Three weeks before the SEC shut down Zeek Rewards, Sales Director Darryle Douglas vanished from the public eye.
The official reason cited for Douglas’ departure was “personal reasons”, but in reality he’d done a runner.
That was three years ago almost to the day, with Douglas neither seen nor heard from in public since…
…until now.
Over the last few days rumblings emerged from deep within the MLM underbelly, touting a new penny auction opportunity being specifically marketed to former Zeek Rewards investors.
Auction Attics is the name of the opportunity, with a pitch by Douglas made yesterday marketing “special deals” for anyone
‘interested in sharing profits with Auction Attics’
.
Compound no more, but “Appreciate” your way to $1,000’s weekly! Seriously you can earn 1K or more day one; and do it for Free!
“I’ve been working on this business model since 2011 and now it’s ready. The infrastructure is prepared, it’s go time!”
We will have people earn $1,000’s of dollars within their first few hours…That’s with NO money out of pocket! And it’s ALL product based! That means it’s REAL.
As the name suggests, Auction Attics is a penny auction venture. Traditionally penny auction companies market goods and services they themselves source, often from third-parties (dropshipping).
With Auction Attics though, the idea is to have users sell their own products through the auction platform.
Let’s say we take the profit potential of a penny auction and pay it to everyday people! By this we mean not to the company; but pay it to people who post their own items.
Here’s an example of what it can do for you:
Post your new couch on our new website and hold on tight!
Suppose you paid $500 for a new couch, and posted it immediately for sale. Each bid raises the price at the rate of one cent, but you’re paid 50 cents for each bid (the way penny auction owners have been paying themselves exclusively up until now).
In addition there is no need for worry. We have a reserve minimum system, which means there’s no way for you to lose money.
When the new couch sells, say for $50, (which is an amazing bargain to the purchasing customer) You would earn $2,500! That’s five times what you paid for the couch just a day ago!
Not bad for one day’s “work”, wouldn’t you say?
Perhaps, but what of the Auction Attics users who coughed up $2500 only for one of them to walk away with an actual item?
The reason penny auctions usually put up products themselves is because losers of the auction can then be offered the item at retail, minus the cost of the bids they spent.
That way anyone who spent money on the auction can walk away with something.
If those items are being posted by users however, that’s not an option.
So how long before users of Auction Attics realize they’re losing money repeatedly on auctions they have next to no chance of winning?
The shortcomings of Auction Attic’s business model aren’t addressed in Douglas’ pitch.
Now, how will most people use th
🤖 Quick Answer
Who is Darryle Douglas and what is his connection to Auction Attics?Darryle Douglas was Sales Director at Zeek Rewards before disappearing three years ago citing personal reasons. He has recently resurfaced marketing Auction Attics, a penny auction opportunity specifically targeted at former Zeek Rewards investors, promising weekly profits of $1,000 or more through profit-sharing mechanisms.
What is Auction Attics and how does it operate?
Auction Attics is a penny auction platform marketed as a profit-sharing opportunity. The scheme promises participants "special deals" and substantial daily earnings of $1,000 or more through appreciation mechanisms, structured similarly to previous penny auction models targeting MLM-oriented investors.
What regulatory concerns surround Zeek Rewards and similar schemes?
Zeek Rewards was shut down by the SEC approximately three years before Douglas' recent
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