PaidVerts Review – Is it a Scam? | Not Recommended
Update:
Richard O’Neill/Jo Cook has been replaced and new management has been
appointed. However, we will no longer monitor Paidverts, regardless of
these changes in the management. We moved Paidverts to the Not
Recommended list when the first debt swap was performed and since then
there have been multiple debt swaps performed and naturally Paidverts
will remain on the Not Recommended list. Paidverts is a ponzi disguised
as PTC and we do not endorse or promote such programs. The information
provided in the review below is from the time when Richard O’Neill/Jo
Cook was in charge of Paidverts. It will remain intact for informational
purposes only and will not be updated anymore. If you are already a
member of Paidverts, do your own due diligence about the program.
Update Jan 05, 2015: Moved from the New Sites list to the Not Recommended list due to forcibly converting BAP into shares.
Paidverts Old Review (no longer updated)
Update Jan 30, 2015: We have found solid proofs that “Jo Cook” the admin of Paidverts is in fact Richard O’Neill, an infamous admin responsible for a lot of past scam sites. People got scammed on sites he managed, he promised and guaranteed refunds for everyone but he failed to keep his promises. Too many past scam sites, lies, deceit and excuses from this admin. His history and involvement into past scam sites have been exposed on the biggest money making forums, and probably that is the reason why this time on MTV and Paidverts he is using a fake name – Joel William Cook or Jo Cook. The site that cares so much about transparency is managed by person with fictitious identity. We don’t endorse or promote sites run by past scammers, regardless if it pays and no matter how “awesome” it is. Paidverts will remain on the Not-Recommended list. Previously it was moved to the Not Recommended list due to forcibly converting BAP into shares. For more details and proofs refer to the Downsides section below.Update Jan 05, 2015: Moved from the New Sites list to the Not Recommended list due to forcibly converting BAP into shares.
Downsides of Paidverts – Things to Pay Attention to:
Managed by Past Scammer – Paidverts is managed by Richard O’Neill, an infamous past scammer that operated a lot of past scam sites including Richy-Invest,
Jp-daily, Investment96 (version 1, 2 and 3), Investproker,
PokerByProxy, Mysterious-Profits, PokerProfits, SustainedReturns,
GG-investments and probably others. Richard O’Neill is known for using the email address devilscook@gmail.com and the nickname DevilsCook.
Does the photo below look familiar to you? Is this Jo Cook look-alike? I wouldn’t say so, this is a photo of Richard O’Neill.
Pay attention to the bottom part of the screenshot above (the photo with the parachute), the very same photo (just enlarged) “Jo Cook” have on his Faceboook profile.
Apparently Richard O’Neill loves parachuting, here is a video on his Youtube channel Devils Cook, you can notice that the parachute is the same as that one on the photo of Jo Cook’s Facebook profile.
Here is another screenshot taken from a forum where he says what is his real name (pay attention to the topic subject).
Still not convinced that “Jo Cook” is in fact the devils cook Richard O’Neill? Let’s take a look at his Photobucket profile http://s295.photobucket.com/user/devilscook96/library/?sort=3&page=1 particularly at the photo below.
That’s “Jo Cook” indeed. Why the devils cook Richard O’Neill is having a photo of “Jo Cook”? The answer is simple, because it is the same person. Take a look at some photos on Jo Cook’s Facebook profile you will see it is the same person. Update: Jo Cook’s Facebook profile was deactivated, Facebook asked for ID to confirm his identity, now his profile is activated again, this time he’s using his real full name Richard Matthew John O’Neill.
Does the photo below look familiar to you? Is this Jo Cook look-alike? I wouldn’t say so, this is a photo of Richard O’Neill.
Pay attention to the bottom part of the screenshot above (the photo with the parachute), the very same photo (just enlarged) “Jo Cook” have on his Faceboook profile.
Apparently Richard O’Neill loves parachuting, here is a video on his Youtube channel Devils Cook, you can notice that the parachute is the same as that one on the photo of Jo Cook’s Facebook profile.
Here is another screenshot taken from a forum where he says what is his real name (pay attention to the topic subject).
Still not convinced that “Jo Cook” is in fact the devils cook Richard O’Neill? Let’s take a look at his Photobucket profile http://s295.photobucket.com/user/devilscook96/library/?sort=3&page=1 particularly at the photo below.
