BULLETIN: MyAdvertisingPays (MAPS) Again Referenced In TelexFree Litigation; Lawyer Calls It A Ponzi Scheme While Calling Simon Stepsys A ‘Ponzi Mogul’

myadvertisingpaysBULLETIN: (6th update 7:23 p.m. ET U.S.A.) Class-action lawyers pursuing claims against TelexFree promoters have called the My Advertising Pays (MAPS) “program” a Ponzi scheme and described MAPS promoter Simon Stepsys as a “Ponzi mogul.”

The case itself is not against MAPs. Even so, the lawyers now have made repeated references to MAPs and are lambasting the serial promotion of MLM fraud schemes. The newest reference to MAPS occurred in federal court filings in Massachusetts today. As the PP Blog reported last year, MAPS initially was mentioned in a proposed TelexFree-related class action filed in the Southern District of New York in December 2014.

Daniil Shoyfer, an alleged promoter of TelexFree, plowed nearly $9,000 into MAPS a month after TelexFree filed bankruptcy in April 2014, according to attorney Alexander D. Wall. Shoyfer promptly was heralded by Stepsys, Wall contended.

Stepsys, Wall alleged, “is an Internet Ponzi scheme mogul” currently promoting MAPS. He previously promoted the bizarre Banners Broker scheme that led to two arrests in Canada last month.

Moving from one fraud scheme to another is a serious problem in MLM.

A Stepsys-connected website includes “a paragraph, together with a photograph of Defendant Daniil Shoyfer, congratulating Mr. Shoyfer for reaching the ‘1200 Diamond level’ for his promotion of the MyAdvertisingPays scam,” Wall alleged.

“This webpage also indicates that in May 2014 – the month following TelexFree’s declaration of bankruptcy – Mr. Shoyfer purchased ‘177 Credit Packs’ from MyAdvertisingPays. Upon information and belief, as well as research I have performed, [a] MyAdvertisingPays ‘Credit Pack’ costs $49.99,” Wall alleged. “Thus, Mr. Shoyfer invested at least $8,848.23 in a second Ponzi scheme in the month after TelexFree’s bankruptcy filing.”

The class-action lawyers have been seeking a preliminary injunction against Shoyfer and an asset freeze that would prohibit dissipation of assets. Shoyfer has contended he believed TelexFree was legal and that there is a vendetta against him.

MAPS has claimed recently to have closed itself to U.S. members, a possible indicator that it fears it is under investigation by American law enforcement.

NOTE: Thanks to the ASD Updates Blog.




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4 Responses to “BULLETIN: MyAdvertisingPays (MAPS) Again Referenced In TelexFree Litigation; Lawyer Calls It A Ponzi Scheme While Calling Simon Stepsys A ‘Ponzi Mogul’”

  1. You can bet that behind the scenes of MAP there is total fear they are next on the governments radar. The one thing you do not want happening to your Ponzi de Jour is to be named a Ponzi in a major Ponzi case by the prosecution and specifically your biggest promoter as a Ponzi mogul. Bad for business. Of course the blinded members will shrug this off as the prosecutor not understanding the MAP business model and a hater. But some of the minor pimps of MAP are shaking in fear they could be next on the list.

    Personally I do hope that MAP is next and not far behind is Traffic Monsoon. While MAP did stop business in the US, or at least they claimed they have, it does not remove them from being in the cross-hairs of the US authorities. It also makes one wonder how long before the UK authorities take action against MAP and their leaders? Hopefully it is soon. Stay tuned as this could get really interesting in the next few months.

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  2. Simon Stepsys makes T. Lemont Silver look like Jesus Christ when it comes to Ponzis.

    At least T. Lemont Silver has a reply to victims – Here it is – http://bit.ly/1T5Ojlt

    Stepsys doesn’t even answer calls…

    http://www.mirror.co.uk/news/uk-news/internet-millionaire-says-its-simple-6118617

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  3. Not sure if it’s been posted before:
    https://www.asa.org.uk/Rulings/Adjudications/2015/7/Simon-Stepsys-Success-International-Ltd/SHP_ADJ_300740.aspx

    On that point, the ads breached CAP Code (Edition 12) rules 3.1 (Misleading advertising) and 3.7 (Substantiation).

    On that point, ad (b) breached CAP Code (Edition 12) rules 3.1 (Misleading advertising) and 3.7 (Substantiation).

    We told Simon Stepsys Success International Ltd to ensure that they did not make earnings claims unless they could be substantiated, and not to claim that selling was not involved in an opportunity if that was not the case.

    I suspect that serial ponzi promoter Simon Stepsys will/has not adhere to the ASA warning.

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  4. Tony H: I suspect that serial ponzi promoter Simon Stepsys will/has not adhere to the ASA warning.

    Why would he? He’s never adhered to the pother warning he got years ago.

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