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Important Information for ZeekRewards Investors

The U.S. Securities and Exchange Commission (SEC) announced fraud charges and an emergency asset freeze against Rex Venture Group, LLC d/b/a ZeekRewards.com, and Paul R. Burks.

The SEC alleges that online marketer Paul Burks of Lexington, NC, and his company Rex Venture Group have raised money from more than one million Internet customers nationwide and overseas through the website ZeekRewards.com, which they began in January 2011.

According to the SEC’s complaint filed in federal court in Charlotte, NC, customers were offered several ways to earn money through the ZeekRewards program. The SEC has alleged that interests in this program were marketed in violation of federal law.

According to the SEC’s complaint, ZeekRewards has paid out nearly $375 million to investors to date and holds approximately $225 million in investor funds in 15 foreign and domestic financial institutions. Those funds will be frozen under the emergency asset freeze granted by the court at the SEC’s request.

U.S. District Judge Graham C. Mullen has appointed Kenneth D. Bell as the receiver to freeze the assets of Rex Venture Group, LLC d/b/a ZeekRewards.com, and to take control of the company. The receiver has set up the following website, http://www.zeekrewardsreceivership.com/. Anyone with an interest in this case should monitor that website for the latest information about this case and how to file a claim.

Complaints against ZeekRewards.com may be filed with Brian M. Privor and Alfred C. Tierney in the SEC’s Enforcement Division, 100 F Street, NE, Washington, DC 20549.