when it’s pointed out that their get-rich-quick scheme is an illegal ponzi.
I have never been in an MLM or anything..Ponzi..etc.. If true that any company is a Ponzi, how does it survive for even months..let alone years? I don’t understand that.
It survives as long as there is enough new money coming in to cover the money being paid out. Once there’s not, it implodes.
Consider this: the longer Zeek stalls on providing new information, the less likely you can request CC dispute.
Stall for 30 days and some people who paid for mandatory 29.95 video/compliance system or who brought bids wont be able to dispute.
We are talking a few milliom bucks.
Let’s see below the current outcomes..
Zeek fires it’s workers, US Feds at Zeek at NC, Zeek websites are out, no one from Zeek returns phone calls, no Zeek Officer makes a statement to the media, no statements from Zeek’s powerful Attys.. it doesn’t look good so far for Zeek and its investors.
C’mon people… if you look at the photo on the Dispatch site very closely, you can plainly see that the agent is writing a check to be deposited with Zeek to purchase bids!
lol
Troy is doing a call about the whole deal on Aces Radio today.
http://www.blogtalkradio.com/jimgillhouse/2012/08/17/troy-speaks-out-on-family-plus-breaking-news-about-zeek
@Ronnie I can digest my post on this blog. If zeek rewards becomes a great sustaiable company that makes penny auctions,shopping portals a huge success and makes hundred of affiliate wealthy i will admit i was wrong can handle that.
Watching people get screwed for the benefit of others and not taking a side would make me loss self respect.
I know THAT, I meant legally, how is it not investigated very quickly and shut down? How does it pass all the AG Compliance stuff?
I believe SEC can only do civil, it’s the DOJ that does criminal. I’m not sure about the SS.
I wish they’d let Oz or KChang be on the call along with Troy. These calls need more balance.
The same way a drug runner passes a police car on the road. If the police doesn’t pull you over and check you out you stay under the radar, and continue on until someone does take a closer look at you.
Well, the vultures have arrived. Zeek is not cold, dead and buried and already we have a MLM making this offer to Zeeksters:
Vitel Wireless is grandfathering all Zeek rewards members into the equivlent level in Vitel and their downlines for free, which was posted by Nate one of their rep’s.
MLM such a great business model. GAG.
The FBI & SS get involved when it’s international and cross State lines. Zeek is both..
Zeek turned into a business for me. I was working several hours a week placeing ads, giving away bids and helping my downline.
Zeekler was going to be the #1 penny auction site. I hope they get it running again a lot of familys in my area are dependng on zeek for extra income.
@ Lynndel “Lynn” Edgington…Such a turn off. Would make me want to work last with people like that.
if it make you guys feel any better…i know a guy who lost $100K.
Yes,$100K not $10K.
Let’s move on. Zeek is history
Um, I could have sworn I read somewhere that their penny auction servers were located in Florida? Why would it go down if they had a problem in their NC office? And why would they delete their Facebook account?
I call total BS on this.
Notice I said “bids,” not “auction items.” It was a joke.
Just went to adsmartz.com site to stop my credit card from being used again. Below is what comes up with you go to the site.
“ZeekRewards is gone. Thanks for all the money people!”
Guess I will get on the phone to my CC company and try to get some of the $9.95 charges back.
It’s not over until it’s over but I think for Zeek it’s over and now in the history books…
Well, I sure have enjoyed my popcorn and “haterade” while watching all of this unfold. I just feel sorry for all those that lost money who couldn’t afford it.
It’s just another example of desperate times calling for desperate measures. I just truly hate it for all those negatively affected.
You can bet it’s because of the Ponzi and not because someone missed a payment.
I can’t wait for Troy’s positive spin on this and how SEC and Secret Service investigations are “normal business practice.”
I GUESS ALL THE PEOPLE WHO ARE AGAINST ZEEK ARE VERY HAPPY RIGHT NOW. WELL GOOD FOR U GUYS…U DID A GREAT JOB. I JUST HOPE THAT ALL THE PEOPLE IN THIS FORUM WILL HAVE A HEART.
