Is Zeek Rewards A Scam? Yes, A Ponzi Scheme EXPOSED!
Welcome to my Zeek Rewards Review!
Is Zeek Rewards a scam? Obviously, we all know about the Burks scandal in which became the worst Ponzi scheme in history. In fact, Forbes wrote that the payouts reached as much as $162 million.
Indeed, there’s nothing beyond honing your strengths and transform them into a high-income skill set. Once you do that through the training Roope suggests, you get the chance to earn money online using those skills.
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We’ll delve into that later. For now, let’s dive into the post. Shall we?
Zeek Rewards Review - Quick Summary
Name: Zeek Rewards
Founder: Paul Burks
Type: High-Yield Investment Program (HYIP)
Price: $10 to $99 + $10,000 initial deposit + upsells
Best for: Nobody.
Summary: Although Zeek Rewards has been shut down, it’s worth learning how Paul Burks was able to victimize millions of investors with $900 million scams, the highest recorded in the history of Ponzi Scheme.
Is Zeek Rewards Recommended? No, besides it’s gone. We simply review what happened and this hype, generally. To sustain a legit way of earning money, click the green button below to get started today.
What Is Zeek Rewards?
Based on the structure, Zeek Rewards is a high-yield investment program established by Paul Burks in 2011. It promises to guarantee a 1.5% increase in their investment per day. It's registered under Rex Venture Group.
Of course, new investors find this enticing so they don’t hesitate to invest $10,000 as an initial investment aside from $10 to $99 membership fee. With hopes of an increase in profits, every member wished to see the results, which they sought at the beginning.
With 3678% APY, it was a norm not knowing the exact details the on-goings of their investment.
How Does Zeek Rewards Work?
The system was easy. Zeek Rewards sought the opportunity to lure new investors to put their money on the platform as much as $10,000 as an initial payment. That’s excluding upsells later on to ensure a dramatic increase in investment.
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According to sources, Burks promised the investors to achieve as much as 1.5% increase per day equal to 3,678% AYP or what they call the Annual Percentage Yield. That’s a lot of money.
What I saw on the Facebook page, they have been giving away various products such as laptops, cash takeaways, among others. That is only achievable through draws.
The more money you put into the draw, you have higher likability to get the products and promises like new 40 customers within 24 hours. You see below the screenshot of what’s going on inside the business.
How to Make Money with Zeek Rewards?
If you’re familiar with Legal Shield, understanding the system of Ponzi scheme won’t be hard for you.
To make money with Zeek Rewards, you simply have to gamble lots of money to ensure the higher chances to get the products by drawing lots or by guaranteeing 1.5% increase of investment per day. This is how simple the system is.
Watch the video below to see how Zeek Rewards work, and how money-making Ponzi scheme became so dramatic and hyped to the point it’s labeled as the worst schemes in history.
Zeek Rewards [UGLY] Truths Unveiled!
1. A Ponzi Scheme [Worst Kind]
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.”
2. Too Good To Be True Guarantees
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.
3. Expensive Membership + Upsells
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.
4. Phenomenal Negative Reviews On BBB
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.
Zeek Rewards Review - What Others Say About This Scheme?
“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? Yes.
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.
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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.
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Recently, I posted about what makes people tick towards scams, and even though they are aware of them, they still invest and put their money on these programs. Why?
The answer is simple. People act towards impulsivity. Purchasing power is extremely lusty to their eyes. If you belong to this group, be careful with your economic decisions.
Most of us think that we could see drastic results in a long-term scale within 24 hours. It’s not like that. Even Roope discourage his followers to seek quick-rich schemes. Building profitable online platforms require 6 months to 1 year or even more before you see results.
To avoid ourselves from getting into trouble because of these schemes and shady programs like Zeek Rewards, it’s best to turn your attention to the #1 recommended online business opportunity.
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Now that I shared my thoughts in my “Is Zeek Rewards a scam?” post, it’s time to turn the table and ask about your experience, in general.
What kinds of experiences do you have with making money with Zeek Rewards? Is it worth your time, money, and effort?
Do you prefer to begin earning your first passive income through affiliate marketing or you instead invest your time, money, and effort to income-generating opportunities like this?
Let me know in the comments below! 🙂
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