Zeekrewards claims to be a rewards program for zeekler, a penny auction website where bidders purchase bids, to be spent on items. Burks, operating under the name of rex venture group located in lexington, north carolina. Its users, or affiliates, essentially invested in the program by purchasing large quantities of bids for the penny auction site zeekler. In 2010, paul burks and others created, a penny auction website. Zeek rewards was one of the first penny auction based companies to present profitsharing opportunities to its customers. Recently sold homes in lexington nc 5,443 transactions zillow. Speculation has run rife over the past 24 hours following the surprise closure of zeek rewards home office in lexington, north carolina. Home auctions in lexington nc real estate auctions hubzu.
Zeekler zeekrewards is a part of rex venture group, which is run by paul burks, who has a pretty long history in mlm, spanning over 14 years as of early 2012. Ncal 6936 onsite household contents, vehicles, catering. Sep 22, 2012 once these bids are given away, or dumped onto customer accounts created with an email address, and in many cases where the owner of the email address has not signed up themselves or is even aware they are being signed up to zeekler, zeek rewardss penny auction arm, the zeek rewards affiliate who gave the bids they themselves purchased away. Burks has run zeekler, zeek rewards and other online marketing businesses since 1997 under. Jury hears opening statements in zeek rewards trial news. Feds allege paul burks online auction site fronted a ponzi scheme that bilked 1.
Sep 30, 20 a small number of zeek rewards affiliates will likely have more time to file their claim after the cases receiver requested a bar date extension monday. I believe that rex venture group with their penny auction and zeekrewards. Since i live in lexington, a pretty small town, news like that travels incredibly fast. Oct 27, 2014 burks lexingtonbased company was shut down by the u. Aug 17, 2012 based on complaints filed by consumers, last month we issued a civil investigative demand to zeekler, a penny auction website based in lexington, nc, seeking records so we could examine its business practices.
The company gave affiliates up to half of its revenues on a daily basis, using a points system based on how many free bids an affiliate gave away to new users of zeeklers penny auction website. Lexington, north carolina author of original report. Zeekler, the bidding auction scam lazy man and money. To report an inaccurate or canceled auction, click on the report auction link from the specific auction listing page. Rex venture group, which operates the online penny auction site and affiliates program zeek rewards, has closed its headquarters for. Securities and exchange commission told a federal court in charlotte that rex venture group llc, doing business as zeekrewards and. Browse data on the 5,443 recent real estate transactions in lexington nc matching. Com and its affiliate website, zeekrewards, on friday, august 17, 2012.
This includes researching and pricing items, staging the house to. Penny auction may refer to several types of auction. Judge continues burks zeekrewards trial to july news. Zeek rewards and the companys penny auction website, more than two. Ap in the hardware store on south main street, the owner pulled caron myers aside to tell her about the best thing to happen in years to this oncethriving furniture and.
Based on complaints filed by consumers, last month we issued a civil investigative demand to zeekler, a penny auction website based in lexington, nc, seeking records so we could examine its business practices. The company, which is rooted in its penny auction website, has expanded in the past year to let users buy in through an affiliates program. Aug 18, 2012 san diego, ca prweb august 18, 2012 zeek rewards, the penny auction site zeekler. The north carolina attorney generals office confirmed friday morning that it requested records from rex venture group, which also operates the penny auction site. Securities and exchange commission shut down the company in 2012. Estate sales lexington, sc lexington estate auctions. Charlotte a federal jury heard opening statements from both the prosecution and defense and listened to the testimony of four witnesses on the second day of the paul burks trial. Every person who bids on penny auction site zeekler, purchases what is called a bid pack. Bidding fee auction, in which participants must pay a fee to the seller in order to place each bid penny auction foreclosure, in which participants collectively discourage competitive bidding in order to force the sale a foreclosed property at a low price. Zeek receiver continues claims, collections process lexington, nc. Bell alleges in the suit that bessoni, the owner of peak usa, llc and peak impact, llc, claimed to provide potential customers for rex venture groups penny auction website, zeekler. Zeekrewards usa secret service and sec investigate zeek. Zeek receiver requests extension for select group news. Rex venture group, which operates the online penny auction site zeekler.
Check out how the zeekler penny auction works here. Jun 29, 2018 zeekrewards claims to be a rewards program for zeekler, a penny auction website where bidders purchase bids, to be spent on items. When a bid is placed on a penny auction item lets say for the sake of this example its an apple ipad. The north carolina attorney generals office confirmed friday morning that it requested records from rex venture group, which also operates the penny auction site zeekler. Auctions wholesale used car dealers liquidators 3 website see our services more info 888 2553933. Zeek rewards, which was founded in january 2011, was marketed as a private, invitationonly, affiliate advertising division of the penny auction site zeekler. Get directions explore nearby davidson auction house. The dispatch are now reporting zeek rewards is being investigated by the secret service in coordination with the sec.
