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Month: February 2009

BREAKING NEWS: AdViewGlobal Aligned With Second Felon?

UPDATEÂ 9:16 P.M. EST (U.S.A.) The indictment against Karl Dahlstrom is available in PDF format at the bottom of this post. Here, below, our earlier post . . . In a desperate bid to hide itself underground after its management structure was exposed, the controversial autosurf AdViewGlobal has formed a private association and is taking…

Feb 28, 2009
Aggero Investment Surf In Slow-Mo Tank On Heels Of Earlier Failure Of Premium Ads Club: Bad Week For ‘Industry’

Earlier this week we reported on the failure of Premium Ads Club (PAC). Now a surf with close ties to PAC is in its death spiral. Aggero Investment says tomorrow will be its last day, absent a miracle that will prevent a run on the bank as investors race to collect returns advertised at 60…

Feb 28, 2009
Who is Faye S. Bowdoin? Troubling, New Questions Arise In The AdSurfDaily Ponzi Scheme And Money-Laundering Case

UPDATED 12:56 A.M. EST (Feb. 28, U.S.A.) Documents filed by federal prosecutors in the AdSurfDaily case pointedly refer to Andy Bowdoin’s wife as “Edna Faye Bowdoin.” But other documents on file with the Florida Department of State refer to her as “Faye S. Bowdoin.” Other documents in the Florida Department of State and elsewhere in…

Feb 27, 2009
Two New Motions To Intervene Filed In ASD Case

Using the Curtis Richmond litigation blueprint, two new motions to intervene have been filed in the AdSurfDaily forfeiture case. The motions were filed by Ronald Breckenfelder of Littleton, Colo., and John R. Moore of Ames, Iowa. The motions accuse U.S. District Judge Rosemary Collyer, U.S. Attorney Jeffrey A Taylor, and Assistant U.S. Attorney William Cowden…

Feb 27, 2009
Maddy, A Car Ride, Blankets, A Coin Laundry — And ASD

Today mostly was a day for thinking, not writing. Maddy the Wonder Puppy accompanied me this morning on a drive to my sister’s house. Maddy, at 11 months, hasn’t gotten any better in automobiles. She started whining the moment I backed out of the garage. Not even her favorite blankets — a blue one and…

Feb 26, 2009
EDITORIAL: Westridge Capital Management And AdSurfDaily: Poor North Salem, Poor Quincy

We feel for the residents of North Salem, N.Y., and the residents of Quincy, Fla. Fate has put them in the media glare. Talk at Westchester County lunch counters is not about how the Mets or Yankees or Red Sox will do this year. It’s about how Paul Greenwood, the town supervisor of North Salem,…

Feb 26, 2009
BREAKING NEWS: AdViewGlobal Moves Underground; Posts ‘Articles Of Association’ That Name Bowdoin Step-Son A Trustee; Ex-ASD Exec Gary Talbert Also Named A Trustee

On the Surf’s Up forum, the Mods are saying there are no ties between AdSurfDaily and AdView Global. But information on AVG’s website tells a different story. George F. Harris is named a trustee of a new group that’s calling itself “AV Global Association.” Harris is the son of Edna Faye Bowdoin, wife of ASD…

Feb 25, 2009
BREAKING NEWS: Arrests Made In Westridge Capital Management Case; FBI Alleges Massive Fraud

UPDATED 7:18 P.M. EST (U.S.A.) The FBI has made arrests in the Westridge Capital Management case. Paul Greenwood and Stephen Walsh, principals in WCM and an arm known as WG Trading of Greenwich, Conn., both were arrested. WCM is headquartered in Santa Barbara, Calif. Greenwood and Walsh were arraigned this afternoon in New York. Bail…

Feb 25, 2009
Analysis: AdViewGlobal, BizAdSplash In Failure Mode

UPDATE: 4:59 P.M. EST (U.S.A.) The Surf’s Up Forum now says the government has seized or frozen two bank accounts of ASD members. It did not provide the source, and it encouraged members not to identify the owners of the accounts. Here, below, our earlier post . . . EDITOR’S NOTE: It’s getting harder and…

Feb 25, 2009
Fallout Continues In Westridge Capital Management Case

UPDATE 5:23 P.M. EST (Feb. 25, U.S.A.) The story below is from Feb. 24, the day before Greenwood and Walsh were arrested. See our Feb. 25 story to read about the arrests. Two principals of Westridge Capital Management (WCM) are mum about the controversy swirling around the firm and affiliated companies. Neither Paul Greenwood nor…

Feb 24, 2009
BREAKING NEWS: Autosurf Known As ‘Premium Ads Club’ Tanks; Takes Child’s Chemo Treatments With It, Member Says

An autosurf known as “Premium Ads Club” has tanked. A poster at the ASA Monitor forum said he invested money for his child’s chemotherapy treatment in it. Premium Ads Club advertised a payout of 135 percent over 15 days. Members said the surf was collecting money as late as this weekend and had just come…

Feb 23, 2009

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