ABC4’s View on 12DailyPro Admin’s New Venture
ABC4 Utah’s Brent Hunsaker has been following 12DailyPro since the early stages of its decline, but this is his first article since the official shutdown of 12DailyPro on Feb. 27th by the SEC.
The article attacks 12DailyPro administrator Charis Johnson’s newest online venture, Startup Street. Although his opinion toward Mrs. Johnson and her new venture seem to be sour and imply the site may be very well be another scam, his article fails to point out any notable faults in the new program. I think this article will give Startup Street more publicity than anything, since his arguments fail horribly to invoke any evidence-based, negative (or positive) insights. Everything is pure speculation, using a mother and ex-12DailyPro user’s comments to fuel the article’s “legitimacy”.
The article does not even mention the fact that Charis Johnson has not been put in jail and is still well inside the government’s “spotlight.” She must change her life in the opposite direction if she wants to stay out of trouble. What if she really has create a legitimate business to help beginning internet entrepreneurs? Who is to judge that? Oh that’s right, a random mom who invested $12 in 12DP. ABC4 needs to provide news, not unfounded opinions - this article is a waste of time.
If you are curious and don’t mind wasting 20 minutes of your life (5 minutes to read and 15 to be pissed off), click here to read the article. Please feel free to comment..especially if you don’t agree with my analysis!
2 Responses to “ABC4’s View on 12DailyPro Admin’s New Venture”
By lsjimm on Apr 21, 2006 | Reply
It’s been nearly 2 months since the SEC take over and I havn’t gotten any information of substance from anywhere. If you e-mail the receiver, you get a regurgitated statement that basically says nothing except we’re working on it. One obvious question that hasn’t been addressed is, does Stormpay have the millions of dollars of 12Dailypros members money? If not, where is it? If the SEC’s investigation hasn’t come up with this money, why isn’t there any crimminal investigation and charges made against Stormpay. Here is the last reply from the SEC to my e-mail request. QUESTION-”Is the money that Stormpay supposedly froze (apparently millions, as in
50 million),
even accounted for? ANSWER-”Not yet but we are working on it.”
By Marcelo on Apr 22, 2006 | Reply
Yeah its quite a scary thought to think that possibly Stormpay has brushed a couple millions out of the SEC’s grasp. Seeing that the Receiver cannot really say for sure where the money is could very well be foreshadowing further problems.
However, I think that the Receiver will do as much as possible to make sure most of us get our fair share. At least the Receiver, a court-appointed individual, is in charge of the refunds…instead of Charis just running off with all the money (most programs end that way).
I guess we’ll just have to wait it out and hope for the best.