Monday, 12 June 2017

VX Gateway Trustee Update

US District Court Case Dismissed

The case filed in the US District Court in Houston, Texas by MyAdvertisingPays (MAP) Limited (“MAP”) and Michael Deese against VX Gateway has been dismissed.

As we had predicted in an earlier Trustee Update, the Court ruled that disputes relating to the service agreement between VX Gateway Inc., in dissolution (“VX Gateway”) and MAP, must be heard in Panama; it specifically recognized Panama jurisdiction and the venue selection clause requiring such disputes to be decided by arbitration in Panama.

Many have been left wondering why MAP pursued a frivolous case in the US? Possibly it was because MAP had no credible or complete financial records and thus could not substantiate a claim to VX Gateway in the dissolution claims procedure; in this regard, it should be pointed out that although invited to do so, MAP never filed a claim in the dissolution. Let's state that again: MAP intentionally failed to file a claim (for itself or its members) in the dissolution proceeding for what it contended was $60 million; why?.

Similarly, lacking such financial records, MAP may not have been physically able to set forth a viable claim to an Arbitrator in Panama as required by the service agreement. Or perhaps, as we have said in an earlier Trustee Update, the case was filed by MAP in the US simply to buy time? Time to start a new company, or time to avoid facing authorities perhaps?

Our Legal Counsel in Panama feels that the burden of proof is higher in Panama for arbitration than in the US. In arbitration in Panama MAP will be required to support any claim with its own internal audited financial statements. They will not be able to rely on the financial records of third parties, which they have done so far.

The most recent “audit” put forth by MAP was not an audit made in the manner that will be required in such arbitration. Describing it as an audit in that sense of the term is deceptive and misleading. While it purported to be a “top-to-bottom study of the VX draws, and finally gross receipts to MAP”, it completely failed to take into account “withdraws and disbursements to MAP members, VX draws, and finally gross receipts to MAP”.

In fact, MAP’s auditor, Alpha Performance Verification Services, in its so-called “audit”, did nothing more than use Excel to summarize the financial statements of the processors. It excluded (omitted) any MAP financial transactions, processor fees or VX Gateway fees. Common sense and basic accounting tells us that, if the processor financial statements were incomplete or erroneous, the “audit” would likewise be incomplete or erroneous. This is commonly described as “garbage in ...garbage out”. Surely congratulations are in order for Alpha Performance Verification Services' fine work (not).

VX Gateway stands ready to participate in arbitration in Panama. We have had a complete and accurate audit conducted by CSB. Review of the CSB audit will leave no doubt that the lawsuit in Houston was specious and possibly intended by MAP or its legal counsel to mislead its members and the public.

The $60 million Was Never Stolen or Missing

While the case in the US was dismissed for improper venue and lack of the jurisdiction, the claims made in the case by MAP had no merits. The $60 million was never stolen. It is not even missing; it can be found in the CSB audit without difficulty.

MAP’s claim that these funds are “missing” or “stolen” is clearly erroneous. MAP admits it arrived at the $60 million dollar amount by simply deducting the dollar amount of “credit card sales” from “total sales”, that is, by using simple math as follows:

Total Sales
- Credit Card Sales
Missing Amount

However, as is obvious to anyone familiar with the facts, sales were made not just via credit card transactions but also by payments directly from VXLOOP Accounts that were funded directly by customers from their bank accounts. The simple correct math then is:

Total Sales
- Credit Card Sales, and
- VXLOOP Account Sales
Correct Amount zero. Nothing missing

Interestingly, as reflected in the CSB audit on file as part of the discovery provided by VX Gateway, the dollar amount of VXLOOP Account Sales, that is, the entry that is missing in MAP's math, almost exactly matches the amount MAP claims as “missing” or “stolen” (subject to fees and final audit).

Was this omission a simple mistake by MAP or deliberate deception? MAP was well aware of the substantial amount of sales paid by VXLOOP Account balances, as opposed to just the sales paid by card. This information was available in real time at the VX Gateway merchant back office to which MAP had 24/7 access prior to its breach of the contract. No company whose existence is based upon sales would simply ignore sales figures. MAP must be presumed to have made and kept copies of such records covering total sales. Put simply, the CSB Audit indicates that there is not and never was a missing $60 million.

Anyone can file a lawsuit in the USA; merely filing lawsuit it is not evidence of the legality of the plaintiff’s business, nor evidence of an illegal act, nor proof of the merits of the case filed. A lawsuit is simply one party's claim against another party; it is just a claim, nothing more. All it takes to file a lawsuit is to be able to pay the legal fees.

A Formal Complaint Against GPN Data Has Been Made to the Mauritius Financial Commission

Now that the distraction of the frivolous US lawsuit is behind us, we have submitted a formal complaint against GPN Data to the Mauritius Financial Commission.

VX Gateway's complaint can be summarized as follows:

GPN Data misrepresented itself as being a Mauritius licensed Payment Service Provider.
Bank One Mauritius, which provided card processing for GPN Data, participated in the deception.
GPN Data deliberately and systematically falsified financial statements, understating processing by USD $5,103,817.71 and EUR €307,479.89 and thereby underpaying VX Gateway.
GPN Data also falsified payment records, asserting payments to VX Gateway that had not actually been paid, a total of USD $941,347.57.
As set forth in the CSB audit, these intentional underpayments, combined with significant unjustified holdbacks by GPN Data, total USD $12,456,331.51 and EUR €1,272,465.69, as detailed in the Trustee Report.

