DigAdz Review: AdBonuz Ponzi scheme rebooted
There is no information on the DigAdz website indicating who owns or runs the business.
The DigAdz website domain was registered on the 31st of October 2014, however the domain registration is set to private.
Further research reveals DigAdz affiliates identifying the admin of the company as “BeeJay”. I did hunt around but wasn’t able to ascertain anything further on this individual.
Purportedly Beejay is also the admin behind AdBonuz:
AdBonuz launched in early 2014 and promised affiliates up to 125% ROIs on $20 to $49 investments. Referral commissions on investments made by personally recruited affiliates were also offered, paying out down three levels of recruitment (unilevel).
In late November, AdBonuz affiliates on social media began reporting withdrawal problems. The company website is still alive today, however the scheme appears to have collapsed.
The language on the DigAdz website isn’t terrible, but it is slightly off:
Best performance for your advertising to get link back to your business and increase more rate of your goal.
Show your business keys or benefits before they visit your site or business. That can help you filter and get quality of visitor and them really want to join or purchase your product and services.
If one clicks the Facebook link on the DigAdz website, you are directed to a Facebook profile containing a heap of marketing videos from a “Marius Pedersen”.
Pedersen has been uploading DigAdz marketing videos to YouTube since the company launched in early November. On his own Facebook profile, Pedersen claims to be based out of Norway.
Whether Pedersen is “BeeJay” however is unclear, as he seems to focus on promoting the company over claiming ownership of it.
That said, Pedersen’s early involvement in DigAdz and his videos appearing on the official DigAdz website indicate he has a close relationship with those running it.
As always, if a MLM company is not openly upfront about who is running or owns it, think long and hard about joining and/or handing over any money.
The DigAdz Product Line
DigAdz advertise advertising campaigns on their website “from $1”.
The idea is that non-affiliates purchase advertising from the company, with these visitors being affiliates in the attached DigAdz MLM opportunity.
The DigAdz Compensation Plan
The basic gist of the DigAdz compensation plan is that affiliate invest funds into the scheme and in exchange are given points.
$1 appears to be equal to 1500 points.
These points are “used up” each time an affiliate views company-supplied ads. These ads are whatever sites other affiliates and non-affiliate advertisers are advertising at the time.
As points are used up, a daily ROI is paid out. 1500 points on each dollar is ultimately paid out until 150% ($1.50) is reached.
Three levels of paid membership are also offered:
- Digger – 21 cents
- Hunter – $3
- Hunter Pro – $21
These memberships last seven days if an affiliate receives back (via points) more than they paid for membership during this time.
If an affiliate is not made whole on their membership fees, their membership continues for extended 7-day periods until they are.
As I understand it, paid affiliates receive “higher-paying” ads to view (translating into a greater share of new affiliate funds in ROIs).
Finally, referral commissions are offered at a rate of 10% of investment made by personally recruited affiliates. 5% is also paid on these affiliate’s earnings via the clicking of ads.
Joining DigAdz
Affiliate membership with DigAdz is initially free, however an affiliate must invest at least $1 in order to withdraw commissions (including referral commissions as a free affiliate).
Upgrade options from between 21 cents to $21 are available, potentially adding to the cost of DigAdz affiliate membership.
Conclusion
A little bit confusing with the whole points thing, nonetheless DigAdz is still just your regular advertising credit affiliate-funded Ponzi scheme.
Essentially you’re looking at task-based returns, with affiliates required to click on supplied ads – with this task converting points into withdrawable funds.
It should go without saying that, despite DigAdz offering their advertising services to non-affiliates, only Ponzi participants are going to be attracted to paying to have their advertised websites (which are typically similar scams) shown to Ponzi investors.
Affiliates only view the ads to collect their daily ROI, which DigAdz fund with newly invested affiliate funds.
Those who pay more for 7-day membership receive a higher share of the funds over free or cheaper membership purchasing affiliates, favoring yet again those who commit more funds to the scheme.
Like I said, slightly different with the issuing of points which is then converted to withdrawable funds, but it’s still the same story on the backend:
DigAdz affiliates are paid with newly invested funds, directly proportionate to how much they themselves and those they recruit have invested.
Putting two and two together, it would appear BeeJay got DigAdz together around the time AdBonuz’s new investment funds started drying up. Then towards the end of November he or she simply abandoned AdBonuz to focus on DigAdz.
It’s likely that whatever funds remained in the AdBonuz kitty were used to kickstart DigAdz’s reserve account.
Those who got in early in AdBonuz ripped off those who joined after them, and now it’s likely that latter group will be looking to recoup their losses in DigAdz.
Trouble is investors like Marius Pedersen will again beat them to punch… and history will repeat itself.
For reference, AdBonuz lasted six months before imploding. Reload schemes typically don’t last as long as their predecessors. As such, one can safely expect DigAdz to go kaboom sooner rather than later.
For what it’s worth…
Marius Pedersen Group is a garbage company in Europe, originated out of Denmark.
mariuspedersen.dk
I seriously doubt this is a real name. it just **had** to be a pseudonym.
