Posts Tagged as "Penny Auctions"

Penny Online Auctions – Is It Gambling? What Are the Experts Saying?

Picture of a gavel used at an auction and money. Most of us are familiar with online auctions. Some of us have a personal experience while others have heard of them, or viewed an auction on television. Auctions have become a popular way to sell products on the Internet; one can make a reasonable amount of money by selling products through an auction. This article, discusses specifically, the so-called penny auctions. I think it is necessary to point out certain facts about penny auctions that most people may not have heard of. In the latter part of this article, I write from personal experience with the portal zeekler.com. Read more >>

ZeekRewards – a Scam That Robbed Its Participants of $ 600 Million

Zeekler auction portal logo. In this article, I have recalled my first online business, Zeekrewards, which I came across when I first became interested in making money online. This project offered easy earnings with hardly any work and the promise of significant rewards. It turned out to be a perfect scam - a Ponzi scheme. However, by the time it collapsed, the owner of Zeekrewards, Paul Burks, comfortably earned over $600 million. That is the sum mentioned by the SEC (the US Securities and Exchange Commission) which stormed their offices and froze a smaller amount of the total sum mentioned. Read more >>