As we have consistently stated, when and if money is received from GPN Data, VX Gateway will then pass through whatever share is then due to each of the respective entities or parties.

VX Gateway in dissolution prepared this statement based on the information available to it, including information derived from public sources that have not been independently verified. No representation or warranty, express or implied, is provided in relation to the fairness, accuracy, correctness, completeness or reliability of the information, opinions or conclusions expressed herein. The financial information included in this presentation is preliminary, unaudited and subject to revision upon completion of the Company's closing and audit processes, as well as independent third party audits. This presentation is not a legal opinion, but general discussion, not intended to deal with or disclose particulars of any specific issue, legal, business, or otherwise. All applicable statutes and regulations control.

UPDATE 16th June 2017 :
MIkes Reply:

'As many have seen, VX Gateway has taken the liberty of again posting an update on their website that (a) superficially analyzes both the Panamanian and US courts processes & procedures, (c) outright lies about any and all filings by VX Gateway, and (b) uses excessive and laughable hyperbole when addressing factual accusations put forth by MAP.

First and foremost, it is patently clear and should be made known, again, that the reason MAP elected to file and pursue a case in the US was because (a) MAP and VX’s relationship began on US soil, (b) VX was originally founded in the US and VX executives had personal residences in both Texas and Florida, and finally, (c) the contract in question is completely and utterly invalid under Panamanian law, meaning this jaunt down to Panama is an exercise in certifying the contracts invalidity and then returning to the US.

Secondly, VX’s third paragraph seems to imply that there exists an attorney in Panama that has read the contract between VX and MAP and considers the contract valid. This attorney apparently also believes that an internally audited financial statement is representative of a “higher burden of proof”. We here in the US, however, believe that external auditing by an objective third party provides a higher bar and that the burden of proof rests with the party that brings the claim. In Panama, however, there is – apparently – allowed internally audited financial statements, and the burden lies on the one against who the accusations are brought. On this point, VX spends – cumulatively – two paragraphs talking about what MAP should prepare in advent for the Panamanian mediation; to that I say: Thank you, we appreciate the heads up and have taken your suggestions into consideration. MAP will endeavor to retain an independent, highly qualified auditor to comb through any and all VX-related statements and documents in preparation for the Panamanian mediation.

In short, MAP stands ready to participate in arbitration in Panama and, unlike VX, will actually be making a filing of the matter.

In the interest of explaining my snarky sentence above, let me further elaborate: in multiple past “updates”, VX has asserted that it has sued everyone from GPN, to MAP, to even me personally. Not shockingly, VX has never, not once, made any such filing or complaint in any court or before any authoritative panel. Now, VX attempts to put forth some ridiculous summation of their filing against GPN, and Bank One Mauritius that is shockingly…. non-existent in the “Mauritius Financial Commission”. What is more, the “Mauritius Financial Commission” is not a real commission – there is actually no commission that exists by that name. If VX has an interest in filing a claim against any of the above entities, they should likely file it with a real commission – that does exist.

In closing, VX attempts to make factual conclusions regarding the US filing. We very much look forward to two separate occurrences, (a) that the Panamanian arbitration result in an absolute determination of the invalidity of the underlying contract, and (b) arguing the factual basis of the claim in the US. Additionally, we here at MAP would LOVE to see a copy of the supposed CSB audit – which, like VX’s many “filed” lawsuits, does not exist. As always, we look forward to seeing any of the above.

Please know that we will continue to fight for a successful outcome for everyone affected by their thievery.


'...Please know that we will continue to fight for a successful outcome for everyone affected by their thievery'


Sunday, 4 June 2017

Banners Broker - Open Letter from Receiver

May 26th 2017

An Open Letter to affiliates of Banners Broker International Limited (BBLl)

The receiver would like to share the following update with all affiliates of banners Broker as it proceeds with its administration of the Baners Broker Receivership.
The criminal charges against both Christopher Smith and Rajiv Dixit have concluded. Both Smith and Dixit have entered into plea agreements. Pursuant to thses agreements Smith was fined $1435,000 and Dixit was fined $2,500,000. The first $50,000 must be paid by each with in two years. The remainder must be paid within five years. If they do not pay their respective fines within five years there is a 'default hearing' and a presumptive 5 year prison sentence. The default hearing is a mechanism whereby Smith and Dixit are allowed to adduce evidence as to why they are unable to pay the balance of the fine.

The Receiver continues in its efforts to trace funds within the BBIL enterprise. These tracing efforts are worldwide and have garnered positive results to date. That having been said, our efforts have been impeded by the criminal proceedings which as noted above have now concluded. There is still much to be done and with the conclusion of the criminal charges our tracing efforts can be continued without any consideration being given to the criminal courts.
The ability to predict a date for conclusion is impaired by the depth and breadth of the BBIL enterprise. We will continue with our statutory mandate until such has been fully completed. Yours very truly,
MSI Spergel Inc.
solely in its capacity as Court-Appointed 
Receiver and Manager of banners Broker International Ltd
Philip H. Gennis J.D, CIRP,LIT
Senior Principal

Thursday, 1 June 2017

Triple Threat 3 Reloaded Scam - Payza Problems Already

It looks like Payza have Terms and Conditions that Fobbs over at TT3-Reloaded, isn't too keen on, so he's stopped using them. But when you only have two hundred members who seem to be taking out way more than they're putting in, it's hardly a surprise that things are stalling already.

