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Tag: Aggero Investment

  • Surf’s Up: ‘Paperless Access’ Misrepresented Itself To Bowdoin

    The Paperless Access video starring ASD President Andy Bowdoin went missing because the company misrepresented itself to Bowdoin, according to a Mod at the Pro-ASD Surf's Up forum.
    The Paperless Access video starring ASD President Andy Bowdoin went missing because the company misrepresented itself to Bowdoin, according to a Mod at the Pro-ASD Surf's Up forum.

    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 wanted to talk about it, to “please start a group in the Business Center!”

    With those words, Surf’s Up closed the thread to discussion. The forum had deleted at least three previous threads about Paperless Access and the Bowdoin video in recent days.

    Many ASD members expressed outrage after Bowdoin appeared in the video. Tonight members were questioning why Bowdoin sent a broadcast email for Paperless Access today, after declaring it did not accurately represent itself to him and deciding to ask the company to remove the video.

    Bowdoin, whom lawyers said today had managed for more than two months to avoid being served a lawsuit accusing him of racketeering, enraged some ASD members by appearing in the video.

    He pitched Paperless Access as a way ASD members could recapture money seized by the U.S. Secret Service last year amid allegations of wire fraud, money-laundering and operating a $100 million Ponzi scheme.

    A Blog reader, “Joe,” reported this evening that Paperless Access is registered as a Wyoming corporation. We confirmed the registration through the state database.

    “Joe” also reported that the company appears to be trading on Ponzi pain, saying it had positioned itself as an outlet for people who “had income seized by the government for buying advertising” or people who know people who’ve had income seized by the government.

    Paperless Access even has an acronym for seized money: LAL, which stands for “Legal Advertising Losses.”

    At the same time, “Joe” said he visited the site and found that seven out of 25 sites he viewed in the advertising rotator were not compliant with the Paperless Access Terms of Service. This computes to a noncompliance rate of 28 percent.

    Plenty of surfs have failed in recent weeks and months, including Aggero Investment, Premium Ads Club, MegaLido, Frogress, Daily Profit Pond and others.

    Promoters pitched some of the failed surfs as a remedy for ASD’s woes.

    Surf’s Up did not explain how Paperless Access had misrepresented itself to Bowdoin. The video was pulled a few days ago.

  • Sign Of The Apocalypse? Ning.com Surf Sites Removed

    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 will bring it back online shortly.”

    The sites have been offline for at least 11 hours.

    Courtney also promoted Noobing, which is under fire from members for collecting money, paying rebates of up to 3 percent for a while, and then slashing rates to a fraction of 1 percent. Noobing blamed the rate cut on an unclear ruling in the ASD case and implored members to complain to the government.

    The surf also is under fire from the deaf community.

    Courtney said he’ll no longer write about Noobing in his newsletter, and he also announced that he won’t publish information about AdViewGlobal to protect members of a newly formed private association. Meanwhile, Courtney said he’d no longer publish information about the rebate-paying histories of AdGateWorld or BizAdSplash.

    At the same time, Courtney announced he was down on Aggero Investment, which crashed and burned over the weekend after collecting money until the bitter end.

    “Roger from Aggero really dropped a bomb on us over the weekend,” Courtney said. “Whereas just 13 days prior Roger was saying how great and wonderful everything was going, and even raised the maximum investment from $3,000 to $5,000, a mere two weeks later he announced that the program was in trouble and that he was closing.

    “This announcement was further shocking due to the fact that just a couple of days prior, Roger announced that Premium Ads Club was closing up but that those of us in Aggero had nothing to worry about. Less than 48 hours after that announcement, he told us that Aggero was in fact having problems.”

    In other ASD news, an ALL-CAPS POSTER named “David” — not David Courtney — screamed in multiple threads at the Pro-ASD Surf’s Up forum last night for people to wake up and not let ASD’s big winners hang onto their ASD money.

