You’ve been Zeeked

A million people apparently thought that with pixie dust you could make 1.5% per day on your “investment”

http://www.forbes.com/sites/jordanmaglich/2012/08/18/feds-halt-alleged-600-million-zeekrewards-ponzi-scheme-how-it-happened-and-whats-next/

The SEC just seized it.   The company has about $225 million in the bank and investors believe they have $3 billion in profits due to them.

Ponzi – the legend that keeps on giving.

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4 Responses to You’ve been Zeeked

  1. Nidster says:

    You load 16 tons of #9 coal and what do you get?
    Another day older and deeper in debt.

  2. Nidster says:

    Just read this and I have only one thing to add regarding Ponzi Schemes….audit the Fed and we’ll probably learn they have no Capital to back-up all their Treasury Bond purchases; unless of course, you are counting the worth of all the souls they have acquired.

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