INSTEAD OF SAYING ” YEAH WE’RE RIGHT!! OR EAT YOUR WORDS TROY, I GUESS YOU OWE US AN APOLOGY” WHY DON’T YOU JUST SAY “WE’RE SORRY FOR WHAT HAPPENED TO ALL OF YOU GUYS”.
WE’RE ALREADY HURT FROM WHAT IS HAPPENING RIGHT NOW, DON’T ADD ANYTHING MORE THAT WILL CAUSE MORE PAIN. THERE ARE THOUSANDS OF PEOPLE WHO ARE SUFFERING RIGHT NOW, SO PLEASE HAVE A HEART. WE PRAY TO GOD THAT EVERYTHING WILL BE OVER.
PLEASE HELP US DON’T SCOLD US. THANK YOU VERY MUCH
Zeek showed many signs of cashflow problems in the last 3 or 4 weeks, contineously trying new methods to get money in, e.g. “blue light Tuesday” with double VIP points and double bids. Affiliates with significant downlines experienced payment problems in the last 3 weeks.
So I’ll guess they have ran out of money, not enough money coming in from newly recruited affiliates to support payouts to the old ones. Combine it with all the other problems, and you can clearly find some motives for closing the business.
@Shirley Crawford
You know perfectly well Zeek had too few real customers. I have identified TWO real customers in 8 months. A few more potential real customers have showed up just recently, but I haven’t been able to verify them.
Your downline will probably prefer factual and correct information rather than false hopes. Maybe not yet, but sooner or later. It means you should be prepared to bring factual information to your downline, BEFORE they start looking for factual information on their own.
Zeek failed when it came to information. That’s why Troy Dooly had to answer alot of questions related to payment issues.
Zeek’s strategy was to try to “outweight” any negative information with positive, like the NMBJ review about Zeek. It didn’t work very long, and it didn’t reduce the critique.
You should probably have a better strategy than Zeek had?
The Secret Service was also the lead agency in the Ad Surf Daily investigation. To say this is bad news for Paul Burks and ZR is a profound understatement. I’d be will to bet Paul’s passport will be in an agents pocket by the end of the day.
@Troy
Troy, now that the Secret Service and the Securities and Exchange Commission are involved in the investigation of not only the Zeek companies, but Paul Burks also, are you willing to admit you may have been hoodwinked by some excellent con artists?
Many Zeek affiliates look to you for guidance and comfort. It may be time to rethink the positive spin you’re trying to put on this whole situation.
I think Troy has been sipping the Kool-Aid also. I do not find him credible at all.
@Dan
As a former stockbroker, I assure you the SEC has the power to bring more than civil charges.
Government agencies aren’t known for their swiftness.
Look at how long SpongeTech got away with their penny stock scam. They were posting ads in every Major League Baseball park on the outfield walls, hiding in plain sight.
Meanwhile, thje critics pointed to the gaping holes in their SEC Filings, the “believers” would just reply “but they have a real product and are adverising in all these stadiums so the must be legit”.
The “believers” took a bath on that one, too, lost all their money. The people in on the scam made millions (until they got caught).
Those who want to know what US SS and SEC can do to Zeek you can visit their site so that we will not be speculating about what they are mandated to do in relation to Zeek.
http://www.secretservice.gov/
http://www.sec.gov/
Why are all these comments labeled Aug 18th ? Today is the 17th.
Why doesn’t everyone just STOP with the bull, wait and see what the truth is.
Too much he said she said, if u weren’t there then how do you know, just STOP, your all going to drive yourselves crazy and other too, and YES I have over 100k riding on this so Yes I’m worried but it’s NOT going to help to make matters worse and make crap up!
