By Kyle Villers

 

Rex Venture Group CEO fined $4 million and has $225 Million in assets frozen.

 

 

Paul Burks, CEO of Rex Venture Group has agreed to pay $4 Million

in fines for running what is being called a “Ponzi Scheme” by the Securities and Exchange Commission.

Burks has agreed to the fine but, has not admitted to any wrongdoing.

In a written statement from Steven Cohen (spokesperson for the SEC) RVG was investigated and “The obligations to investors drastically exceed the company’s cash on hand, which is why we need to step in quickly, salvage whatever funds remain and ensure an orderly and fair payout to investors,”

If you have money in Zeekler or ZeekRewards your funds MAY be available out of the $225 Million in assets frozen by the SEC. Although any payments may take months or years  and will probably NOT be 100% of monies deposited.

 

 

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