WSJ.com - FBI, SEC Probe Web Sites Offering Large Returns for Looking at Ads
It's official. 12dp and Stormpay are in an article in the Wall Street Journal. You have to be a member to view it, but a source of mine has allowed me access.
This is the best written article yet. States the facts that have been provided. No BS.
I said it earlier, and I will say it again. I think this is the end of 12dp. I sincerely hope it is not, but there were no guarantees provided by 12dp.
Read below.
WSJ.com - FBI, SEC Probe Web Sites Offering Large Returns for Looking at Ads:
"Last spring, a Web site called 12daily-Pro.com began offering viewers an amazing financial deal: a 12% daily return on membership fees.
All they needed to do was to view a dozen advertisements a day on the Web site, the company said. The site would then pay returns to visitors based on how much they invested in membership 'upgrades.'
Now federal and state authorities are investigating 12dailyPro and sites making similar offers as possible Internet-era variations on a classic Ponzi scheme. Named for Charles Ponzi, an Italian immigrant to the U.S. who gained notoriety early in the 20th century, a Ponzi scheme is a fraud that promises outsize returns to investors but pays them with money from subsequent investors, rather than revenue generated by business.
The 12dailyPro site is among the largest of the dozens of what are called 'autosurf' Web sites that have cropped up on the Internet. With names like Auto.ExchangeTrade.com and vegasurf.com, the sites piggyback on a legitimate trend -- the surge in Internet advertising -- by promising generous returns to members who agree to view their ads.
The pitch on one such Web site, SurfCityAutoSurf.com, is typical. 'Yes, it's true,' says a message on its home page, 'you can actually earn up to $100.00 Daily or $3,200 Monthly simply by autosurfing [watching websites].'
On 12dailyPro, visitors were allowed to become members free. To earn cash, they had to 'upgrade' their membership in increments of $6, with a maximum investment at any one time of $6,000.
The sites have drawn scrutiny amid a widening law-enforcement focus on Internet crimes. The Federal Bureau of Investigation has made Internet fraud the agency's third-highest priority, after counterterrori"
This is the best written article yet. States the facts that have been provided. No BS.
I said it earlier, and I will say it again. I think this is the end of 12dp. I sincerely hope it is not, but there were no guarantees provided by 12dp.
Read below.
WSJ.com - FBI, SEC Probe Web Sites Offering Large Returns for Looking at Ads:
"Last spring, a Web site called 12daily-Pro.com began offering viewers an amazing financial deal: a 12% daily return on membership fees.
All they needed to do was to view a dozen advertisements a day on the Web site, the company said. The site would then pay returns to visitors based on how much they invested in membership 'upgrades.'
Now federal and state authorities are investigating 12dailyPro and sites making similar offers as possible Internet-era variations on a classic Ponzi scheme. Named for Charles Ponzi, an Italian immigrant to the U.S. who gained notoriety early in the 20th century, a Ponzi scheme is a fraud that promises outsize returns to investors but pays them with money from subsequent investors, rather than revenue generated by business.
The 12dailyPro site is among the largest of the dozens of what are called 'autosurf' Web sites that have cropped up on the Internet. With names like Auto.ExchangeTrade.com and vegasurf.com, the sites piggyback on a legitimate trend -- the surge in Internet advertising -- by promising generous returns to members who agree to view their ads.
The pitch on one such Web site, SurfCityAutoSurf.com, is typical. 'Yes, it's true,' says a message on its home page, 'you can actually earn up to $100.00 Daily or $3,200 Monthly simply by autosurfing [watching websites].'
On 12dailyPro, visitors were allowed to become members free. To earn cash, they had to 'upgrade' their membership in increments of $6, with a maximum investment at any one time of $6,000.
The sites have drawn scrutiny amid a widening law-enforcement focus on Internet crimes. The Federal Bureau of Investigation has made Internet fraud the agency's third-highest priority, after counterterrori"
posted by 4Newbies.com at 1:40 PM
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