He came to SRK and advertised a pyramid/ponzi scheme called StudioTraffic, got a bunch of people to invest in it, and disappeared for a while.
http://www.talkgold.com/forum/archive/index.php/t-86662.html
I’m having a hard time finding the original SRK thing though.
The Ponzi Scheme Thread: Or, "Stories about how I got scammed or how people tried to Scam Me" General Discussion
Since I can’t really write an article on this, and a facebook post seems narcissistic, thought I’d throw this here. Just a thread where we can list times you almost got scammed or had to deal with people who’s business sense is so disingenuous and screwed up it seems photoshopped.
Examples: Cutco. And the story I’m about to throw to you.
Yesterday I was on my way to LA late at night to meet with a booking agent who was supposed to get me to play at the House of Blues. On the way there I get a c…
He wasn’t the only one.
Mike Watson did some shady shit…
AND, IIRC, Mr. Wizard had some shit where he was awarding people free Premium if they signed up for something so he could get a free Xbox.
studio traffic was a really simple business model. you look at ads for like 10 minutes a day, and you gained like 1% interest a day. if you referred people to the program, you got bonus interest. duc do made out like a bandit, since people at the top of the pyramid scheme win.
12dailypro was the same deal, only you got 12% interest per day instead. mike watson promoted this one i think.
then the feds came and shut those programs down, and the forums were filled with delicious tears. i remember one woman posting how she had secretly sunk their life savings into this without telling her husband. epic FFFFFFFFFFAIL