http://www.forbes.com/sites/halahtouryalai/2012/08/17/sec-shuts-down-600-million-internet-ponzi-scheme/
The website ZeekRewards.com was shut down by the SEC because it was a Ponzi scheme on the verge of collapse, the federal regulator said today.
The SEC says online marketer Paul Burks and his company raised more than $600 million from more than one million online customers through the website ZeekRewards.com since January 2011.
Investors were up to 50% of the company’s daily net profits through a profit sharing system in which they accumulate rewards points that they can use for cash payouts, according to the agency.
No comments:
Post a Comment
If you have a comment regarding the post above, please feel free to leave it here.