Ah, got him. Full name: Marius Park Pedersen
twitter.com/unisound8
And LinkedIn Profile:
no.linkedin.com/pub/marius-park-pedersen/42/451/250
Research steps:
1) Search for images via keywords “digadz marius pedersen”
2) Found an image that says “Produced to you by Marius Pedersen ExtraMoneyGuide.com”, same guy (he also has startonlineprofit.com)
3) Domain check ExtraMoneyGuide.com got me an address
4) Google that address got me a Yelp result for “Park Media Services”, which also gave me his real surname “Park”
6) Search for Marius Park Pedersen got me his Twitter and LinkedIn profiles. Photos confirm it’s the same guy.
Man, this guy was involved in Zukul, Level 9/iQLife, MyAdvertisingPays, and is basically promoting HYIPs (probably many are his). Search “Unisound8” and “unisound7” for more hits.
Nice work. Either he’s our guy running it or he’s part of a group.
His history is too co-incidental otherwise.
To the author and K Chang.
Thanks for your interest in Digadz. Your information published here however is not correct. Instead of speculating please contact me and ask me. I am easy available. If you are running a serious website, you should know to also research better.
I am a friend of Beejay and have helped him through the prelaunch of Digadz and still assist him. Now the technical team has taken more over the assistance through the Digadz forum.
I dont have any ownership nor being an investor as you mention in your article. I tried some HYIPs in the past (for your reference K Chang), and lost money, so I found out I will never do HYIP again. And certainly not running any on my own.
I agree however there could be more clear on the Digadz website who is the owner, for newbies, but almost everyone in the industry knows it’s Beejay who is behind this.
AdBonuz is currently under maintenance and will be back stronger later. I understand you have fun and speculate in this is a scam and furtheron Digadz started almost at the same time when AdBonuz went to maintenance.
I would appreciate if you contact me and revise your article if you have intention to run a serious website review.
Otherwise I think it’s good you spend time in catching scammers and ponzi scheme owners. They poison the industry. But you need to catch the right ones.
Thanks,
Marius Pedersen
Geeze, it’s a ponzi scheme! Oh no!!! What a surprise! All the games on the net ARE ponzi schemes, some better than others but still all ponzis.
Do you have something else new and earth shattering to tell us?
Hi Marius,
How about you just cut the crap and explain why your personal videos appear on the DigAdz website?
And who is BeeJay then?
Right. You just advertise DigAdz out of the goodness of your heart. Like I said, cut the crap son.
Again, who is BeeJay?
Feel free to clarify why DigAdz and AdBonuz are not Ponzi scams.
And don’t even think about trotting out the “but we have products” horseshit.
Finally, consider this a response to the email you sent me. I have no interest in interviewing Ponzi pimp scammers.
@Giner
Really? The fact that participation in a Ponzi scheme appears normal to you speaks volumes.
Obviously a veteran scammer this one.
I have checked the information in the article, and it seems to match your own explanation (but without all the details).
Here’s the conclusion in that section:
Here’s your explanation:
It won’t make much sense making those minor corrections, e.g. change “close relationship” to “friend”, or change “promoting” to “helped during prelaunch”.
Your post is #7. The people reading the article will also usually read the first comments to it, so they will also find your explanation.
Why should he contact you when you already are present here? It’s much easier if you post the missing or corrected information DIRECTLY, or use the “Contact” button to send it? “Contact” is in the upper right corner of the website.
I don’t see anything to correct. Do you, Oz?
Nothing to correct, but there’s missing information that could be filled in.
Either Pedersen is going to fill in the blanks or he’s going to protect his Ponzi admin friend(s).
His call…
“Why didn’t you contact me first?” is usually about minor details. People simply like to provide their OWN info, rather than having other people finding it on the internet.
But we don’t want “public profile” or “press release” types of info, i.e. we’re not writing reviews about the people or the companies, but about specific parts of the “business”.
It can be about details like “I don’t promote the business (personally), I helped during prelaunch with the promotional videos. Other people are doing that job now”. We will not see the difference when finding promotional videos on the internet, but nuances like that can be important to some people.
The nuances will usually be accepted if you point out that “helping with promotional videos” can be extremely close to “promoting the business”. 🙂
You are also the primary spokesperson for more than a few of HYIPs. Your face is the first to pop-up on Google searches for those HYIPs.
Clearly, you’re not doing this for free. After all, you’re taking the fall should the authorities come knocking… pointing at an invisible friend (whose only proof of existence is your word)… is not exactly credible evidence.
So how did you fall into this “HYIP Spokesperson” job any way?
I’d thought it be ALL scammers and ponzi scheme owners… rather than **some** of them?
I joined DigAdz as it was advertised to be a program like Paidverts. I have only deposited $5 of my own money. However, there are several red flags that came up.
I clicked on the ads and got a total of $5.83. I also bought the digger for $0.05 which was of no use.
However, when I tried to withdraw (the minimum being $5), I was notified that I have to fill my profile. I entered my details and contacted Support. Two people have replied giving “cut-and-paste”answers.
They expect me to upload a pic for a measly $5??? It’s crazy!
There is no option to use the earned money to buy more ads so you are forced to withdraw and then deposit, thereby losing a lot of money in fees.
My opinion, stay away from DigAdz.
Annoyed DigAdz user
“They expect me to upload a pic for a measly $5??? It’s crazy!”
Well, yeah that’s what they expect. They made money off you and then they can make fake IDs to sell when you walk away.
If Marius Pedersen don’t want to be confused with Beejay, that this Digadz admin must step forward and present him self to members.
Lets move this suspicion cloud away!
That would actually have been a fraud, if people could reinvest payouts DIRECTLY without withdrawing it as money first. It could have been an indicator for a Ponzi scheme.
