My Paying Ads Scam and TT3 Scam

My Paying Ads is in major trouble.

All withdrawals have ceased and Ad pack sales have been stopped. Uday has decided  to reset everything and start again - dressed up as Plan B - just like TT3 has done (and My Advertising Pays for that matter).

It seems to be standard practice for all closing Ponzis to just re-launch. Reset. Acquire new funds from the gullible and start again with a clean slate.

And they all seem to know each other as well - like Charles Scoville of Traffic monsoon and Mike Deese at My Advertising Pays/The Advert Platform - all friends together on Facebook. 

And then there's Fobbs and Uday, a true Bromance.

The different thing about Fobbs through is, he is incredibly arrogant and is not in the least bit ashamed of having a go at the people who have made him rich. 

Humble, he aint...

Fobbs Jefé‎ to Triple Thr3at Marketing

1 hr · Bensley, VA, United States ·

Letter to Uday Nara, Regarding MPA.

Thank you Uday. I know personally you did all you could to maintain. The problem is people simply don't understand that revenue sharing does not mean guaranteed income. Uday paid out for 2 years with minimal issues and gave all he could. Keep your head up brother and pay no attention to the back stabbers. Your comment thread i MPA looks exactly like ours 1 year ago when we ran out of money to pay. It's ridiculous, but just goes to show that not all people parading as adults can deal with adult decisions. We paid out 4 million and Uday paid out a staggering 47 million and yet we were both called scammers.

Do they really expect that you owe them? As if the ad credits were just smoke and mirrors and were not usable. As if your terms and conditions don't say earnings aren't guaranteed. They want a FREE ride to wealth. And when they realize that, that's a false reality they blame us, the owners. Never reflecting on their own decisions to not only buy ad packs but in most cases to then not promote at all and expect money to rain in their accounts forever.

Welcome to the real world folks. Get off your ass and contribute to the cause and maybe this won't happen over and over. For those who do contribute, thank you. The industry appreciates your efforts and we will continue to build with the help of the ones who get it.

There is hope for revenue sharing. But it takes an entire community with one agenda to accomplish that goal. We will keep striving until we put it all together. Never give up! We never will, neither should you Uday.

Thanks brother.
TT3 Owners.*************

This quote from Fobbs confirms TT3 is a Ponzi. He says it's only continuous sales that will sustain payments. Which means new money pays for older affiliates requesting withdrawals= PONZI 

Rewind to February 2017.
Uday was stalling, and it's all come to nothing.

Fast forward to May 2017 and it's all over bar the shouting.

Uday is going to Plan B. Which in laymans terms means you can say goodbye to your money.

Uday Nara
23 hrs




#MPA and #MPCA Announcement (15th May 2017):

Dear MPA/MPCA Members,

Firstly, we would like to thank all the members and team leaders who have offered their valuable suggestions to continue our journey. We have carefully gone through each and every suggestion before arriving at the possible options to find the solution for the current stalling at MPA and MPCA, respectively.

We have also carefully analyzed the revenue generation in the last one week and possible future revenue generation with the current stalling. The revenue generation has been very less but it is also due to the disabling of the withdrawal requests.

There are some serious concerns in terms of the continuity of the business wherein the revenue generation will be good enough to deliver the satisfactory daily earnings. If the daily earnings are not satisfactory, then the stalling may occur again.

Hence, after careful consideration of all possibilities, we came up to the below two options to choose from:

Plan A:

Reset all ad packs and earning balances to zero in every account
Reduce referral commission to 5%
The daily earnings will be set between 0.0% to 2.0% which is variable everyday and which strictly depends on the daily revenue generation
The maximum worth of adpacks that one can buy is of $10,000.
The maximum withdrawal limit per day is: $200. Will vary also depending on the revenue generation.
The minimum withdrawal limit per day is: $5
The maximum withdrawal limit is 3 times to the processor purchase.

Members will be required to complete 16 promotional tasks per day to earn daily;
profit share will start at 0% and then go up based only on daily sales.
These tasks will include posting to Facebook, posting to Twitter, posting to a Blog site, posting text messages to traffic exchanges etc.
Each task of 4 completed, then the members will qualify for that daily set of earnings (25% of the daily earnings for the completion of each task).

More emphasis will be placed on members to promote the business to sustain sales and long term growth.

Below are some important points to note regarding this Plan:

(a) Though the members have bought the advertising services from our programs while revenue sharing rewards are non-guaranteed, we still want to generate the revenue through the sales of other advertising services and through other partner programs and return the amount that was spent on the advertising and hence if we choose this option, we have the defeciet of that amount to begin with. So, this defeciet will have severe effect on the successful continuion of the programs.