Zeekrewards receiver continues to recoup funds the dispatch. It was originally believed that the north carolina attorney general might. Burks, 65, misappropriated several million dollars of company funds, some of which he is accused of giving to his family members. Apply to dispatcher, service manager, truck driver and more. This just out per, a davidson county, nc news source. Davidson auction house retail 717 south north carolina highway 150, lexington, nc 27295 717 south north carolina highway 150, lexington directions. Recruiting, complexity fueled zeek rewards the dispatch. This is the consignments plus auction located in lexington, nc. Both and zeek rewards have recently come under the scrutiny of the north carolina attorney generals office, after dozens of users filed complaints and inquiries in the past six months. We have started receiving those documents and are continuing to investigate the company. Currently the websites are offline which is a nightmare for affiliates as. Browse upcoming public auction sales in lexington, nc.
Ive only recruited one other friend, but my business has increase by 5x as of today. From a small, brick building in lexington, north carolina, burks ran an. Find and bid on residential real estate in davidson county, nc. I joined back in october 2011 and i work the business about 3 to 4 minutes per day.
In addition to operating an active penny auction website, zeekrewards allowed affiliates to participate in a revenue sharing plan. Search our database of davidson county property auctions for free. Burks lexingtonbased company was shut down by the u. Aug 17, 2012 rex venture group, which operates the online penny auction site zeekler. Securities and exchange commission in 2012, as the lexington dispatch noted according to the indictment, burks and conspirators convinced. Burks was president of zeekrewards and the online penny auction site. You can come back at the end of your 30day period for another free articles, or you can purchase a subscription and continue to enjoy. Yokeleys auction company of lexington, north carolina. For those who made money in zeek rewards here comes the clawback lawsuits. Aug 24, 2012 zeek rewards, which was founded in january 2011, was marketed as a private, invitationonly, affiliate advertising division of the penny auction site zeekler. Analyzing zeekrewards and zeekler, is zeek rewards. Courtappointed receiver ken bell asked a federal judge to extend the claims process until nov. Zeek rewards closes headquarters mlm the whole truth. View the location, hours open, and store details about consignments plus auction as well as information on many more consignment stores in or around lexington.
Rex venture group, which operates the online penny auction site and affiliates program zeek rewards, has closed its headquarters for the remainder of the week for undisclosed reasons. Find a real bargain using penny auctions, watch the strategy for free, on the video on my facebook page. Find an estate sale company in lexington thomasville or fill out our estate sale questionnaire to have the companies contact you. Family owned auction business, we run an auction house and also do personal property and estate. Great for discovering comps, sales history, photos, and more. Thousands of victims fell for the allure of zeek rewards. Find full listings, photos, auctioneer links and information. Family owned auction business, we run an auction house and. Zeek rewards, one of the first penny auctionbased programs to offer profit sharing. Former zeek ceo has ties to politics, louisiana news goupstate. Search for real estate auction listings available on hubzu, filter for property type or price and place a bid. A small number of zeek rewards affiliates will likely have more time to file their claim after the cases receiver requested a bar date extension monday. Zeek rewards, which was founded in january 2011, was marketed as a private, invitationonly, affiliate advertising division of the penny auction site, which was also maintained by.
Zeekrewards president indicted triad business journal. The attorney generals consumer protection division issued a civil investigative demand on july 6, requesting that zeek provide specific documents to the state, said. While we do our best to ensure that auction listings posted on the website are accurate, does not warrant or guarantee that the listings on the website are accurate, complete, or current. In a story that published in the dispatch before the general election in november. I attended a liquidation auction held by fleet vehicle and it was run so smooth that i picked up at a business card and gave it to my. Zeek closes headquarters news the dispatch lexington, nc. Due to public health concerns relating to the covid19 virus, the family has requested the auction be rescheduled to a later date. Yokeleys auction company of lexington, north carolina find. Rex venture group, which operates the online penny auction site and affiliates program zeek rewards, has closed its headquarters for undisclosed reasons. Jul 07, 2016 charlotte a federal jury heard opening statements from both the prosecution and defense and listened to the testimony of four witnesses on the second day of the paul burks trial. In penny auctions such as zeekrewards related, online. San diego, ca prweb august 18, 2012 zeek rewards, the penny auction site and the lexingtonbased business that operates them both rex venture group have been undergoing investigation according to the top zeek rewards news website.
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