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Comment RSSWhere is Ryan Eagle’s Money Going?
Written by Pace LattinFebruary 24, 2013 # 7:08 pm # Marketing Insights, Specials # 32 Comments
What I hate more than anything is when a company goes out of business, but then does anything possible to collect the money and keep it through other means. According to reports out there, EWA owes tons of money to affiliates, if not millions, but is “doing their best” to collect and pay them. It seems perhaps this is not true. According to a letter sent to people who owe money to EWA, they are now asking people not to pay EWA but instead a new corporation that has been set up in California.
This corporation was just set up in the past year and from the looks of it, does absolutely no business. It’s address is located in an apartment building, and more importantly, the phone number and address is actually associated with several other affiliate networks that disappeared. You might remember JARMEDIA and AdShore Media which according to a search, not only has the same phone number, but the same address… and templates.
According to LinkedIn, one Jeremy Ricks owns both of the corporations JAR Media and AdShore Media.
So what is going on here? EWA wants you to pay another corporation so other people can’t collect on. While I don’t have proof that they own these corporations, there is some very strange coincidences, including that Phil Amidon is also following on linkedin JAR MEDIA, the company with the same address. On top of that, all three corporations have the same attorney, one Robert H. Powsner.
What’s even weirder if you don’t think these companies don’t have anything to do with EWA, I found hosted on their server an EWA logo — obviously that the companies, the apartment address has been at least associated with EWA for many, many years.
I’m not going to go out and claim that Ryan Eagle and EWA are stealing money through a dummy corporation, but something seems very strange indeed — even before noticing that the company “Global Media Aspiration” doesn’t even have a working website as of the writing of this article.
So, what should you do? If you owe money to EWA, I’d sincerely hold onto the money for now or pay EWA themselves. I have no idea what is going on, but the idea that you should be paying a new corporation money that perhaps you owe for your debt is strange indeed. I’d love some feedback on these companies, and perhaps others have a little more insight into what is going on.
I would like to introduce you to Phil Amidon from Global Media Aspirations. Moving forward they will be handling all our receivables. Please make sure that payments are made direct to the below wiring instructions. Phil will be reaching out to you shortly to introduce himself and explain the process further.
Account Name: Global Media Aspiration, Inc.
Company Address: 3000 Steiner St., San Francisco, CA, 94123
Bank Name: Bank of America
Bank Address: 2200 Chestnut St., San Francisco, CA 94123
Account Number: xxxx172233
ABA Routing (wires): xxxx09593
ABA Routing (paper): xxxx00358
Swift Code (USD): BOFAUS3N
Update 2/25/13: Jeremy Ricks, the owner of JAR Media has emailed PMI saying that they have no association with EWA except that they had an agreement in place to loan the company, and as part of that loan agreement, was a provision if they defaulted on the loan, the company would be able to collect the receivables. Interesting tangled web?
Following up on the below email from EWA: I understand that there is some confusion as to the role of Global Media Aspiration as related to EWA. If this is the first email you are receiving from me it is nice to connect. Please be advised that we are a senior secured creditor of EWA and they have defaulted on our loan. As such, we are exercising the rights provided to us in our lending agreement and hereby assuming all accounts receivable of EWA.
It would be very helpful if you could send me any outstanding invoices that you have with EWA, their amount and the terms of the invoices (expected pay date) so that I can mark those amounts down in our system and generate an appropriate database and invoices. We do have access to EWA’s system but it is a lot to go through – this is to say that I would greatly appreciate your assistance.
I understand that this account change is an adjustment and I am here to ensure this process goes as smooth as possible. Please let me know if you have any questions or need any further information. Your attention to this matter is greatly appreciated.
Written by Pace Lattin
Pace Lattin is one of the top experts in interactive advertising, affiliate marketing. Pace Lattin is known for his dedication to ethics in marketing, and focus on compliance and fraud in the industry, and has written numerous articles for publications from MediaPost, ClickZ, ADOTAS and his own blogs.
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let us not forget all of his other shell networks that eagle owns does he
obey.my thers threads everywhere about this and he admitted it before
wolfstormmedia
levelupads
cpatank
if you are run traffic with them you are still paying to ryan eagle and taking all the same risks
Hello everyone, I am Andre D. Ramsey. I wanted to come on here because someone brought this thread to my attention, and I’d like to set the record straight for those of you who are interested in the truth. I was responsible for running BlamAds as an employee of Ryan Eagle and Eagle Web Assets with the title VP of Incentive Operations from February 2010 – October 2012.