From his Facebook page:

'Fobbs Jefé
28 May at 17:45

Good day team. This coming week we will be phasing Payza out due to their strict rules of holding a percentage of the funds. We cannot get around these rules and as such we have a slight delay on payouts for Payza customers.

We are currently I all other processors. Bitcoin, Stp, and Payeer will remain as well, we will seek other payment options to add to replace Payza. We will let you all know the day we will transfer the payza balances to a new processor so you all can receive your withdrawals.

Also. This is the week the marketplace will be added to allow members to sell real world products. We will have a huge catalog of items you all can sell for good profits. This will increase our revenue and sustain payouts for the future. As well it will give us the credibility of being more then just a Rev share.

Stay patient. It has barely been two weeks. Some people want the world in a day and never even get to see the beach! We aren't going anywhere, so please keep any doubts to yourself and let things play out. You'll see! Life is easy, if you make it that way.'

Unfortunately for Fobbs through, his members have got wise to him:

From todays Facebook page:

'Good Morning All,

We will be transferring payza packs or paying all payza payments out in the coming weeks. BTC should be taken care of as well in the coming weeks, but what we need right now is to tap in to the member base. We have over 1k members but only 200 participating so it's time to start adding on to this. What we have been working on is getting the marketplace fully active and ready for you all, so that we can create that outside source of traffic and income needed along with commissions for selling items. If you are using payeer or stp continue to do what you are doing meaning advertise to others about TT3R and re deposit your fund to build, while we complete the add on to the platform.

We have not even touch the surface for the member base we should have and we are looking for each and everyone of you to do just the little things we have asked. Although others outside of our program want it to fail, that is not our destiny. We have already paid out almost $100,000 and it should be more at this point! What does this mean... we could have paid it so much kore but you must have the member base that we know is out there. So let's hit the ground running because it's still early and plenty of milestones to achieve.

Ps Fobbs Jefé has been blocked from posting or messaging on Facebook because of testing of the shopify for the marketplace. His account will be unlocked on Saturday.'

And some of the replies:

Redzlord Diadid Can you please advise when are the Payza members will get paid? We are waiting for 5 days now while others are getting paid.
30 May at 14:35

Syed Kamran Waiting for withdraw, its pending since 25th may and because of that i can't purchase adpacksas i don't have any further funds to fund my account :/
30 May at 19:40

Ãmy Scicluna Ğlynn We need update regarding payza payments. I would like to continue funding my account and have already created payeer account but need to know what is going to happen to my current balance as it wont let me withdraw it...not even with payeer as i have a pending payza withdrawal
Yesterday at 18:13

Hector Castanon same here pending payza
 22 hrs

Julian Mendez BTC pending payment for 10 days
14 hrs

Zbigniew Kowalczyk A wait for my BTC withdraw from 2017.05.23.
Pleas do something with this
11 hrs · Edited

Hector Castanon is 100% scammmm

 7 hrs

Redzlord Diadid Time is up TT3R. I guess we have given you enough time to process our withdrawal requests but we haven't receive until now. Dear Payza members you know what to do. We are still under 45 days.
4 hrs

Walker Kyle fuck you'

Fobbs says he's paid out $100,000 to just 200 members in barely a month of opening. At this rate he'll be the only Ponzi owner in history to make a LOSS!

Tuesday, 16 May 2017

My Paying Ads Scam and TT3 Scam - The Ponzi Game

My Paying Ads is in major trouble.
All withdrawals have ceased and Ad pack sales have been stopped. Uday has decided  to reset everything and start again - dressed up as Plan B - just like TT3 has done (and My Advertising Pays for that matter).

It seems to be standard practice for all closing Ponzis to just re-launch. Reset. Acquire new funds from the gullible and start again with a clean slate.

And they all seem to know each other as well - like Charles Scoville of Traffic monsoon and Mike Deese at My Advertising Pays/The Advert Platform - all friends together on Facebook. 
And then there's Fobbs and Uday, a true Bromance.
The different thing about Fobbs through is, he is incredibly arrogant and is not in the least bit ashamed of having a go at the people who have made him rich. 
Humble, he aint...

1 hr · Bensley, VA, United States ·

Letter to Uday Nara, Regarding MPA.

Thank you Uday. I know personally you did all you could to maintain. The problem is people simply don't understand that revenue sharing does not mean guaranteed income. Uday paid out for 2 years with minimal issues and gave all he could. Keep your head up brother and pay no attention to the back stabbers. Your comment thread i MPA looks exactly like ours 1 year ago when we ran out of money to pay. It's ridiculous, but just goes to show that not all people parading as adults can deal with adult decisions. We paid out 4 million and Uday paid out a staggering 47 million and yet we were both called scammers.

Do they really expect that you owe them? As if the ad credits were just smoke and mirrors and were not usable. As if your terms and conditions don't say earnings aren't guaranteed. They want a FREE ride to wealth. And when they realize that, that's a false reality they blame us, the owners. Never reflecting on their own decisions to not only buy ad packs but in most cases to then not promote at all and expect money to rain in their accounts forever.

