The past few days lots of people have been buzzing about Zeek Rewards being shut down by the SEC, accused of being a multi-million dollar Ponzi scheme. This was something a lot of people in the work at home community were involved in, and in the past I got a lot of emails from people asking me about it, was it legit, etc. This was something based around penny auctions. To be honest, I never 100 percent understood how it worked because the setup (as is typical with lots of MLM/investment type things) was extremely confusing to me, and that definitely made me uncomfortable with it.
When asked about Zeek Rewards, I would typically direct people over to Eddy’s review of it at Work at Home No Scams. Eddy did all the research there and provided his honest opinion, which is something it was almost impossible to find elsewhere because other reviews of Zeek Rewards were mostly written by people already involved who were looking to recruit others. This of course made it hard for me to trust what was said. Anyway, Eddy had his concerns about Zeek Rewards and it turns out his instincts were correct! He also wrote an updated article following the Zeek Rewards news just this morning.
Take This As a Warning
I do realize there are some MLM opportunities out there that are relatively safe and straightforward (a great example are direct sales opportunities like Pampered Chef, Thirty-One, etc. where there is a real product that you’re selling and your start-up costs aren’t wasted because you get a kit full of products after paying), but many are not. Most have a confusing set up and you stand to lose whatever money you invested because the opportunity is far from being as stable as it appears (Zeek Rewards being a great example here).
So you jump on board because you believe you’ll make thousands of dollars in a few weeks or a month, you have to harass others to be in your downline, and of course you typically have to invest some of your money to get started. Maybe to some it’s worth it, but to me it wouldn’t be. There are SO many other risk-free ways to earn money at home. Why take these kinds of chances? And when this amazing opportunity goes right down the tubes and people lose money they invested, you’re going to feel bad that you brought others on board, perhaps your family and friends, and as a result of taking your word they lose money too
I’m not going to call out any other programs on this post, but I am aware of some that get promoted a lot on various forums I frequent. I would not be at all surprised to see these go up in flames as well. All I want you to take away from this happening is just be careful. Do your research. When it involves you spending your hard-earned money to get started, don’t sign up until you’ve really done some digging on the opportunity — don’t just make a decision based off what someone already involved is telling you. Chances are they may not have even done the necessary research before getting involved themselves. Even if you feel confident something you’re involved in is legit, there’s a good chance it may at some point get shut down anyway because the government investigates these kinds of programs all the time. Very risky.
For More Information
This news article provides information on the Zeek Rewards shut down. If you are a concerned Zeek Rewards affiliate or a customer of the penny auction site, Zeekler.com, you can call this hotline set up by the Attorney General: (919) 716-6046.