Pacific WebWorks, Inc started as Asphalt Associates back in 1999 and are now a publicly traded company which is another scam in the penny markets. This is one of the stocks I would consider a lifestyle stock as they are selling or diluting stock to support the lifestyle they want. Asphalt Associates was founded in 1987.
According to Yahoo Kenneth W. Bell age 59 is the Chairman, CEO, PAO, and Treasurer. With Christian R. Larsen age 34 being the President and Robert Brett Bell age 33 being the CFO and VP of Finance. Seems like I see two names the same so maybe a father son type business. The salaries these people are bringing home is pretty nice as well you can find them at the Yahoo Finance.
Why am I talking about Pacific WebWorks? Well they seem to be behind some of the biggest Google Scams and several other scams. But that does not make it as bad as some of the other things I am seeing. They are behind EAuction which is supposedly a Ebay Tutor Toolkit that will show you how to become a PowerSeller and make $3000 in 30 days. Of course they say you have 14 days to try the kit and will only be billed $2.95 during the trial and than you will be given a nice charge of $59.90 monthly. They also say they can transfer your billing to a third party Merchant of Record thats a little scary to me. Then looking at the terms and conditions I see something that bothers me more.
“We reserve the right to transfer your billing to a third party Merchant of Record. This authority will remain in effect until revoked by me. This agreement will remain in effect each month until cancelled by me. You may cancel at anytime by writing to 230 West 400 South, First Floor Salt Lake City, UT 84101 or calling 1-800-497-4988 (International customers please call 1-866-321-2728).â€
Until canceled by me? Should that not be canceled by You? They also claim that charge backs and reversals will be reported to the local authorities for theft of services. Thats a joke.
The real scary part to me is that all credit card processing is done by a company called IntelliPay, Inc. IntelliPay is a company of PacificWeb Works and they are hawking merchant accounts. This means that the same people running these scams may already have your credit card information. There are reports of people being charged without ever ordering but that can not be verified. I recommend checking all SSL certificates when you are placing an order for anyone and if its owned by IntelliPay more than likely you are about to have problems. Read all terms and conditions for every single site you pay on.
If you Google the 800 numbers you will find many people upset because of these scams and all of them are Pacific WebWorks . Further searches says they are also doing a “Yahoo Success Center†and are pushing a lot of these ads through affiliate networks with high payouts which means people who are doing affiliate marketing who do not pay attention to whats really going on are pushing even more people with the hopes of high conversion rates. This one also claims the same type information. We will charge you a buck or two for a few days than hit you hard with a $60 dollar monthly fee. You can find more about them using affiliate marketing and what they will hit you with here.
Now many people have been hit with this and I recommend anyone who has had this happen contact
Mark Shurtleff
[email protected]
Office of the Attorney General
Utah State Capitol Complex
350 North State Street Suite 230
SLC UT 84114-2320
and let him know what has gone on and lets try to put an end to this fraud. I also recommend immediately canceling your credit card and getting a new number issued to you. This the first in a series of posts and if you have more information please post a comment with any information you have.