Welcome to the real world folks. Get off your ass and contribute to the cause and maybe this won't happen over and over. For those who do contribute, thank you. The industry appreciates your efforts and we will continue to build with the help of the ones who get it.

There is hope for revenue sharing. But it takes an entire community with one agenda to accomplish that goal. We will keep striving until we put it all together. Never give up! We never will, neither should you Uday.

Thanks brother.
TT3 Owners.

This quote from Fobbs confirms TT3 is a Ponzi. He says it's only continuous sales that will sustain payments. Which means new money pays for older affiliates requesting withdrawals= PONZI 

Rewind to February 2017.
Uday was stalling, and it's all come to nothing.

Fast forward to May 2017 and it's all over bar the shouting.
Uday is going to Plan B. Which in laymans terms means you can say goodbye to your money.

Uday Nara
23 hrs

#MPA and #MPCA Announcement (15th May 2017):

Dear MPA/MPCA Members,

Firstly, we would like to thank all the members and team leaders who have offered their valuable suggestions to continue our journey. We have carefully gone through each and every suggestion before arriving at the possible options to find the solution for the current stalling at MPA and MPCA, respectively.

We have also carefully analyzed the revenue generation in the last one week and possible future revenue generation with the current stalling. The revenue generation has been very less but it is also due to the disabling of the withdrawal requests.

There are some serious concerns in terms of the continuity of the business wherein the revenue generation will be good enough to deliver the satisfactory daily earnings. If the daily earnings are not satisfactory, then the stalling may occur again.

Hence, after careful consideration of all possibilities, we came up to the below two options to choose from:

Plan A:

Reset all ad packs and earning balances to zero in every account
Reduce referral commission to 5%
The daily earnings will be set between 0.0% to 2.0% which is variable everyday and which strictly depends on the daily revenue generation
The maximum worth of adpacks that one can buy is of $10,000.
The maximum withdrawal limit per day is: $200. Will vary also depending on the revenue generation.
The minimum withdrawal limit per day is: $5
The maximum withdrawal limit is 3 times to the processor purchase.

Members will be required to complete 16 promotional tasks per day to earn daily;
profit share will start at 0% and then go up based only on daily sales.
These tasks will include posting to Facebook, posting to Twitter, posting to a Blog site, posting text messages to traffic exchanges etc.
Each task of 4 completed, then the members will qualify for that daily set of earnings (25% of the daily earnings for the completion of each task).

More emphasis will be placed on members to promote the business to sustain sales and long term growth.

Below are some important points to note regarding this Plan:

(a) Though the members have bought the advertising services from our programs while revenue sharing rewards are non-guaranteed, we still want to generate the revenue through the sales of other advertising services and through other partner programs and return the amount that was spent on the advertising and hence if we choose this option, we have the defeciet of that amount to begin with. So, this defeciet will have severe effect on the successful continuion of the programs.

(b) There will still be a possibility of stalling if the revenue generation stops, through members not supporting the re-launch etc.
When the revenue is low and if earnings are like 0.1% or 0.5% per day,
new people making purchases will stop and want to wait until earnings get picked up.
But, earnings percentage cannot be increased unless the revenue generation picks up.
So, such situation may lead to stalling again.

(c) Members who lose adpacks now may disappoint and stop supporting the business.
Members who are waiting to receive the seed money may not support the system immediately with dedication and focus.

Plan B:

Stop Adpack sales until further notice and run MPA and MPCA as non-revenue sharing Traffic Exchange platforms.
We see enormous growth in this sector to increase our member base in the new traffic exchanges,
with thousands of online marketers looking to spend their advertising money on a well run modern platforms like ours.
This will generate income for the platforms straight away.
Income generated will be directed to paying members seed money.

There will be one upgrade membership offered at each platform as follows:

$10 or 0.01 btc per month upgrade membership 10000 Banner views per month
50% referral commissions on every purchase to the sponsor

All revenue generated through the continuition of MPA and MPCA Traffic Exchange platforms and our other two upcoming partner programs, CC and the 'dream product' as we have outlined, a local business directory index product,
which will start generating income within 3 weeks from now, hopefully,
will be used to refund to the members who have not withdrawn their seed money balance. This does not affect the partner programs in any way. We are here stating that any revenue generated that would normally go to the admin fund will be used to return to the members.

All Adpacks and current account balances will be made to zero.

The revenue sharing platform will resume operation in early 2018 after building our external revenue generation streams. These external revenue generation streams will help the programs to sustain longer without the possibility of any stalling, hopefully.

The Management's Decision in moving forward:

The majority of leaders and members that we approached, preferred a long term approach to the business and have indicated Plan B as their preferred option.

The management team have agreed with their reasoning for long term stability and growth.

The key points being:

1. 80% of the member base are non marketers and have no wish to promote or
recruit, believing the business model is clicking the adverts and withdrawing the earnings.

2. Only 2% of the active members chose to purchase the suggested $5 booster packs to generate sales
We sold 5000 ad packs which is $25,000. Our sales target every day is $100,000 minimum to pay the minimum withdrawal request amount per day to each eligible member.
Most believed the site would stall again in a short while, making Plan A a short term option,
to be back in the same situation and still having the burden of the seed money to be paid to members.

