According to the Wall Street Journal's filings with the Securities and Exchange Commission has closed Zeek prizes, $ 600 million Ponzi scheme and calling it a pyramid scheme.
Zeek CEO and President Paul Burks has apparently agreed to pay a $ 4 million fine and give up his interest in the company.
As the Court of Justice to appoint a receiver to take control of the remaining assets and distribute them back to investors.
The company owns $ 225 million of investors funds apparently 15 foreign banks.
These assets will be frozen.
I have written at least ten times as Zeek companies here is MLMBlog, since we started in 2003, and although there are many associates to try to paint this site as "negative", the truth of the matter is can stick a fork of Zeek Awards, they are made by people.
See our previous article about Zeek Awards shut down.
Ty is an Internet marketer, Blogger and social marketing entrepreneur
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