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Ads surf daily founder sentenced to 6.5 years in prison

by Josh Anderson
18 replies
A few years back I came out against a Ponzi Scheme called "Ads Surf Daily" and was flamed by many warriors who were involved in it when I told them that it was just a matter of time before the SEC froze it and the Feds raided it which is exactly what happened.

Well the owner was just sentenced to 78 months in prison:

Unpartial : Article Detail : Man sent to prison for Internet-based Ponzi scheme
#ads #daily #founder #prison #sentenced #surf #years
  • Profile picture of the author Chris Silvey
    I never heard of anything bad coming out of Florida :rolleyes:
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  • Profile picture of the author icoachu
    Will those who aided and abetted him be thrown in prison too? Good first step in cleaning up IM scams.
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    • Profile picture of the author Josh Anderson
      In the case of Ponzi schemes its usually top promoters and founders that risk jail time. However, anyone who profited from a ponzi is financially liable and the SEC can come knocking to get the fraudulently obtained profits back.

      Originally Posted by icoachu View Post

      Will those who aided and abetted him be thrown in prison too? Good first step in cleaning up IM scams.
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  • Profile picture of the author brazosbelle
    I don't understand how so many people can fall for schemes like that...
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  • Profile picture of the author kindsvater
    That's a hefty sentence for someone who is 77. Oddly, the Zeek Rewards owner was also elderly.

    .
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    • Profile picture of the author Josh Anderson
      Originally Posted by kindsvater View Post

      That's a hefty sentence for someone who is 77. Oddly, the Zeek Rewards owner was also elderly.
      Sadly... people who start these don't likely start out thinking "I am going to build a ponzi scheme and defraud people." But greed blinds them and then in the case of BOTH Ads Surf Daily and Zeek Rewards there were lawyers who willingly took these guys on as clients and helped them deceive themselves that the ponzi was legitimate.

      Any thoughts about the lawyer's involvement with these Ponzi schemes Brian?
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  • Profile picture of the author Tim_Carter
    I remember that thread.

    There were lots of people upset at you (and me and many others) telling them it was a Ponzi. Hundreds of them as I recall.

    Maybe they will be more careful in the future.
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    • Profile picture of the author salegurus
      Originally Posted by Tim_Carter View Post

      Maybe they will be more careful in the future.
      Sadly they probably wont.
      You can overcome greed but you can't fix stupid...
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    • Profile picture of the author calhoun
      Originally Posted by Tim_Carter View Post

      I remember that thread.

      There were lots of people upset at you (and me and many others) telling them it was a Ponzi. Hundreds of them as I recall.

      Maybe they will be more careful in the future.
      Nah, they'll just be lined up in the next Ponzi scheme.

      I think their upset because they get told what they don't want to hear. Then they just get madder at the SEC for freezing it.

      God knows that goes through their minds. :confused:
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  • Profile picture of the author Robert M Gouge
    Originally Posted by Josh Anderson View Post

    A few years back I came out against a Ponzi Scheme called "Ads Surf Daily" and was flamed by many warriors who were involved in it when I told them that it was just a matter of time before the SEC froze it and the Feds raided it which is exactly what happened.

    Well the owner was just sentenced to 78 months in prison:

    Unpartial : Article Detail : Man sent to prison for Internet-based Ponzi scheme
    Finding a ponzi scheme and typing up a thread about it on WF: Free

    Defending yourself against the naysayers: Painful, but Free

    Coming back years later and starting a thread saying, "I TOLD YOU SO!": Priceless.
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    • Profile picture of the author Mark Singletary
      One of the reasons I like to read Josh's stuff, is he is always speaking out about doing the right, ethical, moral thing. He has given this forum many wise warnings over the years.

      He warned us about buying graphics packages only to find out later they were stolen (I posted that same warning this morning based on a post years ago from Josh about this).

      He may not be a lawyer or a scholar but he has good common sense knowledge about copyright, patents, and trademark issues and tries to help in this area.

      He did (not just once) warn about Ponzi schemes. That topic seems to always bring out the most bitter and angry posts on both sides. Not sure why we haven't seen many lately - maybe everyone has gone to jail and so they aren't starting new ones.

      I don't know Josh personally but I do like his style at least in the realm of these kinds of warnings.

      Thanks Josh.

      Mark

      Originally Posted by Robert M Gouge View Post

      Finding a ponzi scheme and typing up a thread about it on WF: Free

      Defending yourself against the naysayers: Painful, but Free

      Coming back years later and starting a thread saying, "I TOLD YOU SO!": Priceless.
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      • Profile picture of the author Robert M Gouge
        Originally Posted by Mark Singletary View Post

        One of the reasons I like to read Josh's stuff, is he is always speaking out about doing the right, ethical, moral thing. He has given this forum many wise warnings over the years.

        He warned us about buying graphics packages only to find out later they were stolen (I posted that same warning this morning based on a post years ago from Josh about this).

        He may not be a lawyer or a scholar but he has good common sense knowledge about copyright, patents, and trademark issues and tries to help in this area.

        He did (not just once) warn about Ponzi schemes. That topic seems to always bring out the most bitter and angry posts on both sides. Not sure why we haven't seen many lately - maybe everyone has gone to jail and so they aren't starting new ones.

        I don't know Josh personally but I do like his style at least in the realm of these kinds of warnings.

        Thanks Josh.

        Mark
        I don't disagree.

        I guess I just have a little too much free time on my hands today for joking around.
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    • Profile picture of the author Josh Anderson
      Originally Posted by Robert M Gouge View Post

      Finding a ponzi scheme and typing up a thread about it on WF: Free

      Defending yourself against the naysayers: Painful, but Free

      Coming back years later and starting a thread saying, "I TOLD YOU SO!": Priceless.
      Sadly... I've posted many many many anti ponzi threads over the years and experienced just that many times. The good news... People don't seem to flame you as much any more. The bad news... Ponzi schemes are more popular than ever.
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  • Profile picture of the author womendollars
    That's just one of the many scammers in IM. There are more that I've seen now out there on multiple forums than ever before.
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  • Profile picture of the author phpseomaster
    Can someone please explain what a ponzi scheme is ?
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  • Profile picture of the author Fredbou
    Originally Posted by Josh Anderson View Post

    A few years back I came out against a Ponzi Scheme called "Ads Surf Daily" and was flamed by many warriors who were involved in it when I told them that it was just a matter of time before the SEC froze it and the Feds raided it which is exactly what happened.
    How difficult is it for newbies like me to pick the genuine from the scams on Warrior?

    Thanks
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  • Profile picture of the author Tony Humble
    Banned
    Wow, I've never heard of ads surf daily, but "125 percent on each dollar paid into ASD" is kinda fishy, don't you think? It's a telltale sign for a ponzi / pyramid scheme.
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