3. Traffic Exchanges, as a business model, have operated for over 10-15 years and are proven.
Traffic generated will bring in sales to stabilize the business and pay seed money to members.

4. With immediate funds coming from the Traffic Exchanges and the new partner programs starting within 2-3 weeks, the clear profit generated could be given to the member's seed money fund straight away, to start payments to the members.

5. Once the seed money debt is finalised, the business would be stable and in profit, when relaunching with the improved revenue share model in early 2018.

Therefore our decision is to adopt Plan B and move forward.

More details will be shared through a hangout tomorrow. We thank everyone for your great support for our two platforms. Let us continue working as a team so that we can re-launch the revenue sharing platforms soon after building the necessary external revenue generation streams.u


MPA and MPCA Management

So, the end result in laymans terms is:
Both My Paying Ads and TT3 (and My Advertising Pays) have gotten away with all the money from their previous scams and just started again as something different.

And until the players get tired of this game, or the authorities step in to shut them down, they'll keep on getting away with it.

Crime really does pay...

Wednesday, 10 May 2017

Banners Broker - Guilty Plea Gets A Two Year Community Sentence!

On April 27th 2017 Smith and Dixit pleaded guilty to operating a pyramid scheme under the Competition Act. The two principles have received conditional sentences whereby they will serve two years less a day in the community and will be required to pay a $50,000 fine with in two years.

Final Receivers Motion
Spergel (the Canadian Receivers) are to make a Final motion in the Ontario Court on Tuesday May 16th :

A two year Community Sentence is not justice. 
They stole Millions of dollars and caused untold misery.

This is disgraceful. 
It looks like Crime DOES pay after all!

Monday, 8 May 2017

Traffic Monsoon Receivers Letter

May 4th 2017

Dear Traffic Monsoon Investor

I am the receiver that has been appointed by the U.S. District Court for the District of Utah (Court). I want to give you an update of this case.

The Lawsuit

The Securities and Exchange Commission (SEC) filed a lawsuit against Traffic Monsoon and Charles Scoville because it had evidence that Traffic Monsoon was being operated as a fraudulent enterprise. As part of that lawsuit, the SEC asked that Traffic Monsoon and Mr. Scoville be restrained from, among other things, operating Traffic Monsoon, and that assets be frozen for the benefit of investors.

I was appointed by the court to do numerous things, including hold assets that were identified when the case was filed, collect additional assets, and, ultimately, distribute those assets to investors.

Mr. Scoville originally said he would cooperate with the SEC. But, later he filed papers with the court arguing that the court's restraining order and asset freeze should be lifted, and that the receivership should be set aside. The Court held a two -day evidentiary hearing on these requests.

Both the SEC and Mr. Scoville presented evidence to the court. Recently the court entered a lengthy opinion rejecting Mr. Scovilles requests. The Court ordered, in material part, that assets remain frozen, that Mr. Scoville was restrained from operating Traffic Monsoon or any similar business model, and that the receivership  should continue.

Mr. Scoville has appealed the courts decision. This appeal will take some time to be decided by the U.S Tenth Circuit Court of Appeals.During the appeal the receivership will continue.

What is A Ponzi Scheme?

My investigation to date reveals that Traffic Monsoon was operated as a Ponzi scheme. Importantly, the Court, after reviewing evidence that was comprised of information obtained from my investigation, found that the SEC will likely be able to show that Traffic Monsoon was operated by Mr. Scoville as a Ponzi scheme.The operation of a Ponzi scheme is illegal.
The reason for this is that investors are not paid from the profits of an underlying
business, but rather are receiving a return on their investments from funds obtained by other investors who invest money after them.
Thus, when new investors cannot be found or the business is suspended, there is no way to pay investors.

My Role and What I Have Been Doing

I am an attorney who, as receiver, is obligated to report to the court about my investigation and the assets I am holding. I cannot distrubute any assets without Court approval.
 To date, the primary asset is approximately $49 million in cash. It was important for this cash to be secured so that it could be preserved for the benefit of all investors who lost money.
Ultimately, I will propose a 'plan of distrubution' to the Court that will provide for each investor who lost money to receive a share of the cash I am holding.
Please know that I am very committed to proposing a plan of distrubution as quickly as possible.
I have received many communications from investors. All of these communications are being read and registered.
I know that you have been subjected to fraud, and, in many cases, have lost money.
I am working as quickly as I can to propose a plan of distrubution.

But, sorting out Traffic Monsoon's business will take some time. Mr. Scoville kept no traditional business records. As a result, there are no 'books'  for Traffic Monsoon identifying investors, the amount each investor paid to Traffic Monsoon, or the amount each investor received back from Traffic Monsoon.

While some of you have contacted me to give me your information, many have not.
I am required to identify to the best of my ability all investors and to independently determine which investors have claims to the funds that I hold so that all investors are treated fairly and equally.

This requires that I essentially 'recreate' Traffic Monsoon's books.I have taken two primary steps to assist in recreating the books.
 First, shortly after the case was filed, I secured Traffic Monsoons servers. The servers contain electronic data of Traffic Monsoons transactions with investors.
Second, I have been obtaining the financial records held by the payment processers and financial institutions through which Traffic Monsoon did business.

