Questions AdViewGlobal Members Might Want To Ask The ‘Management Team’ As Surf Sinks Into Cash-Out Abyss
AdViewGlobal (AVG) has announced the suspension of cash-outs and a decision to make an 80/20 program mandatory. AVG members should ask the “management team” if there is any possibility that any of the following three things happened.
1.) Money paid to AdSurfDaily members by ASD ended up in the AVG system. (For example, a member got paid by ASD, and then later moved the money to AVG. Or, alternatively, an ASD member sold ad-packs directly to ASD downline members, deposited the money in his personal bank account, and later moved the money to AVG.)
2.) “Founders” and insiders of AVG used fictitious paper profits that once existed in ASD as their capital contribution to AVG.
3.) Founders/insiders of AVG took a disproportionate share of AVG’s early revenue and cashed out their fictitious ASD profits — in whole or in part — through AVG .
Here is why these questions are important:
1.) ASD’s visible cash and other assets were frozen by the U.S. government in a wire-fraud and money-laundering investigation, but other cash that once resided in ASD’s bank accounts had made its way into the bank accounts of ASD members. It also is known that some ASD members collected money directly from customers for the purchase of ad-packs, and then deposited the money in their personal bank accounts and used ASD’s internal system to move the ad-packs to the purchasers. Money from No. 1 (above) is money laundered twice, which means it is doubly dirty. If it was unclean when it resided in ASD, it is doubly unclean inside AVG.
2.) Money from No. 2 above doesn’t really exist, which means AVG created value where none existed and had non-founders/non-insiders fund the value — as ASD allegedly did with its ASD Cash Generator iteration.
Looking at it another way, AVG could have used the theoretical value of money now held by the government in the ASD case — and also the fictitious paper profits — to fund the launch of the company, passing the real cost off to non-insiders/non-founders.
3.) Money from No. 3 above would mean founders/insiders paid themselves disproportionate shares before anyone else got paid, thus plundering the company.
The autosurf landscape is littered with stories about plundering. To explain suspended cash-outs, ASD President Andy Bowdoin once claimed script problems were to blame. Meanwhile, Bowdoin claimed Russian “hackers” had stolen more than $1 million from the company.
Bowdoin never filed a police report — not even to report a purported theft in excess of $1 million, prosecutors said.
The reason one has to consider each of the possibilities above is that AVG suspended cash-outs after collecting money for 5+ months, then made 80/20 mandatory, while also changing the maturity dates for “page impressions” from 150 to 180 to 210 days.
As one of our readers pointed out, the situation AVG currently confronts is like the situation a bank would confront if it advertised CDs and couldn’t fund redemptions on their maturity dates.
Customers would buy the CDs, expecting a return in 150 days. On cash-out day, the bank would tell customers that it couldn’t fund the redemptions, hoped to be able to fund them by adding two months to the maturity date in anticipation of new revenue — but, in any case, when customers went to cash-out two months later, they could take only 20 percent of the money they were owed and were told they must keep 80 percent of their money in the system.
Financier Allen Stanford faced a similar problem with CDs earlier this year on the Caribbean island nation of Antigua, and has been indicted on Ponzi and fraud charges. Prosecutors said he created the mirage of value by employing a series of accounting tricks.
There is a fourth possibility to consider with AVG: Not all founders/insiders were created equally and that the people closest to the money cherry-picked some of it for themselves, and then told the other founders/insiders that AVG simply wasn’t generating enough revenue or that “bad members” had siphoned off cash.
Putting it in the context of the ASD case, did Russian “hackers” really steal more than $1 million — or was it simply more convenient to blame them to cover up theft and insider dealings?
Here is another possibility: No one at AVG stole anything, no one paid themselves early, the founders/insiders kept all their money in the company — and AVG simply flopped because it couldn’t generate enough cash.
A few things could be in play in this scenario. AVG, for example, could have relatively few customers willing to pay for its “advertising” services — and that the existing base of AVG’s “advertisers” willing to spend money is too small to support the weight of the liabilities or even a break-even line.
It also is possible that the banking system “caught” AVG early and choked off its access to wires and the money supply, thus starving the company.
