Is MonetizeAd running a fraudulent campaign? (Update 2024)
You can help us put a stop to online scams before they grow too big and end up ruining thousands of lives. A scam is a scam, doesn’t matter if it’s big or small. Now that this is out of the way, let’s get started with the review.
MonetieAd is running a fraudster campaign, is this true or not? To know this we need to delve deep into the history & facts of this MonetizeAd company.
We look at 34 different data points when analyzing and rating online money-earning opportunities. Once the research on these data points is submitted, expert contributors reach out to the company’s customers and associates to get more insight into their operation. Finally, all the collected information is presented in the form of this expert review.
All the data is extracted from publicly available information and the sources are given in the transparency section at the bottom of every report.
These reports are made possible by the collective efforts of contributors like you. If you would like to become a contributor then contact us here.
What do you know about MonetizeAd?
A marketing firm called MonetizeAd asserts to provide computer games, digital marketing, copywriting, SEO, and e-commerce at extremely high levels. One of the most commonly used methods of making money from your website is advertising.
On your website, though, a variety of advertisements can be seen. Despite the abundance of ad network providers available on the internet, you should pick the one that is dependable, accountable, and quantifiable.
What is an advertising network?
The purchase and sale of advertising inventory is made easier by an ad network, which serves as a platform to link publishers and advertisers. The majority of the time, ad networks collect advertising space from different websites and distribute it to businesses.
Publishers sign up with a network of ads to sell their commercial space and make money, and advertisers utilize the network to purchase advertising space and market their goods or services. Ad networks may provide a range of targeting choices, including demographics, geography, interests, and behavior, to make sure that marketers can reach their intended audience.
Social links of MonetizeAd:
- https://monetizead.com/
- https://www.crunchbase.com/organization/monetize-ad
- https://www.linkedin.com/company/monetize-ad/
Who is the founder of MonetizeAd?
Social links of Ajdin Brkovic:
Ajdin Brkovic is the co-founder and chief executive officer of MonetizeAd d.o.o. Sarajevo, together with Alma Brkovic and Mersad Vejzovic. In addition, Ajdin Brkovic oversees Monad Lead d.o.o., a Monetizes Ad subsidiary in Belgrade, Serbia.
How does MonetizeAd operate?
MonetizeAd claims to provide several services. The services provided address a variety of requirements for Internet businesses and digital marketing:
Affiliate marketing: Links you up with affiliate marketers who may help you promote your goods or services online and make money doing so.
Digital marketing: Offers direction and tactics for companies to create and carry out effective digital marketing initiatives.
App and Software Development: Provides services for building specialized software and apps that streamline company procedures and boost productivity.
Customized performance-based strategies: Emphasizes performance-driven digital marketing tactics that support certain corporate goals and are compensated according to performance.
Is the group of MonetizeAd is Fraudster? But how?
Although this company is connected with a superior network zone. What I discovered is that this network is formed of different fraud links. And it was really difficult to open up this entangled network. Going further it was clear that MonetizeAd was exposed to running fraudulent Bitcoin campaigns. You can see proof of that below in the screenshot:
Now, it was found that the role of MonetizeAd was involved in various sections. This raised many red flags about its operation. It includes its Schemes, which were actually fake. Other operations & many other actions. Let’s disclose it.
Fake Campaigns of Bitcoin:
It has been claimed that MonetizeAd has established massive affiliate systems that make use of shady advertising initiatives like the digital currency Up or Bitcoin System.
These advertisements aim to entice potential victims by offering profit through cryptocurrency investments. Data from these advertisements is allegedly collected by the business, which it then sells to boiler room businesses in Europe. These actions are seen as immoral and maybe against the law.
Beneficial Processes: According to MonetizeAd, sales and profits both increased significantly. This is hardly unexpected given how aggressive and cunning their fraud tactics are. Through these operations, which take advantage of vulnerable people, they probably make a sizable income.
LimitedCharm: LimitedCharm is a different business initiative run by MonetizeAd. Through its own website and affiliate networks, this organization sells health and beauty items in a number of nations, including Bulgaria, Hungary, Italy, and Spain.