If u don’t have first hand knowledge the just SHUT UP already, your stressing about stuff you do not know yet and you cannot do a damn thing about
Am I pissed like we all should be for ZEEKS tremendous FLOP of CRAP Communication to it’s affiliates, hELL YES I am. But I’m not going to put my 2 cents in about what “I THINK IS HAPPENING”
Wait for real info…..you can’t do anything about it right now so WAIT!
Jesus… go have a nap and 5 minutes later the Secret Service announce they’re investigating ZR.
Article updated with new information, I’m going through a massive backlog of comments now. And my email server has apparently melted too so I’m not receiving any email at the moment via the contact form (nor for the last 25 hours since this story broke).
@Troy, we appreciate you championing the underdog. We can’t handle anymore spin. I want to listen to your call today, but I don’t want to hear the words “folks, all of this is great news!”
Troy, this is not great news for Zeek. You have to admit you made a mistake. You called the ball wrong on this one. For the rest of us pro skeptics, this was clearly a ponzi. An mlm expert should have seen it from a mile away, especially when all your peers did.
I also don’t think it’s fair for you to give Zeek distributors false hope. If you’re going to rip the bandage off, do it quickly.
If the AG issued the CID on July 6, this means Zeek knew for 5 weeks without informing affiliates. We knew nothing about the CID until Al informed Oz about the FaceBook post.
How could Troy and Laggos not know about the CID before their “predictions.” How about Dawn or Douglas not mentioning this in the pow wows. Where is HippieDiva know, and Douglas who took a leave for personal problems during this time?
Oz…You’re in the wrong time zone!
lol @ Oz
By the way, I thought TROY. dOOLEY. Was supposed to give us an update no matter what, or is he going to just do what zeek does, Dissapear without letting us know what the he’ll is going on?
Where is your latest DOOLY. .???
I got in Zeek rewards early and managed to make a nice sum, enough to retire early.
Special thanks to all who contributed, especially to those in the Fort Wayne area, your thousands put me over the top. So long suckers.
Kevin Thompson has a new post…
http://themlmattorney.com/zeek-rewards-takes-a-dive/
Was Troy just a tool and not informed of the CID, or did he know and have inside to his “prediction” that they would be issued a CID. Paul and Dawn never mentioned the CID to Troy??
@troy, i admire what you do for mlmers but when you make a mistake is best for all that you don’t dig a bigger hole for all to fall into.
a man said to me once after i had made a mistake that ‘ a mistake is no bad job but a bad job is a hell of a mistake’ it will be a bad job if you don’t admit that zr was a mistake .
Kevin Thompson post is very well written
I’ve had 2 hours sleep in the last 24 hours and thought I could sneak an hour or two for a nap… then this shit blows up completely.
Such is the life of an MLM blogger covering the fall live of the largest Ponzi scheme the US has seen in recent years.
Kevin Thompson should have added to his “I’m angry” list:
I’m angry that all the warning signs were there and other analysts, whom Zeeksters called “skeptics,” were shouting from the roof tops and providing cogent analysis of the business model, yet they were summarily dismissed with the Zeek propaganda machine, dismissed by “MLM leaders,” dismissed by other public figures like Troy Dooly.
Wait, this is the same Kevin Thompson who’s representing Bidify. Y’know, that other penny auction MLM company who also pay out a daily ROI based on new affiliate money and allows members to re-invest their earnings to grow their effective 120 day ROI – the near same as Zeek!
He’s knee-deep in it too so what’s he talking about?!
Is he no longer representing Bidify??? Doesn’t look like it:
Sorry but capping initial investment amounts to 5,000 Euros doesn’t change the investment-based business model and is just not good enough Kevin!
You don’t get to rant about how angry you are that Zeek dragged MLMs reputation through the mud and simultaenously represent a company offering a near identical premise and affiliate funded daily ROI business model.
What a crock!
I can’t wait to see what is reported here about Bidify. I have been approached numerous times about Bidify and it was also the same approach- an investment opportunity with ROI greater even than Zeek’s!