So, are you telling me that I should be “warned and scared” about the copywrited material? Yah right. Let’s see the actual copywrite documentation.
You kids just need another popsicle with all of the other lies that you believe over in AVGA land.
And please do not tell us not to base our opinions unless we have hard evidence and fact. Wow, I would think if I was sending in money or telling my friends and family I would demand evidence and facts.
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Mindset Shift
Posted 24 Minutes Ago By Louis Muise
Wondering why we cannot get paid our referral commissions now instead of 30 to 40 days???
Louis
Now it has been “shifted” to 40 days. Then it will be 50, 75 and so on till they hit the global launch on Aug. 1 and then there will be internal “hackers”.
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Hi Lynn,
AVG members can ask, reasonably, if the AVG capital contributions of Judy and George Harris came from ASD money — either in the form of fictitious profits that were moved from ASD to AVG or in the form of cash that had been hidden.
Why? Because the Secret Service is well-aware that the Harris family effectively had no visible money in August 2008, and the documentation is a matter of public record.
In August, Judy borrowed $5,000 from her aunt, who placed a lien against Judy and George’s 2008 Honda CRV to guarantee repayment. Judy instructed her aunt to place the lien, prosecutors said.
The Secret Service has interviewed Judy’s aunt, who provided a statement to investigators.
The lien held by Judy’s aunt, however, cannot be enforced at this moment in time because the government named the car in the ASD December forfeiture complaint as part of the proceeds of an illegal enterprise.
The car was paid for with ASD Check No. 1337 in the amount of $28.607.67.
Judy Harris is a Bowdoin/Harris family member. Her husband, George, is the son of Edna Faye Bowdoin, Andy’s wife. George paid off the Harris mortgage with more than $157,000 from ASD, according to prosecutors.
Andy identified George as head of ASD’s real-estate division, and Judy as the person who answered Andy’s cell phone. Andy’s identification of Judy and George is documented in an exhibit filed with the August forfeiture complaint.
All of this information was in the public record BEFORE the launch of AVG.
You’ll recall, of course, that AVG did not start out as a “private association.” You’ll also recall that AVG formally launched AFTER Andy Bowdoin had signed a proffer letter and acknowledged ASD was operating illegally — and AFTER Andy had made the decision to submit to the forfeiture of tens of millions of dollars.
Andy didn’t tell the rank-and-file about the proffer letter. Andy didn’t tell the rank-and-file that he acknowledged ASD was illegal. Andy didn’t tell the rank-and-file about his decision to submit to the forfeiture, which was formalized in mid-January — at the same time he was named a defendant in a racketeering lawsuit.
Andy’s submission to the forfeiture and the proffer letter were potentially devastating to a great number of people, including members of his own family.
In late February, weeks after his forfeiture decision, Andy changed course after meeting with what he described as members of a “group.” At the same time, AVG introduced members to Pro Advocate Group, which is associated with a convicted felon and pitches “private associations.”
AVGA later emerged as a sort of awkward hybrid — claiming to be headquartered in Uruguay but also claiming to have derived its power from the U.S. Constitution.
Judy Harris was not an original “Trustee.” She became one after former ASD executive and AVG Chief Executive Officer Gary Talbert suddenly resigned from AVG, amid an announcement from AVG that Gary no longer was leading the company but would continue to have a role in the “accounting” department.
News about Gary’s resignation broke on a Friday. On Monday, AVG announced its bank account had been suspended because too many members had wired transactions in excess of $9,500. AVG blamed the suspension on members, in the very first sentence of its announcement. The date was March 23.
Around the same time, a member of AVG’s “Compliance” department was settling a federal lawsuit that had been filed against him last year. Financial details of the settlement were not disclosed.
In May, AVG announced it had acquired a new wire facility. But a company AVG identified as a facilitator of the wire transfers denied it had any business relationship with AVG. The company that issued the denial said it had discussed business with a Florida company, and that Florida company just happened to be owned by the member of AVG’s “Compliance” department who had settled the federal lawsuit just a month previously for an undisclosed sum.
A final note: During the same time frame in which AVG was announcing the resignation of Talbert and the suspension of its bank account, Andy Bowdoin appeared in a video for a company named “PaperlessAccess.”