Fake News Tragac’s study, however, uncovered problems with LimitedCharm’s goods. Customers have complained that either the products have not been sent or, when they are, they are not what was promised. These items have the designation “fake or scam products.”
MonetizeAd: Exposure of Fraudulent Bitcoin Scheme
The Bitcoin scam campaigns you mentioned
- Bitcoin Up
- Bitcoin System
- Bitcoin Profit
They all have been going strong for around two years and have been actively seeking new brokers’ victims. These campaigns are managed by expert online advertising firms that work with affiliate networks.
According to the deposits that the innocent victims they recruit for these frauds make, these agencies receive commissions. These organizations are frequently lost in the internet’s secret spaces.
MonetizeAd, a business headquartered in Sarajevo, has been pointed out by a whistleblower as one of the organizations in charge of carrying out some of these deceptive ads. These scams ultimately cause monetary losses for those who are deceived, and MonetizeAd is accused of supporting and promoting them.
The internet community is concerned about these fraudulent activities because they prey on people looking for investments in cryptocurrency like Bitcoin and take advantage of their ignorance or lack of experience in the cryptocurrency market to their financial advantage.
In order to prevent being a victim of such fraud, it is essential to use care and undertake in-depth study before contemplating any investment opportunity, particularly in the world of cryptocurrencies.
MonetizeAd: Whistleblower revealed the entire fake Scheme, But how?
The problem that is being described seems to entail a complicated web of suspected fraudulent operations connected to cryptocurrency campaigns, broker scams, and relationships between several organizations, including MonetizeAd, MonadLead, Adria Media Group, and Igor Zezelj.
As key participants in the alleged fraud scheme, MonetizeAd and its affiliated company MonadLead are identified. They seem to have been charged with promoting broker fraud through dishonest crypto advertising. Broker scams frequently use fraudulent methods to entice people into buying financial products or cryptocurrency with the purpose to swindle them.
A whistleblower was what first made MonetizeAd and MonadLead’s participation in these deceptive activities known. People who reveal misconduct within a company or sector are known as whistleblowers.
Investigative media organizations, such as Serbian BIRN (Balkan Investigative Reporting Network), have taken up the story and carried out their own investigations. These publications probably found more connections and details about the suspected fraud.
According to the research, MonetizeAd and Adria Media Group have some intriguing ties. There are reportedly connections or linkages between the two organizations. Adria Media Group is said to be a Serbian media empire.
It is stated that Igor Zezelj is Adria Media Group’s beneficial owner. This suggests that he owns a major portion of the media empire or has great power over it. Although the details of these links are not stated, it’s probable that Zezelj had some sort of involvement with the suspected fraudulent actions.
A continual process of revealing fraud is how the scenario is portrayed, suggesting that if the inquiry goes further, additional information might become available. Additional information and linkages may shed light on the scope of the claimed fraud scheme and the participation of different parties.
Moving further I have doubts that MonetizeAd has made several connections to form up this Ad Fraud Scheme.
MonetizeAd: The Balkan Connections
According to the evidence I found, it is particularly evident in Serbia and the Balkans that a number of organizations are involved in illegal activities involving cryptocurrencies and online advertising. The important points are described below:
Bitcoin scams: The Bitcoin Up and Bitcoin System scams are known for duping people into investing in bitcoins by promising large returns but in the end, leaving them with losses. Targeting unwary investors, these operations have been running in Serbia and other places.
Reports of BIRN: The Balkan Investigating Reporting Network (BIRN) released a comprehensive study outlining the fraudulent practices connected to Bitcoin Up and similar rip-offs. This research made clear more businesses functioning in the Balkans that were responsible for deceptive advertising.
Participation of MGID: MGID, a well-known marketing firm headquartered in Ukraine (www.mgid.com), is involved. Through examination by BIRN, it was discovered that MGID had posted false adverts on Serbian portals. With its extensive network of advertising partners, MGID is renowned for its ability to match advertisers with sizable audiences.
Role of Midas Network: According to the investigation, the Midas Network, situated in Zagreb and run by Midas Network d.o.o., was also involved. This business is thought to have conducted fake advertisements there.
