AVG Ad View Global Scam Crumbles, Many ASD Cash Generator Scam Victims Must Face Ponzi Scheme Reality For The Second Time
Posted on August 3rd, 2009 by Mr. RyzWhen I first wrote an article back in early August, 2008 about my opinions concerning Andy Bowdoin and Ad Surf Daily / ASD Cash Generator, I was surprised just how many Bowdoin praisers were absolutely shocked that I would even “dare” to consider the “possibility” that he was running a massive ponzi scheme.
Just 10 minutes of reviewing the “business” made me feel as if I was staring at a reformed version of another infamous program in Autosurf history: Charis Johnson’s 12 Daily Pro scam. The red flags sticking out of ASD seemed obvious. Yet, thousands of people had their head in the clouds only because they were being paid repeated high returns for the simple act of viewing website ads.
The popular opinion that Bowdoin was a “Saint” quickly changed after the State of Florida and United States Attorney General took a closer look at ASD related activites and then soon revealed that Andy Bowdoin’s “internet advertising business” was nothing more than a masquerade for an illegal ponzi scheme model.
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When you see these kinds of situations with major, sophisticated ponzi schemes and realize just how many people get hurt in the process, you hope that at least some people learn an important life-long lesson about responsible investing and research. Unfortunately, it appears that many people did not learn anything at all. Many of them held on to their “get rich quick” emotions and refused to come back to reality.
Even after the Courts and various Autosurf related blogs and websites warned about the ponzi scheme element – AND even after Judge Collyer ruled that Andy Bowdoin’s ASD Cash Generator was not a legal business and therefore operated as an illegal ponzi scheme – former members flocked to the new birth of the same treachous program: The Ad View Global Association or AVGA, also abbreviated as simply AVG.
AV Global Association was founded by a group of participants from the Andy Bowdoin / ASD ring. Supporters of AVG often posted that it’s claim to fame was the fact that it was Andy Bowdoin’s same “genius” business concept registered offshore, and therefore, protected from the “evil U.S. government trying to ruin everyone’s fun.” Those claims may have had even a small ounce of merit, if it weren’t for the fact that Bowdoin’s so-called “revolutionary business” with ASD Cash Generator revolved around a money pot that required a consistent increase in investments and/or members to function in the long run.
I would have hoped that the majority of people would have been able to put this basic, logical concept together- “If ASD Cash Generator’s business model was ruled an illegal ponzi scheme, and Ad View Global (AVG) essentially uses the same model, Ad View Global is also a ponzi scheme!” Putting it in even more simple terms- “If ASD Cash Generator was a scam, then Ad View Global is a scam.” Fairly simple, right? Apparently, hundreds (if not thousands) of people failed to understand this. So, before we dive into further discussion about Ad View Global (AVG)…
Let’s do a quick 30 second re-cap on WHY Bowdoin’s ASD was a ponzi scheme:
ASD Cash Generator members upgraded (or “invested”) their accounts by purchasing “advertising packages.” This specific dollar amount of advertising packages would eventually yield a 25% ROI. Substantial referral rewards were also offered.
The ASD business model did not have the means to earn enough outside revenue to continually pay out this high ROI and referral bonuses. In other words, ASD was using new upgrades (or “investments”) to pay former “25% ROI” obligations and all referral incentives.
Since the ASD model relied on an exponential growth effect to continue to pay these high rewards and the world contains a limited number of people, eventually growth rates would diminish. The money pot would eventually run dry, and many people would be left with a loss. This is the very definition of a ponzi scheme.
I won’t even bother explaining the securities regulations ASD violated when it decided to construct a model based on offering these ridiculous returns. I don’t need to. The ponzi scheme element alone makes this model illegal and dangerous.
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Now let’s go back to Ad View Global, shall we?
The main argument for predicted long-term success I’m seeing from former, die-hard ASD supporters is: “AVG is located offshore, and this time we will be safe.”
Oh really? Well, before you go about believing something so absurd, you should know 2 interesting facts about ponzi schemes…(1.) They are illegal in all countries, and (2.) even if the program does play out for a considerable amount of time, eventually the money pot will still dry up and most people will LOSE money.
Members of the Ad View Global scam aren’t protected simply because business registration took place across the oceans. A ponzi scheme is a ponzi scheme, no matter how you slice it. People get hurt in these scams either way- If the government doesn’t step in and eventually refund small portions to victims, the pool of investor contributions will die off and the “business” will collapse on itself.
Unfortunately, once again, it looks like many former ASD Cash Generator members are going to be faced with the same hard lesson they refused to learn the first time around. As of 2009, many AVG members were already irritated with money transfer problems. However, during late June, Ad View Global lifted up the “grand daddy” red flag pointing to a desperate ponzi scheme on the verge of death. AVG suspended payments to its members, only to back up their action with the excuse that rebates (i.e. “returns”) were never officially guaranteed.