I saw side by side spreadsheets for Zeek and Bidify, showing how much more money you could make with Bidify.
As far as I am concerned, whatever Kevin Thompson is doing to clean up Bidify to make it ‘legal’ is like putting lipstick on a pig!
I think I can speak for everyone (except the Zeek Kool-aid drinkers) when I say we appreciate what you’re doing, Oz.
Well Oz, once we’ve sunk this battleship we’ll need a new target. Bidify might be it. I’m having fun being a part time ponzi crime busting super hero.
Once the top Zeeksters are in handcuffs, I’ll probably disappear from this board. My main interest has been Zeek only because so many people around here got involved in it and tried to get me involved and excited about it.
Now that the gravy train has run off the rails, I’m just sitting back and watching the fallout.
But I might be back when the “next big thing” comes through town.
Can someone repost the link to the Troy Dooly radio thing later? It’s in the comments but I can’t find it.
According to the Lexington NC Dispatch now the US Secret Service and the SEC are investigating Zeek…getting hot here in the ponzi I mean BBQ capital of the world
Karen, people have been warning you for months that this was a scam. None of the brainwashed affiliates (like you) wanted to listen and chastised all of the naysayers to no end. It’s about time you say you’re sorry!
With that said, best of luck trying to get your finances in order, restoring friendships with the people you screwed, and finding a real job in this very tough economy.
(That may sound sarcastic, but I’m serious, I hope it works out for all involved except the willing participants who knew this was a scam)
Ron that was reported hours ago
This phone call in about one hour will be awesome! I can’t wait to hear the response from everyone involved.
Attorney general not involved at all. I have information close to the inside and this is not what you all are saying it to be.
For all Zeekler affiliates, just be patient and wait and see what happens. The call center is back on and its all going to be straightened out.
Brad, what’s the dial in number?
Why thank you for such a wonderful compliment.
Brad, what is the call in number for today’s call?
Uh huh. Just as soon as they move into their new 10-story building. Investigation by federal authorities is just standard business practice and is good for Zeek.
Just wait and see, and in the meantime just dream about your points balances going up and up.
Well, if it’s no big deal, please enlighten everyone.
I was put on 120 days probation of being kicked out of Zeek Rewards because of cross recruiting, it was said that I was not in compliance.
What cross recruiting as to do with being in compliance with ZR, I’ll never know…It was a news page! Which if you pull up the links at the very bottom of the ZR news pages, it goes to a 404 error page.
There was nothing stating what the do’s & don’ts are, but I received a warning anyway. Now look! Who’s in compliance now!!!
I hope all this with ZR is just one step in the direction for ZR being the real deal, but I guess time will tell and until he tell is true one way or the other…
I will remain positive that ZR will be back with flying colors.
Chris , what are your thoughts to if and when we will be back to posting or should we not be that optomistic ??
Karen, pray to God that only thousands or hundreds of thousands lost, not millions and millions. Had it been able to run a few more months, a staggering number of people would have lost their hard earned money. Thank Oz, KCchang and everyone of the Zeek critics who has seen it all along and have warned people every single day. May be you would have probably poured another $10K into it and been in greater pain that what you are already in.
@Shirley Crawford
You called skeptics here babbling idiots, among other things, including to me directly, on Troy’s site. Yet here you are commenting with Troy’s site down because you have nowhere else to go. Ironically, you are keeping up with input from idiots
Is zeekbates still on for Aug. 22 ?
Yeah good luck with that…
I’ve watched people from my hometown in Oregon drink the Zeek kool-aid for the last six months or so, and am so glad to see that this finally all came crashing down.
I’ve been trying to warn people that if it’s too good to be true, then it probably is, but the promises have reined them all in. I believe people were also attracted to the fact that it was their friends and family telling them how great this was.
So, for any of you that have gotten your friends and/or families to pour their life savings into this, then shame on you. Have fun trying to rebuild those friendships, if they are even still salvagable.
