MyAdvertisingPays Exit Scam

Notice: This page is a freshly imported case study from the original repository. The original content was in a different format, and may not have relevant information for all sections. Please help restructure the content by moving information from the 'About' section to other sections, and add any missing information or sources you can find. If you are new here, please read General Tutorial on Wikis or Anatomy of a Case Study for help getting started.

MyAdvertisingPays

The MyAdvertisingPays platform supposedly ran a platform where investors were getting payouts from advertising revenue. Suffice to say, there was none. Later, they claimed that credit card processor issues had shut their service down.

The country for this case study is not yet known.

The country for this case study is not yet known.

About MyAdvertisingPays

"My Advertising Pays (MAPs for short) is an advertising company that allows people to purchase advertising packs, or credit packs (traffic) for your business. We offer simple and effective income solutions to all."

"This Is The Easiest Money You Will Make Online! Every Single Person Makes Money In MAPS. My Advertising Pays - It Does! Don't Delay Start Earning Today"

"We’ve created a streamlined solid and secure income source in the #1 money generating market online, advertising."

"You earn money with the daily company profit shares, which refresh 72 times every day. However, to qualify for the daily profit share, you must click on 10 adverts each day."

"No gimmicks, no games, no recruiting. Just a straightforward system that pays you for viewing ads, shares our profits with you every 20 minutes and helps you (if you choose) to build your second business on auto-pilot!"

"I received an invite from someone who was the biggest promoter in a company called MyAdvertisingPays which ended up collapsing last year. It was a business that paid a set amount of % based on how many advertising packs a person owned."

"The theory was that the company made money from advertising and shared their profits back with the users however this was never really the case. There was no genuine advertising revenue, the ad revenue actually just came from people signing up to the business opportunity and viewing ads."

"Ultimately when the promoters started to slow down and banking problems arose the company collapsed."

"My Advertising Pays claim their credit card processor has frozen funds for an “undisclosed and unanticipated period of time”."

"I can easily see the same thing happening with Bitpetite and other programs like it however people will come off MUCH worse when this happens because Bitcoin and cryptocurrency is essentially untraceable!"

"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."

"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."

"Not willing to take the collapse of My Advertising Pays lying down, an affiliate is using the court in an attempt to recover over £4000 GBP in losses ($5200 USD)."

"As documented by Tara Talks, a small claims case was filed against Tony and Lynne Booth on July 25th."

"Together the Booths are believed to have received a large percentage of funds invested by My Advertising Pays affiliates."

"On August 11th it was confirmed that the Booths had responded to the lawsuit."

The country for this case study is not yet known.

The country for this case study is not yet known.

The background of the exchange platform, service, or individuals involved, as it would have been seen or understood at the time of the events.

Include:

• Known history of when and how the service was started.
• What problems does the company or service claim to solve?
• What marketing materials were used by the firm or business?
• Audits performed, and excerpts that may have been included.
• Business registration documents shown (fake or legitimate).
• How were people recruited to participate?
• Public warnings and announcements prior to the event.

Don't Include:

• Any wording which directly states or implies that the business is/was illegitimate, or that a vulnerability existed.
• Anything that wasn't reasonably knowable at the time of the event.

There could be more than one section here. If the same platform is involved with multiple incidents, then it can be linked to a main article page.

The Reality

This sections is included if a case involved deception or information that was unknown at the time. Examples include:

• When the service was actually started (if different than the "official story").
• Who actually ran a service and their own personal history.
• How the service was structured behind the scenes. (For example, there was no "trading bot".)
• Details of what audits reported and how vulnerabilities were missed during auditing.

What Happened

The specific events of the loss and how it came about. What actually happened to cause the loss and some of the events leading up to it.

Key Event Timeline - MyAdvertisingPays Exit Scam

Date	Event	Description
July 25th, 2017	Main Event	Expand this into a brief description of what happened and the impact. If multiple lines are necessary, add them here.

Technical Details

This section includes specific detailed technical analysis of any security breaches which happened. What specific software vulnerabilities contributed to the problem and how were they exploited?

Total Amount Lost

The total amount lost is unknown.

How much was lost and how was it calculated? If there are conflicting reports, which are accurate and where does the discrepancy lie?

Immediate Reactions

How did the various parties involved (firm, platform, management, and/or affected individual(s)) deal with the events? Were services shut down? Were announcements made? Were groups formed?

Ultimate Outcome

What was the end result? Was any investigation done? Were any individuals prosecuted? Was there a lawsuit? Was any tracing done?

Total Amount Recovered

There do not appear to have been any funds recovered in this case.

What funds were recovered? What funds were reimbursed for those affected users?

Ongoing Developments

What parts of this case are still remaining to be concluded?

Individual Prevention Policies

No specific policies for individual prevention have yet been identified in this case.

For the full list of how to protect your funds as an individual, check our Prevention Policies for Individuals guide.

Platform Prevention Policies

Policies for platforms to take to prevent this situation have not yet been selected in this case.

For the full list of how to protect your funds as a financial service, check our Prevention Policies for Platforms guide.

Regulatory Prevention Policies

No specific regulatory policies have yet been identified in this case.

For the full list of regulatory policies that can prevent loss, check our Prevention Policies for Regulators guide.