WEEKLY RAPORT ON AD GATE WORLD

Updated: 10/23/2008 16:26
Reprints/Permissions  Hyip Monitor
Do you still remember about Asdcashgenerator and Ad Surf Daily, also known as ASD had closed immediately after the company had been raided and the

Do you still remember about Asdcashgenerator and Ad Surf Daily, also known as ASD had closed immediately after the company had been raided and the assets been seized by the Secret Service Agents in early of August.

The General Attorney had filed a lawsuit accusing the company and its owner Andy Bowdoin Jr, as of operating a huge pyramid scheme. According to the lawsuit, the pyramid scheme promoted by ASD is a violation of Section 849.091, Florida Statutes, and a per se violation of the Florida Deceptive and Unfair Trade Practices Act found in Part II of Chapter 501, Florida Statutes.

They also believe this business was a "Ponzi scheme that he masked as an advertising company which located at 13 South Calhoun Street in Quincy.

We found that there is a new program which said to be a clone of ASD which known as Adgateworld.com. This program is still in a pre launch. According to one of the hyip bloggers, this new program is running by some big players in former ASD. He also stated that Ad Gate World is operating in Panama, so the Securities Exchange Commission of United States could not do much to shut the program.

As written on the Ad Gate World, this program promises to pay a return of 125% for members who upgrade and view daily advertisements. Members also have an opportunity to advertise their own business too.

In our opinion, as ASD had collapsed, so will Ad Gate World. Maybe those players who had been the victim and lost money in former ASD want to re gain their lost by running another pyramid scheme and trick other players. And by registering the program offshore gives the owners an advantage to run it more ?heavenly? with less disturbance from the authorities which purported to protect their citizens from giving away money to scammers. In fact, an Offshore autosurf is more safe and secure for the owners instead for the members. 


About the author

Nicole Berger has over seven years experience writing and editing for online and print media. She has held various editor and associate editor positions in some of forefront independent media publications. A consistently dependable team player, I thrive in a high-pressure environment, enjoy the challenges of meeting deadlines and managing a team, and am comfortable researching, writing and editing on a wide range of topics.
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