AdViewGlobal Promoter Says Prospects Can Bypass Company And Purchase Ad-Packs Directly From Sponsors To Ensure They Get Credited With 200 Percent Match Before Deadline
An AdViewGlobal (AVG) promoter has shared a strategy that potentially could cause a legal calamity for individual AVG promoters and members. The member posted his strategy on an AdViewGlobal forum set up by some Mods and members of the Pro-ASD Surf’s Up forum.
AVG, which purports to be headquartered in Uruguay and also is known as AVGA, launched a new website Monday, redefining itself as a full-fledged advertising company with a host of services. Within hours, the surf firm announced that a 200 percent, matching-bonus program would end June 5, not June 29 as originally advertised.
AVG prospects and existing members expressed concern that they would not be able to get their accounts credited with purchases or the bonus before the June 5 deadline. The new deadline shaved 24 days off the original deadline.
One AVG promoter, however, said there was a workaround by which established program sponsors could serve as a conduit for AVG.
Under the workaround, established sponsors could gather money from individual prospects, deposit it in the sponsors’ local banks and then send a check by overnight mail to international payment processors in Canada and Panama.
Alternatively, the sponsors could use their local bank’s wire facility to wire money to the processors, the promoter explained.
Once the offshore payment processors credited the sponsors’ accounts, the sponsors could transfer the money to AVG and use AVG’s internal system to transfer ad packs to the prospects’ accounts in the amounts they desired to purchase, ensuring that the matching bonuses also would be credited by the June 5 deadline.
“Many new members may or may not be able to become verified AND have their account funded in time to qualify for the match,” the promoter said. “So as a sponsor what you can do is bank wire or overnight your payment processor ([SolidTrustPay] or [StrictPay]).
“You are guarantee[d] to have it into your account by Friday. Once it hit[s] your account, log into backoffice and ‘Fund your AVGA account’. This will bring the money into your cash balance. Once it’s in your cash balance, then you can INSTANTLY transfer it to your members. Once money hits their account, they can make a purchase and “BAM” get the 200% match.
“You can have your members wire you their funds or whatever the 2 of you decide upon,” the promoter continued.
“Unless [there] is a direct wire to AVGA for funding, this is probably the best way that I can see that you can help all your present AND new members get the 200% match,” the promoter said.
Such an approach potentially brings many issues into play at the individual level, including mail fraud, wire fraud, money-laundering, tax evasion, selling unregistered securities and acting as a securities broker-dealer without a license.
Some members of AdSurfDaily, a Florida company accused of wire fraud, selling unregistered securities and operating a Ponzi scheme, also gathered money directly from prospects and used ASD’s internal system to transfer credits.
ASD’s internal laxity and inability to post purchases in timely fashion led to assertions that individual promoters could use the company to make tax-free side deals with prospects. If a promoter already was in “profit” and had a stockpile of ad-packs on the books, he or she could sell the ad-packs at a discount to prospects, transfer the ad-packs to prospects using ASD’s internal system and pocket the cash.
The prospects would “earn” at ASD’s advertised rate, even though they paid less than others for ad-packs by purchasing through sponsors and bypassing the company. Other ASD members who had paid full price through ASD would inherit the burden of paying for the discounted ad-packs and their full “earning” potential.
Collecting money from prospects and transferring ad-packs using AVG’s internal system may be problematic even if the ad-packs aren’t offered at a discount. The government views the autosurf business model as foundationally corrupt, and makes no secret that participants are subject to prosecution under securities, wire-fraud, mail-fraud, money-laundering and racketeering statutes.