Posi Scam in Lexington?

Your Hot Dog Guy!

Well-Known Member
Joined
Mar 15, 2008
Location
winston-salem,nc
Anybody get scammed on this?
 
I had a few buddies get hit hard, one for about $10,000.00
 
Hadn't heard about it. What's goin on?

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So somebody spent 10 grand for a posi! DAMN!!!

I guessing he meant Ponzi .....

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Zeek Rewards/Zeekler auctions

It was marketed to "investors" as a MLM opportunity (multi level marketing) where you put in so much $, then "buy" bids on the auction site and give them away or give them back to the company and they give them to bidders, etc. (or something like that).

Start off with at least $500 and buy a membership in $20/$50/$100 monthly levels. Those levels determine you payback and "rewards" etc.

Anyway, people were speculating that it was a ponzi scheme for a while but the SEC didn't have anything, yet, because it supposedly funded the auctions, etc.

I had a friend that wanted me to join. He was a member, and for every person he got to sign up, he got $$$. However, there was a min. of 90 day waiting period to withdraw $. I've read hundreds of stories online about people requesting their $ and never seeing it and their account closed and nothing, ever. The business address is a field in Lexington somewhere, no actual business.

I never joined but my buddy lost a couple thousand $$$. I was skeptical, so I held off.

Sorry for the people that lost $$$...
 
The address was a biz in Lexington, with about eight "employees". My dad bought in on three thousand dollars and actually withdrew thirty two hundred so he was lucky. So far it is estimated that over 1'000'000 people were scammed out of $600 million!
 
Several People my wife works with lost 10,000 she put in 500 so did not loose much but its still 500 guess it could have been worse. I told her I would not do it that it sounded too good to be true but people she works with were getting money so she did and boom now its gone.
 
Know one guy who lost $5k and one that lost $40k. People never learn, P.T. Barnum said there is a sucker born every minute, with the population increases we've had since then it's probably more like one a second :)
 
Im too much of a skeptic to ever fall into this kind of thing. I have a money mutual thing (I dont quite understand) and a 401k... That, plus saving money over time, feels alot safer than taking wild risks.
 
XJfreakHO said:
Im too much of a skeptic to ever fall into this kind of thing. I have a money mutual thing (I dont quite understand) and a 401k... That, plus saving money over time, feels alot safer than taking wild risks.
Click to expand...

yeah but you can't get rich quick by just doing it that way...
 
RatLabGuy said:
yeah but you can't get rich quick by just doing it that way...
Click to expand...

Yep, but I can't get broke over night either. Some day Im sure Ill feel more comfortable gambling with my money, but that time is probably a few years away when I have more disposable income.
 
I know of about 6-8 people in my area that I know lost atleast 40-50k combined. One of them begged me for a couple hours to sign up here a while back saying it was a wonderful thing and it was a company with many years experience and blah, blah, blah. I've heard it many times over and over same ole crap. I told her to stay at it and in one year if she would cash out and show me her paper work and the cash I'd invest a few thousand under her name. She said she could pull it out any time and I just laughed. She didn't understand at the time the concept of a ponzi scheme but I bet she does now.

This is one time I hate I was right. Just glad I'm not a sucker.
 
I never knew what is was, but I have seen a building with Zeekler.com on it for a while and thought WTF?!?! I went by there a few weeks ago, and I bet there were 100 people in line outside. After reading about this, i have to wonder what the heck they were doing, doesn't seem to be any reason to bring your $$ to a brick and mortar location if this was all online???
 
People had been trying to pull their $ from them for a while with 90+ days of waiting for their $ and cancelled accounts, etc. The BBB has them as low as you can get and there are thousands of articles and complaints online about them. So, people just started showing up to the main office demainding their $$$. Hell, I would!

I was looking at it about a month ago but with that many complaints and how young the company was, I stayed away. Most ponzi schemes fall apart within the first year or 2, so this was right in that time frame. And, for once, I just didn't understand how the thing worked, even after reading about it for 10+hours. Everyone I know that was involved didn't know how it worked, which scared me...

I stayed away and use my $ for other valid and trusted MLM companies...
 
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