North Carolina Department of Justice

North Carolina Department of Justice

North Carolina Department of Justice
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Watch out for "reload" scams

Monday, August 20, 2012

 
Reload scams hit consumers when they’re down, offering to help them make back money they lost to a previous scam or bad business decision.  These scams have been popular for years with telemarketing fraud rings but can also follow other types of fraud.
 
We’re now seeing reload scams seeking to recruit consumers who were members of Zeekler, a penny auction website headquartered in North Carolina that shut its doors last week and entered into a settlement with the U.S. Securities and Exchange Commission.  The SEC determined that Zeekler was a Ponzi scheme, using money from later investors to pay back earlier investors until the scheme started running out of money.  The Attorney General’s Office is continuing to investigate Zeekler.
 
Blogs, news releases online, and individuals leaving comments in articles about the Zeekler shut down are already touting opportunities “for those that are looking for something that can help them replace the income they were receiving from Zeek Rewards.”  If you’ve been a part of a scheme such as Zeekler that collapsed, or if you lost money to another recent scam, don’t fall for a reload scam.  Better to cut your losses than lose even more.