Andy said it was a good way for members to get back cash lost in ASD. The PaperlessAccess video went missing after several days, when reporters pointed out that the script PaperlessAccess was using and the language in its pitch was virtually identical to the language ASD had used.
Surf’s Up said Andy asked PaperlessAccess to remove the video because he had been misled by the company. Other people complained about having their ASD membership details transferred to another surfing company, and still others questioned why yet another company appeared to be springing to life to compete against AVG.
Patrick
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Cathy,
It’s really at 40 days now? That should be a huge red flag. All that money is lost and gone. It’s either tucked away or has been spent.
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That’s what Louise posted. I’m betting tucked away.
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“new management”
Posted 2 Hours Ago By Joey Shiver
If this is an off shore company and the home office is in Uruguay, doesn’t that mean that the new management will be living and working in Uruguay as well? How else can they properly run the company?
Another question posted by a member…
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Oh the “members” are getting restless huh? I feel another attack of “Satan” forthcoming……..but hey…..if God be for us….who can be against us?
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….another question for Mlle. Rougeau:
“Why does the mailing address for AVG, if it is supposed to be this shining light of the internet ad world, resolve to a UPS Store (UPS Store 102 COLLEGE STATION DR #3, BREVARD NC 28712, 828-883-4701)
instead of a real location?”
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Hi Entertained,
Nice find.
Maybe it happened for the same reason a 2005 bankruptcy filing by an AVG insider listed an apartment address that also resolved to a UPS Store. The application expressly used the abbreviation “Apt.”
The filer sought to discharge about $1.3 million, claiming assets of about $3,500. In subsequent legal actions against the filer, process servers reported trouble locating him, but eventually did: At an office park where conferencing can be rented by the hour.
One of the companies in the office park — one owned by the person who once claimed to reside in a UPS Store — appears to have attempted to use its wire facility to route transactions to AVG.
But the wire service found out about it, called its lawyers and blocked the back-door transaction routes. A little more than a month later, AVG announced the suspension of its cash-out program.
Patrick
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Patrick,
Credit goes to Cathy G. and Don….
Jack Arons also posted the AVG terms of service. My favorite, clause, which is another question for Donna. Article VII, below, grants permission at any time for any reason for Judy Harris to close up shop and keep all of the money. The liabilities piece goes away, because after all, rebates are not guaranteed. Why is that they case, Donna? Looks like permission for Judy to keep everything at any time…
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A bit more on Donna, and I have a theory as to why she is involved with AVG.
From http://www.ryze.com/view.php?who=coachdonna Donna says she is an ” Internet Marketing Specialist”. Those who have seen these sort of things before will probably recognise that as a MLM promoter who is an “expert” at building down lines. (For “expert” read someone who pimps any sort of MLM rubbish).
It appears that before Syndicate Digital, she had another business: ABW Internet Marketing Consulting Inc. I’m not sure if that company still exists. Then on Twitter she is promoting MAI Systems (Masters Alliance International).
There is also a “Donna Rougeau” who was a Personal Development Coach at Compass North Consulting & Coaching. This Donna was the founder of millionairePLUS (http://www.spoke.com/info/p1PmUVu/DonnaRougeau).
What was millionairePLUS? It appears to be a “downline service” (http://www.scamclub.com/reports/Glen-Steagall-5495.html), which appears to have existed in 2002: http://www.agpcommunity.com/archives/issue70.html. The web site is now parked by godaddy, but it appears to have been alive in 2007.
I think Patrick was right when he said that Syndicate Digital got involved with AVG for a list of names. I get the impression that Donna is going to be using AVG as her “downline”, even if those further down the pyramid don’t know it. I think Donna is just the sort of person to get involved with AVG. In fact, I would not be at all surprised if Donna was involved in some way with ASD.
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If you look up their Customer Support phone number: 786-752-4143 you will find it is an unlisted cell phone number in Homestead, FL. So now we have a mailing address and phone number in North Carolina, and a customer service unlisted cell phone number in Homestead, FL, but this is a real and legitimate International Internet Advertising company that is setting the standards for all companies.
By the way where did Barb and Joe go? Sorry, meant to say CORRECTION and Joe.
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