Reports: BizAdSplash Slow On Payouts To Surf Members
UPDATED 6:04 P.M. EDT (U.S.A.) Could BizAdSplash (BAS), a surf site associated with Golden Panda Ad Builder President Clarence Busby, be following Golden Panda, AdSurfDaily and AdViewGlobal (AVG) into the great autosurf graveyard?
Busby recently ceded $14 million to the U.S. government as part of the ASD investigation.
There are reports today that BAS is behind on payments to members. In the recent past, the BAS surf site has been offline for an extended period of time. The surf also urged members not to contact vendors associated with its use of MasterCard with any questions about the BAS program.
On May 13, BAS, which purports to be registered in Panama, registered Articles of Organization as a Limited Liability Company (LLC) in Georgia. The surf used an address at UPS Store No. 2644 in Kennesaw, Ga., as its mailing address.
Why the company purports to be headquartered in both Panama and Georgia is unclear. Some BAS promoters advised customers to send checks and money orders to the Georgia address and to note their BAS usernames and member names on the checks and money orders.
Joyce Haws, listed in court documents as one of the founding members of Golden Panda Ad Builder, recently was involved in pro se litigation in the ASD/Golden Panda forfeiture case.
A federal judge ruled last week that the pro se litigants who tried to intervene in the forfeiture case had no standing.
Although BAS said it recently did away with bank wires, it says it accepts personal checks, business checks and money orders, along with accepting money from offshore processors AlertPay, StrictPay and SolidTrustPay.
On its website, BAS does not identify its management team. But its Georgia filings identify Clarence Busby as registered agent.
Visitors to the BAS website read that it is “an international corporation which functions by utilizing a team of business professionals who are using their expertise and experience to build a successful company. Many of our professionals have additional involvements so to avoid conflicts of interest we do have some non disclosures in place to protect their privacy.”
In the recent past, the surf has used matching bonus programs to entice new business.
AVG, which debuted online after the BAS launch, recently announced the suspension of member cashouts and mandatory participation in an 80/20 program should cashouts resume. Like BAS, AVG also used matching-bonus programs. AVG said it lost at least one wire account because members had wired too many transactions in excess of $9,500.
Looks like another autosurf is sinking….
Important AdGateWorld Update
Greetings,
The corporate ownership group behind the entire AdGate Network of sites has formally announced the sale of its websites and proprietary technology to a large internet buyer. The new management group is based out of the middle east. At this time, they are in the process of forming a new holding company specifically for the AdGate Network properties.
Our small group of dedicated contractors and volunteers are eagerly awaiting more information about our potential involvement moving forward. We do know that this new ownership group completely understands the business model and respects the social advertising concept. They thoroughly believe in the AdGate 2.0 rebate/profit share program and have assured us that the 200% expiration system and commission structure will remain intact. The new management group has apparently spent weeks evaluating existing technology, customer support, accounting and marketing. We have been informed that their team is eager to take over immediately with a complete transition over the next week. Their attention to banking, accounting and payment processors will be a priority throughout this period.
The ownership change WILL NOT effect the weekly rebate and commission schedule. Any changes regarding the site, rebate program or payment processors will be announced by the new management team. They will take full possession of the network over the weekend so you can expect direct communications from them shortly.
As members of the AdGate community, we are excited to see the next phase of this journey. Since the reboot we are seeing a steady and consistent growth in members each day. The new ownership group has a successful track record with internet operations and marketing. They are crafting a new mission statement that will build on the core advertising product. They apparently have the funds and the professional resources to apply.
We are proud of the integrity and dedication of everyone that has assisted in the development of the community until this point. Now it is our turn to step through the ‘Gate and let others take command!
Best Regards,
The Original AdGate Team
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[...] See July 21 BAS story. [...]
“Put your money where your mouth is man and do your part.”
I’m working behind the scences as we speak.
And then what gives you the right to asume that others aren’t? half the work has to be kept quiet, but you have made some fairly heavy ad mominem” attacks on some of the posters and told them to get on and do something, without even knowing what they do do. I think you owe them an apology.
Let me tell you what needs to be done….
Eagle Research and Associates needs not only to work with Law enforcement, but the agencies need to give authority of acknowledgement to SUBMIT cease and desist orders.
We would all like to see that, but as you seem to be the only one who knows how to achieve this situation, perhaps you would be kind enough to let the Eagle people know how to do this.
By the way, I am delighted to see that you have taken the links to all those online schemes off your site. It’s never too late. And even though there is very little glory in it, you know that you now have had enough experiences to really understand what it a ponzi. You have had your turn at promoting them, and now are in a unique position to make sure that you help stop the rest. It may not be “your style” but it is certainly a good thing that you can do – and a great thing to tell your kids about afterwards.
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Steve Watt, tell us what you know about “Real Investments Paying 1.9% Daily!”? When I click on the link from your add news/ponzi recruitment site (and is that your referral link?) it takes me to geniusfunds -dot- com.
So Steve, what makes this a real investment? Can I contact my broker and have him buy me a few shares of the
*Emerging Markets Growth Fund (symbol) EMGF 1.0% – 1.9%, Daily payments
Or the
*World Bond Market Fund (symbol) WBMF 6.0% – 9.0%, Weekly payments
I’ve put a fair amount of money into mutual funds but I’ve never seen funding instructions like these:
“Genius Funds accepts Liberty Reserve, Perfect Money, AlertPay and SolidTrustPay payments, ACH debits, credit cards or international bank transfers.
Credit card payments and ACH debits are processed through SolidTrustPay or AlertPay.”
So Steve, did you forget to clean all your scam referral links off your site or is this one “legitimate”?
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GlimDropper,
“Steve Watt, tell us what you know about “Real Investments Paying 1.9% Daily!”? When I click on the link from your add news/ponzi recruitment site (and is that your referral link?) it takes me to geniusfunds -dot- com.”
add news/ponzi recruitment site?? no Idea what your talking about..
“So Steve, did you forget to clean all your scam referral links off your site or is this one “legitimate”?”
If there is a URL, which Im sure I have a few floating out there. Copy and paste it in here or send me an email with the full URL, and I’ll eradicate it….
not a problem……
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GlimDropper,
I found the link, it was on my site… It’s been eradicated!
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[...] BizAdSplash (BAS): (Also see GoldenPanda entry above.) BAS launched in aftermath of seizure of assets in ASD/GoldenPanda case. Assets seized in civil complaints in ASD/GoldenPanda case total about $80.52 million. Clarence Busby purported to be chief consultant of BAS. BAS touted purported offshore registration in Panama. Georgia corporation records show version of surf’s name used address of UPS Store No. 2644 in Kennesaw, Ga. [...]