My Advertising Pays funds seized for an “undisclosed period of time”
Following in the footsteps of Traffic Monsoon, My Advertising Pays claim their credit card processor has frozen funds for an “undisclosed and unanticipated period of time”.
In an email sent out to My Advertising Pays affiliates yesterday, the company advised;
For reasons that continue to be withheld from us, our credit card processor has elected to place a hold on our USD Reserve Fund, limiting our ability to transact business and greatly hindering members profit share distributions.
Simultaneously, despite heavy pressure, our credit card processor has unilaterally elected to withhold Euro funds for undisclosed and unanticipated periods of time – sometimes upwards of six (6) months.
Accordingly, we are forced to suspend MAP transactions, both financial and otherwise, until these credit card processing issues can effectively be brought to a close.
Here’s one pretty solid reason for the freeze: My Advertising Pays is a Ponzi scheme.
With the regulatory shutdown of Traffic Monsoon (My Advertising Pays uses the same adcredit Ponzi model), payment processors have been put on notice via subpoena.
It’s expected that processors identified as having profited from processing Traffic Monsoon funds will be subject to clawback litigation.
Prior to the SEC shutting down Traffic Monsoon, Paypal froze the company’s funds for six months. The fund seizure itself marked the beginning of the end for the scheme.
Knowing full-well how Traffic Monsoon turned out, Mike Deese (right) and My Advertising Pays have trotted out the same legal threats Traffic Monsoon made.
Needless to say, we have consulted with our attorney and – without immediate action on the part of the credit card processor – we look to institute legal action in order to recoup these funds immediately.
With My Advertising Pays’ processor likely already working with regulators (legitimate processors are required to file Suspicious Activity Reports with authorities), a release of funds is unlikely.
Stay tuned…
They have also retained the Law Office of Dewey, Cheetham and Howe. I’m sure this will come to a close soon.
Firoz Patel at Payza again holding money. He will blame someone else that funds gone missing like for others in the past.
If you look at the evidence on the map scam fb page you will see that VX gateway is likely owned by map and no outside government agency has frozen the funds.
We all believe that it’s all lies because they cannot pay or they already escaped with the loot, all the pimps FB pages have been wiped of all involvement including Deeze nutz page.
Someone should report VX as they only have maps as a customer (strange) and surely is a money laundering scam like LR.
according to the FB page ‘My Advertising Pays – Scam’, MAPS was using two processors ie VX gateway and ‘solid trust pay’ [STP].
an affiliate communication with STP yesterday did not indicate that STP had frozen/withheld MAPs funds.
an affiliates post on FB yesterday indicates that VX gateway has frozen/withheld MAPs funds.
the problem is that MAPs and VX gateway are very very highly probably One And The Same!
according to the FB page ‘My Advertising Pays – Scam’:
MAPs and VX gateway have the same three representative offices in mauritius, georgia and azerbaijan!
MAPs is VX gateways only client.
IMO, the shutting down of TM , has michael deese and his cohorts running scared and they are using this opportunity to shut down MAPs and squirrel away all the money for themselves. MAPs was probably going to crash anyway as it was a reboot of MAPs 1, and reboots fail faster.
now deese&co and promising anotther comeback. i don’t think they’ll repeat a revshare this time around.
they will start something new, or sell their affiliate base to another ponzi/pyramid scheme for a load of money and top positions for themselves.
you can check out the details here:
facebook.com/My-Advertising-Pays-Scam-788704724492200/?fref=ts
VX Gateway might be a shell company using another company for processing.
Like how OneCoin use IMS International Marketing Services GmbH and other shell companies to open up bank and processor accounts with.
Peter Lewis is behind vx gateway which was set up just for maps.
It’s hilarious how people scream fraud and quote the authorities when it all goes tits (on the FB page) up but honestly you have no-one to blame but yourselves and your greed. Deese will come back with the next scam and you morons will jump all over it.
