Tag: Ponzi scheme

In the typical Ponzi scheme unscrupulous individuals induce investors to part with their cash based on a series of misrepresentations about the proposed investment. The investor money is then in part misappropriated and in part used to repay other investors …

A Ponzi Scheme Where One Investor Directly Paid Another Read More »

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ZeeksRewards is the case that just keeps on giving. The multi-level pyramid and Ponzi scheme has generated two prior SEC enforcement actions. One involved the company, Rex Ventures Group, LLC, and its principal, Paul Burks. SEC v. Rex Venture Group, …

The SEC Files Another Action Based on ZeeksRewards Read More »

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