TOMORROW (DEC. 17) AT THE ZEEK AUCTION: Branded Ponzi History Up For Bid: Coffee Mugs, Water Bottles, Key Chains, Refrigerator Magnets — And Plaques Of Network Marketing Business Journal Puff Pieces
It won’t be quite like buying Bonnie and Clyde’s fateful getaway car, but it still will represent a purchase of American crime or fraud history. In Lexington, N.C., tomorrow — on the second and final day of the court-approved Zeek Rewards auction — pieces of MLM Ponzi-scheme history will be put up for bid.
And in Zeek’s case, it’s branded history: cases of water bottles with Zeekler.com branding, cases of coffee mugs with ZeekRewards branding, cases of key chains with Zeekler branding, cases of refrigerator magnets with Zeekler branding.
The taglines on the Zeek coffee mugs read, “save money — make money.”
Auctioneers also have put something called the “Zeek-Israel Jerusalem Trophy” up for bid.
Also on the auction list are plaques of Zeek puff pieces that appeared in the July-August 2011 edition of Network Marketing Business Journal. Here’s the headline: “Record savings, record earnings with Zeekler’s entertainment shopping experience.”
About a year after the July-August 2011 NMBJ article appeared, the SEC alleged that Zeek was a $600 million Ponzi and pyramid fraud. ASD was a $119 million Ponzi scheme exposed by the U.S. Secret Service in 2008.
Plenty of gift cards, furniture, computer equipment and other items linked to Zeek also are up for bid tomorrow.
In terms of the number of victims — somewhere on the order of 800,000 — Zeek is believed to be the largest Ponzi scheme in U.S. history. Kenneth D. Bell is the court-appointed receiver.
See PP Blog story from earlier today on Day 1 of the Zeek auction.
The Day 2 auction begins at 9 a.m. ET tomorrow, Dec. 17, 2013.