04, · e ZeekReds program collapsed under e pressure of rapid grow from more an 57,000 distinct users after e first year to 1.25 million mon s later just before e SEC shut it down. Direct Pay Biz (DirectPayBiz.mobilbo.zr) could be associated wi Zeek Reds. (See is review) Facebook of Zeek Reds has 2260 likes but don’t be fooled. e Securities and Exchange Commission shut down Zeek Reds and parent company Rex Venture Group, determining at its principal, Paul R. Burks and associates, conducted. 29, · Sum y: Al ough Zeek Reds has been shut down, it’s wor learning how Paul Burks was able to victimize millions of investors wi $900 million scams, e highest recorded in e history of Ponzi Scheme. Is Zeek Reds Recommended? No, besides it’s gone. We simply review what happened and is hype, generally. To sustain a legit way of earning money, click e green 3.5/. 28, · On ust 17, e SEC (Security and Exchange Commission) announced at Zeek Reds was being shut down amid allegations of running a pyramid/Ponzi scheme at allegedly lured in over 1 million investors and became what e regulators have coined e $600 million dollar Ponzi scheme .. Burks, who was e founder of e company, drew approximately $11 million out of . 25, · In is article, I have recalled my first online business, Zeekreds, which I came across when I first became interested in making money online. is project offered easy earnings wi hardly any work and e promise of significant reds. It turned out to be a perfect scam – a Ponzi scheme. However, by e time it collapsed, e owner of Zeekreds, Paul Burks, comfortably earned over. 19, · 98 Zeek Reds profit sharing is funds received from new members, NOT from Retail Sales. Zeek Reds model cannot sustain e daily 1.5 average compounding returns. SEC's emergency action to shut down Zeek Reds assures at victims can minimize eir losses and avoid causing more victims domestically and globally. 18, · e Securities and Exchange Commission complaint goes on to say at payouts e firm made were derived from e funds of all e new investors. e crux of is payout scheme classifies Zeek Reds as a Ponzi scheme. Similar to most Ponzi schemes, e financial obligations to investors exceeded e company’s abilities to meet e demands of e investors. Feb 20, · Autoplay When autoplay is enabled, a suggested video will automatically play next. Up next Why Zeek Reds Got Shut Down. Understanding What Happened Wi Zeek Reds - . 20, · e Securities and Exchange Commission shut down Zeek.com, laring it was operating a Ponzi scheme. Zeek Reds and Zeek.com shut down for alleged Ponzi scheme Email. 11, · If you had invested in Zeek Reds before it closed down. You can claim a percentage of e refund rough e Zeek Reds receivership website. Con’s. Zeek Reds had scammed investors between $600,000,000 to $850,000,000 from U.S. and international citizens globally. Was an expensive endeavour during it’s short reign. 21, · A temporary receiver for Lexington-based Zeek Reds has been set up days after e Securities and Exchange Commission shut down e popular . 18, · Related Posts: $169 million aded in Zeek Reds net-winner judgments - 21st, . Zeek Receivership has clawed back 44.2 of net-winner payments - 16, . Zeek Reds scammers filed a Supreme Court writ - 17, . Zeek Reds net-winner clawbacks to be sold to debt collectors - 28, . $405,187 recovered from Zeek Reds net-winners in . When Zeek Reds was shut down, ere was a huge ripple effect in e online world! ere were people out ere who had invested eir entire savings and businesses around e Zeek Reds business model. So instead of e people leaving e business alone, ey ided to keep promoting it and stay involved, feeling like e ending of it all was too good to be true! e Zeek Reds currently ceases its operation after e SEC shut it down, however ere is a chance at ere are o er programs at are following e patterns of Zeek Reds to scam people out of eir money. Some manifest a slight version of its characteristics and income generating schemes. e U.S. Securities and Exchange Commission shut down Zeek Reds and Rex Venture on. 17, alleging at e company was operating one of e densest Ponzi and pyramid schemes in recent history. e SEC alleged at e company and its former chief executive officer, Paul Burks, a Lexington resident, raised more an $600 million from about. 17, · Zeek was soaking up a lot of leaders from a lot of different companies, causing a considerable disruption in e space. Companies, trying to hold onto eir people, found emselves in e cross hairs between zealous distributors looking for a quick buck and industry pundits, all defending e Zeek . SEC has called is opportunity a ponzi scam & shut it down. for more details. e Zeek Reds program is getting a lot of buzz among work at home seekers lately. So my team and I ided to do some digging around to find out what Zeek Reds is all about and how does it work. Chat.com is a free video chat website where you can watch up to 4 webcams at e same time in multiple chatrooms, invite people you like to a private chat, send instant messages, create and view profiles wi photos, send and receive offline messages, fan and rate people, get email notifications when someone you like comes online, send tokens, and more. Zeek Reds has been shut down by e Securities and Exchange Commission on charges at it is a massive Ponzi and pyramid scheme. I have received calls about Zeek Reds as a way to make money since e moment e company started up about . e SEC said it has shut down a $600 million online Ponzi and pyramid scheme at was on e verge of collapse and had raised money from more an one million Internet customers. 17, · Disclaimer: is article contains my opinions. I’m not stating wi certainty at Zeek is fraudulent. however, in my opinion, I believe at to be e case. I ink e investigation is timely and will serve a valuable function. It’s official. Zeek Reds has recently closed its . 