Affinity Marketers Beware: Zeek Rewards Caught in Ponzi Scheme

Affinity marketers and investors were caught up in the latest scandal to hit the news when Zeek Rewards was shut down by the SEC this week.

(Source: CNNMoney)
Federal regulators announced fraud charges Friday against a company they said was operating a $600 million Internet Ponzi scheme "on the verge of collapse."

The Securities and Exchange Commission accused ZeekRewards.com, its parent company, Rex Venture Group, and Rex Venture head Paul Burks of luring more than 1 million investors worldwide into the scheme, which began in early 2011.

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