Serbia’s Fraud Record: Belgrade, the nation’s capital, has a history of serving as a focal point for a variety of worldwide scams. Starting in approximately 2010, Israeli “FinTech” entrepreneurs led the fraudulent binary options sector, which was centered there. Boiler rooms were frequently used in these fraudulent online trading enterprises, where people would use high-pressure sales techniques to convince clients to leave with their money.
Transfer to Ukraine: Many of the owners of these boiler rooms and fraudulent schemes switched to Ukraine as of 2018. This change was brought about by the need for even lower operating costs and potentially laxer restrictions, which made Ukraine a desirable destination for such activities.
Monetize Ad: Adria Media Group
The Midas Network website lists Mondo, Kurir, Alo, B92, Mondo, Espresso, Cosmopolitan, Pink, and other clients, according to BIRN. They are a member of the Adria Media Group, which is controlled by Igor Zezelj, who also serves as one of the Midas Network d.o.o.’s beneficial owners through his Mondo d.o.o. in Croatia. There are connections between the fraudsters and Adria Media Group, one of the biggest media companies in the Balkans.
A large number of boiler room workers have returned to Serbia as a result of Russia’s invasion of Ukraine. More than 300 new Russian and Ukrainian businesses have started in Belgrade since February 2022, and more than 6,000 work visa applications have been submitted, according to insiders. It was also known that Serbian businesspeople and officials wanted to invest in these ventures and did not want to hand over the “scam pie” entirely to foreigners.
MonetizeAd Reviews: Scam Exposed by the Clients & Victims
Yes, I do have evidence where the people are exposing this company by sharing their experiences.
In the above screenshot, there is a question about the image of MonetizeAd that its company is a “Scammer or Successful Innovative Company?” On the discussion of this question, the people replied in both ways positive & negative. But what I grasped was the disappointment which was in the majority. So, let’s discuss it below.
#1. MonetizeAd is a Scammer
According to the client’s comment above, this call center mostly markets its “fog” product to senior people in German- and Spanish-speaking regions. Additionally, they provide localized Telemach customer service and participate in web marketing, which includes commercials for winged cats and cancer treatments.
For Spanish-speaking employees, a pay of 1300 KM is promised; nevertheless, the workweek’s permitted hours are illegally long—more than 60 to 70 hours. The 1300 KM income is based on erroneous sales expectations, while the true base pay is 800 KM.
The organization specializes in illegal business methods, such as housing arrangements, converted resignations, and non-permanent contracts. Even though they don’t steal, their business practices are unethical and the working conditions are illegal. The operation relies heavily on cold calling from databases and looks to use freelancers to sell the “fog” in a foreign market. Future legal repercussions seem possible as a result of these practices.
#2. They have a fake website
As stated in the remark above, cryptocurrency scams include con artists misleading victims by promising to provide them with bogus or fictitious cryptocurrencies through fake sites or platforms. They (MonetizeAd) entice people to send them money by promising great investment returns.
On these fraudulent websites, victims may momentarily notice an increase in their account balances. Still, when they try to withdraw their money or figure out the scam, they find that the fraudulent individuals have already vanished, causing them to suffer significant financial losses.
One more thing it was a reply to the first comment that is mentioned above in my words & screenshot.
About Tesler Fraud Campaign
Besides this Tesler Fraud Campaign is also an example which is like this company. And you need to be aware of it.
The UK Financial Conduct Authority (FCA), which regulates financial transactions in the country, issued a warning against the Tesler campaign in July 2021. The campaign is present on numerous additional websites under numerous domains.
A film featuring Steven Abrahams, a fictitious CEO of Tesler Investments, is part of the Tesler promotion. Tesler, he asserts, is a program for automated trading that continuously learns from previous transactions in order to provide better outcomes. Through the website https://project-tes.com, this fraud campaign is active right now.
Conclusion
Therefore, the final thing I can say is that MonetizeAd is an unlicensed organization bearing a heavy load of fraudulent campaigns, fraudulent press releases, legal problems, etc. It is a trustworthy organization. Furthermore, I have a ton of other links that you can use to argue your case as to whether or not what I told you was accurate. These links are as follows:
- https://www.reddit.com/r/bih/comments/12hvae7/monetizead_prevaranti_ili_uspje%C5%A1na_inovativna/
- https://raskrinkavanje.ba/analiza/kompleksna-mreza-firmi-na-balkanu-ko-stoji-iza-manipulativne-prodaje-razlicitih-preparata
- https://fakenews.rs/2021/12/29/mreza-firmi-na-balkanu-i-manipulativna-prodaja-magicnih-preparata/
- https://www.irishtimes.com/business/2023/06/19/dispute-over-web-marketing-agreement-enters-commercial-list/
Yes, MonetizeAd is running a fraudulent campaign…The answer to author’s question…????
