ChrisBailey.info

AKA, let’s watch a ponzi autosurf scam die.

Since I don’t normally peruse all of the HYIP scam promoting sites, I haven’t taken the time to pick one autosurf ponzi early in it’s life and follow it to it’s death.

I was going to do this with Alert Pay Instant at apinstant.com.  Alas, I blinked and the ponzi is now gone.

So I stumbled across Get Daily Paid.  It should suffice as an example.  I’ve never followed one too closely from inception to collapse, but I have wanted to just one time and only one time since every single one of them share the same fate — collapse or shut down by the authorities.

As of today, the site shows a mere $29,400 taken in, so we’re probably catching the ponzi autosurf pretty early.  Also, the domain name getdailypaid.com was just registered on April 15, 2009.

Depending on how well it’s run, it could last just a few days or weeks, or may get a year or two under it’s belt if the admin are really good and people spread the word.

This one is just your typical surf ponzi promising 12% daily return on your investment purchase.  Ooops, it’s not really a promise according to their FAQ.  These criminals are kind enough to warn you that it’s not guaranteed and not to risk more than you can afford to lose.

To hell with the fact that if you are a U.S. citizen, you are breaking the law by playing these ponzi games.  Just do some research on the similar surf ponzi scams Ad Surf Daily or 12 Daily Pro.

Well, that’s all for now.  Let the fun begin.  Don’t blink or you might miss it.

Too funny not to share.

For those not familiar with Bernie Madoff perhaps not as funny.

At least we now know for certain that 419 scammers stay up to date on current events. LOL

Dear Friend ,

I am Mrs.Ruth Madoff, wife of bernard madoff.

I am actually going through some kind of difficult time with my family
right now, as my husband is at the Metropolitan Correctional Center, New
York City.
My husband Sentencing is scheduled for June 16, 2009 and he is likely to
face a maximum sentence of 150 years in prison and $170 billion in
restitution, so there is need for me to move out a lot of my personal
funds and personal belongings around the world , particularly  from
outside America, but i need somebody to trust now, because i cannot
receive funds here in America right now.

I would need your help in acquiring some properties and keeping some large
cash amount for me. but first i would  prefer to chat with you either on
yahoo chat or Skype. if you are not comfortable with yahoo then write me
,so we can communicate via email.

This is very urgent, i would have to entrust a large amount of money into
your hands  and some personal valuables. But this would have to be very
confidential, just between me and you, because the press are after  me
and my husband name all over the headlines, because of his Wall street
business.

Anyway! don’t be scared about the risk, it is a very safe deal i can
assure you of your confidentiality.

Yours Sincerely
Mrs. Ruth Alpern Madoff
Email Contact: ruthmadoff020@live.com

If you’re wondering whether or not Wealthy Affiliate is a scam, so am I.

I’m always very leary of these types of paid membership sites and actually looked over Wealthy Affiliate last year before deciding to pass on it at that time.

This weekend, the topic of Wealthy Affiliate came up while I was chatting with an old forum friend.  He signed up for their course 3 weeks ago and liked what he saw so far, so I decided I would give it a test run myself to determine if it is worth it for me.

Wealthy Affiliate Will Not Make You Rich We will Teach you how to Make Yourself Rich.

Why did I have a change of heart?

To be completely honest, I fully believe that everything we all need to succeed is freely available on the net via newsletters, discussion forums, etc.  My decision to give Wealthy Affiliate a test run was not purely for the educational value, although they do provide significant value in the member area of the site.

If I like it and find enough value, I’ll be happy to promote it wholeheartedly.  Due to the way it is set up, I’ll ultimately have to ask myself the same question MLMers need to ask about their programs, “If there wasn’t a compensation plan attached, would I still be willing to pay for what I’m promoting?”

My main motivation for giving it a shot was to see if it truly helps me have a more structured approach to my marketing.

You see, I have plenty of knowledge rattling around in my brain.  But like most, I have rarely applied it consistently to my marketing.  So my results have been inconsistent.

Technically, I would still be considered more successful than most marketers because I have actually made money online when most never make a dime.  Nothing that I can retire on mind you, but I pull in a few bucks each month.

What I will be doing is going through their 8 Week Action plan step by step and taking advantage of the multitude of resources offered as well as the knowledge shared in the Wealthy Affiliate forums to see how it all plays out.

I’ll be posting my progress or lack thereof on my Work At Home Network site under the Affiliate Programs and Products Testing section.  I’ll be posting once or twice a week with my thoughts.

If you want to try Affiliate Wealth University along with me, feel free.  If you have some thoughts, good or bad, share them with a comment.

BTW, even if it is everything it says it is, there is never a guarantee of success for any of us.  We all have to apply ourselves and put our knowledge to work for the best chance to succeed.  This program is just a tool to help that along, not a magic pill.

Best wishes for your success.

Here we go again.  There’s just a never ending supply of these things out there.

Give us just $100 and we’ll give you $90,000.00 back in 3 short years.  Well, not exactly 3 years, LOL.  From their FAQ:

Q: I use your calculator to see what my return would be, if I invest $100 I do not get it to be the full $90 000 in 3 years as you claim, please explain.
A; We use 1100 days to calculate the return when it is stated as 3 years. This is to give us a few more days as reserve when selling of all the websites in the package. This explains why thee is a small difference in the calculations.

