[PART 2]: ‘MyAdvertisingPays’ Scheme Referenced In TelexFree-Related Class-Action Complaint That Alleges Racketeering — A Zeek Tie, Too

EDITOR’S NOTE: Part 1 of this two-part PP Blog series covered allegations against an alleged New York City-based TelexFree promoter . . .

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myadvertisingpays2ND UPDATE 9:42 A.M. EDT U.S.A. Though not charged as a defendant, the emerging “MyAdvertisingPays” (MAPS) scheme is referenced in a proposed class-action lawsuit filed against multiple TelexFree figures and financial vendors in U.S. District Court for the Southern District of New York in December 2014.

Because both New York’s Southern District and Eastern District are key centers of prosecutions against U.S. financial fraudsters, the proposed TelexFree class-action — now transferred to Massachusetts federal court — leads to questions about whether other “programs” such as MAPS could become the subjects of prosecutions.

Those odds might increase because Staten Island-based Daniil Shoyfer, alleged by the TelexFree plaintiffs “to have been the largest single Promoter in the greater New York area,” also is promoting MAPs, according to a YouTube site in his name.

Beyond that, Shaun Smith, alleged by the receiver in the Zeek Rewards Ponzi- and pyramid case to be one of the largest Zeek “winners” in the United Kingdom, also is promoting MAPs. Receiver Kenneth D. Bell is suing Smith and other alleged U.K. Zeek promoters for return of the funds, alleging they are Ponzi proceeds that came from Zeek victims.

Bell has expressed concern about MLMers or network marketers moving from one fraud scheme to another.

The TelexFree-related class action describes MAPS as a “120% ROI advertising-based Ponzi scheme.”

MyAdvertisingPays (MAPS) is referenced in this TelexFree-related class-action complaint. Red highlight by PP Blog.

MyAdvertisingPays (MAPS) is referenced in this TelexFree-related class-action complaint. Red highlight by PP Blog.

The MAPS website purports to have “110676+ Users” and to be “GROWING FAST!” MAPS is the subject of a long thread at the RealScam.com antiscam forum. (Also see BehindMLM.com review of MAPS, also known as MAP.)

From the BehindMLM.com review (italics added):

Using the familiar advertising credit + Ponzi scheme business model, MyAdvertisingPays simpl[y] shuffle new affiliate money around to pay off existing investors.

The business model of MAPS is similar to the $119 million AdSurfDaily Ponzi scheme broken up by the U.S. Secret Service in 2008. MAPS purports to operate from George Hill, Anguilla, a British overseas territory in the Caribbean.

In the proposed TelexFree class action, the reference to MAPS appears in a section that alleges various TelexFree financial vendors enabled the fraud. Some of the vendors are alleged to have engaged in racketeering activity.

At least one Zeek vendor has claimed it was rendered insolvent, owing to its Zeek ties.

On its website, MAPS claims it does not accept PayPal because PayPal “has a bad habit of freezing or limiting members accounts for little or no reason at all.” Instead, it encourages prospects to use SolidTrustPay, a vendor used by both the Zeek and ASD schemes.

MAPS also says it uses something called “VX Gateway,” which purports to operate out of Panama.

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7 Responses to “[PART 2]: ‘MyAdvertisingPays’ Scheme Referenced In TelexFree-Related Class-Action Complaint That Alleges Racketeering — A Zeek Tie, Too”

  1. Quick note: Daniil Shoyfer appears to be associated with a New York state business entity known as Monalife Inc. on Staten Island. In one or more YouTube videos under Shoyfer’s name, the name of Monalife appears.

    Looks as though Shoyfer joined MAPS under Monalife. A 3:53 video dated Feb. 15 and titled “Day 286” and attributed to Daniil Shoyfer shows a “Lifetime Combined Earned” of $130,138.71 and amount withdrawn of $28,190.

    According to the video, Monalife’s sponsor was “NBG LLC.” There appear to be several LLCs in the United States with that name, including one in Alabama that may be in the banking business in some way. Can’t tell what NBG LLC sponsored Monalife.

    Looks as though Monalife joined MyAdvertisingPays on May 5, 2014. So, right after the TelexFree debacle.

    From the looks of it, an “LLC” sponsored an “Inc.” into MAPS, a “program” listed on the Ponzi boards — and a “program” that purports to operate from the Caribbean.

    Patrick

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  2. Thought those scheme descriptions looked familiar… the lawsuit ripped off my article on i-Payout, presumably without credit – http://behindmlm.com/companies/telexfree/kevin-thompson-to-tackle-i-payout-compliance/

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  3. Oz: Thought those scheme descriptions looked familiar

    Good to see you, Oz. The class-action complaint is accessible here. You’ll find some links to BehindMLM.com stories in it:

    [deleted by PP Blog]
    Patrick

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  4. I wonder if this is the same Shaun Smith. From 2001
    http://blogs.mirror.co.uk/investigations/2001/12/scum-and-get-it.html

    SORTED was the first to expose a home-working fraud that preyed on the jobless and netted #6.5million.
    Our efforts paid off in November when the men behind SBS Designs of Staffs were jailed.
    Shaun Smith, 36, and Craig Bradley, 35, went down for five years.
    Only last week Smith called us from prison to claim he was jailed because of police incompetence. That’s bull. He’s banged up because after a nine- week trial the jury deemed he was lying scum. Let’s hope he choked on his turkey.

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  5. Yes, it might be the same person – more of his history:
    http://shaunsmithscamalert.blogspot.co.uk/2010/03/shaun-smith-conman.html

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  6. PatrickPretty.com: Good to see you, Oz. The class-action complaint is accessible here. You’ll find some links to BehindMLM.com stories in it:

    Avast is giving me malware warnings on that link :(

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  7. Oz: Avast is giving me malware warnings on that link :(

    I’ll send you the complaint, Oz. I disabled the link above.

    Patrick

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