Certain investors received some startling news today as Zeekler.com and ZeekRewards are being accused of fraud. More specifically, The Securities and Exchange Commission claims that the two auction websites are actually a $600 million Ponzi scheme. The SEC says that, in line with a Ponzi scheme, 98% of the supposed revenue and net profit created by the two ventures was actually funds from new investors.Both ZeekRewards and Zeekler.com have been shut down, and federal courts have frozen their assets, amounting to $225 million.