I think Marius Pedersen’s silence speaks for itself…
There is no evidence of Beejay other than MP’s word.
Of course, by now, MP could have found any Joe Blow to play the role.
So Far DigAdz gave me great advertising and many sign ups for another business , I am buying bundle ads to promote my business and with it I still have potential to earn money!
It’s well said that profit is not guaranteed , we are just buying advertising product and with over 100.000 members that product is more than good , I am already feeling it
From what I see they are working hard on fixing all issues and bugs
Btw I saw u are talking about that u need to upload photo to your profile before u request your payout , well for your information , you can put any photo , download what ever u want and put it there.
So far I can’t be more happier with this program , of course everyone can say what they want , and if u think that this program is not for you then skip it if u wish. It’s your choice but DigAdz is growing strong , that’s a fact so far…
i happen to have done adbonuz for the past 5 month but it never scamed me at all and am currently doing digadz 100% just because of the trust i have from the digadz owner Beejay.. And many of u are pretending not to be knowing beejay..
@Romi
That’s because you got in early. It certainly scammed all the people you stole from who joined and invested after you.
You appear to be too. Who is beejay then?
Digadz team saying, who wants to change the process of withdrawal they should to send their Address proof and ID proof.
I didn’t understand why do they want these personal information. It’s their money if they want to withdraw why do admin team need their personal info.
They can directly go and change the process from Paypal to Perfect Money.
That sort of personal information, along with credit card numbers and bank details is worth a fortune on the black market.
It’s another way for the fraudsters behind Digadz to make extra money.
site is down quite some days.
looks like digadz has already went belly up. they closed for updates and now won’t even anser supports. they have been down about 5 days now, by by digadz.
What a trolls are here lol.
They tried to open and everyone got logged in but there were 20.000-30.000 + online and it loaded slow , so now there will be more upgrades.
They purchased another server , should be ready after new year 1st-2nd January because DNS need to propagate to that server too.
I see some people talk BS here because they have no idea what’s going on 😛
DNS takes a few hours to propagate, 24 hrs at the longest and only if you live in a country with hamster-powered internet.
So basically Petersen and “Beejay” are full of shit. Stay tuned for claimers of DDOS attacks and hackers next…
As an aside, that photo of “Beejay” Pedersen put up looks suspiciously like a relative. And if not then I wouldn’t be surprised if it was a close friend.
Another ponzi run by shady admin.
I did a quick Google search and “Beejay” appears to be the CEO of Ashitaz (ashitaz.com).
He’s credited simply as “Songphon” on that website, with no further information provided.
Ashitaz meanwhile appears to be based out of Thailand:
Domain is registered to “Hathaitip Phapatha” using the same address, so it’s likely this is our guy.
That is of course if Phapatha is indeed “Beejay” and Pedersen himself isn’t running this in conjunction with a random bunch of programmers in Thailand.
As to what Ashitaz do? A link for “Adboz” appears on their website, this redirects to a page advertising AdBonuz, DigAdz’s predecessor.
Seems we’ve come full-circle. Serial Ponzi scammers in Thailand with a Norwegian frontman.
No. Pedersen is Korean. That rounded face is Chinese / Korean / Japanese.
The alleged photo of Beejay, on the other hand, is more Southeastern Asian. Malay / Thai / Indonesian / Filipino type.
Confirmed, Digadz was originally registered by that Thai guy, THEN went Domain by Proxy.
http://www.whoismind.com/whois-history/2014-11-02/09-43-36/digadz.com.html
Beejay is from Thailand , he is CEO of Ashita Group find , his name is Songphon as u can see there , he is not fake.
Some people knows him personally over 5 years and he is giving his best to make DigAdz successful. There will be much more features in DigAdz , it’s just a beginning and it needs time for upgrading new server.
This Oz guy here is not informed , but first they finished DNS propagation to Linux server but still it was problem with config and it was not working smoothly for all members so Beejay purchased another server (24 cores CPU) 2x1TB SSD and great DDoS protection from incapsula. So this should be set up and DNS should propagate before 3-4th January.
Then they are also working on new PHP framework+MongoDB (disagned for bigdata) same as Facebook. We will see news about that in February I think.
Yeah but… DigAdz is still a Ponzi scheme. New investment is the sole qualifier for “success”.
Yeah, and if any of that actually happened DNS propagation would still only take 24 hours tops – again, unless you live in a country with hamster-powered internet. Then it might take 48 hours.
A few weeks for DNS propagation? Bullshit meter says no.
Right. Because of any of the marketing spin matters…
Smoke and mirrors, invest invest invest, smoke and mirrors, invest invest invest.
It is mathematically IMPOSSIBLE to make Ponzi scheme successful. Thus, the rest of his explanations are just there to confuse you.
digadz.com/member/images/logo1.png
Digadz is total crap. I invested 5$ and every second day there is some kind of “Website Maintenance…” that takes like 2 – 6 days. They already “upgraded the server” like 10x.
I also bough that 5 cents upgrade or whatever and didn’t recieve one single ad untill the upgrade was gone. I call this site and his owner FRAUD in capital letters.
My AVG also picked up some malicious stuff from that website. Stay away or like said before by someone your personal information might get sold to some mafia organizations.
DIGADZ IS DEFINITELY SCAM… !
DIGADZ very unestable shit server is a scam.
