ZeekRewards Ponzi Scheme? A Scam? Shut Down? Now What?
If you’re in the network marketing/MLM world, you should have already heard that ZeekRewards been labeled a Ponzi Scheme and has closed their offices.
I first read the report here of ZeekRewards closing it’s doors. After reading this post, I heard a slew of rumors on on what is going on.
Some say ZeekRewards is cooperating with the FTC while they do the investigation.
I’ve heard they’ve closed down all their offices after being shut down by the attorney general.
There are even “funny” rumors that the owners are half way to Costa Rica and the employees were seen leaving through the back doors with boxes of documents.
Either way, this is truly no laughing matter as people have tied their hard earned money into this company hoping for a chance to make some money. I have friends who have put thousands of dollars into Zeekrewards. I am here to help; not point a finger saying Zeekrewards was a scam altogether.
Why Was ZeekRewards Shutdown?
Zeekrewards has been under investigation for some time by the FTC as being a Ponzi Scheme. Could it be they don’t like the deals that ZeekRewards is proving consumers?
Wikipedia’s definition of a Ponzi Scheme is:
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation.
Why I Didn’t Join ZeekRewards
I was going to join ZeekRewards. A friend stayed on me about getting in it and if I had the money at the time, I would have definitely jumped at the opportunity.
But truthfully, I had just got on board with MCA. Little on them in a minute.
I learn from Tyler Perry on being successful that you need to plant one seed at a time and let it grow then move on to the next; not plant multiple seeds and try to water them all. You’ll spread yourself thin.
For this very reason, I held off on ZeekRewards.
After hearing this report of ZeekRewards being a Ponzi Scheme, I’ve decided that I’m sticking with MCA because it has already allowed me the opportunity to pursue another business with the money I’ve made from it.
Now I’m not labeling it as a scam or ponzi scheme. I’ve read where the owner said this is a minor set back and they will be up and running soon. The people who make money using ZeekRewards are very confident the company will pull through this.
I hope so because if not, there are going to be a huge class action law suit along with an unemployment line sized crowd outside Zeek’s corporate office.
What is MCA?
MCA is short for Motor Club of America. It’s a program that offers over $150,000 in health, legal, security & roadside assistance SERVICES. You’re not getting in to only make money; you’re an active member with services that you call a 1-800 number to use.
The fact that you make $80 per referral is just an added bonus that can be used as a way to make a little money or turned into a home based business.
Get started with a good company like MCA
Motor Club of America has been around since 1926 and has an A+ rating with the BBB. With over 7 million members nationwide, they aren’t going anywhere anytime soon.
In order to become an associate of Motor Club of America, you must become a member which only costs $40. This $40 gets you instant coverage with the over $150,000 in benefits.
No more ZeekRewards
Even if this does blow over, I think a lot of people have lost faith in ZeekRewards. One reason could be you can’t just take your money out when you’re ready.
If you want to join a definite winning team, get a paycheck in the mail every Friday and make as much as 100k a year promoting a real service with benefits, then join the Motor Club of America.
Let us help you turn a small $40 investment into a 100k a year empire.