Todd Hirsch, who states he is one of the top BidiFy affiliates, shot a video this week claiming after doing his due diligence that I will be going to federal prison for knowing Zeek Rewards was a ponzi. Well first of all we live in America and all citizens, have the right to share their opinions, I figured I would help him get the message out.
Now several points Todd makes are 100% false, so I will focus on those, and the rest of his video you have decide on your own.
1. Hirsch claims I was a top promoter of Zeek Rewards. Since I do not fully know how he is using the word “promoter” I am not sure if he is referring that I covered Zeek Rewards more than any other journalist in network marketing, which is true. Or if he is using the word “promoter” as it is defined inside of the Ponzi laws, which in that is false.
I have never held any position inside of Rex Venture Group, Zeek Rewards or Zeekler Penny Auctions as a member, affiliates, employee, customer, or executive. And in thousands of private emails and public comments, not once did I ever direct anyone to join Zeek. I did shoot a video, where I was clear if Zeek Rewards, Co2 Rewards and DubLi Network were the last three MLM companies in the world, I would join DubLi Network because one of my long time mentors and friends is the Senior Director of Sales.
2. Hirsch claims I knew Zeek Rewards was a ponzi from day one. Well if you search this site or YouTube you will see where in Dec 2011, I called out several red flags in Zeek Rewards. Never did I claim it was a ponzi, nor do I believe it was a ponzi when it was shut down. I do without a doubt believe it could be called a pyramid based on the amount of money following from affiliates .vs the amount of outside sales from folks not in the compensation plan.
This is not new news, but I am sure Hirsch has just been busy building his BidiFy business, which was the #1 competitor to Zeek until August 17, 2012. From April of 2012, until the closure of Rex Venture Group, I was a driving force in adding the qualifiers needed to make sure the RPP was well inside the laws governing direct selling companies. Those qualifiers would have been 2,4,6,8,10 customers to 1 affiliates depending on the point balance.
Take those qualifiers and add them to experts far smarter than I, like the legal, compliance and compensation consultants and you will quickly find all of us, not just me, do not believe Zeek Rewards was a ponzi.
However, I will state that many people including Todd Hircsh (as he states in his video) did promote Zeek Rewards as a ponzi scheme. These are the folks the regulators call “promoters” and will be clawing-back funds and may possibility go after in criminal charges if they find they are part of a larger international organization. Although Todd Hirsch admits he is on the way out of the country to the Philippines, I am sure that has to do with BidiFy not Zeek.
3. Hirsch mentions I am under investigation. When an investigation is going on, and it is criminal, then law enforcement doesn’t go around telling folks an investigation is happening. However, regulators do come to this community and monitor what I am others write and say. And I am sure they have collected many editorials, comments and videos to review on Zeek Rewards and other penny auctions.
And just like Zeek, I cover all companies the same. BidiFy had some of the same red flags and we have covered them. As they made changes we reported on those changes. We have covered Bids That Give and in the near future will cover other companies. Some I am sure will have red flags and some may not.
I do believe BidiFy has made the right moves to correct any part of the compensation plan that could come into question by the SEC. These changes take away any idea of “profit pool” aka “revenue share” that could illegally be promoted as an investment and lead to the same ponzi allegations Zeek Rewards and other Penny Auctions may face.
Todd Hircsh and I have never met to my knowledge, but in listening to his video I am convinced he is an expert in Ponzi Schemes, which I am not.
The video he mentions is one I did last week, after receiving thousands of emails from folks across the globe wanting to know which penny auction or ponzi scheme they should join.
Some have questioned why I would include a client (BidiFy) and a company UPP (Ultimate Power Profits) who had already removed their penny auction component.
I included BidiFy, because some of these folks through their emails were folks like Todd Hircsh who are looking for any company that pays, and did not care if they hurt the company or not. Since BidiFy is a client, I do not want those folks going to a company and hurting the affiliates who are there trying to build a business. Especially with what we just saw happen at Zeek.
I included UPP because when it was launched it was launched promoting a penny auction and how the compensation would be much better than any other company. Many of the original affiliates were drawn there for the compensation structure attached to the penny auction business model.
This week I will do individual reviews on these two companies to show how their new compensation structures or business focus could provide a nice online income opportunity for folks, but will not be near as attractive to folks who invest in ponzi schemes.
Living An Epic Adventure,