UPDATE: In Bizarre Conference Call, ‘J.C.’ Of OneX Denies He Is Owner, Says SolidTrustPay Is Out — And Claims ‘Program’ Soon Will Be Using Payment Processor That Works ‘With Bank Of America’

Federal prosecutors sent this letter to an attorney for accused Ponzi schemer Andy Bowdoin of AdSurfDaily on April 17, 2012. It was entered in the public record on April 24. The letter describes the "OneX" program pushed by Bowdoin as a "fraudulent scheme." Bowdoin pleaded guilty to wire fraud in the ASD Ponzi case less than a month later. He is currently jailed in the District of Columbia awaiting formal sentencing Aug. 29. (Red highlight by PP Blog.)

“Like [AdSurfDaily], OneX does not generate income by selling a product to consumers outside the system. Instead, it simply re-distributes funds among participants. Thus, a participant will not earn money unless he or she recruits new members. When the addition of new members stops, the program ceases to exist.”From court filing by Office of U.S. Attorney Ronald C. Machen Jr. in Ponzi scheme case against AdSurfDaily President Andy Bowdoin, April 24, 2012

OneX, which went missing weeks ago, now is back — sort of.

The “program” held a bizarre conference call last night, claiming it was trying to resurrect itself after server problems that lasted weeks even as it suggested it was trying to come up with a word combination that would put questions about the program to rest.

“We just have to call certain things that we were doing a different name,” asserted lead huckster “J.C.” during the call.

Precisely what J.C. meant by his “different name” comment was unclear. Much is murky about the purported “program,” which ASD’s Bowdoin claimed last year was great for college students and could result in riches for former ASD members.

During the call,  OneX created a potential PR disaster for Bank of America, which once was the banker for the AdSurfDaily Ponzi scheme and was sued by ASD members who claimed the bank aided ASD President Andy Bowdoin in foisting a massive fraud scheme on the public.

Bank of America has denied the claims against it. Those claims were part of a 2009 racketeering lawsuit filed against Bowdoin and Robert Garner, a onetime attorney for ASD.

Among other highlights from yesterday’s OneX call:

“J.C.” — whom at least some members believed was the owner of OneX — denied he was the owner. Rather, J.C. described himself as a “consultant.”

Regardless, J.C. claimed he’d written a letter to SolidTrustPay to “reverse” deposits made into the OneX account and to return the money to the senders. OneX had received the money from about 22 OneX members as a result of a programming error, J.C. explained. He did not explain how a consultant — as opposed to an owner — had any authority to ask SolidTrustPay to do anything.

In any event, OneX no longer is doing business with Canada-based SolidTrustPay, according to J.C.

J.C. said the “program” has another payment-processing solution waiting in the wings and may make an announcement Thursday. He did not identify the processor, claimed OneX again would open itself to member withdrawals — but further claimed the new processor “is wanting us to stagger” payouts and to begin with “a small amount.”

“We don’t know the numbers yet. Next Thursday we can talk about it,” J.C. said.

Later in the call, with the name of the payment processor still not disclosed, J.C. said this:

“And I will tell you also that it’s not one that is outside the United States. They work with Bank of America.”

 

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11 Responses to “UPDATE: In Bizarre Conference Call, ‘J.C.’ Of OneX Denies He Is Owner, Says SolidTrustPay Is Out — And Claims ‘Program’ Soon Will Be Using Payment Processor That Works ‘With Bank Of America’”

  1. I am always suspicious of any “opportunity” that is concerned about “compliance” and rewording things to give them the appearance of being legal.

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  2. “J.C.” — whom at least some members believed was the owner of OneX — denied he was the owner. Rather, J.C. described himself as a “consultant.”

    I could be completely wrong, but I wonder if “J.C” is “TJ Coughlin”. “TJ Coughlin” of the “Oxford Privacy Group” (a previous/alternative name for OneX/QLXchange) wrote this:
    http://www.lloyds.com/NR/rdonlyres/0D6F6E34-27A5-489F-9575-643A9AE7AE21/0/consumer_notice_Oxford_privacy_group.pdf

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  3. Dropping a first name or such is a common tactic among suspicious characters.

