My Advertising Pays Scam Funds Frozen0
My Advertising Pays Scam Funds Frozen
Ad pack Ponzi schemes have a very similar pattern in how they are run. They start off with a lot of excitement and payments are made on time to old investors. Then over time, problems start to develop when there is not enough money to pay people. Normally there are “technical” issues like unplanned server upgrades and hacking problems. Then there are problems with members with multiple accounts and all kinds of fraud. The final problem is normally the funds of the Ponzi get frozen by the payment processor. My Advertising Pays has reached this point.
Recently, Traffic Monsoon which is very much like My Advertising Pays had their PayPal account frozen and ended up being shutdown by the SEC.
Here is what My Advertising Pays has to say about why they can’t pay people:
First and foremost, let me apologize for the lack of communication lately; and simultaneously thank you for your patience.
Four (4) years ago MAP evolved out of a simple sketch and, since then, has blossomed into a financial phenomenon. More than anything, however, MyAdvertisingPays has provided each and every one of us with an exciting journey and changed thousands of lives all across the globe. Together we have navigated through rough and calm seas, always with our sights focused on the continuing growth and prosperity of our members.
The last few weeks have seen technical issues not previously experienced and credit card processing issues that we are still grappling with. Thankfully these technical issues (resulting mainly from a large data transfer) have all but resolved themselves, and after a brief forty-eight (48) hour shut down on this upcoming Monday (09/19/2016), we plan to be fully operational on Wednesday (9/21/2016).
This being said, however, the credit card processing issues still persist. For reasons that continue to be withheld from us, our credit card processor has elected to place a hold on our USD Reserve Fund, limiting our ability to transact business and greatly hindering members profit share distributions.
Simultaneously, despite heavy pressure, our credit card processor has unilaterally elected to withhold Euro funds for undisclosed and unanticipated periods of time – sometimes upwards of six (6) months. Needless to say, we have consulted with our attorney and – without immediate action on the part of the credit card processor – we look to institute legal action in order to recoup these funds immediately.
Consequently, while our technical solutions allow for business-as-usual to begin on Wednesday (9/21/2016), our credit card processing issues provide no immediate deadline for solution.
Accordingly, we are forced to suspend MAP transactions, both financial and otherwise, until these credit card processing issues can effectively be brought to a close. It goes without saying that this will be a shock to you as it has been for all of us here at MAP. We have put our all into building this amazing product and now are being choked into submission by outside sources.
This all being said, while slowly and painfully trudging through the effects of our credit card processing woes, we do have some fantastic developments. During the course of our expansion and growth, we have been lucky enough to garner the attention of a number of large corporate partners. As luck would have it, we have begun discussions with a number of blue chip corporations that, through partnership with the existing MAP executive team, would greatly influence MAP’s international reach and – as a result – your bottom line.
It goes without saying that, while we are making our way through our existing credit card processing issues, we have remained truly excited about sharing this development with our loyal members!
The upcoming two (2) weeks will be loaded with updates as they become available to us, and – as always – we thank you for your commitment and patience.
My Advertising Pays Scam Conclusion
In my opinion, My Advertising Pays is running a Ponzi scheme. They have set their system up so that it is prohibitive to take your money out. They are using new investor money to pay previous investors. With near worthless traffic, there is little or no reason for someone to be a customer of My Advertising Pays Credit Packs. They have you recruit people with the hopes of making significant income which has little chance of happening. Avoid the My Advertising Pays scam. Their days are numbered.
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