MegaLido

UPDATED 2:46 P.M. ET (U.S.A.) And to think a cheerleader for AdSurfDaily once boasted online that Megalido was “offshore” and therefore safe from government meddling, after earlier suggesting that ASD members who did not support the company after Ponzi allegations surfaced perhaps would get dragged off in handcuffs while supporters remained free.
To further chill ASD [...]

EDITOR’S NOTE: This list summarizes several programs pushed by members of AdSurfDaily, a Florida company implicated in an alleged $100 million Ponzi scheme. In some cases, the programs were pushed prior to the seizure by the U.S. Secret Service in August 2008 of 15 bank accounts linked to ASD or Golden Panda Ad Builder, one [...]

You’ve seen the ads or heard the pitches trying to persuade you to put money in “offshore” ventures such as the AdViewGlobal, AdGateWorld and MegaLido autosurfs. You’ve been told they were safe. You’ve been told the people who run them are out of the reach of U.S. securities regulators and law-enforcement agencies.
And you’ve been told [...]

Upstart surfing company Paperless Access “was not accurately presented” to Andy Bowdoin, who made the decision to ask the company to remove a video that starred Bowdoin, a Mod at the Pro-ASD Surf’s Up forum reported tonight.
The Mod said Paperless Access had been banned as a topic for forum discussion, advising members that, if they [...]

Ning.com sites by David Courtney that promoted autosurfs have been taken offline without explanation. It is unclear if the removal is permanent, but sites for MegaLido, AdGateWorld and BizAdSplash went offline last night and remain offline this morning.
“This social network has been taken offline by its owner,” each site said. “It’s likely that the owner [...]

By coincidence the words appear in the 13th paragraph of a Chicago Tribune story invoking investors’ sustained lack of luck and reporting on a new series of Ponzi schemes the U.S. Commodity Futures Trading Commission is investigating.
The words were spoken by Gregory Mocek, former CFTC enforcement director, and are the most important words spoken to [...]

In the weeks following the seizure of cash and property linked to AdSurfDaily Inc., some former members of ASD turned their attention to promoting MegaLido.
MegaLido was pushed as a safe, offshore alternative to ASD and Golden Panda, and a way to make up ASD/Golden Panda losses that stemmed from the government seizure of cash and [...]

Back in August we began to cover AdSurfDaily Inc., a Florida company accused of being an illegal enterprise. Federal prosecutors said ASD, an autosurf, was selling unregistered securities by calling itself an “advertising” company and running a $100 million Ponzi scheme.
A sister site, LaFuenteDinero, was named in the same federal forfeiture complaint. So was GoldenPandaAdBuilder, [...]

EDITOR’S NOTE: This is a guest column by “Entertained,” a business person who applies (and relies on) mathematics in his professional life. Apply his “Black Box” method to put autosurf, gifting programs and other “opportunities” to the sustainability test. “Entertained” explains the method and puts AdSurfDaily to the test in this post.

The Black Box [...]

Reports online suggest MegaLido members are receving paltry refunds of less than 10 percent from the payment processors they used to fund their MegaLido accounts
The precise percentage of the refunds is unclear. What is clear is that MegaLido is yet another autosurf that went bust.
MegaLido was widely promoted by members of AdSurfDaily in the aftermath [...]

Members of an autosurf known as DailyProfitPond are reporting the website is offline and that they fear they’ve lost their money.
DailyProfitPond is yet another autosurf that launched in the wake of the August seizure of tens of millions of dollars and real estate linked to Andy Bowdoin’s AdSurfDaily, also known as ASD Cash Generator.
One [...]

We’ve written previously that members of an autosurf known as MegaLido had reported their support requests had been ignored and they they were seeking refunds from AlertPay and SolidTrustPay.
MegaLido members now say the site itself has gone offline.  The paid-to-surf site rose to prominence in the weeks after the government seizure of AdSurfDaily’s assets, with [...]