And to the people selling it that thought the nay-sayers were only upset because they weren’t on the right side of the deal, all I have to say is, “Haha, and I hope you lost thousands upon thousands.”
Lastly, for anyone that has came out on top in all of this, knowing that you’re probably screwing the people below you – there is a special place in hell for people like you.
Zeekler made the decision themselves to stop receiving money and to halt business until they have answered the questions the Attorney General’s office asked. They felt it better to get this matter resolved then move on. He said things have been going good so far and that he has a noon appointment today and he then he will issue a statement Friday Afternoon.
there was a statement from the AG that they had nothing, NOTHING, to do with Zeek halting operations.
The Attorney General’s office did not even go to our home office! They simply requested information and asked that Zeek not pull out any more money until they finish the investigation.
Kevin Grimes has flown in to assist with the inquiry as well as a lawyer who handled this exact same type of investigation for Amway in the past.
Whether or not you view hypocrisy with the relationshipship to Bidify, the Kevin Thompson blog is well written.
“Zeek exploited the gray. They took a bath in it. They skinned it and made a coat out of it. They hired the right people and adopted the right lexicon. And who is going to pay the price? The entire industry. This is bigger than just the participants. There’s an ocean of gray separating legitimate network marketing companies from pyramid schemes. Instead of shrinking the gray, we fight like hell to obfuscate. As an industry, we’re self-delusional. It’s true. We think it’s better to have vague standards. But now we’re seeing first hand what happens when the inmates take over the asylum.
Those are not investments, those are ‘samples’ given to ‘customers’ in an effort to entice them into buying more….it’s like Amway distributors giving samples of soap to customers.
It’s not the same thing! Amway distributors are not spending $50,000 on soap, giving it all away to strangers while dramatically increasing their earning potential. Amway distributors have a direct, real connection with customers. With Zeek, it’s just a combination of 1s and 0s on a computer screen. Who in the hell were these customers? Where were they coming from? Were they real? Were they ever asked to verify their accounts? Nobody knew and nobody seemed to care. People knew the angle. They read from the script, mastered the narrative and explained with eloquence why Zeek was “just like Amway, but with penny auctions.” Zeek affiliates were essentially rewarded IMMEDIATELY after they bought the bids, regardless if they were ever used. This is not consistent with traditional MLMs.”
NEWS UPDATE:
Just released by the dispatch news site:
“SEC shuts down Zeek, calls it pyramid and Ponzi scheme”
http://www.the-dispatch.com/article/20120817/NEWS/120819976/1005?p=1&tc=pg
“sorry for what happened to all you guys”
@ Karen …”INSTEAD OF SAYING ” YEAH WE’RE RIGHT!! OR EAT YOUR WORDS TROY, I GUESS YOU OWE US AN APOLOGY” WHY DON’T YOU JUST SAY “WE’RE SORRY FOR WHAT HAPPENED TO ALL OF YOU GUYS”. ”
And why are the Secret Service and SEC involved?
Are you serious? It’s going to be tough for Paul, Dawn, and Troy to run Zeekbates from a prison cell.
This was a baseless assumption made by Troy Dooley. According to other sources, there was no reason for Zeek to need to shut down all operations while the AG’s office was conducting their investigation.
Of course it doesn’t deflect the fact that the SEC and Secret Service are also investigating.
From a poster on Kevin Thompson’s recent article
“From my contact: Update – Zeek Rewards.
AUGUST 17, 2012.
Just spoke with Chuck and the Attorney General of NC did NOT close down Zeek. It was done voluntarily. There were also some employees that were dismissed. The website was not supposed to be shut down entirely but only portions of the back office. However, there were some new IT guys that shut down everything.
Hopefully the site will be back up soon and we will have more information on what is occurring.
When I know more, I will keep you posted by this.
Please refrain from spreading rumors and falsehoods. Unless you know for certain and hear it from the company, then there may be some incorrect messages passed.”
Who knows but hopefully this guy is right.