Besides the site’s constant problems did you know that you can’t withdraw money without downloading your avatar on your profile page??
Who on earth puts avatar on the profile page in the first place? Never seen that in any program before!
What kind of stupid nonsense is that? They surely don’t ask you to do that if you want to deposit!!!
does the avatar have to be a picture of ‘you’ (or a human being so they can steal it to sell to identity thieves) or any picture in general like everywhere else on the web?
I would post a pic of a movie character or cartoon. lol
Listen, nobody is twisting your arm to join DigAdz. We get it, you think its a scam… so don’t join… who cares?
What I know is… that despite the server problems they have had, which I am as frustrated with as anybody, I have more than broken even on the moneys I put into it in December. In fact, I just received another $60 a few minutes ago. And I have never failed to receive a withdrawal within a few days of when I requested it.
And yes, you do have to put a picture of something on your profile to make a withdrawal. Mine is a nice movie flyer of the Outlaw Josey Wales.
The same goes for AdBonuz, by the way. I joined AdBonuz in August. So, by your description of the way these things are supposed to work, I should be one of those late joiners that got ripped off. Except I didn’t.
I also am in profit with AdBonuz. And yes, AdBonuz has been down for quite some time, like Marius stated, but it will come back.
And soon, I expect, now that DigAdz server problems seem to be ironed out. Everything BeeJay has told us has come to pass, although it did take more time than I, and probably he, would have liked.
And, on top of earning money in both of the programs you are slamming here, they have also provided me with what I paid for in the first place, High quality advertising to a targeted audience.
The sort of advertising that you get on Google or Facebook, though Google and Facebook keep all the money instead of giving some of it back.
So, in short, go ahead and spew your ill-informed garbage all you want. I don’t care, because I have been there, done that, and know the truth.
Nobody thinks anything. As per DigAdz business model it’s a Ponzi scheme.
All Ponzi schemes are fraudulent scams.
Congratulations, you’ve successfully stolen more than you deposited from those who joined after you.
It’s not exactly something to be proud of.
What, gullible investors for other Ponzi scams you’re pushing? Barf.
Don’t waste our time trying to compare Ponzi advertising to legitimate advertising networks, you only make yourself look stupid.
Some of the crap Ponzi scammers come up with to justify their scams….
That’s the bottom-line really. Scammers like Josey will rob you blind in these schemes and they just don’t care.
i dont know what is the truth but they are paying me all time on the time… its my 4th payout without any problem and getpaid my all referrals.. thanks to everyone good bye
Well s’long as you get paid, who cares who you steal from, right?
So you don’t ask the source of money… because you don’t want to know whether it’s “gharar” or not, correct?
It’s lazy to accuse something as ponzi without truly understanding what a ponzi is.
A ponzi by definition doesn’t really have all the money necessary to cover the active account balances of all users.
Ponzi schemes pay “interest” on “investments” but can only keep up with payouts as long as new “investments” are made. Otherwise, the “interest” earned by participates can’t be paid, because there is no actual outside source of increase to justify the amounts awarded.
For example, a payment processor would be a ponzi if they used account holder funds to afford their rich lifestyle, and only keep up with transfers to account holder banks using new deposits.
Does DigAdz offer investments — not that I can see. There’s no “interest” rewarded for investing.
Earnings only come from ad service purchases. Like any company selling anything, the company only makes money when consumers purchase their products/services. The amount of money received is divided, and can be earned by clicking ads.
While it might be true that digadz model doesn’t offer a lot of services that generate revenues, and purchases mostly create more points which affect a member’s qualification level for number of ads, and revenues given to the ads– it’s false to say this is a ponzi, because the revenues given to ad clickers only come from ad service purchases.
It would be better for earners if digadz offered more services outside the bundle ad purchase from which revenues can be collected, and then made available for the clickers to earn– and it would be better for advertisers to have services reach the audience on digadz more effectively– this aspect does not cause the business model to become illegal, nor does it make the business a ponzi.
Even though there is a maximum set for bundle ad buyers to receive in earnings- there is no guaranteed set of time earners are given to reach it– investments are measured by returns over time– while digadz are earnings by clicking ads, which earnings come from ad service sales.
Of course there is. You invest funds, funds are converted to points which then accumulate a return via the undertaking of pointless tasks. This return is more than what you invest.
The tasks are neither here nor there, with funds invested by affiliates determining the ROI paid out per point.
Ad purchases don’t generate a ROI, investments do.
You all but concede new affiliate funds are being used to pay off existing investors, but then attempt to deploy pseudo-compliance.
By all means call it “ad service purchases”, but at the end of the day mechanically affiliate funds go in and a greater than 100% ROI is paid out. This is the behavior of an investment, not a purchase.
No legitimate advertisers are interested in showing ads to Ponzi scheme participants. The ruse is the only people “purchasing ads” (read: investing in points) are affiliates. The motive here is to withdraw a greater than 100% ROI, funded by subsequent affiliate investment.
Irrelevant. Maturity time is not a factor in Ponzi scheme determination.
False, investments are measured by ROI.
Which is newly invested affiliate funds. Pseudo-compliance won’t get you very far here.
The explanation you provide in “defense” of DigAdz has been seen many times. See “United States of America v. 8 Gilcrease Lane, Quincy, Florida,” commonly known as the AdSurfDaily “advertising” Ponzi forfeiture case.