When we launched Blam in the summer of 2010, things went well for a long time and we had quite a following of very satisfied affiliates. Ryan Eagle as the owner of BLAM Ads and I as VP disagreed on a number of issues regarding the general management of BLAM and the direction of the company, as is normal with any situation involving a team environment. However, around the first quarter of 2012, I started receiving a considerable number of complaints from both my account managers and affiliates that the payments they were to receive from the EWA accounting office weren’t being sent on time- sometimes not at all.
I personally met with both Tom and Ryan Eagle on numerous occasions on behalf of my Affiliates and Affiliate Mangers to get to the bottom of these issues and to get affiliates payments expedited. As VP, I was only privy to affiliate operations of the company and not the back office accounting. From my perspective BLAM Ads was cash positive based on network stats and I could not understand why affiliates continued to be paid late.
I poured my life into BLAM Ads, and it frustrated me to see my blood, sweat, and tears falling apart based on things out of my control and all the decisions affecting the company being made by the owners to which I was not privy. During these discussions I informed the owners, that I could not in good conscience manage the company if BLAM continued in the direction it was going. Subsequently, on Oct 17th, 2012 I was told my services was no longer needed. I’ve not spoken to Ryan Eagle since.
A month following, Ben Cagle from Society Invite and MMDCash and I began discussing a partnership opportunity and on 11/15/2012 we forged a partnership to form LevelUpAds, LLC. This partnership brings both my experience and success together with his reputation for always paying his publishers and he has always been well respected in the industry. So when publishers come to LevelUpAds, they are not just joining another network, but are partnering with a team with over 30 years of collective manage experience, is financially backed, and has responsible leadership. Our company is fully independent and has no connection to Eagle Web Assets, Inc. Ryan Eagle or any of his partners.
The damage done from the collapse of EWA is felt throughout the industry; from the many employees that trusted Ryan, Harrison and Tom working countless hours to help build up EWA and BLAM Ads, and the thousands of affiliates whom not only lost their earnings but also trust in network owners and the industry as a whole, and to the unseen personal friends of Ryan Eagle whom have been negatively affected by these events.
Please contact me for further discussion via PM as I’d love to clear up any additional misconceptions.
Wolf Storm Media is no longer associated with EWA and has not been since May of 2012. We reformed the company in June of 2012 as a financially independent company when we saw the writing on the wall that many others saw with their impending demise.
We posted on our blog recently to clear the air and make sure everyone knows that we’re no longer associated.
http://wolfstormmedia.com/blog/2013/02/important-changes-at-wolf-storm-media/
I can attest to Jeremiah’s statement above that Wolf Storm is NOT associated in any way with EWA. I wish people would stop getting Wolf Storm Media twisted up into the immense shit storm going on with EWA. Jeremiah and crew run a clean shop and have nothing to do with this mess.
Brian McLevis
President // Envyus
WSM is not part of EWA, I know for a fact they once were part of EWA, that is no secret. I think he was wise enough to see the writing on the wall and bail. Good for you Jeremiah, Good luck in you endeavors!
Wolf Storm is ANOTHER Ryan Eagle company.
If I owed EWA money, I’d just keep it. Them coming after me with lawyers and the whole 9 yard, would cost more for them to collect than me paying them. Kind of a win for me if I owed them a substantial amount.
My thoughts goes out to all the people that are owed money by this kid. Acai Berry Hype-Rider.
When you start flashing aftermarket bling Rolexes and necklaces with coloured diamonds…It’s just a front. Think twice. The most humble guys in this business don’t flash like that.
Who’d be doumb enough to pay Ewa or affiliated companies/people anything, instead of keeping the money.
You don’t pay a thief.
You forfeit his money to make up for the fraud.
@PMI: you should enable cursing in the comments. I really like my “dumb”.
They have no Reputation,
They should get no Traffic.
Run with years old Established companies and CEOs, the Neverblues, Clickbooths and so on – instead of feeling not good enough and running with people that are lower than you.
The Azoogle/Epics… ?
Let me make it clear. Level UP has NO association with Ryan Eagle.
Im my opinion, people like him not only kill anything that has affilate connotation to it, but drag the rest of us down as well though association !
Just because he is sneaky, and squirrels his money in different companies, not every company out there is his or owned by him. He owes me personally A LOT of money.
