How to Spot an Online Scam
If you work in the online home based business industry, chances are someone has approached you to join them in Zeek Rewards which also is known as Zeekler.
Zeek Rewards
Zeek Rewards was shut down by the United States Securities and Exchange Commission in August of 2012. The SEC acknowledges the assistance of the Quebec Autorite des Marches Financiers and the Ontario Securities Commission.
Paul Burks began Zeek Rewards in January of 2011. The company offered bids and took money in from people over the internet. Members that joined were encouraged to keep growing their bids so they could grow their income.
You can read more about the legal action taken on the SEC website below:
Zeek Rewards Shut Down by Feds
The problem with these opportunities is that NO real service or product is offered. The program is similar to a high yield investment ( hyip ) deal which promises payments on new money that comes in from new investors.
Zeek Rewards could no longer pay out the huge amount of return to the older investors just like Bernie Madoff’s ponzi scheme fell apart when no future money kept coming in from new investors.
In 2008, a surfing program known as Ad Surf Daily was also shut down by the US government. These type of programs spread around rapidly on the internet. There are some bad apples in the bunch as our parents would say!
Lessons to Learn
What is the lesson we can all learn from this recent action by the governments of Canada and the USA?
Unscrupulous people prey on the nature of people wanting quick wealth or chances at easy money.
New schemes are being programmed today to take advantage of the millions of people that come online every day.
There is NO get rich quick online solution.
There ARE millions of products and services that you can share with people and earn legitimate commissions from a reputable company.
Is There a Solution for People In Need of Money?
Yes! Watch my video where I show you real products and services that help people everyday! I show my 1099 Form as well as the 1040 form for the Internal Revenue Service. I also show a Schedule C form which is the Profit or Loss statement from a small business. I have earned commissions from reputable companies every year since 2005.
Good post Daniel. Sometimes people let their dream of having lots of money and their need of money get in the way of their judgement .. and they listen to others. There has to be a real product, realistic pay plan and various ways to work with the company for it to be legal. You are so right … there is no real get rich quick solution out there. If it was easy everyone would be doing it. Thanks for your post.
Healthy Blessings 🙂
Hello Barbara,
We cannot let a few bad apples spoil the greatest industry in the world. You and I and millions of other people earn residual income every month just like insurance agents, mobile phone service providers, internet service providers, and cable television service providers earn. I say work smarter, not harder. Always find out what the product or service is and if the person cannot share that with you, DO NOT get out your debit or credit card or you will be SORRY!
People must stop looking for get rich quick schemes, if we all do this, they will die a quick death.
Hello Wade,
I agree! Online business is very similar to traditional brick & mortar stores. Relationship building, giving good value & service and daily effort is what make a person successful. There have always been scam artists and it is our job to inform the public to be careful when they first start engaging online. Do some research on the person and the company. One sign I always look for is who can I call if I have questions? I am very transparent in my business.
Hi Daniel,
I think the main problem why there are so many get rich quick schemes about is it seems to be human nature now to want everything instantly. Then if you break even in your first year of trading you are doing well as a company has long gone. No one wants to put the time and effort in. To me if you put the effort in the reward is much sweeter.
Thanks Lee
Ah, the great American Dilemma of the Microwave Generation. No one wants to work hard for results, everyone just wants it NOW. I feel bad for the elderly who are sucked in by these scams, but feel quite the contrary to anyone who has had significant experience with the internet.
Hello Jake,
I have worked harder the past seven years working for myself than I ever did when I worked for an employer. I had a physically demanding job before and now my business requires me to think, write, interact with people and create opportunities for people. Working from home is great for the pocketbook because I don’t have a commute expense and I get to take the 220 tax benefits for being an entrepreneur each year come income tax time.
Hello Daniel,
I really enjoyed your article. It was very informative, I really needed this information to make a good consumer decision. I read some relative information at Words of Wealth website below my name. I think your readers would enjoy this information also.
Again thank you for sharing.
Hello Jevon,
It pays to do some research on a company before giving up your payment card details. Thanks for stopping by.