Is Zeek Rewards A Scam? [Founder Stands Trial, Payment Claims Until 2020?!]

Not just an ordinary Ponzi scheme, but the worst one in the history of criminal records in the United States. The criminal act by itself reached $900 million in lawsuit. 

The process of returning the funds was in a staggered process, specifically in $1 million to $160 million.

The US Security and Exchange Commission wrote, “The SEC alleges that online marketer Paul Burks of Lexington, N.C. and his company Rex Venture Group have raised money from more than one million internet customers nationwide and overseas through the website ZeekRewards.com, which they began in January 2011.”

​You can’t expect to have your investment increased as much as 3,678% in annual interest rates. That’s too much.

Yet, the impulsivity and impatience of people as well as their impatience to see the growth of their investments led to this scheme. Structure-wise, it does have the same feel as Saivan.

When you want to join Zeek Rewards, you have to understand that your membership fee worth $10 to as high as $99, aren’t enough to get the guarantees they promised.

You’re going to spend more $30 in a staggered way to get 40 new customers in 24 hours. At the back of your mind, you know this won’t work at all. 

David Dalrymple, president of the Better Business Bureau (BBB) at the time, revealed that he never experienced the hype of negative feedback from users reaching 30,000 inquiries in 30 days alone.

​"In 12 years as the President here, I cannot compare that to any level of inquiry for any other business. Ever," he told Maglich of Forbes.

“I guess... this percentage of recovery is based on the [number] of funds recovered and claims made. And [the] number of [losers] eligible to make a claim and (after all this time) those who made the claim is relatively small. And I guess again - they are not outside [the] US,” an anonymous commenter wrote on the forum. 

Unfortunately, this is what goes on until this date. There's a small chance for those, who kept losing on the gamble, to get the money they invested.

Zeek Rewards might have been shut down after Paul Burks’ arrest and stand to trial with $900 million scam case, yet there are still many victims hoping to get their money back. 

Because of that,  a new note from a man named Matthew E. Orso published on the current landing page in which he wrote the current standing of the company, particularly his stand as the successor receiver. 

“While we hope to be able to file the Final Distribution Plan and make a final distribution before this date [January 20, 2020], it will depend on the timing of the litigation that I have discussed... I encourage those with questions to continue using the Receivership's email box…,” he wrote.

Is Zeek Rewards a scam? This is what we found out based on the resources we gathered on the post. It’s not just an ordinary scheme, but a historical, phenomenal event in Ponzi scheme records.

Reaching the amount of $900 million in lawsuit, excluding the current payouts since Burks’ arrest, the case goes on with more victims revealing themselves and sharing their sentiments of the event mentioned. 

Instead of determining whether Zeek Rewards is a scam or not, let’s dissect why it qualifies as a Ponzi scheme.

The difference between a scam and Ponzi scheme is that the latter promises people to increase their investment by using the new investor’s money to pay it. The process goes on until the system halts and breaks. 

A scam, on the other hand, promises people this and that even if the product exists or not; however, the outcomes don’t coincide with what was promised or guaranteed from the beginning. Often, the product is non-existent.

Additionally, the victims are left at the end of the cliff asking themselves what went wrong without answers from the scammer. The customer’s impulsivity is taken advantage of bad causes. 

Given these descriptions, Zeek Rewards is a Ponzi scheme. There’s no need to question that.