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

www.PonziSchemeAlert.com