ASD Cash Generator

Well I tried to post a link from the Tulsa Today newspaper about this ponzi scheme, but apparently they don't want to publish it here. so I'll just ask, "Anyone know for sure about the Legality/Illegallity of this scheme"?

I have friends who blindly have dumped thousands of dollars into what looks to be a definite fraud of PIPS caliber in hopes of striking it rich. Anyone with info please post it here as the moderator won't publish the article.

They have to approve any posts with links in them. I've copied the text of the article below.




ASD Cash Generator considered fraud
By David Arnett
Tuesday, 15 July 2008

A new “make money without even trying” phenomenon is heading to Tulsa in the near future – but one man hopes to derail what he claims is a potentially fraudulent economic train wreck for those who buy into the company’s Web site ad-selling scheme.

According to its own company line, ASD Cash Generator (ASD) is a “gateway to financial independence.” But according to one insider, it is a fraud which is inevitably moving towards collapse – and one that will hurt thousands who do not fully understand the program or the financial numbers provided. And regardless of which one is right, ASD surely raked in a respectable wad of dough at a July 12 convention in Miami, FL, and it will probably do so again on August 23 in Tulsa, as the mega-money program travels across the country this summer, dragging with it the potential to make millions from other people’s greed in the process.

Whether through its Web site or its wandering convention circuit, ASD’s pitch is straightforward: You, too, can earn money by purchasing advertising packages on the Internet and convincing others to do the same! Purchasers “earn rebates up to 100 percent of their ad cost” and “can also earn an additional 25 percent.”

At first, the premise had sounded good to the caller – we’ll call him “Robert” – who recently contacted Tulsa Today and major newspapers and media outlets throughout the nation where ASD conventions had been held or were scheduled, anxious for his cautionary ASD-related tale to be heard. As a print publisher since 1985 and an Internet publisher since 1996, I decided to hear him out.

After some of his friends and relatives had invested in ASD, Robert – requesting confidentiality due to his ties with potential victims – had carefully reviewed the company’s promises and procedures, and had looked at the numbers those promises were based upon. He said he was outraged by what he considered the company’s fraud, but if he called the public’s attention to it, he feared ASD would almost certainly collapse and, in doing so, hurt his friends, colleagues and family. He became convinced that if he remained silent, his people might recover their investments, but thousands of others could – and, most likely, would – suffer negative consequences.

“People are buying these ‘ad packages’ with the hopes and dreams of big pay-offs,” Robert said. He doesn’t believe ASD is stable enough to support its mega-money claims.

ASD claims not to be an investment service, and that ASD members are purchasing advertising packages. Its Web site explains how participants can make money: “You are paid 5 percent up to 10 percent commission on all ad sales, banner ad sales and ebook sales you make personally. You are paid 3 percent up to 5 percent commission on all ad sales, banner ad sales and ebooks sales made by the advertisers you recommended.”

The verbiage continues, “An advertiser may pay a monthly membership fee and reduce cash-out fees, increase referral commissions and decrease the number of sites to view on a daily basis. The amount of your monthly membership fee determines the number of times you can cash out each week, the amount of your referral commissions, and the number of sites you must view each day to receive your rebates.

“If you do not pay a membership fee, you will be paid a 3 percent referral commission on all of your personal sales only. When you pay a $10-per-month membership fee, you earn a 5 percent referral commission on your personal sales and 3 percent on your second level sales. When you pay a $25-per-month membership fee, you earn a 7 percent referral commission on your personal sales and 4 percent on your second level sales. When you pay a $100-per-month membership fee, you earn a 10 percent referral commission on your personal sales and 5 percent on your second level sales. This can mean a tremendous amount of income to you – and you decide which is right for you.”

Robert summarized his understanding of ASD’s philosophy: “If you buy a $10,000 ad package, you get 10,000 ad credits – which earns you $100 a day for 125 days. Thus, in 25 days, you would get back $12,500. That’s a $2,500 profit.”

Robert said ASD appears to offer incentives for larger ad packages which seem to ensure larger payouts. “As far as I know, there is a running promotion on the Web site that agrees to match your ad package credits (investment) at 1.25 times the amount,” he said. “So $10,000 gets you $12,500 x 125 days, which is $15,625 – a profit of $5,625.”

He continued: “At all previous conventions, they offered promotions to double ad package credits to the purchasers and also match the amount to the person who initiated the sale. In addition, the immediate up leg gets 10 percent commission and 5 percent to next up leg.

“So $10,000 gets the purchaser $20,000 in ad credits – and the up leg guy gets $10,000 in ad credits, as well. This creates insurmountable accounting issues. In addition, ASD receives 50 percent of all revenue generated. This is the whole reason why the myth of riches and pay-offs continues to be perpetuated – even though there is no money left to pay out,” he concluded.

On the surface, ASD seems to be making the big money it needs to make the big payouts, but Robert isn’t so sure that life will continue to be rosy for the company and its participants.

