Articles Tagged with affilate programs

SEC Shuts Down Penny Auction Site Zeekler As A $600 Million Ponzi Scheme

Zeekler.Com Shut Down By The SEC As A Ponzi Scheme

In a move that sent shock waves through the Multi Level Marketing Industry, the Security and Exchange Commission (SEC) shut down Zeekler.Com and its affiliate website, ZeekRewards, on Friday, August 17, 2012. The SEC claimed the company was a $600 million Ponzi scheme, built on a pyramid that paid older affiliates from the revenues of… Read more »