Victims of the now infamous 12 Daily Pro, originally founded and operated by Charis Johnson, have been awaiting the refund process for nearly 3 and a half years.

Finally, many victims that originally filed a complaint with the Receiver, Thomas F. Lennon, are walking to their mailboxes and pulling out refund checks with excitement. All qualified claims are estimated to be settled between September 1 and September 30, 2009.

Unfortunately, many victims involved in Charis Johnson’s 12 Daily Pro money laundering scheme are faced with a cruel reality. The aftermath of one of the largest Autosurfs now clearly demonstrates that all ponzi schemes ultimately result in heavy losses and misery for the majority of “investors.” Eligible victims – i.e. people who filed a claim and completely lost their investment after 12 Daily Pro assets were seized by the government – only received approximately 30% of their “upgrades” (which were essentially referred to as “initial investments”).

Charis Johnson & 12 Daily Pro Overview

Charis Johnson founded 12 Daily Pro through MyLifeClicks, LLC in April of 2005. The company advertised an opportunity to purchase advertising upgrades (“investments”) and earn a 44% ROI within 12 days. Members were required to surf a minimum of 12 websites per day for 12 days in order to gradually earn 12% portions of their 144% total return. Once the 12 day cycle was completed, 12 Daily Pro would payout the principle plus 44% ROI via internet payment processors; the most popular of which were StormPay and E-Gold.

Between April of 2005 and January of 2006, 12 Daily Pro had attracted over 300,000 people and inspired them to create member accounts. Only a portion of these 300,000 accounts actually upgraded money into the 12 Daily Pro system; however, thousands of these accounts were actually maxed out at $6,000, the 12 day period advertising upgrade limit. During this 9 month period, 12 Daily Pro’s total “upgrade package” value exceeded $50 million.

After a month of investigations, the SEC charged Charis Johnson, 12 Daily Pro Administrator, with running an illegal ponzi scheme. All 12 Daily Pro related assets were seized and placed in the hands of a court appointed receiver, Mr. Thomas F. Lennon. Future reports acknowledged that although Charis Johnson had claimed that 12 Daily Pro was earning revenue through a variety of income streams in order to pay the 44% returns, more than 95% of these payouts was merely transferred through the classic “rob Peter to pay Paul” ponzi scheme model.

Let Us NOT Forget 12 Daily Pro!

As described earlier, the end results for this massive ponzi scheme were not pretty. The legal battles and recovery process took well over 3 years – essentially from February of 2006 to September of 2009 – before most victims even received a penny back. Now that the 12 Daily Pro case is finally winding down to a close, these victims are left with mere fraction of their investments. Only approximately 30% of victims’ funds remain due to (1.) initial (or “early”) 12 Daily Pro “investors” withdrawing their profits through the ponzi scheme money pool, and (2.) the excessive legal fees during the 3 year process.

One nightmare might be wearing off, but the internet is still flooded with Autosurfs that essentially utilize the exact same ponzi scheme elements as 12 Daily Pro. Some popular examples of similar, long-term Autosurfs include Bob Krimm’s Tri Star Media of 2006 and Andy Bowdoin’s Ad Cash Generator (ASD) of 2008. In fact, Andy Bowdoin of ASD is currently facing the same charges and undergoing the same legal process that Charis Johnson met in early 2005. Just like 12 Daily Pro, many ASD victims are standing by for refunds, but will unfortunately soon realize that (1.) the legal process will take 2-4 years and (2.) only a fraction of assets involved in the ponzi scheme can be recovered in the end.

Let us not forget the eye-opening, dreadful truths about the “Autosurf” concept. It can NOT work from any realistic financial perspective; it is mathematically impossible, just like all ponzi scheme elements. Do not fall prey to the next “12 Daily Pro,” or you will learn a painful lesson in reality vs. greedy ambitions.

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- Mr. Ryz

www.PonziSchemeAlert.com

Tags: 12 Daily Pro, Ad Cash Generator, Andy Bowdoin, Autosurf, Bob Krimm, Charis Johnson, ponzi scheme, Thomas F. Lennon, Thomas Lennon, Tri Star Media | Category Uncategorized