Aug

05

Posted by : Becca | On : August 5, 2008

I think it’s possible that this falls under the “if it seems to good to be true…” adage. Personally I steer clear of “business opportunities” with tag lines like “cash generator.” None of those schemes have ever seemed quite ethical or make business sense to me. Now the U.S. Attorney’s Office for the District of Columbia is calling ASD Cash Generator a “massive Internet-based wire-fraud scheme” and a “Ponzi scheme … masked as an advertising company.”

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

Jan

02

Posted by : Becca | On : January 2, 2008

Have you seen a posting like this at craigslist or on other job boards?

Help needed for at Home Online Processing! Earn an extra $500-700/wk
Reply to: job-526134312@craigslist.org
Date: 2008-01-02, 12:45PM MST

This position is perfect for anyone who has spare time and needs to earn extra income quickly. The job requires no previous experience in any particular field.
We only require:
1) A computer with internet and a valid email account
2) Basic knowledge of the Internet
3) Motivation to earn extra cash

As this job is entirely online, you will need to know how to use the Internet and have the motivation to put in a couple of hours a week. Ad responses typically take just a few minutes to process, and you are paid per response.
If you process 50 responses a week (which is easy to do), you can easily make
$500-700 a week!

If this interests you, please respond to the email above and I will forward you more information. There are only a few positions still available, so respond promptly.

* Location: Telecommute-Online
* Compensation: $500-700/week
* Telecommuting is ok.
* This is a part-time job.
* OK to highlight this job opening for persons with disabilities
* Principals only. Recruiters, please don’t contact this job poster.
* Please, no phone calls about this job!
* Please do not contact job poster about other services, products or commercial interests.

PostingID: 526134312

I’m sure this particular post will be flagged for removal in no time, but it’s a perfect example of this scam. To the new online job hunter, this might look like a dream come true. Sounds easy, hardly anything required and pays pretty good, right? WRONG!

Several things in this posting raise red flags. There aren’t any requirements for the job. Just a computer and internet. That doesn’t make anyone qualified to do real work for a real company. Real companies don’t pay $2000 a month for part time work to someone with no experience in anything.

What happens after you respond? You get an email stating that for a small “Training Fee”, usually $7 – $20, you’ll get an email or an ebook that tells you exactly what the “job” entails and how to do it. So you send off your “small investment” and await yet another email that has your “training materials.” These materials generally include instructions on how to post the same type of advertisement that you responded to, and will recommend places to post these ads. Then the people who respond to the ads you place will send you the “training fee.”

This is not legitimate employment, nor is it ethical. It is a scam and the people who continue to make these bogus postings should be ashamed of themselves.