A bulletin board accessible only through the back offices of members of the purported “OneX” program includes a message that the program has disabled a “Transfer Funds” option because a “recent investigation” has determined that members “have been depositing funds from stolen credit cards and transferring this tainted money to hundreds of other members of the organization,” a source tells the PP Blog.
The bulletin-board announcement was dated yesterday and attributed to “the administration.” No OneX owner or operator was identified in the announcement, but members of OneX were told there was no choice left “but to disable the ‘Transfer Funds’ option indefinitely,” according to information provided by the source.
AdSurfDaily President and accused Ponzi schemer Andy Bowdoin emerged Monday as a OneX pitchman.
There was no corresponding announcement on the site that OneX or its staff had alerted authorities that members were joining with stolen credit cards, the source said.
Who conducted the “investigation” — the company or some other entity — was not made clear in the announcement.
“The Company must take a hard stance against this type of financial fraud in the interest of those hardworking, honest members who are legitimately building their businesses and depend on the survival of this Company for all the great financial opportunities that it represents,” the post on the bulletin board claimed, according to the source.
OneX is a purported 4×4 matrix linked to a purported 3×9 matrix known as QLxchange that purportedly operates from Panama through a server purportedly located on Isle of Man in the Irish Sea.
In a webinar Monday, Bowdoin told ASD members that they could earn $99,000 “very quickly” through OneX, a program he intended to use to pay for his criminal defense.
Bowdoin, who has participated in at least three webinars this week in which he sang the praises of the purported opportunity, was charged with wire fraud, securities fraud and selling unregistered securities last year.
In 2009, an autosurf known as AdViewGlobal (AVG) reportedly disabled a button that permitted members to transfer money to other members. AVG, which had close ASD ties, purportedly was based in Uruguay.
OneX purportedly has 750,000 members.
On Monday, Bowdoin claimed God had led him to his strategy of using OneX to raise defense funds for his Ponzi battle against the government.
“I believe that God has brought us OneX to provide the necessary funds to win this case,” Bowdoin said.
A PP Blog reader (“Tony”) reported at 6:45 p.m. EDT today that a OneX/QLxchange-related “press release” dated Oct. 11 had appeared on PRLog, a news-release distribution site. The release, which also referenced cash-gifting and a “pay it forward” strategy, was attributed Bryce Jackson, a purported “Business Mentor” and “Success Coach.”
“God truly wants you to be a blessing to other people during these bad economic times,” the release read in part.
Links in the press release lead to sites where people who register reportedly are given information about OneX/XLxchange. One of the sites is called “godsmoneyfeeder”; another is called “whatablessing.”
Bowdoin also is promoting a “pay it forward” theme for OneX, according to his webinar remarks.
In essence, “pay it forward” — also known as PIF or “benefactoring” — is a practice by which money theoretically stays in constant motion and flows to schemes because sponsors pay fees for recruits and encourage recruits to to the same for their recruits.