DailyProfitPond: Another Autosurf Offline
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 ad we viewed from a DailyProfitPond promoter said it was possible to start with $12 and turn it into $12,000. The “return” was listed as 150 percent over 30 days. DailyProfitPond’s website now is returning an “Address Not Found” error.
An autosurf known as MegaLido also will not load pages. Some MegaLido members said they were out hundreds or thousands of dollars.
WOW! It doesn’t matter what bait is thrown out there, these Ponzi fish just keep biting.
Christmas is the traditional graveyard for Ponzi’s as people want to spend all that money they were allegedly making.
Hi dirty_bird,
Thanks for the note on Ponzis packing up near Christmas. One of the boards I visited yesterday is going to solve the problem by enrolling people in cash-gifting programs.
Here’s the flow chart:
ASD seizure –> Opportunists enter the vacuum to “help” people by promoting MegaLido –> MegaLido shows signs of demise –> Opportunists enter the vacuum to “help” people by promoting other autosurfs, including DailyProfitPond –> MegaLido tanks –> Opportunists enter the vacuum to “help” people by promoting autosurfs — DailyProfitPond goes down –> Opportunists enter the vacuum to “help” people by promoting autosurfs that are “still paying,” plus cash-gifting programs.
Actually, I’ve noticed that the opportunists push cash-gifting just about any time an autosurf is failing, positioning the programs as a critical cog and part of a diversification strategy.
Noticed one guy yesterday who was dominating a MegaLido forum with a cash-gifting pitch.
Take care.
Patrick
Just my opinion
Every investment is a Ponzi to a certain extent. Though I hate when people loss their money to scams, people are constantly losing money on the stock market also. Every company, HIYP, or Autosurf program is a risk regardless of what market they are in.
Thousands of companies start up daily and are gone in six months to a year, but is investing in these companies a scam, no, it is a risk and the people that invest know it is a risk. The people that understand risk are the people that gain the most financial freedom.
It is in my opinion that if you enjoy taking risks and do not become emotionally involved when you loss or gain, then keep doing what you have been doing. You will hit the right one eventually and you will see the
payoff.
Erik
Erik,
Your analogy is seriously flawed. Yes, businesses fail every day, but in a legitimate business an honest effort to create some value added product is made, legitimate companies make widgets of some kind or another and the fact is the majority of them fail to do it profitably for more than a few years. Publicly traded companies must by law provide very detailed disclosure of who they are, what they do, how they intend to run the business and all of their financial statistics must be provided on a regular basis. In most cases, they divide up profits and pay a dividend at regular intervals and if you look at them you’ll see the dividend is a small fraction of the cost of one share of stock on an annual basis. Some companies do not pay a dividend but investors expect the price of the stock to rise instead, not on a daily basis but over a course of years. This is how a real business runs and how real investors make money. It takes time, effort and a little bit of luck, but the important part is with very rare exceptions, legitimate businesses don’t make the investors rich from a very small contribution in a very short period of time.
Comparing a HYIP or an autosurf in any way to a real business is an insult to the intelligence of real investors. It’s one thing to make a go of it and fail, but telling lies to get people to send you money to operate a business that is mathematically impossible is another thing altogether, fraud, plain and simple.
No one has proven it “mathamaticly imposible”
Has anyone provoen that ASD or AVG is impossible?
Todd:
In regard to your question regarding has anyone proved ASD was and is mathematically impossible, the answer is yes. Only the die-hard true believer’s of Andy and ASD refuse to acknowledge it to be true. They still believe a company can pay back the minimum of 25% more than someone paid for a product, and in some cases the payback exceeded 60%, and could remain a viable business.
So the next time you go to any store and buy something, ask them to pay you back 1% of your purchase price per day for 125 days. See what they say.
For your information, ASD would have run out of money about the middle to end of October had the government not stepped in and froze Andy’s money. You do realize it was all Andy’s money don’t you? For every dollar ASD took in, its liability was 2.25% higher than the money received. Now do you really believe that a company could stay in business giving back more money than it was taking in every day? Don’t give me this the rebates were not guaranteed BS. That was nothing more than a convenient attempt to try and make ASD look legitimate.
As for AVG, even if they have all the various revenue streams they claim, they are still selling unregistered securities, and it makes no difference where they are registered. As long as they sell anything to any U.S. Citizen, they are subject to U.S. laws. Contrary to what they say, and their saying it does not make it true. Wishful thinking, but not true. As for their being able to sustain their level of payouts, even they cannot sustain that level of payouts for any extended period of time before they too run out of money to make good on their promises. They have done nothing more than put a dress on a pig and tried to claim it is a woman.
Totally right Lynndel ! “Salute” :)
Even without getting deep into math, the sheer RATIONALE of a “paid to surf” program being unable to sustain itself on its own is a given, simple as that.
As for AVG, is this not the “evil twin” of ASD ? Hello ??
I am watching them from afar and so far see NO “outside revenue providers” who are marketing and selling TANGIBLE products on their website which would serve to undergird and ensure a solid base for their business to sustain itself on a. and b. but moreover give it a LEGAL BUSINESS complexion. Apparently former “big wheels” from ASD are the authors of this “AVG” and what are they doing ? Ha ! they are applying Andy’s business model, only they’ve giftwrapped it to gain ASD’s losers good graces !
Are people who sign up for that that gullable or do they just pretend to be “until the next teardrop falls” ???
Hi curious.as.a.cat,
One of the arguments I read for ASD and, by extension, AVG, is that the collection of a single dollar beyond member fees takes the government’s argument off the table.
That’s not the case, of course. Entertained’s Black Box model demonstrates just how fallacious some of the “it’s not a Ponzi” claims are.
Many autosurfs — perhaps most — are Ponzis upon launch or soon after. They rely on the so-called “80-20” rule to keep money in the system, even using the word “reinvest” to describe the 80 percent that remains in play, while insisting the autosurf is selling “advertisements,” not investments.
Then they rationalize their use of investment language by saying that “advertising” counts as a business investment. It’s just another part of the wink-nod nature of autosurfs.
Heck, if one reads the ASD forfeiture complaint, there are examples of people:
1.) Declaring it a Ponzi, but still offering referral links.
2.) Insisting that people avoid use of the term “investment” because it could lead to trouble, but still offering referral links.
3.) Saying the “advertising” element is a joke, but still offering referral links.
Wink-nod. Wink-nod. Wink-nod.
In the ASD case, though, the government has neatly boxed-in the wink-nod participants. ASD is permitted to show ads, meaning if somebody has $100,000 worth of “ad packs” in the system, he or she could start losing them one painful $1 click at a time because rebates weren’t guaranteed.
Patrick
Patrick
[…] DailyProfitPond: Another surf pitched by ASD members in aftermath of seizure. DailyProfitPond tanked in December 2008, in the days leading up to Christmas. One DailyProfitPond promoter said it was possible to start with $12 and turn it into $12,000. The “return†was listed as 150 percent over 30 days. […]