BizAdSplash Site Relaunch Delayed; Clarence Busby Does Not Explain Why, But Says ‘Instant Money’ Available Soon
Although BizAdSplash (BAS) said last week that its new website would be up and running yesterday, the launch did not come off as advertised.
A video featuring BAS “chief consultant” Clarence Busby appeared on the old site today, but Busby did not explain the delay in launching the new site. The video opened with Busby watching what he described as the new site in a computer monitor, as piano music played in the background.
Busby then greeted viewers with a Mister Rogers-like “Hello there,” and proceeded to explain that exciting BAS developments were in the offing.
Clarence Busby turns to address video viewers. The content visible in the computer monitor purportedly is the new BizAdSplash website.
By the middle of August, he promised, the company would show members how to make “instant money, very, very quickly.”
Busby, who ceded more than $14 million to the U.S. government in a forfeiture case last year involving Golden Panda Ad Builder, his previous company, and AdSurfDaily Inc., implored customers to continue to believe in BAS. Busby did not mention Golden Panda or ASD. Nor did he mention his run-in with securities regulators who accused him in the 1990s of pushing three prime-bank schemes by promising returns of up to 10,000 percent.
“None of the investors earned the exorbitant returns promised by Busby, the SEC said in May 1998, after U.S. District Judge Thomas W. Thrash ordered Busby not to break securities laws.
“I’m not going to let anybody have a loss” in BAS, Busby said in today’s video. He claimed BAS already had paid out “over $2 million,” but did not say how much the surf firm had collected from customers since its launch early this year.
“We need you to believe in us,” Busby said. “You’ll see why we’re excited. You’ll see why it’s important to hang on.”
I guess we’ll find our soon enough if anyone online has “Stockholm Syndrome” or is addicted to losing money. I’ve spoken to a cop or two who’s stated that victims know they are being scammed but can’t help themselves….they keep signing up with the same scammers thinking “this will be the one”. I hope not…
I had invested money in BisAd splash under my daughter, Carrie Ballard. We were promised that since this company was closed down, we would receive our money back. I have yet to hear anything from this company. Sounds like this has been a hugh scam. I would appreciate a reply as to why money has not been returned.
Becky Glasgow
Lodi, CA
I am mistaken, I had invested money in Golden Panda under my daughter, Carrie Ballard. Was told money would be returned – but no word or information.
Hi Becky,
Here is some info:
http://www.usdoj.gov/usao/dc/Victim_Witness_Assistance/files/July%2027,%202009%20-%20GP%20Forefeiture%20Granted.pdf
Patrick
Becky, although the US Government have, on this ocassion, agreed to return the monies to the victims of the Golden Panda scheme, this is not legally orbligatory. It is a sign of goodwill by the Government, who recognised that there ARE victims and not all “investors” understood what they were getting into – an illegal ponzi scheme.
Clarence Busby decided not to contest the forfeiture of some 14$ million dollars and the Judge has now signed off the case and the money is officially foreited and in the hands of the US Gov. If you go to the link that Patrick has put in the previous post, you will see the procedure for applying to recover some, if not all, of your money. Before this is returned, the Go9vernment will have to process all the claims and reconcile them with the records of the Golden Panda scheme.
Biz Ad Splash is another issue. It was not sugject to the forfeiture of funds by the Government and there is no money in the hands of the authorities to be returned to any investors (or ad puchasers). It seems to be going the way of all autosurfs – bust. There will be no recourse for members, other than suing the owners or their uplines, as BAS is effectively an illegal ponzi.