“Take the last convention in Tampa as an example – that gathered $40 million in purchased ad credits. ASD gets $20 million off the top. Commissions are paid at 10 percent to the first leg and trickles up to total 11.1 percent paid commissions. Commissions are paid at 5 percent to the second leg, which also trickles up to equal 5.5 percent to reach a grand total of $6.6 million in commissions paid. Of the total cash ($40 million) gathered, $20 million goes to ASD and $6.6 million goes to commissions – which leaves only $13.4 million to be distributed towards payments promised to ad credits,” Robert said.

“Ad credits are $40 X 2 for the double promotion, plus $40 million for the match up leg promotion – which equals $120 million, paid at $1.2 million a day for 125 days. They can only pay these people for about 11 days with the cash on hand. From my best research, there have been five conferences/conventions in about 30 days which have offered double promotions,” he said.

“By the time the ASD conference hits Tulsa, the company could be $1 billion upside-down. I don’t see how anyone in Tulsa could get their money back out of this program. In fact, the odds are that no one, even as early as Saturday in Miami, could get their money back out,” Robert added.

“The argument from ASD is that they have additional streams of income. By requiring ad purchasers to surf, ASD asserts this activity creates value. However, given the promised payouts, outside revenue is irrelevant, insignificant and appears to be no more than a smokescreen,” Robert said.

Robert said he felt a personal calling to warn the public against buying into ASD’s web of false Webvertising.

Later, by e-mail, Robert asserted, “ASD charges one dollar for each ad package, and each ad package includes one credit. One credit equals one showing of your Web site (or the Web site of your choice). In my best assessment, the market value for one hit on your Web site is 1 cent or less, which is less than one percent of what people are paying for each ad package. Furthermore, the vast majority of the purchasers of ASD ad packages that I know are using somebody else’s Web site and don’t have any intention of utilizing the advertising services.”

However, Robert claims that ASD is careful to avoid rules governing ‘investments’ and ‘deposits.’ Terms and conditions posted note, “All payments made to ASD are considered advertising purchases, not investments or deposits of any kind. All sales are final. ASD does not guarantee any earnings and/or rebates. All rebates paid to advertisers are for the service of viewing other advertiser’s Web sites. All commissions are for referring advertisers to ASD. All advertising purchases are non-refundable after the passing of the 3 days right of rescission.”

To be sure, ASD Cash Generator doesn’t make it easy to understand its machinations, but it does appear to want to make it clear that its participants are bound by their decision to affiliate with the company.

From my own Web publisher’s standpoint, the ASD program appears on its face to be insane. Web site traffic creates value only when real customers respond to that advertising by purchasing products or services from the advertiser. Tulsa Today is successful not simply because we reach over 100,000 unique readers per month (2.8 million page views and 5.5 million hits in the last year alone), but because our readers respond to Tulsa Today advertising and discuss our news – which generates more advertising impressions and creates more sales.

To think that anyone could earn money by viewing Web sites when they have no interest in the content or advertised products of such sites is just silly. The old saw, “If it sounds too good to be true, it probably is” would probably be a good phrase to remember right about now.

But the cracks in ASD’s foundation are beginning to show.

Currently, it appears that each conference/convention provides just enough cash to keep participants hopeful. In apparent propaganda, the company claims the tremendously positive response of the program has caused accounting process to be overwhelmed. A recent e-mail sent by ASD said, “The new ACH cash out process for U.S. members should be online, hopefully, tomorrow and the office will be back on track with cash-outs. There was a delay with cash-outs while this new service was put into place to replace direct deposit cash-outs. Also, Bank of America will now be handling the live check cash-outs for ASD. ASD will send the information to Bank of America and they will print and mail out the checks for us now. There was training involved with the Bank of America folks, teaching the ASD accounting people how to do the new ACH process. All of these new processes played into the delay of recent cash-outs. Again, please be as patient as you can.”

In addition, many members requesting some or all of their money back have been given the “Devil-in-the-Detail Shuffle.” Yet another e-mail from ASD points to the submission of conflicting names as a major issue in payment delay, saying, “Please make sure that you have a W-9 submitted to the ASD office (U.S. members only) prior to requesting a cash-out. Also, you must make sure that your name on your ASD Web site is exactly the same as what you have on your W-9. If there is even the slightest difference, then your cash-out will not go through.” Apparently, many members signed up as individuals, but turned in their W-9s with business names and tax ID numbers, which ASD claims has been a factor in the delay of payments.

In addition to last Saturday’s convention in Miami, events are scheduled for Saturday, July 19 in Arlington Heights, IL (outside Chicago); Saturday, August 23 in Tulsa, OK; and Saturday, Sept. 13 in Anaheim, CA – a two-day, quarterly ASD Conference called a “Mini-Convention.”

A cynic might suggest that there’s good money to be made outside every ASD conference/convention – just offer to save potential attendees thousands of dollars for a cool hundred bucks – then hand them this article and a simple business card inscribed, “Keep your money in your pocket and run like hell.”

thanks for the warning!!!

