Hello friends, a very Good Morning to all and welcome back again. Happy weekends to all friends and their family members.
For the first article for today, ZeekRewards, probably one of the most popular ‘Cash flow based’ program which purported it as a legal penny auction site, has finally reached it’s eventuality that any ponzie games will reach sooner or later, that is SCAM.
Although, personally I did not join ZeekRewards, I am aware many of my friends who joined ZeekRewards and being a hugely popular MLM styled cash flow based program, probably ZeekRewards had more than a million members world wide.
The SEC has closed down the zeekrewards.com site stating that online entrepreneur Paul Burks and the ZeekRewards CEO, accumulated more than 600 million dollars from more than a million ZeekRewards members.
The shut down of ZeekRewards which purported itself as a ‘Real Company’, once again proves all cash-flow based, ponzie-styled money making programs be it a HYIP,Triplers,MLM-styled ponzie are bound to have problem in paying the members, at some point of time. The simple reason for this is – there is no actual business in these ‘High yield – high risk money making programs’ rather in 99.9999% of these programs, the early investors are paid from the money deposited from the new investors.
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