This section contains an archive of articles in which I address the topic – Penny Auctions. Find out everything about this terminology + more interesting information.

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Picture of a gavel used at an auction and money.

Penny Online Auctions – Is It Gambling? What Are the Experts Saying?

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Most of us are familiar with online auctions. Some of us have a personal experience while others have heard of them, or viewed an auction on television. Auctions have become a popular way to sell products on the Internet; one can make a reasonable amount of money by selling products through an auction. This article, discusses specifically, the so-called penny auctions. I think it is necessary to point out certain facts about penny auctions that most people may not have heard of. In the latter part of this article, I write from personal experience with the portal zeekler.com.

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Zeekler auction portal logo.

ZeekRewards – a Scam That Robbed Its Participants of $ 600 Million

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In this article, I have recalled my first online business, Zeekrewards, which I came across when I first became interested in making money online. This project offered easy earnings with hardly any work and the promise of significant rewards. It turned out to be a perfect scam – a Ponzi scheme. However, by the time it collapsed, the owner of Zeekrewards, Paul Burks, comfortably earned over $600 million. That is the sum mentioned by the SEC (the US Securities and Exchange Commission) which stormed their offices and froze a smaller amount of the total sum mentioned.

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