In early July, AVG quickly followed up by announcing a restructured payment plan that greatly disadvantaged current members and may even prevent members from receiving their rebates altogether. The Ad View Global forum activity grew out of control, and it was repeatedly opened and closed for member viewing. Some angry members demanding explanations for AVG’s unfavorable changes posted their concerns in the forums only to find them erased soon after.
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Clearly, AVG is in panic mode, and the signs don’t point to a pretty sight. For some, the “get rich quick” dream is about to crash and burn for the second time. Let’s hope the lessons to be learned from the Ad View Global scam aren’t so carelessly discarded this time around.
ASD Cash Generator already caused enough problems; it’s a shame history had to repeat itself so quickly.
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- Mr. Ryz
Comment By: crownzaucer
August 3rd, 2009 at 11:07 am
I’ve been reading up a lot these days about the ASD and Andy, but I liked how you put it straight and said it like it really is. There really is no good excuse for people behaving like this and shaking hands with the same scammers twice. I don’t know too much about Ad view global but I’d be willing to wager Andy had something to do with it aside from his old members bringing it to life. They actually had the audacity to throw up a whole new program on the same stinking model that had just been condemned a ponzi scam by law? LOL. There’s the truth behind this all right there. That program is filled to the brim with greed. I guess that’s part of the reason we have prisons, to make sure people like this don’t continue to bring people slop shops and play money laundering games. If the AVG club springs loose they’ll just start another stupid scam and then sure enough some of those same tippy surfing followers will be right behind them hoping to add to their pile of quick riches. It’s mind blowing how gullible some people are!
Comment By: Will
August 3rd, 2009 at 2:59 pm
What a hoot!! same people who recruited me to asd tried to pitch this slime to me too! I told them theyd be flushing their money down the toilet but they kept saying it would be fine and now look what happened. rofl
Comment By: Gary
August 3rd, 2009 at 4:08 pm
You all DO realize that if the damn gov’t hadn’t interfered with any of this we’d all still be getting paid like clockwork RIGHT?
Andy was doing just fine and payments were smooth and flawless. Then the dirty state stepped in and ruined the whole party. Heaven forbid we the common people make money and not work our life away at some deadend job RIGHT?
I hope you loud mouths are happy. Now we’re at the mercy of a greedy gov’t.
Comment By: crownzaucer
August 3rd, 2009 at 9:32 pm
When I read comments like Gary’s above I can’t help but suspect that some AVG people are completely insane. The scheme doesn’t work. Period. Basic math in grade school should have taught all of you that. Blaming the government for your decision to buy into some old man’s program that told you 2 + 2 could equal 5 is ridiculous. The simple problem with ponzi math is too noticeable. I can only infer that anyone who falls for the same scam twice and then blames the government for putting a lid on the disaster must be suffering from insanity. I guess that or a severe case of denial.
Comment By: Dave B
August 11th, 2009 at 10:55 am
‘A fool and his money are soon parted.’
and there were a lot of fools in Asd no question.
Comment By: Mr. Ryz
August 11th, 2009 at 1:43 pm
Well, I suspect a lot of ASD victims were brand new to the Autosurf concept. The tricky terminology associated with that kind of sophisticated ponzi scheme can look good and sound legitimate; therefore, I can understand how an inexperienced investor could easily fall for something of this nature.
However, the arrogant ASD members that jumped in to AVG full force knowing all along it was the same illegal ASD model have no excuse. I honestly believe some people knew that AVG was a ponzi scheme dynamite keg ready to blow; they simply justified their involvement as: “Maybe I can make money this time, since ASD was shut down and I wasn’t paid.”
- Mr. Ryz
Comment By: Frank Thomas
August 25th, 2009 at 2:38 pm
It is imperative that before joining any MLM, NWM or biz op you visit these non-profit sites
mlm-thetruth.com
pyramidschemealert.org
Comment By: Montreal2330
August 28th, 2009 at 10:09 pm
Sounds like your all on the correct on this one. those people who promote Avga have no shame and are just as guilty as the scammers. when are people going to wake up out there?
Comment By: Landmark
March 3rd, 2010 at 10:57 pm
They took form me $ 1000. It was 100% SCAM!!!
Comment By: unfonnanutJix
March 5th, 2010 at 7:15 pm
The response to local and national disasters is awesome but it’s a damn shame that so many people take advantage of the negative situations.
I mean everytime there is an earthquake, a flood, an oil spill – there’s always a group of heartless people who rip off tax payers.
This is in response to reading that 4 of Oprah Winfreys “angels” got busted ripping off the system. Shame on them!
http://www.cbsnews.com/blogs/2009/08/19/crimesider/entry5251471.shtml