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ZeekReward founder heads to trial for fraud

Discussion in 'BlackHat Lounge' started by Asif WILSON Khan, Jul 14, 2016.

  1. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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    https://robesonian.com/news/89194/zeekreward-founders-heads-to-trial-for-fraud



    Now I did a quick check and looks like a few people fell for this scam:
    http://lmgtfy.com/?q=site:blackhatworld.com+zeekrewards
    Read though the threads and all those people adamantly defending it, the same way they do for all the new Ponzi/Pyramid schemes that pop up all the time.

    People need to use common sense and not become another sucker to these clowns with obvious scams.
     
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  2. CeaseFireBlack

    CeaseFireBlack Regular Member

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    yo wilson became white, congrats! just noticed.
     
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  3. Djwillster123

    Djwillster123 Junior Member

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    lol i live in nc
     
  4. waitier

    waitier Power Member

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    The white on the grey theme is a pain to look at. The black theme on the new look is also a pain.

    Anyway, this is called HYIP. Obviously there are dumb people who defend it blindlessly, but there are also smarter investors who predict when the operation is going to colapse. Its a matter of judgement when it comes to such investment and the smart ones are only a handful.

    If you want to see countless people "defending" it then there are countless HYIP forums out there. What they do is raise the interest by disclosing their revenue day to day - because they need to keep the level high for newbies otherwise it will fall, and once it begins to fall, the original guy will shut down the company and take all of it away.

    Well in this case its the court order. But "smarter" people will realize its stupid to base such operation in the US. Take for instance china, the trend is so hapenning now that I know of a few who fell for it. The guy's name is Zhang Jian.
     
  5. MrE

    MrE Executive VIP

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    @jmdawson - KNOCK KNOCK, you haven't been around for a while and didn't renew your domain name.... if you aren't putting in time/skill and a sharp edge you will never make $600/day and anyone that tells you otherwise is just taking your money.

    Original Thread: - http://www.blackhatworld.com/seo/zeek-rewards-anyone-tried-it.367859/
     
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  6. Floopa75

    Floopa75 Jr. VIP Jr. VIP

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    Probably had a little moment when he realized the Feds spanking would burst every hemorrhoid he's had - both past and present

    [​IMG]
     
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  7. toml3030

    toml3030 Elite Member

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    Ah, Zeekrewards and its cousin Zeekler...I remember in 2011 and 2012 battling these idiots on financial boards. I basically posted some math that said if they were actually doing what they were claiming to do, they were at the moment more profitable than Microsoft, which is total bullshit since that would mean that were were making $10 mil/day profit from running 100K worth of penny auctions and the fanboys went apeshit claiming that I just didn't "get it" and that Zeekrewards was a "new way to generate wealth where old math doesn't apply".
     
  8. Asif WILSON Khan

    Asif WILSON Khan Executive VIP Jr. VIP

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  9. lancis

    lancis Elite Member

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    Up to 65 years in prison?
    I hope they dont find he raped somebody, that could easily up the sentence to 70 years total.
     
  10. legoknekt

    legoknekt Junior Member

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    Don't forget the 1m fine.
     
  11. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    I was expecting him to be a guy like 1/2 the age of what I know he is now.
     
  12. ppaizon217

    ppaizon217 Regular Member

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    Exactly. What about 20 years old who (stupidly, I admit, as there's legal ways to make money) hack banks and gets sentenced to 70-100(?!) years?

    Not even someone doing massive genocides would be sentenced by the actual rules for 70 years. But someone stealing "made-up" money, a number on a display, yeah.
     
  13. neu009

    neu009 Senior Member

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    Remember that ponzi/hyip whatever you want to call it. Was thinking of dumping some money in but was not sure how much longer it had to milk it so passed. In the end seems this one they actually got the money back from the "investors" as well, guess it was just too big of a scam this time around to turn the head in the other direction.

    But as usual shows you how much money can be made with "making money online".
     
  14. asap1

    asap1 BANNED BANNED Jr. VIP

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    I don't condone stuff like this but man you gotta get out early when you're doing shady shit like this.

    RIP.
     
  15. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Different jurisdictions and judges, some judges in the same jurisdiction are more lenient than others, while others have a throw the book that them mentality.
     
  16. toml3030

    toml3030 Elite Member

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    I'm actually disappointed that the dude took in SIX HUNDRED MILLION DOLLARS and somehow only kept less than 5% of it. If he took let's say $100 mil and fled to a country that doesn't have extradition treaty with US, he'd be home free.
     
    Last edited: Jul 27, 2016
  17. toml3030

    toml3030 Elite Member

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    The key word is "up to". As in he could get something like 8 years when sentence is laid out. IIRC technically they could have charged him each transaction as a separate crime and ask for a sentence of 1 million years or whatever.