AdHitProfits Review: 125% ROI scheme
There is no information on the AdHitProfits website indicating who owns or runs the business.
The company’s website domain (“adhitprofits.com”) was registered on the 18th of March 2013, however the domain registration is set to private.
Several AdHitProfits affiliates are naming a Charles Scoville as the owner of AdHitProfits.
On his Facebook profile Scoville describes himself as an “entrepreneur” and “home business owner”, with several comments left on the page confirming his ownership of AdHitProfits:
A Google search reveals a long history of Scoville launching low-level investment opportunities, pay to click and pay to advertise sites. Scoville is/was also an affiliate in the well-known pyramid scheme, Tvi Express, under the account “tvivacation_ws”.
AdHitProfits appears to be but the latest installment of Scoville’s numerous income schemes.
Read on for a full review of the AdHitProfits MLM business opportunity.
The AdHitProfits Product Line
AdHitProfits has no retailable products or services. Instead, affiliates sign up to the website and then purchase “shares” in the compensation plan.
Bundled with each share is a directory listing, with the directory full of referral links for several questionable income opportunities.
“1000 visitors” are also promised with each share purchase (via the directory listing), with affiliates being required to click 10 listings in the directory daily to qualify for commissions.
Affiliates are also able to purchase banner advertising for display on the AdHitProfits website itself, however this advertising is not attached to the AdHitProfits compensation plan (non-affiliates cannot purchase it though, so it’s still a non-retail revenue source).
The AdHitProfits Compensation Plan
Affiliates purchase $45 shares in AdHitProfits and in turn receive a 125% ROI. No timeframe is given for the ROI to be paid out.
Affiliates who recruit other affiliates also receive a 10% referral commission on any money invested by the recruited affiliate.
Joining AdHitProfits
Affiliate membership to AdHitProfits is free, however affiliates must invest in company shares if they wish to earn any commissions.
Conclusion
Taken from the AdHitProfits FAQ:
Is this MLM, Matrix, HYIP, Autosurfing, Investment site, Ponzi or any of those fly by night deals?
No way! That’s exactly why we are splitting the profits with members and DON’T pay members with OTHER members cash!
AD HIT PROFITS is a up and up business with great advertising services and is in NO way an investment site.
AdHitProfits don’t pay members with other member’s cash? Phew, thank goodness for that. I was about to call it as a straight up Ponzi scheme.
Oh wait…
Can we get a refund if we want?
NO REFUNDS! We share the revenue from your purchase with all members.
The moment the payment enters our system, it is no longer ‘your’ money, and it certainly isn’t ‘our’ money. It belongs to 100% ALL members because we shared those funds with EVERYBODY!
Given that affiliates make all the share “purchases” in AdHitProfit, AdHitProfits do seem a bit confused about what they are.
Allow me to clarify: If you take payment from an affiliate, guarantee a ROI (implied or otherwise) and pay it out using new investor money, you’re a Ponzi scheme.
And before anyone tries to pull any “but affiliates are buying advertising” garbage, here’s more from the AdHitProfits FAQ:
This is great can I get more than 1 share?
YES! You can purchase unlimited shares.
Whilst the evidence that AdHitProfit is a Ponzi scheme is overwhelmingly conclusive, it is noted that AdHitProfits owner Charles Scoville is a “professional magician”:
I haven’t entirely ruled out the possibility that Scoville has worked out how to conjure up money out of thin air, however unless evidence to the contrary surfaces I’m going to stick with good ol’ fashioned Ponzi scheme.
You know how these things go folks, once new investors stop pumping money into the scheme everyone’s ROI comes crashing down and the scheme collapses.
What is it about magicians and financial scams? Sheesh. First Burks, and now this…
Maybe after deceiving people for so long as a magician you start to believe you can get away with anything…
Obviously a hyip scam. Site looks like gold poll or some other hyip “monitor” site.
It fits perfectly.
“Watch your money carefully…
now you see it,
now you don’t”
“125%”.. where have i heard that before???
Another Ad Ponzi? 🙂
What’s funny is Scoville launched one combining scams… tvibux
I am a member of AdHitProfits and challenge you to do additional research and learn more about this program as your information is incorrect.
This link will take you to a video introduction featuring the owner of AdHitProfits. There he also explains what a “ponzi” is.
Also, Charles is in no way hidden. He is readily available to all members via support ticket through the site as well as several Skype rooms and Facebook. He generally answers all questions rapidly. I can personally attest to this as I have asked many!
Rightio chief.
Charles Scoville: “You put in blahblah and get back 100% plus an additional 25% for a total of 125% back. Some people are going “wow, isn’t that a Ponzi?” but it’s not – because a Ponzi scheme is an investment. We just give you back 125%…
A Ponzi is a Ponzi is a Ponzi.
You put in $x into AdHitProfit and receive a 125% ROI as affiliates make new investments.
“We’re not a Ponzi scheme because first money comes in and then we give it out.”
Scoville’s full of shit, as long as any Ponzi scheme continues to receive new investments it’s “sustainable”.
Which part? Random baseless accusation of “wrongness”.
His definition is WRONG. Citing of fake authority.
Try a real one: http://www.sec.gov/answers/ponzi.htm
Nobody said he was hidden. Strawman argument.