17, · e website Zeekreds.com was shut down by e SEC because it was a Ponzi scheme on e verge of collapse, e federal agency said today. Zeek Reds CEO Pleads Not Guilty To Scam. By Tina Williams. Burks company and its Zeekler.com auction site was shut down by e U.S. Securities and Exchange Commission in ust , after e agency concluded it had sold $850 million in unregistered securities. 22, · ZEEK REDS Zeekle Zeek Reds took my $3,500.00 check and closed down my account, I can't get any answers. Lexington, Nor Carolina *Au or of original report: For ose who made money in Zeek Reds.. Here comes e clawback lawsuits! *Consumer Comment: Also afraid *Au or of original report: Zeek shut down by secret service! 07, · At e time e ZeekReds program was shut down, Affiliates paid $1 for Sample/VIP bids and $0.60 for Retail bids. Bo types of bids could be used on e Zeekler auction site, but only Sample/VIP bids could earn VIP points tod future Retail Profit Pool ads. At various times, Sample/VIP bids were also called ‘compounder bids.' Top. BehindMLM, Troy Dooly, Patrick Pretty and Jo h Isaacs didn’t get Zeek Reds shut down. Paul Burks did when he launched e company wi a Ponzi scheme business model. Whatever Craddock rows up on his Internet Clowns website cannot change at simple fact, and I offer my anks in advance for your continued support. 09, · SEC Shuts Down Zeek Reds. Zeek Reds Information. Terms and Conditions. ursday, 9, . UPDATE! ZeekReds Receivership Claims Beginning in SIX DAYS! Woohoo! e day is in sight! e Zeekreds Receiver is beginning e claims process on or before 15, ! e claims must all be submitted by 5, in order. Shut down wi out ning, voucher lost. I listed a voucher for sale on Zeek shortly before eir website disappeared. Now I can no longer access my account, I have effectively lost a50 gift card. I used Zeek to sell gift cards many times in e past but now I assume I will never be able to get at50 back. Inexplicably poor service. 23, · Like many o er scams, Zeek Reds promises people a lot of money overnight. Many folks invested eir hard earned money in at program, in e hope of a bright future, yet no ing changed. Actually, Zeek Reds’s website has since been shut down and it is not surprising because ey had some legal issues. Zeek reds was shut down last week by e SEC. Reply. zeek reds calculator. ust , at :41 am ere are some awesome information in is article for everyone I'm also very inspired to is blog. anks for sharing informative post, Reply. Rating. Steven. 18, · ey also stated at ey have not shut down Zeek Reds at e moment. What at means is Zeek Reds has voluntarily closed eir doors for e time being. More information and news should be available soon. In e meantime one can stay up-to-date by visiting e site below. 19, · Chicago, IL (PRWEB) ust 19, Zeek Reds, Zeekler.com and Rex Venture Group has been shut down by e SEC according to eir recent press release.. According to e SEC, e closing of Lexington, NC based Rex Venture Group and Zeek Reds has left more an one million internet customers nationwide and overseas wi out a home business and online penny . Zeek Reds. On ust 17, e U.S. Securities and Exchange Commission (SEC) filed a complaint against defendants Paul Burks and Zeek Reds, based in Nor Carolina. Paul Burks ran Zeek Reds, an investment opportunity at promised investors returns by sharing in e profits of Zeekler, a penny auction website. Money invested. 31, · e U.S. Securities and Exchange Commission shut down Zeek Reds in ust and seized its assets, terming it a $600 million Ponzi scheme . Scam Chat reads / Posts Last Post. is is e best whistleblower message board to expose scams, rip offs, & scammers. Dont get scammed, stick wi scam.com and register for a FREE account to post on our message board. True free speech and power to e people! Political Scams. , · Zeekler and Zeek Reds was shut down for being a ponzi scheme. I found is information online for jilted investors. On ust 17, e Securities and Exchange Commission (SEC) filed a Complaint in United States District Court, Western District of Nor Carolina, Charlotte Division, against Rex Venture Group, LLC (Rex Venture) d/b/a ZeekReds.com (ZeekReds), . 18, · If you were a part of Zeek reds, I apologize if you are offended by is post. It truly is NEVER a good ing when a company gets shut down NOR is it to be celebrated. It sucks at some people got friends into is sort of ing and now have to wear at. 17, · So sad for everyone involved. I feel bad for ose at have trusted in Zeek. It must be a sad day in Zeek-land. My condolences. SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme FOR IMMEDIATE RELEASE -160. Kevin ompson – e MLM attorney speaks out about e Zeek Reds situation. e Law Office of Kevin ompson specializes in providing legal services specializes in providing legal services for startup direct sales organizations. Named as one of e top 25 most influential people in direct sales, Kevin ompson has extensive experience and helps entrepreneurs launch eir businesses on. 14, · Last mon e SEC shut down ZeekReds.com calling it a $600 million Ponzi scheme on e verge of collapse. According to e SEC, e website . 09, · ose claims are related to e Zeek Reds operation shut down by e SEC in ust of . e government claimed e program, run out of Lexington by Rex Venture Group and its principal, Paul. In e middle of ust , e Securities & Exchange Commission shut down e very popular and controversial Zeek Reds program, labeling it a $600 million dollar ponzi scheme. Upon it's shut down, chaos ensued. Over one million members of Zeek Reds were . Apr 14, · During a discussion, your child hangs her head, tears up, and totally shuts down. e talk comes to a screeching halt. Here's help. e Profound Reds of Staying Single. advertisement. 13, · Zeek Reds, which was based in Lexington, was shut down last year by e SEC, which alleged operator Rex Venture Group of raising $600 .