Ad Media Traders is a very clever scam.
The site has built in calculators that seemingly show growth on investment that lures you to invest more.
You can join for free and get started with a minimum investment of $25.00 through PayPal or Alert Pay which lends an air of authenticity to the site.
After the initial investment, you watch in amazement at the growth of your funds, allegedly adding revenue from other advertising sites such as viraltrafficstream.com and YourAutomaticTraffic.com
(to date no connection with these sites has been established)
All of this lures you to re invest and even add more money in partnership shares.
I originally saw positive reports up until July of then started hearing that people were unable to withdraw any money.
I then tried to withdraw small amounts starting in July of this year and to date have not recovered a penny.
Since then I have had no response and while the site continues to be live, I suspect it will be pulled down like TextAd Brokers, leaving thousands of investors in its wake with lost investments.
At present the investment that I made ($800.00) is showing that I have a total of $11345.96 that is owing.
(PayPal refuses to reimburse, stating that it is a virtual fund. Not much help from one of the largest payment processors on the internet… (surprised?)
Alert pay has been honoring refund requests within the first thirty days, and one wonders how long that company will take before contacting the creators of AdMedia Traders with their lawyers.
Mr Hess has even the audacity to promote other similar sites: http://www.donateacycle.com and Sponsor Cycler - Cash Cycling Made Easy! Though his contact list for the site!
Any thing remotely connected to Jacob Hess should be avoided… and absolutely do not invest in this.
Numerous reports on the internet indicate that the number of people defrauded in this scheme is in the thousands..
The sites origins point to Toronto Canada, so if you have been a victim, report to the
Canadian Anti-Fraud Centre
http://www.antifraudcentre-centreantifraude.ca/
I did (Report id 119122) and now Mr. Hess is on their radar….
Take some time and submit your report to the police…..
Perhaps if enough people complain, we can bring the man to justice.
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