Studio Traffic closes down

From Make Money Online

Studiotraffic a supposedly auto-surf program where you get paid to surf started in late 2003. It has now been closed.

The way it worked

For each day, users can 'watch' a fixed number of advertisements on their browsers.Each user got paid 1% of how much they have in their account. For example, if they had a USD$100 in their account, they will be paid USD$1.

All users started out with a free $10 account level. Account level cah be increased by users by adding in more money in increments of USD$10.

Many people have pointed out that Studio Traffic is a scam and ponzie. However, there were many factors that made Studio Traffic looked legitimate. Hence, it was a scam that lasted 3 years,. They fronted (what seemed to be) an innovative and well structured business model. Their own payment processor, many other programs that apparently "added" to the revenue, panels, many people working long hours behind the scenes, a 3 year track record, and development of even more programs that were about to be added into the mix.

Related link:-

Wikipedia on Studio Traffic (http://en.wikipedia.org/wiki/Studiotraffic)