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Be made aware of Googleadz.com. The model, the math, everything is essentially identical to failed models, multiple failed models, many of which have been successfully prosecuted by the government.
(Check out our friend Patrick Pretty and his blog for lengthy discussion and analysis of these types of ponzi programs)
Worse yet, for the unsuspecting participant, the government can, and does, exercise “clawback provisions” where proceeds received from participation in ponzi schemes can be seized by the government. Prime examples of this are the fight over the funds remaining from the Madoff Ponzi and the 12DailyPro Debacle.
So, even if you DO make money in programs like this, you are still forced to always look over your shoulder, wondering if you’ll be next to have your gains seized at some point in the future.
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