1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

Investor Alert: Lawsuit against ZeekRewards Owner Rex Venture Group LLC filed

A lawsuit was filed by investors against ZeekRewards.com owner Rex Venture Group LLC over alleged securities laws violations and other investors in ZeekRewards should contact the Shareholders Foundation, Inc

 
 
mail@shareholdersfoundation.com
mail@shareholdersfoundation.com
PRLog - Nov. 14, 2012 - Investors filed a lawsuit against Rex Venture Group LLC , who is the owner of the website ‘www.ZeekRewards.com”, and its principal, Paul Burks, over alleged Violations of Federal Securities Laws.

If you invested in the high yield investment program between January 1, 1997 and August 24, 2012, you have certain options and you should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The plaintiff alleges that the owner of the website ZeekRewards.com allegedly ran a $600 million Ponzi scheme. Specifically, the plaintiff says that about 1 million investors invested between January 1, 1997 and August 24, 2012, more than $600 million through the website and over interstate wires to participate in the ZeekRewards program, a self-described “affiliate advertising division” for the companion website, “www.zeekler.com” , through which Defendants operate penny auctions.

The plaintiff says that he relied on explicit representations made by Paul Burks personally that their investments would return “up to 50%” of the company’s daily net profits in the form of daily profit share awards.

However, on August 17, 2012, so the plaintiff, he discovered that ZeekRewards was in fact a massive Ponzi and Pyramid scheme when the Securities and Exchange Commission (“SEC”) filed suit in Rex Venture Group, LLC’s home state of North Carolina.

Those who invested in the high yield investment program between January 1, 1997 and August 24, 2012, have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

Photo:
http://www.prlog.org/12022787/1

--- End ---

Click to Share

Contact Email:
***@shareholdersfoundation.com Email Verified
Source:Shareholders Foundation, Inc.
Phone:+1-(858)-779-1554
Zip:92108
City/Town:San Diego - California - United States
Industry:Business, Finance
Tags:zeekrewards, zeekler.com, class action, securities lawsuit
Shortcut:prlog.org/12022787
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share