Seriously @curious you need to come and sit in my office and answer the phones for a few days when a major Ponzi gets busted or they run with the money. It would give you a whole new perspective on what we really do.
Just like now, I can guarantee you that my phone will begin ringing off the hook from people that called me every name in the book when I was warning them about Zeek being a Ponzi that now want my help. Happens every time one of these Ponzi’s bites the dust. I have heard it all, and it really breaks my heart to hear their stories.
I have a chapter in my book that is called “The Dark Side of Investment Scams. In this chapter I give an example of the types of phone calls I get and the real events that happens to people when they get caught up in a Ponzi and it implodes. I don’t get just one or two of each type of call, but hundreds. The only exception is the number of calls I get from a widow whose husband killed himself for losing their life savings. For that I am grateful, but I still get too many of them in a year.
Hells Bells, if I were to list all the names I have been called over the years, it would be almost as long as this blog.
It makes no difference to me what they said about me or called me. I will still help each and every one who calls if I can.
http://www.blogtalkradio.com/jimgillhouse/2012/08/17/troy-speaks-out-on-family-plus-breaking-news-about-zeek
347-843-4270
The call center is up and I actually got through. But Jermaine of the call center knew nothing. Just the site is down and we don’t know when it’ll be back up.
you guys are missing the big question….is everyone still getting paid 1.5% daily, even though the auction site is down? 🙂 hey troy, still want to make that bet?
For those hoping that Zeek shut their doors and pulled their websites voluntarily, why would Zeek leave all of you completely in the dark about that?
They could have posted at least that much info on the zeekrewardsnews site if it were true.
I don’t believe a word of it, except that the AG didn’t shut them down. Read the new article about the SEC shutting them down.
From the news article:
“Meanwhile, Burks has personally siphoned several million dollars of investors’ funds while operating Rex Venture and ZeekRewards, and he distributed at least $1 million to family members. Burks has agreed to relinquish his interest in the company and its assets plus pay a $4 million penalty.”
Wow!
I can definitely say I’m grateful to have found this site (and the links to others). I got Zeekwinked in March. Went all in. Found this site in early May. Read up for a while. Set my repurchase dial accordingly. Peeled out 10,500. It’s so warm back in my pocket.
Now I was really playing with house monopoly-money. Reset my dial thinking the ZeeBates roll out would maybe cover up the external funds issues I knew were deficient (ponzi). Mistake. Should have left the dial set on 0% repurchase. Left 35K VIP on the table. Dumb. Turn out the lights, the parties over.
Took a chance because my money was nearly just growing mold sitting in a CD and High Yield saving accounts. I’ll remember how safe it was sitting there growing mold.
Johnny, what news article? Please provide the link.
Thank you sir!
Finally got on Troy’s site. Here’s one comment he made:
http://www.the-dispatch.com/article/20120817/NEWS/120819976/1005?p=1&tc=pg
http://www.the-dispatch.com/article/20120817/NEWS/120819976
WOW! What f****** crooks they were.
This will all be settled soon, because as we all know buying bids was not an “investment.” As soon as the SEC investigators realize that getting into Zeek wasn’t considered an investment, Zeek will return to business as usual.
What is it we’ve been saying for months? Something about not enough retail customers?
Which explains the sudden shutdown of Zeek’s websites and locking the doors.
But he’s such a great guy. There’s no way he would scam people out of money. He just wanted to change lives through Zeek.
Here it is listed right on the SEC website:
http://www.sec.gov/news/press/2012/2012-160.htm
I can’t help but think of Oz, K Chang, and e with this video.
The amount of posts and remarks on this website is incredible and I do not feel sorry for one second that so many people ignored the obvious red flags.If you don’t have the patience for this video, go to mark 1:27.
Well looks like Burkes accepted his ppppponzi.
He still can’t admit that it was a giant ponzi scheme, can he? So much for his credibility.
What is the-dispatch.com and and who is the author of the “SEC shuts down Zeek” article? It’s breaking news and all but can it be trusted?