Forensic accountants are using the information from the servers and the third party records to piece together the monies that were paid to Traffic Monsoon by each investor, and the monies each investor received.
This process is time consuming due to the sheer volume of information (totalling almost six million records). 
Once this information is organised and analyzed, I will be in a better position to move forward with this case.

Ways To Obtain Information

I am trying to contain the costs of receivership. Thus, I am not personally taking phone calls or responding to emails. That does not mean that your requests for information are unheard by me.
People knowledgeable about this case that work for me are registering your requests for information and responding to all requests with input from me.
I recognize that there may be some frustration that the information provided is often repetitive.

I understand this frustration, but unfortunately, given the state of the records discussed above, I simply am not in a position to provide more information at this time.
The very best way to get information about the case is on the receivership website 
I post documents filed in the case on the website and provide updates when they exist.

Now that I know that the receivership will continue, I will be filing quarterly Status reports with the Court, and those reports also will be posted on the website.
Additionally, the website has a link providing information about how to contact me by email and by telephone.Translation services are available if you call the telephone numbers provided.

Please know that if you contact me through these avenues, your requests for information are being heard and registered.


Peggy Hunt, Receiver.

Tuesday, 25 April 2017

Who are GPN Data?

GPN Data is the current payment processor for The Advert Platform which used to be known as My Advertising Pays.

It is currently named in the My Advertising Pays lawsuit against VX Gateway - the previous payment processor for My Advertising Pays.

The lawsuit in simple terms:

My Advertising Pays claims that VXGateway has stolen ($60 million) from them.
VXGateway says that GPN Data have all the money and won't return it.
As far as we know, GPN Data haven't returned any of the money.
GPN Data are now the payment processor for 'The Advert Platform', which is the new name for 'My Advertising Pays'.

So, who are GPN Data?

They were founded in 2008. On their website, they describe themselves as an Online Payment Gateway.

Employees are listed as:

ZELJKO TULICIC - Sales Representative

Marko Filipovic - CEO
Linked In Profile:

Daniel Berger:

Linked In profile:

Zeljko Tulicic 
Linked In Profile:

Office Details:

They have a Head Office in Poland:
GPN DATA Europe Ltd, Warsaw, Poland

And Offices here:




The addresses for these Offices aren't listed, but they are certainly in the same countries

as My Advertising Pays and VXGateway were. 


Representative office in Mauritus:
Suite 501, St. James Court, St. Denis Street, Port Louis, Mauritus.

Representative office in Georgia:
9, Dzma Kherkheulidze Str #14 Apt 3, City Rustavi, Georgia.

Representative office in Azerbaijan:
3 inshaatchiliar avenue, Baku city, Yasamai district, AZ1073 

My Advertising Pays:

Representative office in Mauritus:
Suite 501, St. James Court, St. Denis Street, Port Louis, Mauritus.

Representative office in Georgia:
9, Dzma Kherkheulidze Str #14 Apt 3, City Rustavi, Georgia.

Representative office in Azerbaijan:
3 inshaatchiliar avenue, Baku city, Yasamai district, AZ1073 

So what happens when you google GPN Data?
Not much is the answer...but I did find this unsubstantiated comment on a forum that is very interesting:

Gpn Data Group International
Marek Sala, Daniel Berger, Marko Filipovic, GPN Data does NOT pay their agents. If you work with GPN, expect not to get paid. Warsaw

'My company provided GPNDATA with merchants, leads, order for GPNDATA to provide merchant return, GPNDATA was contractually obligated to pay commissions on a monthly basis. That lasted 60 days, then GPNDATA stopped paying and stopped answering our calls and emails. We have sent emails, Skypes and voicemails, no response. This company continues to earn revenue on merchants we brought them and they continue to disregard our calls and not pay us.

They have left us no choice but to write reports on these types of websites. We work too hard for our money. It is important that other companies like ours do not get stuck in the same situation where GPNDATA stops paying them.
GPNDATA may also be using other company names such as Cyberbit A/S and Commerce Exchange. Do not fall victim to this company.'

Offender: Gpn Data Group International
Country: Poland
Address: Srebrna Street 16, 00-810
Phone: 7863758066

Cyberbit A/S:

'Do not be victim of CyberBit "Private Label Gateway", since their is request just for affiliate system; more than 2,500.00-Eur.

Do Not Sign Any paperwork with them since they have cheater lawyer... For there "Private Label Gateway"=read affiliate: you should pay for it, more than 11.000,00- Euro...

I was pay them more than 2,000.00-Eur as First part of invoice of over ~6,000.00-Eur, and when I was find that is CyberBit is legal successor of (who was request from each reliable e-commerce TLD, to sign contract that must "sale" own URL-TLD for ONE = $1,00USD, in order that may setup them MID and carry on processing CC as card not present MID).
I was be already pay to CyberBit some more than ~2.000,00-Eur, so, when I recover that is affiliated with former scam, I was urge cancel Contract" (after 7 days when I was do wire transfer to them) and request that must be refunded to me all founds, since I was not receive any service from CyberBit.

