UPDATED 3:44 P.M. EDT (U.S.A.)
Topic: In their response to an Andy Bowdoin pleading, federal prosecutors yesterday pointedly referred to ASDÂ insiders as Bowdoin “associates” and “confederates.”
Is it a signal?
Topic: Shad Foss, whom the receiver in the CEP Ponzi scheme case views as a Ponzi promoter worthy of pursuing for clawbacks, sent an email in late March encouraging people to sign up for AdViewGlobal (AVG).
AVG has been running a 200-percent, matching-bonus program, and has close ties to ASD. ASD once advertised that it used the services of CEP Trust, the failed payment processor run by the operators of the CEP Ponzi scheme.
Foss got some of the math wrong in his AVG pitch. Regardless, he managed to use exclamation points to end four consecutive sentences in his 200-percent promotion (emphasis added):
That means $500 turns into $1500 instantly!
$1000 turns into $3,000 instantly!
$2500 turns into $7,5000 instantly!
$5000 turns into $15,000 instantly!
AVG members now are expressing nervousness about trouble the company has been having with payout issues and getting banking and payment-processor issues fixed.
Some members have questioned whether a process involving a button that permits one AVG member to transfer money to another from within the AVG system might constitute money laundering or tax evasion. Members say it’s a means for upline sponsors to make sure members of their downlines don’t have to wait to have AVG purchases credited, but law enforcement could take a dim view of the system.
AVG members also are complaining about low rebate rates, as the surf firm continues to offer huge matching bonuses electronically — a way to collect large sums of cash without requiring people to be physically present to qualify for bonuses. ASD filled its coffers by offering matching bonuses to people who attended “rallies” in U.S. cities; AVG is not conducting rallies, but instead is offering rally-like bonuses electronically.
Topic: Noobing, a surf site that targeted people with hearing impairments, now has been given an official scam label by asamonitor. Noobing used a rebate model similar to ASD, then slashed the payout rate. When members then received only tiny rebates, they complained, claiming bait-and-switch. A Noobing employee said the company slashed rebates because of an unclear ruling in the ASD case.
Topic: Mods at the Pro-ASD Surf’s Up forum continue to champion Andy Bowdoin. Some of the Mods and members also are promoting AVG, but AVG members have been complaining that they aren’t getting satisfactory answers from the Mods or the company. Meanwhile, some Surf’s Up members are openly questioning the Mods’ undying devotion to Bowdoin.