(b) There will still be a possibility of stalling if the revenue generation stops, through members not supporting the re-launch etc.
When the revenue is low and if earnings are like 0.1% or 0.5% per day,
new people making purchases will stop and want to wait until earnings get picked up.
But, earnings percentage cannot be increased unless the revenue generation picks up.
So, such situation may lead to stalling again.

(c) Members who lose adpacks now may disappoint and stop supporting the business.
Members who are waiting to receive the seed money may not support the system immediately with dedication and focus.

Plan B:

Stop Adpack sales until further notice and run MPA and MPCA as non-revenue sharing Traffic Exchange platforms.
We see enormous growth in this sector to increase our member base in the new traffic exchanges,
with thousands of online marketers looking to spend their advertising money on a well run modern platforms like ours.
This will generate income for the platforms straight away.
Income generated will be directed to paying members seed money.

There will be one upgrade membership offered at each platform as follows:

$10 or 0.01 btc per month upgrade membership 10000 Banner views per month
50% referral commissions on every purchase to the sponsor

All revenue generated through the continuition of MPA and MPCA Traffic Exchange platforms and our other two upcoming partner programs, CC and the 'dream product' as we have outlined, a local business directory index product,
which will start generating income within 3 weeks from now, hopefully,
will be used to refund to the members who have not withdrawn their seed money balance. This does not affect the partner programs in any way. We are here stating that any revenue generated that would normally go to the admin fund will be used to return to the members.

All Adpacks and current account balances will be made to zero.

The revenue sharing platform will resume operation in early 2018 after building our external revenue generation streams. These external revenue generation streams will help the programs to sustain longer without the possibility of any stalling, hopefully.
The Management's Decision in moving forward:

The majority of leaders and members that we approached, preferred a long term approach to the business and have indicated Plan B as their preferred option.

The management team have agreed with their reasoning for long term stability and growth.

The key points being:

1. 80% of the member base are non marketers and have no wish to promote or
recruit, believing the business model is clicking the adverts and withdrawing the earnings.

2. Only 2% of the active members chose to purchase the suggested $5 booster packs to generate sales
We sold 5000 ad packs which is $25,000. Our sales target every day is $100,000 minimum to pay the minimum withdrawal request amount per day to each eligible member.
Most believed the site would stall again in a short while, making Plan A a short term option,
to be back in the same situation and still having the burden of the seed money to be paid to members.

3. Traffic Exchanges, as a business model, have operated for over 10-15 years and are proven.
Traffic generated will bring in sales to stabilize the business and pay seed money to members.

4. With immediate funds coming from the Traffic Exchanges and the new partner programs starting within 2-3 weeks, the clear profit generated could be given to the member's seed money fund straight away, to start payments to the members.

5. Once the seed money debt is finalised, the business would be stable and in profit, when relaunching with the improved revenue share model in early 2018.

Therefore our decision is to adopt Plan B and move forward.

More details will be shared through a hangout tomorrow. We thank everyone for your great support for our two platforms. Let us continue working as a team so that we can re-launch the revenue sharing platforms soon after building the necessary external revenue generation streams.u

Thanks.

Regards,
MPA and MPCA Management

So, the end result in laymans terms is:

Both My Paying Ads and TT3 (and My Advertising Pays) have gotten away with all the money from their previous scams and just started again as something different.

And until the players get tired of this game, or the authorities step in to shut them down, they'll keep on getting away with it.

Crime really does pay...

Banners Broker - Guilty Plea Gets A Two Year Community Sentence!

On April 27th 2017 Smith and Dixit pleaded guilty to operating a pyramid scheme under the Competition Act. The two principles have received conditional sentences whereby they will serve two years less a day in the community and will be required to pay a $50,000 fine with in two years.


Final Receivers Motion
Spergel (the Canadian Receivers) are to make a Final motion in the Ontario Court on Tuesday May 16th :

http://www.spergelcorporate.ca/wp-content/resources/activefiles/FINAL%20Motion%20Record%20May%2016-17.pdf

A two year Community Sentence is not justice. 

They stole Millions of dollars and caused untold misery.

This is disgraceful. 

It looks like Crime DOES pay after all!

Traffic Monsoon Receivers Letter

May 4th 2017


Dear Traffic Monsoon Investor

I am the receiver that has been appointed by the U.S. District Court for the District of Utah (Court). I want to give you an update of this case.