Here’s a snippet from the complaint in which the U.S. Secret Service quotes an ASD participant who was starting a reload scheme known as Golden Panda Ad Builder. Compare these words to what you wrote:
The short story is that the Secret Service provided the info highlighted above and plenty more to a federal judge, who ordered the U.S. Department of Homeland Security to seize money in 15 bank accounts.
The government won the forfeiture case at all levels, including in the U.S. Court of Appeals. Bowdoin eventually was charged criminally with wire fraud and pleaded guilty, acknowledging that ASD was a Ponzi scheme.
DigAdz is about obfuscation of the same sort that led to actions against ASD and Golden Panda. Same stuff on a different day seven years removed. ASD was 2008; DigAdz is today.
As for AdBonuz, Oz pointed out in his review that it offered a 125 percent ROI; that just happens to be the same ROI advertised by ASD. In some ways, AdBonuz was even worse than ASD.
AdBonuz promoted commissions on three levels. With ASD, it was only two. The confluence of the ROI scheme and the payout schemes only deepen the Ponzi.
The commonality of admins or promoters between AdBonuz and DigAdz means that soiled proceeds circulated between an original scam and a reload scam — just like ASD and Golden Panda, and ASD and AdViewGlobal, another ASD reload scheme.
DigAdz and AdBonuz are/were only minor evolutions of scams that have operated for more than a decade and plundered investors for billions of dollars.
PPBlog
the fact it’s closed loop proves it’s a scam. No one in the outside sees any of these alleged ‘ads’.
Even your biggest pimp Annie has already taken off with your money and moved on to ‘the next big thing’.
I think it’s pretty clear people here don’t know the difference between an advertising service purchase, and an investment.
Paying people to click on ads from revenues generated from service purchases is not new– and not illegal.
Digadz pays both free members who haven’t made a purchase but earned points through clicking, and paid members who are rewarded points when they make a purchase.
I’m not saying their plan is effective in maintaining high earnings long-term for clickers, but I am saying their model is at least legal, and pays only using funds already received from ad service purchases.
So what you’re saying is Digads is both legal… AND illegal (i.e. paying some people their own money back)
That’s still illegal. Duh.
you’re finally right……..you don’t.
Outside the bundle ad purchase (rewards points) there are banner ad services. So not exactly a “closed” system. I agree, they should add more services which generate revenues to increase earnings, but whether low or high earnings, it doesn’t make it illegal.
There is not a guaranteed amount someone would earn daily, no guarantee someone would reach the max, nor time frame given for maximums to be reached.
The original version of AdSurfDaily was “12dailypro” which promised returns of 12% daily for 12 days. The daily interest was only paid by new investors, and obviously couldn’t possibly have the funds on hand to cover account balances due to interest awarded to each member account without any actual increase.
If I recall correctly, it was an auto-surf.. not a site that pays to click.
With DigAdz: There is an amount displayed on the ptc ads, and when clicked the earnings (or points) are rewarded.
Some might see the points system as an “investment” but DigAdz website clearly labels the purchase as an advertising service purchase; giving $1.00 buyers 50 visitors to their website + banner ad impressions.
Since the service purchased is provided– how can the buyer feel scammed when visitors they pay for are received?
AdSurfDaily allowed buyers (and recommended to do so) to purchase services without setting up ads for anything they are promoting online.
DigAdz first requires the ad to be setup, then purchase for the service can be made.
Is there a guaranteed amount they’d earn daily from DigAdz displayed anywhere? No.
Is it required to make a purchase to earn? No.
It does indicate a maximum based upon points received, and the potential earnings one can reach with the number of points awarded for bundle ad purchases– but does not give a time frame… and indicates that earnings provided for clicking ads come from revenues generated by services being sold.
Points can also be earned by clicking additional ads without additional purchase, and also as a non-paying member.
That’s also different from AdSurfDaily.
Earnings are variable based upon new and *existing* customer purchases of services.
What a perfect exercise in copying and pasting all the most common excuses from the “Ponzi Players Handbook”
Unfortunately, justifying and rationalizing ponzis doesn’t make them legal, liable to last or the answer to peoples’ monetary prayers, ESPECIALLY when the ponzi in question is on the brink of collapsing, as is the case with Digadz
It is if nobody utilizes the services, which they don’t. Infact nobody would engage in the “purchase” of any avertising offered by DigAdz if said services were not attached to a Ponzi scheme.
Using newly invested affiliate funds to pay off existing investors constitutes a Ponzi scheme.
Ponzi schemes are illegal the world over.
Entirely irrelevant. The issue here is newly invested affiliate funds being used to pay off existing investors.
DigAdz paper-thin psuedo-compliance is neither here nor there.
Affiliates invest funds on the expectation of an implied greater than 100% ROI. This constitutes the offering of a security and is very much an investment.
Because using newly invested affiliate funds to pay off existing investors inevitable leaves someone holding the bag when the scheme collapses.
What is built around that core mechanism (advertising services in this instance, which is quite common), is irrelevant.
The question for you to ponder is… who buys PTC ads on a site that promises turning your money into more money? And are there ENOUGH of them to provide a steady profit already promised?
And being charitable, the answers would be:
— other HYIPsters
— not enough to matter
So having those just gives you an excuse to mouth “but it’s not ALL ILLEGAL… there are SOME legal parts”…
But it’s still illegal.
the same simplest of questions applies again……..why aren’t real companies dumping money into this and reaping the same rewards? Don’t you think they owe it to their shareholders? Why aren’t you getting big box stores in there?
