Complaint Review: Asd Cashgenerator And La Fuente De Dinero (money Fountain) - Nationwide Internet
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- Asd Cashgenerator And La Fuente De Dinero (money Fountain) Quincy,Florida Internet U.S.A.
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Asd Cashgenerator And La Fuente De Dinero ,money Fountain Still wondering if its a scam... Nationwide Quincy,Florida
*Consumer Comment: The news is very, very bad........
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Around one month ago I was approached by two honests friends who got their money back in 15 days after joining asd cashgenerator and lafuente dinero...they are a couple and opened an account in both sites,it worked for them,I saw the checks they got from asd.
They were fine,so I signed up (July 12/08 at a rally in Miami)and put down an amount of $240 that finally turned into $250 in almost three weeks.Last week the sites were put down by the attorney of Columbia and we members were not able to contact,get answers or are allowed to surf our daily ads in order to earn based on investment.
Like two weekes ago I started sending them my emails to find out why I wasn't getting my earnings immediately after upgrading but never got an answer,unfortunately the recent shutoff happened and they had to stop any activity(both sites).
The idea of Andy Bowdoin of building an internet site where the members are commited to watch others members advertising sounds good to me because it promotes their business besides the earnings based on investment or free membership...it moves up small entrepreneurs,professionals and homebusiness into 15 seconds of "stardom".
After all these years I myself, found out that the e-commerce is moving up and retail stores are competing against this reality!I started to think of opening a site and start offering something to sell...isn't it something positive?
I still would like to think that they are facing small obstacles and everything is going to be okay in the near future.I hope other people can add their reports to finally find the truth about ASD Cashgenerator.com and Lafuentedinero.com.
Nicelatina
miami, Florida
U.S.A.
This report was posted on Ripoff Report on 08/06/2008 09:27 AM and is a permanent record located here: https://www.ripoffreport.com/reports/asd-cashgenerator-and-la-fuente-de-dinero-money-fountain/internet/asd-cashgenerator-and-la-fuente-de-dinero-money-fountain-still-wondering-if-its-a-scam-359810. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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#1 Consumer Comment
The news is very, very bad........
AUTHOR: Truthteller - (U.S.A.)
SUBMITTED: Wednesday, August 06, 2008
DOJ Files Complaint Against Online Ad Firm
The U.S. DOJ wants to seize the property of a Florida Internet-based company operating an alleged Ponzi scheme.
Grant Gross, IDG News Service
PC World
Wednesday, August 6, 2008; 1:19 PM
The U.S. Department of Justice is seeking to seize two houses and US$53 million from the owner of an Internet-based business allegedly engaged in a "massive" Ponzi scheme, the agency said.
The DOJ on Tuesday filed a civil forfeiture complaint in U.S. District Court for the District of Columbia, seeking to keep property owned by Thomas Bowdion Jr., owner of AdSurfDaily, which operates AdSurfDaily.com, ASDcashgenerator.com, Lafuentedinero.com and Goldenpandaadbuilder.com.
The complaint, filed by U.S. Attorney Jeffrey Taylor, says that the property and money, seized by the U.S. Secret Service on Friday, are forfeitable to the U.S. government. AdSurfDaily, operating out of a flower shop in Quincy, Florida, allegedly operated an online advertising campaign that paid investors to have Web pages delivered to their browsers.
The AdSurfDaily business model purportedly generated advertising revenue by automatically rotating advertised Web sites into its investors' Internet browsers. The company agreed to pay a return of 125 percent to 150 percent on each dollar invested, as long as each investor agreed to view a couple of Web sites for a couple of minutes each day.
The DOJ called the program a so-called Ponzi scheme, in which money from new investors is used to pay off earlier investors until the whole scheme collapses.
AdSurfDaily did not operate as a seller of advertising services and there was no legitimate product being sold to support the profits the company promised to pay to its investors. AdSurfDaily was creating no significant new wealth by selling advertising to purchasers outside of its investor-members, and the only profits gained by any participant and Bowdoin was investments lost by other participants, according to the complaint.
Callers to AdSurfDaily's headquarters Wednesday were greeted with a voice message, saying the U.S. Attorney's Office for the District of Columbia has stopped the company from making payments. AdSurfDaily's lawyers have advised its customer service representatives to not answer the phone and to not comment on the investigation, the message said.
"We have some of the best legal minds in the nation working to resolve our issue just as soon as possible so that we can return to normal operation," the message added. "Until it's resolved, keep the faith. If God be for us, who can be against us?"
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