Aug 06
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What do we have here. A ponzi scheme? An illegal pyramid? Any wrong doing at all?
On August 1st, reports came in that the U.S. Attorney’s Office in the District of Columbia had frozen all assets of Ad Surf Daily, also known on the internet as ASD.
No charges have been filed. But likely only because the investigation is still in progress.
Read all about it in the local newspaper’s internet site. Hopefully this site will be available at this link for a while. If not, just do a google search.
REPORT
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written by Don Standard
\\ tags: ASD, Mentoring For Free, MLM WatchDog, Pyramid, Scam
Aug 05
I have been teaching people how to avoid pyramid schemes and scams for years. You only need to know some basics to avoid these pyramid schemes and scams. It’s like having your own crystal ball.
“YourTravelBiz.com operates a gigantic pyramid scheme that is immensely profitable to a few individuals on top and a complete rip-off for most everyone else,” Attorney General Brown said. “Today’s lawsuit seeks to shut down the company’s unlawful operation before more people are exploited by the scam.”
The above quote comes directly from the office of the Attorney General for the State of California. You can view the news release here…. http://ag.ca.gov/newsalerts/release.php?id=1596&
Knowledgeable people in the network marketing industry immediately reported, YTB, or Your Travel Biz, as being a pyramid when they first looked at the program. The same was true of Burnlounge, another publicly traded illegal pyramid. When they were sued, they terminated the MLM program within days in hopes of surviving. Note that YTB had just last month announced plans to change to a franchised based pay plan. See http://www.ytb.com/downloads/franchiseInfo.pdf
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written by Don Standard
\\ tags: Attorney General, Crystal Ball, Illegal Pyramid, MLM WatchDog, Pyramid, Scam, Your Travel Biz, Yourtravelbiz.com, YTB