Just think of that referral commission………oh, that’s right…….you just get paid to ‘work’ by clicking ‘ads’ you don’t give a shit about. lol
Why was AdSurfDaily a Ponzi?
It always paid 1% on weekdays and 0.5% on weekends, every day, without fail.
This means the earnings weren’t actually directly related to revenues. It wasn’t sharing revenues, it was computer generated earnings regardless of sales.
Do you really need to be educated on the difference between fixed daily earnings set in a system versus sharing revenues from sales of service?
If a system automatically places earnings on member accounts regardless of actual sales revenues, this creates a scenario of more earnings existing in the system than are actually available for withdrawals.
So, the Ponzi keeps up with payouts [meaning withdrawals from the system, not earnings] only from new investors.
Some people can’t see why ad surf daily was a Ponzi — while digadz paying only from real revenues is not a Ponzi.
It’s not a Ponzi if no affixed daily earnings are set, and all total balances are backed up by actual money.
I do agree DigAdz should introduce more services outside their bundle ad pack to increase revenues for sharing.. and recognize that if they don’t then earnings will continue to slow down more and more– but slowing down earnings doesn’t make it illegal.
Because earnings for clicking on ads only come from ad purchases… and nothing computer generated, which would give member more earnings than actually exist in the payment processors.
To be entirely correct, that should read:
“digadz SAYING IT is paying only from real revenues”
They all SAY they are paying from real revenue, that’s why when they get busted, the organizers are charged with fraud and wire fraud.
It’s because what they SAY they are doing is not, in fact, what they are doing or did.
I’m pretty sure I’m repeating myself here, but advertising a fixed ROI is neither here nor there.
A Ponzi scheme is newly invested affiliate funds being used to pay off existing investors, which is precisely what is occurring in DigAdz.
It is also why ASD was a Ponzi scheme. It has nothing to do with the advertised ROI. Fixed or variable ROI, if you’re using newly invested affiliate funds to pay off existing investors you are running a Ponzi scheme.
What, you think you’re the first person to pull the “Yes we use newly invested affiliate funds to pay off existing investors, but we don’t advertised a fixed ROI so we’re not a Ponzi scheme” argument?
Cmon chief…
“Real Companies” — I think people forget the fact that there are 38 Million Home Based Business owners inside the USA, and 70% of Americans want to work from home.
Services made available on sites like Digadz to connect people in the industry with various offers.
You’re talking about a ponzi paying “interest” from early “investors” using new “investor” “investments.
Will you show me where DigAdz promises interest on an “investment” ?
Paying people to click on ads from the sales revenues doesn’t make it a ponzi.
Don’t bull**** yourself. If people want to buy real online ads, they’d go to DoubleClick / Google or whoever’s actually legit out there, not some no-name place where people only go to put money in for ROI.
The only industry it’s serving is the HYIP Ponzi industry. Somebody’s going to be left holding the bag, and you’re trying to pretend the bag in your hand doesn’t exist.
Not exactly a healthy attitude.
It’s an implied promise. You invest your funds which are converted to points, you perform pseudo-compliance busybody work and DigAdz convert your points back into a greater than 100% ROI.
Where does this money come from? Newly invested affiliate funds.
That’s pure Ponzi right there.
Whether paying high or low .. paying people to click on ads *only* using revenues from ad purchases is legal, and not a ponzi.
Does DigAdz website indicate the purchase of service is an investment with “interest” — no.
Earnings on DigAdz are according to a point system which points can be earned simply by visiting member ads and collecting points. No purchase necessary.
Bundle Ads do provide a service, and also give points– which would give the clicker a potential earnings but there’s no guaranteed earnings that I can find as an actual guarantee.
I love how you say “implied” — can you give wording on the site that “implies” interest, and guarantees on “investments” ??
AdSurfDaily: The interal method of 1% daily during the week and .5% per day on weekends (without fail) is what made it a ponzi.
AsdS aNDY Bowdoin wasn’t charged with running a “ponzi”
He was charged with wire fraud
Paul Burks of Zeek Rewards wasn’t charged with running a “ponzi” he was charged with wire and mail fraud conspiracy, wire and mail fraud, and tax fraud conspiracy.
Your “ponzi / not ponzi” argument might work on the usual suspect HYIP ponzi forums, but, in the real world it makes no difference what you decide to call it.
(( For all the newbies, Securities Fraud is the legal term for Ponzi ))
A ponzi offers interest rates regardless of market ups/downs. That’s why when the market fell in 2008, ponzis like Madoff’s became very apparent.
People wondered how his rates remained high, and returning interest during a fall-out.
A quick check under the hood, and it was found that he didn’t have the money to sustain interest payments + account principles = Which displayed as Account Balances… and that he had actually been using investor funds to live the rich life.
The interest in a ponzi doesn’t have an actual source, which is why it can remain unfailing.. because it’s fake in the first place.
Connecting the amount earned directly with actual sales revenues means that if someone checked under the hood at digadz, everyone’s account earnings would fully be supported.
Earnings are rewarded according to the ups/downs of sales revenues within DigAdz.
No one that I know of has checked under the hood to verify all the account balances are fully supported… so it would be interesting to see if your accusation is correct… but based upon the fact that sales revenues have dropped, and so have the amounts earned for clicking on ads… it shows me that it’s not a ponzi.
