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 GoldenPandaAdBuilder, a site reportedly conceived on a Georgia fishing lake as a “Chinese” option for ASD members. The site reportedly came to fruition after talks between ASD President Andy Bowdoin and Clarence Busby, who went on to become the operator of Golden Panda.
Golden Panda has officially dissolved its articles of incorporation and removed its claim to funds seized in the ASD probe. The case still is in litigation.
Since August, a number of other autosurfs have appeared, some positioning themselves as attractive alternatives to ASD. At least two of them — MegaLido and Frogress — already have failed.
We decided to keep a running chart of autosurfs. Names will be added over time, as readers contact us or we learn independently of their operations. One of the purposes of this chart is to get a sense about how many autosurfs are involved in litigation, are operating in troubled fashion or are operating freely.
Autosurf Roster (Updated Jan. 14, 2009)
|AdSurfDaily (Andy Bowdoin)||Y||Ongoing|
|GoldenPandaAdBuilder (Clarence Busby)||Y||Ongoing|
|LaFuenteDinero (Andy Bowdoin)||Y||Ongoing|
|AdGateWorld (No owner takes credit)||N (Debuted Jan. 14)||Panama?|
|AdViewGlobal (Some former ASD members)||N (Prelaunch Buzz)||Uruguay?|
|Bernard Madoff||Y (Nonautosurf Ponzi)||$50 B Ponzi|
|American Investors Network (AIN)||Y (Nonautosurf Ponzi)||Bogus Ad. Co.|
|Biz Ad Splash (Ownership undeclared)||N||Panama?|
|Increaser.biz (Ownership undeclared)||N||Netherlands?|
|Instant2u (“Billy?”)||N||DOA. Uzbekistan?|
|Noobing (Ownership undeclared)||N||Kansas?|
|Premium Ads Club (135% over 15 days)||N||DOA 2-23-09|
|Aggero Investment (Tied to Premium Ads Club)||N||Slow-mo DOA 3/1-09|