Flagads.net, a scam?

So as I was browsing this forum I noticed an ad at the top
advertising a CPM website called FlagAds.net.
According to them, they have over 2 billion ad impressions per month.
But according to a whois lookup, their website is only a week old.
http://www.whois.net/whois/flagads.net
If this is not a scam, why would they say something that is
blatantly a lie?

See original post by Wulkanen