Posted: 17 Aug 2012 09:44 PM PDT
www.zeekrewards.com Tutup atau malah www.zeekrewards.com SCAM? - Baru aja join seminggu kemarin di ZR, namun sejak kemarin ane ga bisa akses ZR. Apa yang terjadi? apakah www.zeekrewards.com Tutup atau malah www.zeekrewards.com SCAM? padahal ZR udah 14 tahun berdiri hmm...untung ane belum sempat investasi dan membuat web support buat zeekrewards. Sudahlah teman-teman yang join zeekrewards tidak usah galau, semoga ada hikmah di balik tutupnya zeekrewards.
Berikut investigasi zeekrewards:
SEC Shuts Down Zeek Rewards...and Zeek Agrees
Friday Aug 17, 2012
"Burks has agreed to settle the SEC's charges against him without admitting or denying the allegations, and agreed to cooperate with a court-appointed receiver."
Late Friday afternoon, the word awaited by hundreds of thousands of Zeek Rewards customers and Affiliates came: the SEC released both its complaint and a press release announcing: "SEC Shuts down $600 Million Online Pyramid and Ponzi Scheme."
The only comment from Zeek Rewards about the action is a paragraph redacted from—and buried deep—in the release: "Burks has agreed to settle the SEC's charges against him without admitting or denying the allegations, and agreed to cooperate with a court-appointed receiver."
You can read the complaint at:
The SEC press release in its entirety is as follows.
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.
According to the SEC's complaint filed in federal court in Charlotte, N.C., customers were offered several ways to earn money through the ZeekRewards program, two of which involved purchasing securities in the form of investment contracts. These securities offerings were not registered with the SEC as required under the federal securities laws.
The SEC alleges that investors were collectively promised up to 50 percent 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. However, the website fraudulently conveyed the false impression that the company was extremely profitable when, in fact, the payouts to investors bore no relation to the company's net profits. Most of ZeekRewards' total revenues and the "net profits" paid to investors have been comprised of funds received from new investors in classic Ponzi scheme fashion.
"The obligations to investors drastically exceed the company's cash on hand, which is why we need to step in quickly, salvage whatever funds remain and ensure an orderly and fair payout to investors," said Stephen Cohen, an Associate Director in the SEC's Division of Enforcement. "ZeekRewards misused the power of the Internet and lured investors by making them believe they were getting an opportunity to cash in on the next big thing. In reality, their cash was just going to the earlier investor."
The SEC's complaint alleges that the scheme is teetering on collapse with investor funds at risk of dissipation without its emergency enforcement action. Last month, ZeekRewards brought in approximately $162 million while total investor cash payouts were approximately $160 million. If customers continue to increasingly elect to receive cash payouts rather than reinvesting their money to reach higher levels of rewards points, ZeekRewards' cash outflows would eventually exceed its total revenue.
Burks has agreed to settle the SEC's charges against him without admitting or denying the allegations, and agreed to cooperate with a court-appointed receiver.
According to the SEC's complaint, ZeekRewards has paid out nearly $375 million to investors to date and holds approximately $225 million in investor funds in 15 foreign and domestic financial institutions. Those funds will be frozen under the emergency asset freeze granted by the court at the SEC's request. Meanwhile, Burks has personally siphoned several million dollars of investors' funds while operating Rex Venture and ZeekRewards, and he distributed at least $1 million to family members. Burks has agreed to relinquish his interest in the company and its assets plus pay a $4 million penalty. Additionally, the court has appointed a receiver to collect, marshal, manage and distribute remaining assets for return to harmed investors.
The SEC's investigation was conducted by Brian M. Privor and Alfred C. Tierney in the SEC's Enforcement Division in Washington D.C. The SEC acknowledges the assistance of the Quebec Autorite des Marches Financiers and the Ontario Securities Commission.
|You are subscribed to email updates from Raseco.web.id | Blogging Tutorial | Adsense | SEO | Berita | Info Teknologi |
To stop receiving these emails, you may unsubscribe now.
|Email delivery powered by Google|
|Google Inc., 20 West Kinzie, Chicago IL USA 60610|