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.