Paul R. Burks, 65, who owns Zeekler.com and ZeekRewards.com, agreed to settle the fraud charges against him without proclaiming innocence or guilt, SEC officials said in a news release.

The settlement requires Burks to relinquish control of the company, pay a $4 million penalty and cooperate with a court-appointed receiver, which will collect and distribute money back to investors, SEC officials said.
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