I’ve been involved in another of schemes online, and they all fail because the money they state in your eWallet does not exist. This one is completely different, as the eWallet money exists and you have to do your clicks to qualify for the revenue sharing.
In addition there is a real product to the website in the advertising banners, which prove to not only increase your Alexa rank but your web statistics.
There are thousand of people who’d pay the $45 just for the statistics, as I get 100 hits per day.
If you don’t believe me sign up generate some money from your clicking shared revenue and press withdraw, I assure you you won’t wait long for your withdrawal.
PS: this scheme will always get investment because people need their statistics and there are so many money making opportunies that want to advertise there, as their is a real product behind it. It’s profit sharing.
There is nothing wrong with wanting to click on your ads, and there is nothing wrong with increasing your statistics.
If your a money making website you’d have literally thousands of people looking at taking notice of your ads.
This is evolving so the chances are by the time you’ve read this something else will be added to the website to share revenue streams.
@Angelo
What are you talking about? You invest as an affiliate and that money is paid to existing investors. Your ROI doesn’t exist until new investors come on board or existing investors re-invest.
Clicking ads is neither here nor there.
Irrelevant to the flow of money within the scheme, which is new investments paid out to existing investors.
That money comes from affiliates who have invested.
Given that there is no advertiser value showing ads to Ponzi scheme participants only interested in qualifying for their ROI, the potential advertiser market outside of the affiliate base is non-existent.
This is hardly a new model mind you, the Ponzi-advertising combination has been around for at least five years now.
12DailyPro, forerunner of Ad Surf Daily, started in 2005 and was shut down by SEC in 2006. So it’s a lot more than 5 years.
I received the following psuedo-compliance clarification from Angelo above via email, including it here for transparency:
Not calling oneself an investment company is also a characteristic of Ponzi schemes. Both Andy Bowdoin’s Ad Surf Daily and Zeek Rewards repeatedly called themselves “not an investment company”.
As AHP just admitted it’s not a MLM, that pretty much means Ponzi scheme. 🙂
Only a couple of months old and this one is already becoming infested with the rats who are abandoning the sinking ‘Banners Broker ship’, (Bardur Gunnarson – BB ‘IC’ for Iceland, Neale Poorcock – BB ‘IC’ for Spain, Fraser Douther – BB ‘IC’ for Cyprus).
People such as this are nothing more than Cyber Cannibals, they will feed on you given half a chance!!
This ponzi is having some problems, but naturally it’s not their fault.
From Google cache:
“We got hacked”… an excused used by many Ponzis… Zeek, and TelexFree. Will this be next? Hmmm… What will Mr. Scoville’s next “trick” be?
Another update:
Hard to believe that there are “many, many unscrupulous and unethical members” who would grab and run with money that wasn’t theirs. 😉
Clawbacks?
I can imagine the dialogue they must have had in the management when it was discovered. 🙂
“WHAT??? How could something like this happen? We have solely tried to attract members of high ethical standards just like ourselves, and now THIS? Many, many unscrupulous and unethical members grabbing the payouts and running to withdraw as fast as they can?”
You can “manipulate currency exchange” in STP to cause OTHER people to get paid through AHP?
Sounds like what they’re saying is someone initiated a large bogus transaction through STP using something OTHER than USDollar to AHP. AHP went ahead and started crediting all the other people’s STP eWallet with funds from *that* purchase.
When that bogus transaction was discovered to be bogus (probably a bad foreign check or something) STP reversed the transaction into AHP’s eWallet, but AHP already transferred funds into the members’ eWallets and the money’s already gone.
If anything, this proves beyond reasonable doubt that they’re running a Ponzi scheme.
You have to admit the irony when a Ponzi scheme falls victim to a check kiting scam…
AHP is back now
AdHitProfits is sinking and sinking fast! It’s now paying peanuts, if anything!
The program it’s self is a ponzi, you are paid from investors money. There is no disputing that this is a ponzi. The fact that they have tried to link an advertising platform to this does not dispute what it is.
If you buy a 45 dollar pack, on today’s rate you’d have to click every day for the next 30 months to get your 10 dollar minimum withdrawal. It’s estimated that you’d have to do your daily clicks for 5 YEARS! before you can see your 100% money back.
5 years to make your money back, sounds very promising!
Let me not even mention how poor the advertising. To even consider this as an advertising platform is an insult to all major advertising businesses such as Facebook and Google.
Anything advertising on there is either a scam or a ponzi, which raises a few eye brows to say the least.
Charles Scoville (the admin) comes across on all YouTube videos as being nice but I can assure you he is anything but nice. He is running into cashflow issues and he is booting people to cope with this.
Do yourselves a favor, keep away from this, and if you’re already in click for however long your time is worth it get back your money.
Do not give your money! Charles Scoville – stole from me! Do not believe it – it’s a thief, a scoundrel and a bastard! Him a place in hell! He’ll go there!
I was a how can we say a very astute member with Scam Hit Profits and the information i hold can bring Charlie and his merry band of bandits crashing.
My information is pertaining to the alleged $60Million FRAUD
Yes Mr Chang, Charlie and his cohorts have definitely managed to make people believe that Scam Hit Profits was apparently scammed….the thing is ADHITPROFITS IS FOR SURE A SCAM.