They request to hold ~700,00Eur on purpose as "wasting time with me" to charge me (we are exchanged ~15 emails and 10 min. For live chat). I do not agree to give them ~700,00 Euro for NOTHINGSince today, THEY DO NOT REFUND ME ANY cent of pre-pay AMOUNT as 1st part of invoice FOUNDS: MORE THAN 2.000,00 Euro'.
Contact information:
Author: Contact with Author
Offender: CyberBit A/S
Country: Denmark State: Denmark, Internet City: Fredericia
Address: Strevelinsvej 8, DK-7000 Fredericia, Denmark
Phone: 4570270585

'Our most recent payments (put through just under two years ago) have not been paid out. We had some chargebacks and were told that w would have to wait 180 days without any chargebacks before payout. That has passed now by several weeks. When I asked for payment I was told that I had to wait for 120 days past the delivery date or a maximum of 540 days since payment. Well, it is 650 days since payment! They still won't payout.

Their excuse is that I have no documentation and that they are worried they may get stung with further payouts. Well, it is beyond the 540 days maximum so this cannot happen.

They owe me about £45000!! I have lost my house over this and this is a large sum of money so I will be pursuing this with Kieran, Nicolina and Alina who seldom answer my emails and NEVER return my calls.

They have no good reason to stop the payments, this appears to be a scam, drawing things out to steal my money. And I do not take kindly to that.'


Warning! Scam from Forcetronix!
This is warning about Forcetronix ( company and their solution Paytox (
They approved our account quite easily, and started processing for our pharmaceutical site. But when it came to first payment they sent us a letter stating that Mastercard issued "a special resolution" to freeze our account, because they revised our site and found Valium which is considered "controlled" drug. Even if it was there, any processor should warn the merchant and ask to remove the item first, especially because Valium was there when they reviewed the site for processing and approved it!
Anyway, they didn't send us any official document issued by MC, so I really doubt that such a document exists. Total amount they ripped us off is quite impressive, $300,000. And they ARE NOT GONNA pay us a dime!
So, stay away from this guys, they are motherf*cking thieves!
If you also suffered from this company please contact me by ICQ 266-439-302 and we can discuss what we will do to start a class-action lawsuit against it'.

Much more to this space!

Thursday, 16 February 2017

Banners Broker, Traffic Monsoon and My Advertising Pays - Money Back Information

How To Get Your Money Back:

Banners Broker:
Chargeback is no longer an Option.
Please contact the Receivers directly if you'd like to make a claim:

Address: msi Spergel inc., 505 Consumers Road, Suite 200, Toronto, Ontario, M2J 4V8, Canada
Attention: Frieda Kanaris
Telephone: 416-498-4309

Traffic Monsoon:
A Bank or Credit Card Chargeback may still be an option if you hurry.
Full Details of how to claim a Chargeback are here:

The Details of the Receivers are here:

This is the Official Email address

My Advertising Pays/The Advert Platform

There are two ways to get your money back:
 1/ Apply for a 'Chargeback' from your Bank or Credit Card company under the 540 day rule, full details here:

2/ REPORT My Advertising Pays to the Securities and Exchange Commission:


If MAP are Officially closed down you stand a good chance of recovering at least some of your money.

Friday, 10 February 2017

My Advertising Pays and VX Gateway - The First Posts


Hello everyone!
We have been crazy-busy behind the scenes working for all of you. The payment option woes we have all dealt with for some time now are coming to a close!
We have struck a deal with an excellent payment processing ewallet company and will be phasing out I-Payout within the coming week or so. Within the new ewallet, our members will be able to fund their accounts and/or make payments with a few clicks of the button! Here are just some of the payment options they provide:
• Credit Card
• ACH Bank Payments (ACH short for Automated Clearing House)
• Bank Wire
• Online Banking
To make a purchase, all you will have to do is click a few buttons, enter your details and PRESTO you will be good to go!
Their fee’s are nominal compared to the ease-of-use with their interface. No need to verify accounts and wait to make purchases. It really is as easy as 1, 2, 3… just the way we like it here at!
For you STP users, do not worry! We will be integrating STP directly into MAP. So for those of you that already have verified accounts with STP and prefer them, you will be able to continue using them if you like.
What to Expect This Week
• The Pay with STP option through ewallet has now been disabled. We were experiencing a little trouble with payments being made through them that were not being recognized by I-Payout. Instead of having to comb through hundreds of these and adjust manually, we decided to disable this option through ewallet and integrate it directly into our site. The outstanding issues with payments are being attended to as quickly as possible.
• We are integrating STP into our site directly tomorrow. So long as this is error free, it will be live tomorrow. There will be no need to go through ewallet any longer for these payments.
• For those of you that has already submitted transactions with I-Payout, THEY WILL BE HONORED! So please do not worry yourself or send support tickets about this.
• Once our contract is finalized with the new ewallet company, we will officially announce who they are and other important details.
• We have been advised that the integration of the new ewallet can be completed this week. As soon as they are integrated, the Buy with I-Payout option will be disabled. Any transactions already submitted at that point will still be honored.
• Once the Buy with I-Payout option has been disabled, we recommend for everyone to not pay any of their outstanding invoices through them and instead go through our new ewallet which is much easier.
• Withdrawals will continue through I-Payout for the next couple of weeks. Once we have everything transferred over to the new ewallet, withdrawals through I-Payout will cease and will be processed exclusively through the new ewallet.
• Once both the integration of the new ewallet and STP is complete, you can expect our processes to be the easiest they have ever been. In fact, easy as 1, 2, 3!
Regardless of our recent server troubles, last week was our best yet! We have everything working A-OK now. Its been tough on all of us. Support issues have been extremely high. We ask everyone to please read our extensive FAQ’s found here: Most of the questions we are dealing with are already answered there. Please keep in mind that support issues already answered in our FAQ drastically slow us down. Our support processes are undergoing change right now with a new support desk coming online and training taking place to new reps and managers behind the scenes. Please bear with us as we tackle hundreds of things at once!

