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One Man’s Zeek Rewards Story

March 12, 2013

The claims process is still underway with the Zeek Rewards Ponzi Scheme. Here’s a story about one man’s personal toll being involved at the tail end of Zeek Rewards. Troy Olsen of North Carolina lost his teaching job in 2012. Friends of his who knew of his plight and were involved with Zeek Rewards encouraged him to check out the “opportunity.” Shortly after putting in $10,000 of his family’s money, Zeek was shut down by the FTC and put into receivership. While he waits to see if he’ll be able to get any of his money back, he has to deal with the emotional baggage of being duped. The FTC says that victims of the scheme may have topped one million, so Troy’s story is just one among many.

If you do a search today for Zeek Rewards Stories, you’ll not only see a number of articles about the shutdown, you’ll also see several links to web pages promoting the opportunity (written, of course, before Zeek tanked).

Reading these pro-Zeek articles today is funny, sad, and sobering all at the same time. Ponzi schemes, pyramid schemes, and other bad business opportunities all sound great on paper. The idea that you can build this great community fast, earn money while you sleep, and never have to worry about anything ever again, however, is a pipe dream for all but the very exclusive.

Although it can be difficult for victims to share their story, I feel it’s a critical component in the fight against these scams. Consumers need to hear these stories to break through the hype and hope machine that scams employ to rope people in.

One Comment leave one →
  1. March 14, 2013 6:08 am

    Do you think the scammed Mr Olsen, et al, would have appreciated an Amthrax like blog highlighting the other side of Zeek Rewards on what the organized criminogenic pyramid outfit might portend for his/their 10k investment?

    Do you see the risk of acceding to the fateful and asinine instruction not to look at the web that all you find there are critics of a scam’s achoo achoo, “good works,” or that the only true info. is that which provided by those participating in the scam? Never forget that just because you are traveling a well marked trail, doesn’t mean whoever made it knew where they was going.

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