The Lawsuit

The Securities and Exchange Commission (SEC) filed a lawsuit against Traffic Monsoon and Charles Scoville because it had evidence that Traffic Monsoon was being operated as a fraudulent enterprise. As part of that lawsuit, the SEC asked that Traffic Monsoon and Mr. Scoville be restrained from, among other things, operating Traffic Monsoon, and that assets be frozen for the benefit of investors.

I was appointed by the court to do numerous things, including hold assets that were identified when the case was filed, collect additional assets, and, ultimately, distribute those assets to investors.

Mr. Scoville originally said he would cooperate with the SEC. But, later he filed papers with the court arguing that the court's restraining order and asset freeze should be lifted, and that the receivership should be set aside. The Court held a two -day evidentiary hearing on these requests.

Both the SEC and Mr. Scoville presented evidence to the court. Recently the court entered a lengthy opinion rejecting Mr. Scovilles requests. The Court ordered, in material part, that assets remain frozen, that Mr. Scoville was restrained from operating Traffic Monsoon or any similar business model, and that the receivership  should continue.

Mr. Scoville has appealed the courts decision. This appeal will take some time to be decided by the U.S Tenth Circuit Court of Appeals.During the appeal the receivership will continue.

What is A Ponzi Scheme?

My investigation to date reveals that Traffic Monsoon was operated as a Ponzi scheme. Importantly, the Court, after reviewing evidence that was comprised of information obtained from my investigation, found that the SEC will likely be able to show that Traffic Monsoon was operated by Mr. Scoville as a Ponzi scheme.The operation of a Ponzi scheme is illegal.
The reason for this is that investors are not paid from the profits of an underlying
business, but rather are receiving a return on their investments from funds obtained by other investors who invest money after them.
Thus, when new investors cannot be found or the business is suspended, there is no way to pay investors.

My Role and What I Have Been Doing

I am an attorney who, as receiver, is obligated to report to the court about my investigation and the assets I am holding. I cannot distrubute any assets without Court approval.

 To date, the primary asset is approximately $49 million in cash. It was important for this cash to be secured so that it could be preserved for the benefit of all investors who lost money.
Ultimately, I will propose a 'plan of distrubution' to the Court that will provide for each investor who lost money to receive a share of the cash I am holding.
Please know that I am very committed to proposing a plan of distrubution as quickly as possible.
I have received many communications from investors. All of these communications are being read and registered.
I know that you have been subjected to fraud, and, in many cases, have lost money.
I am working as quickly as I can to propose a plan of distrubution.

But, sorting out Traffic Monsoon's business will take some time. Mr. Scoville kept no traditional business records. As a result, there are no 'books'  for Traffic Monsoon identifying investors, the amount each investor paid to Traffic Monsoon, or the amount each investor received back from Traffic Monsoon.

While some of you have contacted me to give me your information, many have not.
I am required to identify to the best of my ability all investors and to independently determine which investors have claims to the funds that I hold so that all investors are treated fairly and equally.

This requires that I essentially 'recreate' Traffic Monsoon's books.I have taken two primary steps to assist in recreating the books.

 First, shortly after the case was filed, I secured Traffic Monsoons servers. The servers contain electronic data of Traffic Monsoons transactions with investors.
Second, I have been obtaining the financial records held by the payment processers and financial institutions through which Traffic Monsoon did business.

Forensic accountants are using the information from the servers and the third party records to piece together the monies that were paid to Traffic Monsoon by each investor, and the monies each investor received.
This process is time consuming due to the sheer volume of information (totalling almost six million records). 

Once this information is organised and analyzed, I will be in a better position to move forward with this case.

Ways To Obtain Information

I am trying to contain the costs of receivership. Thus, I am not personally taking phone calls or responding to emails. That does not mean that your requests for information are unheard by me.
People knowledgeable about this case that work for me are registering your requests for information and responding to all requests with input from me.
I recognize that there may be some frustration that the information provided is often repetitive.

I understand this frustration, but unfortunately, given the state of the records discussed above, I simply am not in a position to provide more information at this time.
The very best way to get information about the case is on the receivership website www.trafficmonsoonreceivership.com 

I post documents filed in the case on the website and provide updates when they exist.

Now that I know that the receivership will continue, I will be filing quarterly Status reports with the Court, and those reports also will be posted on the website.
Additionally, the website has a link providing information about how to contact me by email trafficmonsoon.receiver.inquiries@dorsey.com and by telephone.Translation services are available if you call the telephone numbers provided.

Please know that if you contact me through these avenues, your requests for information are being heard and registered.

Sincerely,

Peggy Hunt, Receiver.