ZeekRewards is the network marketing arm of penny auction site “Zeekler.com”.
ZeekRewards members purchase “bid packs” and sell bid packs to new members to earn commissions. Bid Packs contain bids that can be used on Zeekler.com online auctions, and which have an approximate value of 65 cents.
The Zeekler site has several different auction formats, including Penny Auctions, Reveal Price Auctions, Falling Price Auctions, Premier Auctions and VIP Auctions.
ZeekRewards offers four different enrollment options, each offering a different bonus pool and bonus points. There is Free Affiliate, Silver Affiliate ( $10.00 per month ), Gold Affiliate ( $50.00 per month ), and Diamond Affiliate ($99 per month ).
To participate in the company bonus pool members must post free classifieds about Zeek rewards online.
Zeekler was launched when the company purchased iTicketBid. Zeekler assumed responsibility for fulfillment on iTicketBids outstanding auction liabilities. Zeekler is a new division of Lighthouse America and Rex Venture Group, LLC, a division of Lighthouse. CEO Paul Burks was also CEO of FreeStoreClub, and the company website claims that FreeStoreClub still exists as an online retail store and eCommerce solution available through Zeek.
ZeekRewards Compensation Plan
The ZeekRewards compensation plan pays commissions on purchases through their Zeek Rewards online retail store. Affiliate commissions are paid at 20% on any Diamond, Gold or Silver membership referred. To qualify for this commission you must hold a Silver, Gold or Diamond rank and post an ad for Zeeker.com that day and also sold a bid pack or given away VIP bids on the day in the commission is earned.
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ZeekRewards Founder Arraigned in Federal Court
November 13, 2014 - Charlotte, NC -- The founder and former president of ZeekRewards, Paul Burks, was arraigned Thursday on federal charges of wire and mail fraud, conspiracy and tax fraud.
Burks entered a plea of not guilty during the hearing. If convicted, he could face a 65-year sentence and a $1 million fine. He was release on a $25,000 bond.
ZeekRewards was shut down in 2012 ...
ZeekRewards President Indicted On Federal Charges
ZeekRewards President Indicted On Federal Charges For Operating $850 Million Internet Ponzi Scheme
FOR IMMEDIATE RELEASE
October 24, 2014
United States Attorney Anne M. Tompkins Western District of North Carolina CHARLOTTE, N.C. - The president of ZeekRewards, Paul Burks, has been indicted on federal charges for operating an Internet Ponzi ...
ZeekRewards Receivership Page Now Up
The Receiver for ZeekRewards has created a website to communicate with affiliates and the public. Included on the site is the SEC complaint against Rex Venture Group, LLC d/b/a ZeekRewards.com and Paul R. Burks, alleging that the company and Burks fraudulently sold unregistered securities as part of a Ponzi scheme. Also included are answers to frequently asked questions and updates from the Rec...
ZeekRewards Receiver Wants Affiliate Profits Returned
Kenneth Bell, the court-appointed receiver for ZeekRewards and Rex Venture Group, said that he intends to recover assets from affiliates who "took more out of Rex Ventures than they put in." In a letter to ZeekRewards affiliates dated September 13, Bell wrote that "Many of you received little or nothing from this enterprise. In order to make everyone as whole as possible, those who profited fro...
Receiver Recovers 300 Million in ZeekRewards Assets
The court-appointed receiver for Rex Venture Group and ZeekRewards has recovered nearly $300 million in assets so far and says that there may be tens of millions of dollars more to secure.Kenneth Bell of the Charlotte law firm McGuireWoods LLP was appointed to recover assets after the SEC shut down ZeekRewards, calling it a Ponzi scheme that was close to collapse. Once all assets have been reco...
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