AdSurfDaily Is Ponzi Scheme
A judge in North Florida has ruled AdSurfDaily is a ponzi scheme after failing to prove it is a legitimate business.
AdSurfDaily has some 93 million dollars seized and did not manage to free the 2 million dollars it had sought to continue under a court approved monitoring provision it needs to stay in business.
The company’s founder is said to be “very disappointed”. His attorney added: “This is bad news for the company and its loyal members and its employees, and for anybody and everybody who was interested in taking advantage of this quite unique advertising opportunity,”
AdSurfDaily attracted about 100,000 customers, which generated more than $100-million for the company. In a system that required members to pay 1$ per view of their web page by other members or visitors on a rotating page, the sales pitch involved a return of 125% of money spent on ads.
Further, the website had an affiliate program and a cash rebate for pay per view.