Sure, earnings are paid by revenues of ad service purchases… just like any company selling anything pays only using the sales revenues.
… but show me a statement from digadz.com which is deceptive and fraudulent ?? I’d like to know where “implied” investments and “implied” guarantees of “interest” can be found.
@Charles
Affiliates invest money on points, which are then converted into a greater than 100% ROI, funded by newly invested affiliate funds.
That is a Ponzi scheme.
Sales revenues = affiliate investment. No external money every enters these advertising-based Ponzi schemes.
You yourself acknowledge there’s a lack of retail activity going on. Where else do you think the ROI funds are coming from?
Affiliates invest in DigAdz, who convert the funds to points and then back again to a greater than 100% ROI. The motive behind the investment is the expectation of a greater than 100% ROI.
You’re obviously new to this, but motive and a ROI (implied, guarnateed or otherwise) play a significant role in the determination of a Ponzi scheme.
In DigAdz, nobody would be investing in points without the attached ROI paid out.
This might be new to you but it’s the adverting Ponzi rodeo has been around for years.
Oz — is that a quote from the website? Because all I can see is that people can spend money on ad service, receive the service they paid for, and also receive points… which determines a level # .. and earnings are determined from sales revenues — to collect earnings, the member would need to click on the ad- Customers buying ad service generate revenues which are paid to the clickers.
.. and, although points are rewarded, some buyers have chosen not to click ads to earn…
There are points ads people can click as free members to earn points for clicking.. so no purchase is required to earn.
I see the points system as incentive to remain active clicking, and getting paid to click on ads is another incentive too.
Yeah, like Beejay would make a rookie mistake like forgetting to change the amounts supposedly “earned”
Geez, it’s certainly not hard to fool some people
Err, sorry to burst your bubble, but whether or not there’s an implication isn’t part of the deal
You pay with an expectation of profits in a common enterprise and that profit coming from the effort of the promoter or third party.
N.B. “clicking on ads” with the sort of return being paid by Digadz is not “work”
Meaningless tasks are not “work”
You pay to join in full expectation of profiting.
Whether or not you perform meaningless tasks for amounts far in excess of common standards is completely irrelevant.
What you choose to see is irrelevant.
Affiliates invest funds in DigAdz, DigAdz convert those funds into points and then pay out a greater than 100% ROI. This ROI is paid out of subsequently invested affiliate funds.
This constitutes a Ponzi scheme.
See it, don’t see it, I don’t care – it is what it is and any US regulator that looks into it will see right through the scheme.
But, buying ad service in a financial sense is not an investment.
I guess buying advertising is an investment (in a way) because the intention of advertising something is to increase ones customer base… with the desire to earn more on sales generated from the advertising purchase than was spent on the ad service.
But come on.. buying ad service isn’t the same as investments as you are using, because the buyer receives the services paid for– it would be a whole different thing if the buyer didn’t receive anything but a promise of higher returns.
And even there, I don’t see a higher returns “promise” — but earnings are related to sales revenues and the member qualified to get the ptc ads. Qualifying requires the member to click on qualifying ads.. not simply “pay” and receive a “return”
littleroundman “Err, sorry to burst your bubble, but whether or not there’s an implication isn’t part of the deal”
Oz “It’s an implied promise.”
Actually, that’s what Oz was saying– that it was implied “interest” what?
If a ponzi is paying “interest” from new “investors” — where does it imply or implicitly indicate a purchase of ad service = investment.. and on their investment they would earn “interest”
Let’s be specific here. Interest: “The amount earned, expressed as a percentage of principal, by a lender to a borrower for the use of assets.”
It clearly indicates that a purchase gives the buyer a service, and the company is not “using the asset” — but sharing the revenues from purchases to people clicking on ads. LOL there’s no implied investment / interest situation going on at digadz.
See what I mean about being easy to fool ???
Just like every ponzi before it, all the fraudster has to do is make up a story and there’s always someone who believes it word for word.
Ad Packs, bid packs, banner impressions, sales revenue sharing, paid to click ads for 1000% more per click than any legit PTC site on the planet,
The singer may change, but the song remains the same
hello, charles, stop. stop.
buying ad packages, and earning from other peoples buying of ad packages, is not a business model but a ponzi scheme. the sale of ad packages is not ‘sales revenue’.
just read the comments of people explaining this to you, don’t fly around talking through your hat.
Buying ads does not pay out a ROI, investments do.
The old “we sell advertising” chestnut is nothing new. ASD tried it in court and failed.
Zeek Rewards and TelexFree had affiliates spam the internet, this also failed in court.
The conversion of investor funds into points and then back again into a greater than 100% ROI, funded by subsequent affiliate investment, makes DigAdz a Ponzi scheme.
It’s an implied ROI. You keep harping on about interest, nobody cares.
Ponzi schemes use newly invested affiliate funds to pay off existing investors. That’s exactly what DigAdz does.
so, money is running out eh? digadz has been going for almost five months now, that’s an OK life for a piddly scheme like this.
charles, soon ‘sales revenues’ will halt, as no one new will join up, and all your profit sharing will stop, and like the good little business it is, digiadz will lay down and die.
Interest rates are typically noted on an annual basis.. and if not, Interest is set to a different time frame. So? DigAdz doesn’t guarantee earnings in any amount of time, and therefore isn’t “interest”
Interest is calculated by rate X time. There is no rate, and no time. How could it be considered interest? Oh hum… Newbies, man.. I swear.