Troy’s latest video:
is it means the game is over?
http://www.the-dispatch.com/article/20120817/NEWS/120819976/1005?p=1&tc=pg
Troy…we want an apology. This isn’t the network marketing industry!!! This is the Ponzie industry! You’re calling us vultures.
Ah Troy says the dispatch is the local newspaper…
Frightened just read this..straight from the Goverment:
http://www.sec.gov/news/press/2012/2012-160.htm
Troy Dooly – “Do we all think that zeek probably won’t open its doors again? You bet…I mean we all are on the same page there”
Troy still refuses to admit that Zeek may have been a ponzi… incredible.
Does anyone here actually believe that Zeek voluntarily shut down? Anyone think they wouldn’t have shut down if the SEC hadn’t made them?
The Kool Aid drinkers are still out there hoping that Zeek will go back into business.
This is an MLM review site, so usually we won’t “hunt down the next target” as a primary function. 🙂
And if we had done that, I would probably have selected a different target than penny auction MLM. Those ones are “Boring, have already done that, try to find something new?”, and reminds me of routine work. 🙂
Troy, why not be more sorry for the people I know who just put $10,000 in, or their last $870 as one woman said, in the last few months who lost money.
The heartfelt stories of the lady with the laser surgery on her eyes…paid for by someone is screwed today. The pastor…paid by someone ripped off from zeek. The couple who couldn’t make their house payment…paid for by someone ripped off by zeek.
Ponzie’s aren’t network marketing and they give us network marketers a bad name. That’s why we’re mad and upset!
UPDATE: SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme
http://www.sec.gov/news/press/2012/2012-160.htm
Troy,
WE TOLD YOU SO.
For someone as brilliant as you, why did you dismiss us at every turn?
http://www.sec.gov/news/press/2012/2012-160.htm
Oz, I do not know about Vitel Wireless. It appears that Vitel is trying to lure the ZR victims into it by offering some extra incentive.
Is it possible for you to put a review of this company in a separate thread so people can make an informed decision and don’t just get sucked into another stupidity and fraud?
So does that mean anyone who took out money is going to have to account for it and possibly give it back to make sure everyone is made whole?
Curious…
http://www.patrickpretty.com/2012/08/17/urgent-bulletin-moving-sec-calls-zeek-600-million-online-pyramid-and-ponzi-scheme/
Troy, did you know about that CID on July 6?
I respect what he said but that is no excuse for f***ing people over like I think he knowingly did.
Timetable on when the SEC might redistribute to the affiliates who lost in this ponzi? I’m a college student who needs my rent!
Poor guys working the call center. I asked if Zeek was shut down by the SEC and the answer, “No we have not been shutdown. We are still here and running the center.”
I asked when the site would be back up. “We don’t know that information at this time.”
I told him I hope he gets paid for this work.
98% was money from affiliates.
The 2% was everything else. There is your proprietary information.
Troy will not admit he was wrong that Zeek is a ponzi, he is thickheaded and has lost all credibility for the future.
How could you trust what he has to say when he couldn’t not only see this coming on his own, but he ignored all the people who told him this is a ponzi.
Troy knows all the lemmings and zeekers will keep believing him cause they are high on the fantasy Kool-Aid. I think he is very foolish and not much of a critical thinker.
What the F*** is wrong with Troy? I can’t believe that video. He is still saying Zeek closed their own doors. On the SEC’s website, they clearly state they shut Zeek down.
I could be wrong, but it seems like in one of his earlier videos, he said he admits when he is wrong. Not this time. What else does he need for proof? Dang he’s hooked on Zeek. What did they do to him in Zeekland. Unbelievable!
@ Vicky
I’m pretty certain that video was made before everyone knew the SEC shut them down
I agree with everything you said about Troy, Darrell. If he wasn’t getting paid directly, I think he was getting some kind of compensation for his constant cheerleading and being Zeek’s personal spokesshill.
