02-13-2006, 10:09 AM
Quote:Last spring, a Web site called 12dailyPro.com began offering viewers an amazing financial deal: a 12 percent daily return on membership fees./
All they needed to do was to view a dozen advertisements a day on the Web site, the company said. The site would then pay returns to visitors based on how much they invested in membership "upgrades."
Now federal and state authorities are investigating Charlotte-based 12dailyPro and sites making similar offers as possible Internet-era variations on a classic Ponzi scheme...
The 12dailyPro site is among the largest of the dozens of what are called "autosurf" Web sites that have cropped up on the Internet. With names like Auto.ExchangeTrade.com and vegasurf.com, the sites piggyback on a legitimate trend -- the surge in Internet advertising -- by promising generous returns to members who agree to view their ads....
full article: http://www.charlotte.com/mld/charlotte/b...846303.htm
Related topic: Tennessee State agency investigating StormPay complaints http://community.tuliptools.com/index.ph...626.0.html