QUOTE(newvengpp @ Aug 17 2012, 07:38 PM)
SEC Shuts Down $600 Million Online Pyramid and Ponzi Scheme
FOR IMMEDIATE RELEASE
Washington, D.C., Aug. 17, 2012 – The Securities and Exchange Commission today announced fraud charges and an emergency asset freeze to halt a $600 million Ponzi scheme on the verge of collapse. The emergency action assures that victims can recoup more of their money and potentially avoid devastating losses.
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.
My sincerest condolences to all Zeek Rewards members that have been financially affected by these latest developments.
If you've spent any time (as I have) in IM world or especially the passive income / revenue share / hyip industry, you have probably lost money.
All we can do is pick ourselves up, dust ourselves off, move forward and hope for the best.
Most importantly... don't forget to do something today to give yourself a better tomorrow...