AdSurfDaily had 1% daily 🙂 shocker.. this was a calculated amount over time (weekdays) and 0.5% on weekends — Rate X Time = Interest… Oh my gosh I guess some people don’t know as much as they think!
Affixed rate X Time = interest ..
Quickly google math formulas for interest and you’ll easily see by definition, DigAdz is not a ponzi, because it doesn’t offer interest.. and additionally doesn’t offer investments.. It offers ad service, and people can earn clicking on ads– which were paid for, and supplied digadz with money for paying the clicker.
🙂 charles.
it’s not about ‘interest’ it’s about ROI. ROI is not set or prefixed, it fluctuates. ponzi schemes give ROI not interest.
this is the only correct observation you have made. fits oz to the T.
good discovery charles!
Like I said, nobody cares about interest rates.
DigAdz take newly invested funds, convert them to points and then convert these points back into a greater than 100% ROI. This ROI is funded by newly invested affiliate funds.
This constitutes a Ponzi scheme.
Either address this directly or we’re done here.
As mentioned already, points can be earned without making a purchase.. so it makes your argument invalid.
Sure, bundle ad purchases reward points, but banner ad purchases don’t reward points.
Sure, the number of points one receives is 1500 for a $1.00 purchase of ad service… but without a set time, it doesn’t make the earning potential “interest” —
Earning up to $1.50 on 1500 points 🙂 again points can be earned without a purchase clicking on points ads 🙂 without a set amount of time, or guarantee the $1.50 *will* be reached on the 1500 points cannot rationally be considered a ponzi, because for it to be “interest” there needs to be a “t” (time) as part of the equation.
Well, if you’re going to call something a ponzi, which pays investor “interest” using new investor “investments” — the your whole accusations hinges on whether there is factually “interest” being offered.
This is irrelevant to and does negate the fact that affiliates invest funds in DigAdz, DigAdz convert those funds into points and then convert them back into a greater than 100% ROI.
This ROI is funded by newly invested affiliate funds, making DigAdz a Ponzi scheme.
Any further offtopic references to interest will be marked as spam.
How many times does Oz have to say it – YOU are the only one concerned about “interest”
Return on Investment = ROI.
Do you honestly think the authorities are going to say “Digadz doesn’t call it interest, so it is OK”
Take the time to read all the transcripts of the ASD and Zeek cases, and you’ll see the prosecution went to the trouble of pointing out the fact both ASD and Zeek repeatedly told their members not to use the words “interest” or “investment”.
In the end, the fact they had done so actually counted against them.
Courts aren’t as stupid as ponzi promoters and players would like to make out
“It’s not guaranteed and it’s not interest nudge, nudge, wink, wink so it’s not a fraud” might work on the HYIP ponzi forums but not where it matters
(Ozedit: Offtopic rant removed.
DigAdz take newly invested funds, convert them to points and then convert these points back into a greater than 100% ROI. This ROI is funded by newly invested affiliate funds.
This constitutes a Ponzi scheme.
Either address this directly or we’re done here.)
Sure there is. And it’s coupled with an expressly stated “interest situation” in the first post on the MoneyMakerGroup Ponzi forum on Nov. 5, 2014.
This means that Digadz has both express and vicarious liability — just like Zeek Rewards and TelexFree before it. Some of the promoters actually could be charged.
Because multiple serial scammers are in Digadz, it means that soiled proceeds are circulating between and among scams. This makes Digadz dangerous in the way of a train wreck.
That it’s also channeling eAdGear — despite the civil and criminal cases brought against that scheme — only makes it more dangerous.
The unusually consistent advertised daily payout was an element in the ASD Ponzi prosecution, but was not the defining element.
In ASD, as in Madoff, the defining element was taking “new” funds to pay “old” members and otherwise cycling funds within the system to create the appearance there was a legitimate underlying business that funded payouts from “profits.”
Given the obvious infirmity of ASD, Zeek Rewards rose and tried to deal with its infirmity by plugging in some other obfuscations: not expressing a specific daily payout rate, avoiding the language of investments, adding disclaimer language, etc.
There even was an attempt at MoneyMakerGroup to edit a Zeek pitch for “compliance.”
It was all window dressing, part of a constantly evolving fraud narrative that puts lipstick on new pigs. Digadz is a post-ASD, post-Zeek, post-TelexFree and post eAdGear fraud scheme with a tube of lipstick, making it a veritable shrine to the criminal sport of pig-painting.
Zeek’s receiver even used the “lipstick” expression in one of his lawsuits.
PPBlog
When people purchase ad service they receive visitors, and the revenues are rewarded to people clicking. That’s not a ponzi.
Just like Oz collecting money from ad choices when ads are displayed/clicked.
Ads reach an audience on digadz. People want to reach that audience. They want to grow their lists, connect with people in the industry, and refer them to things.
Selling goes like this– you want to do (whatever it is) use this to do it. I can give it to you for X price.
Digadz gives visitors for X price. It’s a purchase of service, not an investment. People clicking on ads receive the money from the purchase according to the points they have earned clicking, or received because of a bundle ad purchase. Not a ponzi.
@Charles
Using newly invested funds to pay off existing investors, based on how much they invest, is a Ponzi scheme.
Bundling advertising credits with investments made is neither here nor there.