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Tag: MyAdvertisingPays

MyAdvertisingPays Claims $60 Million Theft At Hands Of VX Gateway, A Payment Processor

In a 23-page lawsuit filed Dec. 1 in federal court for the Southern District of Texas, the MyAdvertisingPays “program” claims it has been ripped off to the tune of $60 million by VX Gateway, a payment processor with alleged business divisions in Texas, Panama and the United Kingdom. The complaint does not say whether MyAdvertisingPays has reported the…

Dec 6, 2016
Private Attorneys Now Investigating Traffic Monsoon

UPDATED 1:15 P.M. EDT U.S.A. It has happened in previous cases involving alleged violations of federal securities laws, and now it’s happening with Traffic Monsoon. “The Peiffer Rosca Wolf law firm is investigating Traffic Monsoon, LLC and Charles Scoville’s alleged Ponzi scheme on behalf of investors – whom Traffic Monsoon called ‘members,’” the firm said…

Aug 11, 2016
Individual Linked To Payment Processor For ‘MyAdvertisingPays’ Scheme Listed In Panama Papers

Roger Alberto Santamaria Del Cid, an apparent nominee director for offshore companies who is listed as a corporate “subscriber” for VX Gateway in Panamanian business records, is referenced at least three times in the “Panama Papers.” The PP Blog discovered the Del Cid listings today. On Monday, the International Consortium of Investigative Journalists made its database of…

May 11, 2016
Banners Broker Figure May Be Using ‘Sovereign Citizen’ Tactics On Canadian Court Officials

Remember when Simon Stepsys — now with the cross-border MyAdvertisingPays scheme — was pushing the uber-bizarre Banners Broker cross-border scheme? New court filings in Canada by the receiver and liquidators in the Banners Broker case now estimate the total haul of the alleged double-your-money pyramid scam at more than $156 million. That’s up from an…

Apr 15, 2016
MyAdvertisingPays Incorporated In Jurisdiction Mentioned Prominently In ‘Panama Papers’; Its Payment Vendor Lists Individuals Referenced In At Least 2 Spectacular Fraud Schemes

8TH UPDATE 11:53 P.M. EDT U.S.A. Before we get to the news that a federal judge took only a day to dismiss an April 6 libel lawsuit filed by the MyAdvertisingPays (MAPS) scheme and operator Michael E. Deese against the TaraTalks Blog, we’ll note that the 16-page complaint confirms that MAPS is incorporated in Anguilla. Anguilla is…

Apr 14, 2016
At Chicago Symposium, SEC Highlights Pyramid Scheme Task Force And Notes ‘Whack-A-Mole’ Nature Of Online Scams

“These frauds are easily duplicated, and at times, we find ourselves playing ‘whack-a-mole,’ chasing the same set of fraudsters who, after feeling a bit of heat, simply close down one scheme and quickly set up a new one under a different name.” — Andrew Ceresney, SEC Enforcement Division director, March 2, 2016 EDITOR’S NOTE: Type…

Mar 2, 2016
BULLETIN: MyAdvertisingPays (MAPS) Again Referenced In TelexFree Litigation; Lawyer Calls It A Ponzi Scheme While Calling Simon Stepsys A ‘Ponzi Mogul’

BULLETIN: (6th update 7:23 p.m. ET U.S.A.) Class-action lawyers pursuing claims against TelexFree promoters have called the My Advertising Pays (MAPS) “program” a Ponzi scheme and described MAPS promoter Simon Stepsys as a “Ponzi mogul.” The case itself is not against MAPs. Even so, the lawyers now have made repeated references to MAPs and are lambasting the serial…

Jan 26, 2016
MyAdvertisingPays Pulls Out Of America, Leaving U.S. Affiliates In The Lurch; Cross-Border Scheme Alleges Libel, Defamation

EDITORIAL: In April 2015, the PP Blog reported that a promo on YouTube put words in the mouth of President Obama and depicted him as a pitchman for MyAdvertisingPays, a cross-border scheme with promoters in common with the alleged Zeek Rewards and TelexFree Ponzi- and pyramid schemes. “My AdvertisingPays pays its members every 20 minutes,” a mimicked…

Oct 16, 2015
SHADES OF ZEEK: Prospective Class-Action Defendant Tells Judge TelexFree Was Operating A Tax Scam

In October 2014, federal prosecutors alleged that the Zeek Rewards MLM “program” shut down by the SEC two years earlier was in part a scam that caused “victim-investors to file inaccurate tax returns for phantom income they never actually received.” Now, a year later, a member of the TelexFree MLM scheme shut down by the…

Oct 14, 2015
BULLETIN: Class-Action Proposed Against 20,000 Alleged TelexFree Winners — With MAPS Pitchman As Lead Defendant

BULLETIN: Class-action attorney Robert J. Bonsignore has asked a federal judge for permission to file a third amended consolidated complaint that effectively would sue at least 20,000 “net winners” in the TelexFree scheme shut down by the SEC last year. The proposal would name alleged TelexFree promoter Daniil Shoyfer the lead class-action defendant, effectively making…

Sep 25, 2015
SPECIAL REPORT: MyAdvertisingPays, Zeek Figures Sued In TelexFree Class Action; AdSurfDaily And Zeek Cases Cited Repeatedly; Alleged ‘Private Jet’ Also Referenced In 200-Page Complaint

EDITOR’S NOTE: Certain reports by the PP Blog that are available to any person with an Internet connection are referenced in a consolidated, amended prospective class-action complaint that makes claims against various defendants with an alleged association with TelexFree. Information from other publicly available sites, including BehindMLM.com, RealScam.com and others, also is referenced. The purpose…

Jun 15, 2015