Apparently this business concept was that ASD would sell ads and advertisers could earn rebates by viewing and clicking on ads for 10-15 minutes a day. I'm sorry, but that just doesn't sound like a solid business to me, so the actions of the feds have not surprised me. They've seized 2 homes and about 53 million dollars according to this article on Tallahassee.com. On Friday afternoon, this was posted on the company website at www.asdcashgenerator.com
Friday, August 1st 2008 afternoon update:
Upon direction from the U.S. Attorney's Office in the District of Columbia, ASD will not be able to move funds into company accounts, or out of them. We will work to resolve this problem, and return to normal operation, as soon as we are permitted to do so.
ASD Management.
And here is a link to a PDF with more detailed information. I suggest reading it.
It's unfortunate for everyone involved but it just goes to show you that in this quest for making money from home there is no such thing as "easy money." There were about 75,000 members in the ASD network - and what do they have now? It's a sad story. My sympathy and prayers go out to those who have been burned by this.
If anyone promises easy money, run. Take a good hard look at any opportunity that comes your way. Get a second opinion. Get a third opinion. Don't invest a lot in something that promises too much. Don't let it happen to you!
Edited to add: here's a really good thread at Scam.com that explains how this kind of scheme works (or fails to work, as the case may be.) http://www.scam.com/showthread.php?t=43676
3 comments:
53 MILLION DOLLARS?!
I think we're in the wrong business.
Oh wow, I wonder what will happen to all of the ASD lenses on Squidoo - if people will delete them or just let them fade away.
dang... that is a lot of money. i want in! @_@
-Jake
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