ZeekRewards is considered as a scam platform that does not pays its users. Here's why;
1) Ponzi Scheme
The Securities and Exchange Commission (SEC) shut down ZeekRewards, determining it was a Ponzi scheme that scammed over 1 million people out of $600 million. The scheme relied on new investors paying returns to earlier investors, rather than generating revenue through legitimate means.
2) Lack of Transparency
The company lacked transparency about its operations, and its business model was unclear. When questioned, the company would change its wording or fail to provide straight answers, raising suspicious.
3) Unrealistic Promises
ZeekRewards promises unusually high returns or guaranteed investments.
4) No Real Product
ZeekReward's "product" was based on "bids" in auctions, but industry insiders doubt whether these auctions actually took place. This suggests that the company may have been operating a straight-up fraud.
5) SEC Charges
The SEC charged ZeekRewards with securities and trust, wire-transfer, and tax fraud. The company's owners pleaded guilty to federal fraud charges and faced large settlements and fines.
6) Poor Reviews
Consumer advocate agencies like the Better Business Bureau (BBB) and Ripoff Reports documented many complaints about ZeekRewards, with the BBB rating the company an "F".
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