I helped with LevelUP but no way would I let that guy anywhere NEAR Level UP !!
Andre of levelupads save your BS unless you think everyone here is stupid.
You worked with Ryan Eagle so we are all to assume that you pranced off and setup your own network?
Geeze that doesnt violate a NON COMPETE CLAUSE which you were on. Ryan could have easily sued you for starting another network if that were the case. Unless hes involved which explains why your site looks exactly like his.
im sick of so many idiots coming in here with their scams thinking we stuypd. your network is a ryan eagle network and your story has holes in it. PROPS to Pace for leading the charge on uncovering this pile of non sense!
”
Ad Attraction is one of Ryan’s new networks, it’s like 80% of the old EWA and fake AMs too there. http://www.facebook.com/mandy.gallegos.965?ref=ts&fref=ts
“
Actually, Mandy is about as real as it gets… and I mean that in in every sense of the word. http://www.facebook.com/pages/Ad-Attraction/285612304865803?ref=hl
Ad Attraction is my company, it is my baby, and I have never had any association with Ryan. So that being said, feel free to hit me up directly, or Becca or Mandy, or if you are ever in the Salt Lake area, stop on by. My office door is always open
How many EX-EWA employees work for your company?
James I have 2, Nicki and Andrew
okay, just curious:). Can’t say I’m not a bit suspicious of networks being involved with Mr. Eagle even when they say they are not. Just mean it in general not specifically your company.
EWA knowingly did an “affiliate heist” with commissions. I want to make sure no company I work with has any current ties to Mr. Eagle financially. He doesn’t owe me money, but for all the other affiliates out there he stiffed, I wouldn’t want my business to help him with his finances.
I knew I’ve seen that guy somewhere else.
Sounds like they’ve got the bad employees.
This dude came to us for SMS Data, Couldn’t even afford to pay for a $250 test file. Stay away from this guy. He also is renting out his apartment since he can no longer afford it.
Them doing this is actually illegal,both from the EWA and the Adshore. It is called fraudulent preference and if the company is truly in insolvency there is an order which debtors must be paid. One person cannot have a full debt and one 1/4.
This again shows how sleazy people in this industry turn out to be when times are tough.
BillW, be honest, are you a WWII LSD test victim?
You just ramble on with nonsense, it’s almost like more words come out of the keyboard than your busted grill. Get a fucking retainer atleast with some fake teeth bud, that’s just fucking gross.
None of this surprises me one bit. Actually I’m lying, I’m surprised by 2 things.
1. How many affiliates who consider themselves savy businessmen let a punk kid who acted a fool on the internet and in public hold considerable amounts of their money at any point in time.
2. That this went on for this long, I thought this would have happened about 2 years ago or so for sure but it’s was 100% inevitable in my eyes. If you didn’t see this coming you must be Helen Keller.
The “COLLECTION” companies payment account:
This account number has been suspended: Account Number: 177xxxxxxx
“According to our records, this account was previously suspended from the Funds Transfer Service therefore it cannot be added at this time. For information relating to this account, please contact a Bank of America customer service representative.”
I am not a fan of Jeremy Ricks, but if you think hes broke then you are a retard. He has his small hands in everything and is a very very sharp guy.
wow! it seems there is a whole soap opera started here..
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Hi Pace,
Please excuse my ignorance on this matter.
But, what does a network that owes EWA money have to do with JAR? Like, the deal wasn’t between JAR and the affiliate networks. It was between EWA and JAR. Affiliate networks don’t need to follow through anything that JAR is saying, right?
Obviously he will say he has no ties to EWA (except the loan) , so he DOES have ties to EWA. Smells like 100% BS and a way to shift the money elsewhere out of EWAs hands. When that money is actually owed to affiliates.
he put money into ewa in an attempt to bail it out.
Yes thats obvious. But those companies don’t legally have to pay JAR anything. Right?
In order to take a first creditor position like jar is claiming should ewa have to file bankruptcy and allow the courts to give jar media preference? He can’t just take without it going trough a legal process. Something sounds fishy for sure
Looks like Pace is hiding the posts about EWA. they keep disappearing from the hot discussions.
Uh? I’m unsure what your conspiracy theory is? That I wrote a post about EWA but I’m hiding my own article, which is listed at the top of the page as of this moment? Interesting theory… I don’t want the traffic?