That’s “Jo Cook” indeed. Why the devils cook Richard O’Neill is having a photo of “Jo Cook”? The answer is simple, because it is the same person. Take a look at some photos on Jo Cook’s Facebook profile you will see it is the same person. Update: Jo Cook’s Facebook profile was deactivated, Facebook asked for ID to confirm his identity, now his profile is activated again, this time he’s using his real full name Richard Matthew John O’Neill.
Debt Swap (Forcibly Converting BAP into MTV Shares)
– On December 31st 2014 PaidVerts debt swap was performed. All your
Bonus Ad Points (BAP) have been exchanged for cash shares at
MyTrafficValue. Your BAP has been reset to 0, forcibly exchanged for MTV
shares and now to receive your BAP back you will have to either sell
your shares at a certain price (will have to wait for the price to rise
at profitable level) or to buy new ad packs to receive new BAP. With
this change basically they turned all members into forced MTV
shareholders, brought Paidverts into BAP free state by resetting your
BAP balance, and ‘forcing’ members to pour fresh money into the system
to regain BAP back or to buy cheap shares and later to sell them at
profitable levels. Although it is likely to make profit out of this debt
swap (you will have to be patient and wait for the shares price to
rise), I don’t really like the way the admin is forcing you to do things
he wants you to do. Few days before the debt swap the Paidverts’ admin
claimed that everything was doing well, boasted about 100% liquid state,
claimed that there is enough money for everyone to cashout their
balances. If Paidverts was so awesome then there is no need to wipe out
the BAP debt to make Paidverts “awesome again”, as they claim, because
according to the admin Paidverts was already “awesome”. There is nothing
awesome in suddenly resetting balances and forcing people to do what
the admin wants they to do. He says just sell your shares at the right
price and you will get back where you were before the debt swap. You
will have to be patient and wait for the share price to rise at
profitable levels and until that happens, those that will sell their
shares will obviously lose. Take note that there is transfer fee when
you sell shares which goes back to the site or to admin’s pockets.
Members worked hard to earn BAP in order to reach certain BAP groups and
now they have to start over again. The way I see it, this debt swap was
performed only to pour fresh money into the system, because after
converting the BAP to shares members have two options to regain their
BAP back, either sell their shares at profitable levels (someone have to
buy those shares) or buy new ad packs to receive new BAP. That’s why
now members are receiving higher daily paid ads (compared to the period
before the debt swap). People are buying bulk ad packs (gives them BAP
in return) with a purpose to climb up to higher BAP groups in order to
receive higher daily paid ads. And when everything gets “back to normal”
I guess there will be another debt swap to make Paidverts “awesome
again”. To sum up, with this dept swap, those members that will sell
their shares shortly after the debt swap will lose, the ones that will
play smart and wait for the price to rise will make profits and without
doubt the one that will benefit the most out of the debt swap is the
admin himself as he earns commissions from all unreferred members who
are now building up their lost BAP by purchasing bulk ads.
Poor Support System
– Lately there are delays in responses to support tickets, I came
across various complaints regarding unanswered support tickets. I have
also send a support ticket and it took 30 days to get an answer. The
site is getting bigger as more and more users join day by day and I
guess they are overwhelmed with support tickets. I understand that there
are “needless” support tickets that could have been answered by
searching the site FAQs and TOS, however there are also important issues
that needs to be promptly resolved, things like pending deposits,
advertisements approvals, login issues, withdrawals processed but not
received etc. One thing is for sure, responsive support system is
important for any site as it is the only contact (despite the forum) a
member has with the site and members are vital to a PTC site. When
members have an important issue or question, they expect the customer
support department to resolve their issues. Recently they hired
additional customer support staff and they are slowly catching up with
tickets.
- Changes and Updates
- January 30, 2015 – Published proofs that Jo Cook has been using fictitious name, his real name is Richard O’Neill and he is responsible for a lot of past scam sites.
- January 05, 2015 – Moved from the New Sites list to the Not Recommended list due to forcibly converting BAP into shares.
- November 8, 2014 – New Downside added to the review – Poor support system.
- October 15, 2014 – Cheap Traffic Ads introduced.
- July 31, 2014 – Changes to the BAP ads settings, BAP tax has been increased, account milestones have been removed.
- June 30, 2014 – The minimum Paypal cashout has been reduced from $5.00 to $2.00.
- June 25, 2014 – Review completed, site added to the New Sites List.
Note:
Please refrain from posting links/promoting Paidverts into your
comments, linking to sites placed on the Not-Recommended list is not
allowed.
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