Originally Posted by Unregistered

They have to approve any posts with links in them.

I did quote the article and I also posted the web URL for reference to the source, but for some reason they refused to give it permission. Maybe they are involved as lawyers working for ASD since they are both in Florida.

My point is that family and friends have dumped thousands into this program and some even borrowed thousands to expedite their chances of getting RICH even quicker. We've had some heated debates on this and I just wanted other thoughts on what appears to me to be a real fraud.

As long as I have seen these Auto/Self Surfs, there is never any legitimate company that would ever advertise with them because it's members who view sites are not interested in purchasing products or services, they simply want to get rich quick. Most of the biz websites you see in these things are other ponzi schemes being promoted. If there are legit biz websites, it's because most don't actually have their own website and they pick and choose to satisfy the complience terms.

I just want to know ahead of time what to do when it goes down. I did mention that maybe WLD could help in some way. Maybe they did'nt like that.

Once again LynnRE of Eagle Research Associates of Mission Viejo, California are making an investigation and calling this one a scam as well. Safe and Snug behind the Orange Curtain won't protect them from Andy Bowdoin's lawyers for all his slanderous & Lible statements.

Originally Posted by Unregistered

Once again LynnRE of Eagle Research Associates of Mission Viejo, California are making an investigation and calling this one a scam as well. Safe and Snug behind the Orange Curtain won't protect them from Andy Bowdoin's lawyers for all his slanderous & Lible statements.

Not slander or libel if it's true. And in the process of any action Mr. Bowdoin will have to make disclosures to show that it's not. For some reason I doubt that he's prepared to do so.

Originally Posted by Unregistered

Not slander or libel if it's true. And in the process of any action Mr. Bowdoin will have to make disclosures to show that it's not. For some reason I doubt that he's prepared to do so.

most certainly. this guy Bowdoin is going down and everyone making the so call profits will be forced to pay it back. They are conning people around the United States claiming George Bush and Dick Cheney are on board.

ASD Convention coming to a city near you. Lock up your wallets.

So I just come across this forum and I am an ASD member. You guys are hilarious. It is so funny to read how stuff gets twisted. Bush and Cheney are on board with this....LOL....where did you get that from???

Either join ASD or quit your complaining!

Originally Posted by Unregistered

So I just come across this forum and I am an ASD member. You guys are hilarious. It is so funny to read how stuff gets twisted. Bush and Cheney are on board with this....LOL....where did you get that from???

Either join ASD or quit your complaining!

It would seem to be a diliberate attempt on the part of the ASD organization for set up a poster at the various conventions showing a phony award given to Right-Wing Republican Party Donors who receive an award , not for being a Business Man of the Year , but simply a classless donor to a political dinner. The impression given is that Andy is on good terms with George W Bush and Dick Cheney and that this could not possibly be the scam it really is.

My sponsor has tried nearly daily to get one of his downline people credit for a bank wire transfer that ASD refuses to accept.

He even went so far as to get a multiple party phone call with the Bank Manager, his client and the ASD Customer Service after having to wait for a few hours from a very early phone call to get the Bank to open. They sent them screen shots and every possible means to explain the situation and plead their case.

Even after all of this, and though the $500 may not be a lot to some people, my sponsor and I included are not high rollers as some people in this program. But $500 is a pretty substantial sum to just have it lost. I guess that is why they are fazing out wire-transfers. This fact alone is very disturbing and it is a fact, and my sponsor calls to try to get as high up in the food chain as possible and nothing.

Why is this bad business tolerated when they could have very easily given matching funds away for no work or give Global Rebates for no work also on our parts. Why could'nt they just accept the Bank Manager's statement and screen shot proof that indeed $500 was sent in and because Bank Wires are hard to send here with the right member and just give the poor beginner his purchase into the program.

Does this seem right to you ?????? And why does it take hours of Customer Service time with new green employees that hardly know what's going on to try to rectify this ????? My friend says he will try to continue this fight to try and get the Bank Wire transfer recognized and will if necessary go to his own pocket to make this right.

So here is one incident that causes doubts in three people and maybe more from reading this experience. But the BALL is rolling so fast now that it does'nt matter to them for a measly $500, when they have clients that have $$$$$$$ involved in this venture. And they can payout maybe millions in Global rebates and convention matching funds, just does'nt seem right, especially when all the info is present to straighten this whole thing out.

I'm just going to try and recoop my initial $1000 and then play with what ever funds that are left. But the site has been down so much and so many dates, and promises come and go, it really makes a man wonder. I don't harp on this, but have brought it up for our groups general knowledge, I am not a distractor or onw who is putting this venture down, just wondering why such things as simple as this even exist. Especially when they gave so much away. I guess if it was $50,000 it would be taken care of , what do you think ?????

I have my plan and will stick with it. That another ASD member has given me for, Thank You. They know who they are! We all want the same success here, just nothing spectactular, just to be dealt with honestly and professionally.