Now even though the feds shut down Zeek as a ponzi scheme, Troy still finds it impossible to admit that it was a big ponzi like we’ve been saying for months.
98% Troy. Did you really think the ZeeBates ( see horse Manure crisis of 1894 analogy) was going to beef up that.
$162 million in, $16o out. They got the CID on July 6 and they did not say anything. Either you were duped, Troy, or you knew when you made predictions. Either way there was dishonesty somewhere.
LOL .. Priceless!
From what I’ve seen in the past, the SEC will go after anyone that took out more than they put in for the amount over their initial investment. Any of that money recovered will go into a trust account (what doesn’t get eaten up by the attorneys) and proportioned out to the victims.
The truly sad thing is that many of the people who made a LOT of money were convinced that this was real… AND… convinced people they cared about to invest with them. Many of these people brought in later lost big time… This will not only cause financial strains but emotional and friendship as well. It’s truly a very sad situation.
I could never bring myself to invest… just a gut feeling.. But my condolences go out to all of you that lost money.
Just remember, it’s not networking that lost your money…
ZEEK REWARDS TOOK your money.
Where are you HippieDiva?
@DrK
I’ll add them to my review list but not sure when I’ll get around to a review.
Wow, this guys ir completely clueless.
This has got to be a joke. “Paul Barks”:
zeekrewardsiscomingback.blogspot.com/2012/08/first-message-from-paul-barks-after.html
Wasn’t Dooly the one who said within the last month that he had seen or had knowledge of their cash reserves and said Zeek was not at all having money problems?
About the question as to how long it will take to get your money back… bad news but there will be a lengthy (possibly more than two years) investigation, collection of evidence, collection of member profits (over investment), etc.
My suggestion would be to find a legitimate business home and go to work and never look back. Focusing on loss or the past cannot bring you peace OR prosperity.
It’s apparent Burks and Zeek were taking in more money from investors while trying to work a deal with the feds.
Well that much is true, it isn’t going anywhere, the SEC and SS have it safely locked away.
R.I.P to RPP diehard zeeekheads
Zeek still had money to pay for, primarily because most everyone was repurchasing the bids. But it was the ponzi/pyramid that did it.
As for Troy, he seems to be one of the biggest zeekheads and drank all its koolaid. I do believe he had some skin in the game and therefore, sang the glory to Lord Burks and misinformed potential victims all the way. If not, he should come clean right away.
225M is NOT that much money to return…of course depending on the actual number affiliates it could be a mere few hundred dollars. So for anyone who bought 5-10k of bids, its not looking good.
Lets hope the Zeek cheerleaders who kept urging people to add more people to their down line and collected 30k per month the last few months get audited and are forced to return some of their ill gotten gain.
Does anyone have legal or historical experience to know if this is the case…because it wouldn’t seem right if there is an audit trail (which I’m confident there would be some sort of trail) that they should be allowed to keep more then they invested
I guess it is nice we don’t have to “speculate” anymore as we know the facts now. Troy doesn’t yet have a grasp on them but maybe in time he will figure it out.
Maybe he should call the SEC and tell them that it is not a ponzi cause he knows what a swell guy Paul is and it just can’t be true.
Wonder where all the zeekheads went to congregate now and to console each other to keep the faith, keep believing and that it will all be okay.
Wow Is troy friggin serious?
I’m sitting here listening to his call when the ponzi that he pushed and sang praises for just collapsed to the tune of 600 million and he’s sitting here rampling about some bs about supporting his family, family values in network marketing when he should be apologizing profusely.
Troy is back-peddling so bad on this call…. Amazing!
I feel sorry for so many people who were misled by the Zeek Rewards mgmt, and Troy Dooly. AN investigation like this didnt happen overnight. They knew what was going on and yesterday, time ran out. Millions were left hanging to dry.
On the other hand, so many people stayed in a state of denial. LESSON LEARNED. Never let logic leave you when dealing in business.