Guys, there is no short-cut to making money. Take it as a note, work hard and stay away from the scammers.
After making a whole negative article, why did the author write that it is a trustworthy firm? People are so scared these days. ????
Why doesn’t anyone tell people that advertising networking can irritate your clients and hence, it’s not the best option to make money.
Can anyone tell how people make money from Bitcoin. As far as I know, I have only seen people who get scammed by the same.
I am a businessman and all I have to say about the firm is that it is a deceptive firm and all such firms that come up with mythical claims are illegitimate.
I had invested in the MonetizedAd website. I invested the amount, and after a few days, I wanted to withdraw some amount but it kept denying my request. This is so frustrating for me. I tried all the methods to withdraw the money but was unable to withdraw the money. Now I don’t where my money was. Still waiting for the refund or the phone call from them regarding the invested amount.
I had an awful encounter with them. I invested the money into this website. But the guy whom I talked to never answered my phone. I felt that I was scammed by these people who tried to conn me all the time. The situation makes me more distressed and frustrated me all the time.
I reinvested in the cryptocurrency but believe me guys they were stealing my money and never returned it. These platforms are created to deceive investors. I would be unable to get my amount back. It would be best to avoid MonetizedAd as this website is a terrible and complete waste of time and money. I would not recommend this site to anyone to keep distance from this bogus platform
They are poor cryptocurrency investments and won’t lay out to withdraw your money. Miserable customer service. Now I’m looking for different ways to get my money back. This site is a nightmare for the investors.
I had invested in this platform. For me, this site is unreliable. Don’t deal with them they are not real. Now take this review as a warning otherwise you will have to suffer heavy losses while dealing with them.
I literally don’t like this site. After one week when I went the withdraw the money, the site wouldn’t allow me to gain access to my account. But I’m happy that I have invested a small amount of money into this website. Please stay away from them.
I joined their affiliate networks as they promised to provide a variety of advertisements to me but at last, they were unable to provide me. When I asked for a refund they refused to do that. I don’t understand that on what basis they were not refunding the amount. I was unable to earn a single penny from this website. And suffer loss while dealing with them. The CEO of the MontizeAd Ajdin Brkovic is a liar. He made false promises to their clients and tried to mislead them.
I’m puzzled by this website. This platform is not reliable for the investors. It is better to avoid these fake crypto-currency websites whose main intention is to dupe the investors. Once they get the money they stop answering you.
Don’t trust this site, it is a total waste of time. Scam company misrepresents themselves as a cryptocurrency investing firm. Unable to get the refund. They had horrible customer service. When I called them and told them that I was uncomfortable and didn’t want their service anymore and asked for a refund the guy over there was repeating the same thing all the time as it seemed like he had learned a sentence that was taught to him by these fraudsters. For your safety, I would recommend never investing in this fake website.
Bad experience. I had to face numerous problems while dealing with them. The salesperson is unable to clear my doubts. After enrolling in their cryptocurrency plans. But after a couple of weeks, I found that they were doing something suspicious. The amount that I invested in their websites was not showing to me. How can a website be allowed to treat its investors like this, especially the investors who are quite interested in their schemes? When I called their customer service for my refund they were unable to pick up my phone. I strongly urge everyone to never put their hard-earned money into this platform.
This Platform is running the scam and nothing else. I worked as an employee over there but they were not providing the salaries at the time. If they are scamming their employees. This may also create numerous issues in the organisation and also make the management toxic. Apart from that, I was still waiting for my salary. Now I’m regretful to myself for making the worst choice. Stay away from this company that conned its employees.
I personally say that this site is doing fraud and scamming lots of investors. Their customer service is terrible, always mislead their clients. They are liars and they take all your money and just run away. Don’t believe these fraudsters. STAY AWAY from them.