    David implored the winners to turn over their earnings to the government so ill-gotten gains could be distributed among the rank-and-file losers. One poster assured David that the winners weren’t acting in their own self-interest by trying to rally troops to write letters and rail against the government.

    But David didn’t buy it, and continued to post in ALL CAPS. A poster then appealed to the Mods to shelter Surf’s Up members from the high truths he was telling. Eventually his posts were deleted.

  • Aggero Investment Surf In Slow-Mo Tank On Heels Of Earlier Failure Of Premium Ads Club: Bad Week For ‘Industry’

    Earlier this week we reported on the failure of Premium Ads Club (PAC). Now a surf with close ties to PAC is in its death spiral. Aggero Investment says tomorrow will be its last day, absent a miracle that will prevent a run on the bank as investors race to collect returns advertised at 60 percent a month, on top of bonus returns.

    Like PAC, Aggero Investment collected money right up to the bitter end, assuring investors that things were just fine and that external investments paying astronomical returns made Aggero Investment’s merely collossal returns possible.

    Aggero Investment relied on some of the same promoters as AdSurfDaily (ASD), the Quincy, Fla,-based autosurf that had nearly $100 million in assets seized by the U.S. Secret Service in August amid allegations of money-laundering, wire fraud and running a Ponzi scheme.

    ASD had more than $250 million in unfunded liabilities at the time of seizure, prosecutors said. ASD, however, tried to tell a federal judge that it had no liabilities because rebates weren’t guaranteed.

    The judge didn’t buy it.

    The usual script is in play on the Ponzi boards in the wake of the Aggero Investment collapse. Some posters are angry and bitter. Others are urging calm, advising participants not to file claims through SolidTrustPay, a Canadian payment processor fond of surf fees, because claims could make it harder on everybody. Still others are hoping Aggero Investment will slash payouts to something more “reasonable,” suggesting that 30 percent — what ASD paid monthly — might be the ticket.

    Yet others are referring to the electronic Ponzi-scheme business as an “industry,” positioning themselves as experts and the voices of reason. Serial promoters in the “industry” all have exposure — both to civil and criminal litigation — and routinely spin surf failures as nothing to get all worked up about.

    It has been a bad week for surfs. AdViewGlobal (AVG), which has management in common with ASD, desperately is trying to get undergound. Its new gambit is to form a private asssociation and dispatch shills to rail against the government in a bid to make its exposure go away and deflect from the central issues of the autosurf prosecutions: the sale of unregistered securities by wire in a Ponzi environment.

    The Pro-ASD Surf’s Up forum, which also is shilling for AVG, can’t delete posts that shed light on this soulless business fast enough these days. Some Surf’s Up members were electrified this week when ASD members used a litigation template by Curtis Richmond to file motions to intervene in the ASD case.

    Richmond and his co-litigants are accusing the judge and prosecutors in the ASD case of crimes, and its music to the ears of the Surf’s Up crackpots. Never mind that Richmond is associated with a sham Utah Indian tribe that was sued successfully under federal racketeering statutes for nuisancing federal judges with vexatious litigation.

    And never mind that Richmond has a conviction for criminal contempt of court for threatening federal judges, has been banned from the practice of law in Colorado despite the fact he’s not an attorney, and describes himself in court documents as a “Sovereign” who answers only to Jesus Christ and enjoys diplomatic immunity from prosecution.

    His theory of diplomatic immunity didn’t play well with a federal judge who ordered Richmond and other members of the sham tribe to pay nearly $110,000 in damages and costs to victims of their litigation schemes. And it didn’t play well with another federal judge who found Richmond gulity of criminal contempt of court and sentenced him to six months of home confinement with electronic monitoring and five years’ probation.

    This week has featured the collapse of Aggero Investment and Premium Ads Club, and a renewed commitment by AVG and Surf’s Up to take the absurdity to new levels — on the heels of a bonus program to get new money into the AVG system, of course.