C’mon people.  If you’re anybody other than the usual hyip, ponzi game playing scam lover, you should know to avoid anything that even hints at such a ridiculous payout for doing absolutely nothing.

Much of what they talk about on the Web Builder Web Site Owner(WBWSO) actually makes sense as far as buying sites, flipping sites, optimizing them, etc.  BTW, I’ve also seen some people call it Wealth Builder Website Owner.  Not sure which is right, but the latter makes more sense since they call the investments Wealth Builder packages.

I have had an offer for one of my sites at 75 times the monthly revenue.

I was considering letting this potential scam go unmentioned until I read the following typical ponzi/pyramid scam lingo in their terms.

Every transaction is considered to be a private transaction between WBwso LTD and the member. As a private transaction between WBwso LTD and its member, any program on offer is exempt from:

• the US Securities Act of 1933, the US Securities Exchange Act of 1934,
• the US Investment Company Act of 1940, and all other rules, regulations and amendments thereof.

How many of you have seen that type of statement in the TOC of any legitimate company?

Guess what?  When you tell someone you will pay them $90,000.00 3 years from now if they give you $100 today and they don’t have to do anything to earn it, you are selling an investment.

If they are not registered with the SEC, they are not legally allowed to offer this deal in the U.S.

I’ve already done a quick skim of some of the ponzi player hotspots, so I know they are currently paying.  So did YMMSS, PIPS, 12Daily, ASD, and a number of other pie in the sky schemes……for a while at least.

In the end, it’s unlikely that they’ll be forking out over $450 Million Dollars in the next few years.

In case you’re wondering, their initial goal is stated as 5000 members X $100 investment X $90,000.00 return = $450 Million Dollars

Ahhh, the good old www(wild, wild, west).

Well, I was starting to write a post on this relatively new make money doing nothing scheme and after noticing it was starting to ramble(as usual), I figured another blog post conveyed my thoughts in a more succinct fashion.  That post is 5 reasons why GetTheBar.com will fail from the Living Room CEO blog.

Just a couple points in addition to what the author there has pointed out.

While the author touches on the fact that there is virtually no real info about the Boloto Group Inc. online, he doesn’t take it further and advise why that is a potential problem IMHO.

Despite the fact that many GetTheBar followers will say that this can’t be a scam because no money is being asked for, dealing with unknown entities such as this can have other consequences that could still cost you money, or worse.

• You are giving personal info to a company and owner, Robert Donnelli that has almost no internet presence or reputation, good or bad.  While they claim that info gathered is used for demographics for “advertisers” and is not to be sold, the info given is a valuable commodity that they could easily sell without your knowledge.  What have you found online that shows they can be trusted?
• Downloading a toolbar from a virtual stranger opens your computer up to some severe security issues.  Personally, I don’t even like downloading extra crap from companies I’m familiar with and have a reason to trust.  Again, what readily available info out there leads you to trust your computer, and in many cases, financial info, passwords, personal records, etc. to a company that has established no identity in its 10 year existence.

People just need to learn to evaluate these so called opportunities with their heads instead of their hearts.

Just like AllAdvantage and Agloco, the math does not add up to anything but disappointment in the end and your personal info in the hands of a complete stranger.

I just find it odd that an owner who was supposedly on the Chicago Board Options Exchange and a Wall Street technology firm has no internet footprint to follow, just like his 10 year old corporation that claims

The Company’s technology based applications impact many sectors including internet use, advertising, health benefits and commerce. The Company has invested over one million hours of engineering and development to deliver these applications.

Some examples of the press releases that lead to nothing:

Boloto Group Launches Free Online Membership – The Boloto Card
March 7, 2007  BolotoCard.com is a redirect.

The Next Generation Internet Has Arrived As Technology Company Introduces The First Ever Secure Way to Collaborate, Share Files and Conduct Business Within a Secure Distributed Community
December 29, 2004 — the “Library Card”  No site found

Businesses Remove Healthcare Burden From Employees With New Zero-Deductible Plans From the Boloto Group
Feb. 20, 2007 — bolotohealth.com/ still says beta 2 years later.

Until it all plays out, nobody can say for certain whether this is actually a sincere attempt at making a seriously flawed business model fly or just a clever scheme to gather information for other uses.

Edited on 02/28/09 to add the following:

Thanks to a recent comment on the LivingRoomCEO blog mentioned earlier, we now at least have a different site to look at — adsbyer.com

Before posting this, I actually did do a google search on the phrases ads by ER Exchange and ER exchange which brought up nothing.  Searching for just ads by ER did work.

The adsbyer.com site at least does a pretty nice presentation that lets you run through a demo of setting up an account and ad.

For now, it looks like they intend to charge advertisers $0.10 per click for non-demographically oriented ads and $0.50 per click for demographically oriented ads.

One slightly important thing that their entire site fails to tell potential advertisers is that all members are paid to click their ads.  Instead, they word it as “our audience chooses to experience your presentation one-on-one for a minimum 5 seconds GUARANTEED”.  The reality is that the audience is obligated to click if they want to earn any money.

Oh well, it will be fun to watch it all play out and see how it develops.