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Tag: AdViewGlobal. AVG

  • Reports: BizAdSplash Slow On Payouts To Surf Members

    UPDATED 6:04 P.M. EDT (U.S.A.) Could BizAdSplash (BAS), a surf site associated with Golden Panda Ad Builder President Clarence Busby, be following Golden Panda, AdSurfDaily and AdViewGlobal (AVG) into the great autosurf graveyard?

    Busby recently ceded $14 million to the U.S. government as part of the ASD investigation.

    There are reports today that BAS is behind on payments to members. In the recent past, the BAS surf site has been offline for an extended period of time. The surf also urged members not to contact vendors associated with its use of MasterCard with any questions about the BAS program.

    On May 13,  BAS, which purports to be registered in Panama, registered Articles of Organization as a Limited Liability Company (LLC) in Georgia. The surf used an address at UPS Store No. 2644 in Kennesaw, Ga., as its mailing address.

    Why the company purports to be headquartered in both Panama and Georgia is unclear. Some BAS promoters advised customers to send checks and money orders to the Georgia address and to note their BAS usernames and member names on the checks and money orders.

    Joyce Haws, listed in court documents as one of the founding members of Golden Panda Ad Builder, recently was involved in pro se litigation in the ASD/Golden Panda forfeiture case.

    A federal judge ruled last week that the pro se litigants who tried to intervene in the forfeiture case had no standing.

    Although BAS said it recently did away with bank wires, it says it accepts personal checks, business checks and money orders, along with  accepting money from offshore processors AlertPay, StrictPay and SolidTrustPay.

    On its website, BAS does not identify its management team. But its Georgia filings identify Clarence Busby as registered agent.

    Visitors to the BAS website read that it is “an international corporation which functions by utilizing a team of business professionals who are using their expertise and experience to build a successful company. Many of our professionals have additional involvements so to avoid conflicts of interest we do have some non disclosures in place to protect their privacy.”

    In the recent past, the surf has used matching bonus programs to entice new business.

    AVG, which debuted online after the BAS launch, recently announced the suspension of member cashouts and mandatory participation in an 80/20 program should cashouts resume. Like BAS, AVG also used matching-bonus programs. AVG said it lost at least one wire account because members had wired too many transactions in excess of $9,500.

  • AdViewGlobal Promoter Says Prospects Can Bypass Company And Purchase Ad-Packs Directly From Sponsors To Ensure They Get Credited With 200 Percent Match Before Deadline

    An AdViewGlobal (AVG) promoter has shared a strategy that potentially could cause a legal calamity for individual AVG promoters and members. The member posted his strategy on an AdViewGlobal forum set up by some Mods and members of the Pro-ASD Surf’s Up forum.

    AVG, which purports to be headquartered in Uruguay and also is known as AVGA, launched a new website Monday, redefining itself as a full-fledged advertising company with a host of services. Within hours, the surf firm announced that a 200 percent, matching-bonus program would end June 5, not June 29 as originally advertised.

    AVG prospects and existing members expressed concern that they would not be able to get their accounts credited with purchases or the bonus before the June 5 deadline. The new deadline shaved 24 days off the original deadline.

    One AVG promoter, however, said there was a workaround by which established program sponsors could serve as a conduit for AVG.

    Under the workaround, established sponsors could gather money from individual prospects, deposit it in the sponsors’ local banks and then send a check by overnight mail to international payment processors in Canada and Panama.

    Alternatively, the sponsors could use their local bank’s wire facility to wire money to the processors, the promoter explained.

    Once the offshore payment processors credited the sponsors’ accounts, the sponsors could transfer the money to AVG and use AVG’s internal system to transfer ad packs to the prospects’ accounts in the amounts they desired to purchase, ensuring that the matching bonuses also would be credited by the June 5 deadline.

    “Many new members may or may not be able to become verified AND have their account funded in time to qualify for the match,” the promoter said. “So as a sponsor what you can do is bank wire or overnight your payment processor ([SolidTrustPay] or [StrictPay]).

    “You are guarantee[d] to have it into your account by Friday. Once it hit[s] your account, log into backoffice and ‘Fund your AVGA account’. This will bring the money into your cash balance. Once it’s in your cash balance, then you can INSTANTLY transfer it to your members. Once money hits their account, they can make a purchase and “BAM” get[] the 200% match.

    “You can have your members wire you their funds or whatever the 2 of you decide upon,” the promoter continued.

    “Unless [there] is a direct wire to AVGA for funding, this is probably the best way that I can see that you can help all your present AND new members get the 200% match,” the promoter said.

    Such an approach potentially brings many issues into play at the individual level, including mail fraud, wire fraud, money-laundering, tax evasion, selling unregistered securities and acting as a securities broker-dealer without a license.

    Some members of AdSurfDaily, a Florida company accused of wire fraud, selling unregistered securities and operating a Ponzi scheme, also gathered money directly from prospects and used ASD’s internal system to transfer credits.

    ASD’s internal laxity and inability to post purchases in timely fashion led to assertions that individual promoters could use the company to make tax-free side deals with prospects. If a promoter already was in “profit” and had a stockpile of ad-packs on the books, he or she could sell the ad-packs at a discount to prospects, transfer the ad-packs to prospects using ASD’s internal system and pocket the cash.

    The prospects would “earn” at ASD’s advertised rate, even though they paid less than others for ad-packs by purchasing through sponsors and bypassing the company. Other ASD members who had paid full price through ASD would inherit the burden of paying for the discounted ad-packs and their full “earning” potential.

    Collecting money from prospects and transferring ad-packs using AVG’s internal system may be problematic even if the ad-packs aren’t offered at a discount. The government views the autosurf business model as foundationally corrupt, and makes no secret that participants are subject to prosecution under securities, wire-fraud, mail-fraud, money-laundering and racketeering statutes.