In fact I believe they already have a scam set up to push the sheep into called (very inventive i should add) My Paying Ads. Come on cattle the slaughter is calling you again 😛
while the booths and micheal deese have conveniently mopped up their facebook pages and disappeared, simon stepsys cant seem to let go of his addiction to posting images of cars and cash and his own sorry ass.
this is naturally upsetting to members who unlike stepsys have not yet been able to steal their share of money from fresh investors:
really stepsys! fooling and lying to others is an er, ‘talent’, but fooling and lying to yourself with leased stuff is a hoot.
could you share some more information about this peter lewis and VX?
The popcorn and drinks were long ago ready for this one.
mike deese and tony booth were supposed to attend a MAPs recruiting event in germany, but of course could not make it with MAPs now being shut down voluntarily.
booth and deese both recorded video messages for the german audience.
booth said some crap about the MAPs servers being too small for their growth, and their funds being processed through many banks and processors and landing in a holding account where they may be blocked for an unknown amount of time. see if you can make some sense of his BS:
vimeo.com/183299117?ref=fb-share
deese promised a new bright future for MAPs members.
[a portion of deese’s address translated from german]:
i get the feeling, deese is selling MAPs affiliate base to another ponzi/pyramid scheme. could it be onecoin?
Mike Deese is getting ready to shut down MAPS and run with the money, which is currently in lucrative off shore accounts in Panama.
VX Gateway is owned MAPS. So the Booths are trying to hoodwink victims, that they are having legal problems with their own processor.
Bad news for MAP members as 98% of them have lost all their money as their is no legal redress and Deese knows it
It was only last weekend Simon Stepsys was in Spain doing a MAPS presentation, a few minutes which was recorded.
The presentation was in English with a Spanish translator. I don’t think those Spanish punters will be very pleased now.
Shortly before, near a swimming pool, he recorded himself saying MAPS was for life and to read his lips. I’m not sure if those recordings are still online or not.
the MAPs website is up again but ad packs cannot be bought and there is no profit share payout.
all affiliates can do is sit around like morons and click on their daily ads quota.
i guess mike deese & co want to let the affiliates down ‘gently’. keep them hanging on to hope and not demanding repayment of their investment and kicking down their front doors. in the end they can say – hey! we really tried, butttt….
in the meantime they will introduce some new scheme and induce affiliates to join them in the ‘next biggest idea Ever!!’
so much for simon ‘septic’ stepsys declaring that Maps Is Forever!
he has posted a video yesterday saying that while the MAPs management works through the problems, people need money Now, so please attend his event where he’ll teach you how to make instant money!
watching ‘septic’ invokes the same reaction as when a rat gets into your home – disgust and horror. merely looking at him makes everything seem unclean! yuck.
VX gateway the payment processor owned by MAPs has gone into liquidation.
i guess this means MAPs affiliates can forget about their profits and their initial investments. it’s all gone!
meanwhile MAPs ‘management’ is pretending to have its attorneys in ‘talks’ with VXgateway and saying a case may need to be filed.
all this^^ is of course crapola and MAPs is doing what ponzis do – shut shop and run.
andrew penman of the Mirror, UK, has a new article out capturing the demise of MAPs – ‘My Advertising Pays promised to pay just for clicking on online ads – now it’s not paying at all’
it has several mentions of simon stepsys:
tony and lynn booth, who have been rumored to be the real owners of MAPs also get a mention:
penman has generously included mug shots of stepsys, the booths and mike deese in his article.
will it be fun to drive around in expensive cars funded by MAPs victims money, when people point and say – hey, that’s the thief we read about in the mirror!
doesn’t sound like fun to me!
mirror.co.uk/news/uk-news/advertising-pays-promised-pay-just-8986814
I have 4000 pounds stuck in MAPS, any ideas to get it back.
The individual who recruited you would be a good place to start.
If Mike Deese is a disabled veteran, he could be pulling down $5000.00 or more, tax free from the tax payers of the good old USA!
Will Ebert, mike deese is indeed a Veteran of the United States Air Force.
He is a very cruel and callous little man. And yes, he collects several thousand dollars a month from the United States government.
He was stationed in England in 2002, which is when, I believe, he met the Booths.