While traversing the road-to-success, we are bound to run into the hills and valleys along the way. The difference between success and failure is a matter of never giving up. Thank you to everyone for your continued support. We are happy that the server move is complete and all of the outstanding bugs with the new system have now been taken care of.
We couldn’t be in a better position right now. Our membership is strong and resilient! Despite all, we are continually climbing the charts, which makes our advertising services more and more valuable each day. We have big plans! Keep up the great work everyone!
Stay tuned for incoming announcements this week as this transition takes place!

It PAYS to be on the MAP!

April 17TH 2014


Hello everyone!
Thank you all for the B’Day wishes. It was a great day for my family and I! Now to the announcement that is going to help us facilitate our Mission to help change the way people advertise – forever! PROUDLY introduces;
VX will now be our Primary Payment Processing solution going forward. You will be absolutely AMAZED at the ease-of-use that this new platform offers our members in terms of facilitating pay-ins and pay-outs.
Here is their Official Introduction:

VX Gateway Cloud Payment Framework®

VX Gateway Inc. (VX) is a global electronic payment company, expert in secure, real-time electronic monetary transactions. VX applies its proprietary VX Cloud Payment Framework®, a Real-Time Gross Settlement system that coordinates cloud computing with jurisdictional banking frameworks, to provide real time and secure payment processing (including multi-currency transactions) for consumers and merchants at reduced cost.
Purchase using PAY WITH VX streamlined checkout, and pay with credit or debit card, or use the balance from your e-wallet, your VXLOOP™.
Making the most of your VXLOOP™ is easy:
• Top up your VXLOOP™ balance with VX Load Funds,
• Transfer money to another member’s VXLOOP™ with VX Send Money,
• Enroll for an iCareCard, a Reloadable Visa debit card that seamlessly connects your VXLOOP™ to your external checking account. (Available for U.S. citizens or resident aliens, banked or unbanked.  Terms and fees apply.)
• Withdraw money from your VXLOOP™ to PayPal, bank account, or an iCareCard account with VX Withdraw Money,
• View all your VXLOOP™ activity on your Transactions ledger,
• Get help using VX’s integrated Support Ticket Management system, and
• Use VX’s integrated Dispute Resolution Service to resolve your problem with a transaction as quickly as possible.  Refunds to your VXLOOP™ happen in real time.
For more information about VX Gateway and to view our How To videos, go to
VX – The Virtual Xchange – because we live, work and play in a virtual world.

We are SO excited with this new eWallet system. Gone are the days of waiting for accounts to be verified, bill pay checks to be processed and overall just WAITING for products to be processed and therefore, delivered. With our new emphasis on point-of-sale capability, VX facilitates everything we could ask for in a payment processing solution.
When someone purchases a product, they should RECEIVE that product and not have to wait for 5-7 days for processing. With VX’s Real Time shopping cart, that’s just what our members will enjoy.
With VX’s proprietary technological advances, well-above standard security measures, ease-of-use interface, along with their up and coming INTERNATIONAL Master Card program, MAP is more than proud to have found and secured the perfect fit for our members.
Important Instructions
Do NOT go to VX directly to sign up. Everything is taken care of through their integrated Buy Now button on MAP. When purchasing for the first time, you will receive an email from VX with log in credentials. Once you log in, you can go through the steps to INSTANTLY verify your account. Once this is done, other funding/payment options will become available.
Make sure your MAP Profile Details are correct BEFORE attempting a payment with VX or you WILL have problems paying with Credit Cards.
Credit Cards
For those members that want to make a purchase with a Credit/Debit Card, simply click on the VX option in the dropdown box on our site and then the Buy Now with VX button. Once you’ve completed the purchase, you will receive an email to the email address on file with MAP with instructions on how to log in to your new VX account.
Other Options
For those members that would like to pay via Bank, ACH, or Wire, we will have a link for you to sign up directly with VX soon. Again,  do NOT go to VX directly to sign up. We will furnish the link soon. For now, set up your account by paying for a product with a CC.
No need to verify your account to make a purchase. Purchases can be made straight away and while you are enjoying the benefit of your product, you can THEN verify your account…NO RUSH!
We have worked really hard for you all. Now, there are no more excuses! The MyAdvertisingPays opportunity just became 100% accessible around the world!
We have just begun. With the payment woes of the past now gone, we can concentrate on our other exciting upcoming updates. Thank you all for your continued support! Enjoy!
PS. Withdrawals will continue through I-Payout for now.
June 2014
'Over the last month we have been working one-on-one with VX Gateway regarding MAP withdrawals for our International Customer Base. And it has paid off! New banking relationships have been created in several locations in Europe, which will make withdrawals through VX quick and cheap! As soon as VX is 100% good-to-go on their side (I’m told 1-2 weeks from now), we will flip the ‘on’ switch and everyone will be happy for all of the work that has went into lowering costs and making it as easy as possible for MAP members.'