Archive for January 14th, 2009

Ad Surf Daily Surrenders; Bowdoin Removes Claim To Tens Of Millions Of Dollars As Autosurf Ponzi Members Grumble

Ad Surf Daily Surrenders; Bowdoin Removes Claim To Tens Of Millions Of Dollars As Autosurf Ponzi Members Grumble

BREAKING NEWS (UPDATED 9:03 P.M) Dogged by the government since August and a loser in early skirmishes with prosecutors, AdSurfDaily has done what it said it wouldn’t do: surrendered claims to tens of millions of dollars seized by the Secret Service in a Ponzi scheme investigation. Lawyers for ASD President Andy Bowdoin have filed a […]

Roster: Are These Autosurfs In Litigation? Troubled?

Roster: Are These Autosurfs In Litigation? Troubled?

Back in August we began to cover AdSurfDaily Inc., a Florida company accused of being an illegal enterprise. Federal prosecutors said ASD, an autosurf, was selling unregistered securities by calling itself an “advertising” company and running a $100 million Ponzi scheme. A sister site, LaFuenteDinero, was named in the same federal forfeiture complaint. So was […]

Marcus Schrenker Captured Near Quincy, Fla.

Marcus Schrenker Captured Near Quincy, Fla.

BLOG UPDATE 12:44 P.M. EST (USA): The U.S. Marshals Service has issued an updated statement on the capture of Marcus Schrenker. It is reproduced at the bottom of this post. Here, directly below, is our initial post . . . Authorities said they believed Indiana investment adviser Marcus Schrenker staged the crash of his Piper […]