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  4. Is Marion Herbertson from England involved in this fraudulent activity?

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  5. Hiding behind a name for a start shows the company is a scam.

    If he is hiding behind a name, does this mean has has past activities online?

    Pay people what they deserve.

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  6. Don: I am always suspicious of any “opportunity” that is concerned about “compliance” and rewording things to give them the appearance of being legal.

    I am suspicious of an “opportunity” that says its legality hinges upon the words it chooses…!

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  7. I never heard of a marion herbertson before but after a google search it does seem she has a number (pages) of scam posts in which is very concerning dating right back to 2009 to present.

    Is she a business partner with the company?

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  8. Has Solid Trust pay held funds as they believe this could be a scam?

    Onex – what services does it provide to paying members?

    I am a lawyer and very interested in this article and looking / reading into this more.

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  9. Perry: Has Solid Trust pay held funds as they believe this could be a scam?

    Has anyone verified SolidTrustPay HAS withheld funds ???

    Other than the word of an anonymous figure associated with a known HYIP ponzi, what evidence is there THIS excuse is any different than the myriad other HYIP ponzi excuses ?

    Bottom line is, OneX has the money and members don’t.

    Everything else is normal HYIP ponzi froth and bubble.

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  10. Hi there

    I am Marion Herbertson, and I’ve been visiting this blog to keep myself informed about the situation in relation to OneX / QLXchange and because I’m a pretty active marketer, I was not surprised to see my name mentioned above.

    I am not part of the management of OneX / QLXchange – but a simply member of one of the teams, working closely with a great bunch of hard working people. Now, it looks like we could all lose everything that we have been working for since last year.

    However, let me first address the issue of me being involved in any scam. Firstly, I think you will find that most of the posts out there are general blogs and articles written by me – or others using my name as a keyword for Search Engine Optimization purposes. The “scam” posts are from a very specific and short period where I went through a very steep learning curve about my own limitations and what I could and could not do for other people …. and the pitfalls of a high ticket business. It was a severe lesson – to my great regret it did have an adverse effect on a small number of people, some through them refusing to take responsibility for the fact that they were “in business” for themselves and four others where I very definately feel I was at fault and I’m in the process of settling matters with them. Other than that, if you want to know more about me, feel free to contact me or any of my current team members – some of whom have been working with me since I first started online in 2009, and they will give you the other side of the story that there inevitably is.

    Returning to OneX / QLXchange, I feel like we have been strung along for a long time now and, with Mr Pretty’s blog bringing to light some inconsistencies within the company, I had actually advised my team a few weeks ago that we would not be promoting OneX / QLXchange as it was far too unstable to bring new people into.

    When this programme first started, it looked full of promise – but sadly, like too many other programmes out there, it seems like it has simply fallen apart. I thought I had done my due diligence before joining the company – and it is an absolute shame that it has come to this as all we want is to make a decent living online and provide for our families in these difficult times.

    I would however, like to present as balanced a view as possible, and to be fair to the management team of OneX / QLXchange, it seems like they still believe they can correct things and turn the programme around — however, as for me and my team …. we are out!

    For what it’s worth, I’d like to share a word of caution which comes from my hard earned experience — Don’t believe everything you hear out there – do your due diligence yourself by always, always, ALWAYS checking out the legalities of the BUSINESS MODEL you are looking to be involved in. Just looking at the articles in this blog will show you that there are certain “types” of businesses which always fail — but sadly, because these seem to be “easy”, we get sucked in over and over again.

    I certainly know online is the place to be — but there just HAS to be a better way — and till I find that, I am O-U-T!!

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  11. See comments at the end here of related scam-in-process (2014) http://patrickpretty.com/2009/03/25/avg-members-report-confusion-over-bank-suspension/comment-page-1/#comment-112423

    Legitimate companies are being approached and used in internal documentation and discussion to create legitimate appearance and create some international network. Connections to at least a dozen bad actors (many mentioned on this site’s web pages) are involved. President of EndlessOne Global, Pierre Sawaya pled guilty to felony fraud in Texas but full background cannot be verified.

    Also related to LimitlessOne and George A Todt etc etc

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