BREAKING NEWS: AdViewGlobal Cited As Extension Of AdSurfDaily In RICO Complaint Against Andy Bowdoin
UPDATED 1:26 P.M. EDT (U.S.A.) AdViewGlobal has been cited in a racketeering lawsuit against AdSurfDaily President Andy Bowdoin as an extension of ASD.
In a motion filed this morning, the plaintiffs pointed out that a bank had closed a Bowdoin account while he was running ASD, after suspicious banking activity triggered Ponzi concerns. The plaintiffs then said suspicious banking acvivity also occurred with AdViewGlobal.
“Likewise, a bank recently suspended or closed the accounts of Adview Global due to excessive wire transactions exceeding $9500,” the plaintiffs said.
“AVG is the next iteration of the Ponzi scheme auto-surf programs, which [are] staffed with former ASD executives and Bowdoin disciples, including George Harris, the stepson of Bowdoin, who is listed as an AVG trustee, Gary Talbert, former ASD executive served as CEO of AVG and now serves as an accountant, Nate Boyd, a former compliance officer at ASD, serves as “Protector” of the AVG association, and Chuck Osmin, a former ASD employee who testified on ASD’s behalf at the evidentiary hearing before this Court last fall is a customer service representative of AVG.”
It was not immediately clear if the plaintiffs in the RICO case — all of whom are members of ASD — intended to file an amended complaint that would specifically name AVG a RICO defendant.
The original RICO lawsuit was filed in January against Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby. The lawsuit was amended in April. Bowdoin has not responded to the complaint. The plaintiffs dismissed Busby as a defendant earlier this month.
Among other things, the motion filed by the plaintiffs this morning also claims millions of dollars under Bowdoin’s control held offshore have never been repatriated. The motion includes a link to the PatrickPretty.com Blog, noting its reporting on ties between ASD and AVG.
At the same time, today’s motion by the plaintiffs asks U.S. District Judge Rosemary Collyer to deny a motion to stay the lawsuit until the government’s lawsuits against assets tied to ASD are litigated.
Bank of America was accused in the lawsuit of aiding and abetting Bowdoin and ASD. The bank is not named a RICO defendant and says it has done nothing wrong.
The plaintiffs disagree.
“For well over two years Bank of America embraced and never said no to the RICO Defendants who operated this nationwide scheme from a former floral shop in tiny Quincy, Florida,” the plaintiffs said. “ASD’s legitimacy and business model were never questioned despite being borne out of the demise of “12Daily Pro and Phoenix Surf” which were nothing more than naked Ponzi schemes investigated and eventually prosecuted by the Securities and Exchange Commission in 2006.”
Among other things, Bank of America argued that the plaintiffs already have a compensation remedy because the government has seized approximately $80 million in the ASD case.
Attorneys for the plaintiffs, however, argued that the remedy is insufficient because ASD victims cannot be fully compensated if the government establishes a restitution program and that the plaintiffs are seeking treble damages under U.S. law.
“Without Bank of America, [ASD] could have only existed in the dark alleys of the financial world where they would need to rely on off-shore accounts and questionable deposit facilities. There this scheme would have been far less likely to [metastasize] and wreak the havoc it did on so many people. Thus the stay requested by Defendant should be rejected.”
Read the plaintiff’s motion.
I knew a guy who called himself big Joe once, it was a joke, he was a little guy and he also got one of those penis enlargements. He had to so the girls would quit laughing at him. You sound kind of like him, I wonder why. Your name isn’t even listed in the heading as big Joe so to add it later is funny. You look kinda stupid with that.
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Aw, little joe let me explain it for you. Quite simple really.
you use the name “joe” with a lower-case “j”, I use the name “Joe” with a capital “J”. Therefore to keep separate who is who, I referred to you as little joe and me as Big Joe.
Nothing else to read into that. Thought you would have figured it out.
Sorry about the confusion.
Big Joe
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You’re the only one confused, it’s obvious the spelling is different but you know on second thought you are right, most of your fellow patrickites probably do need it spelled out for them.
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Gee, if they’re bringing in all this outside revenue, something tells the accountant in me that they must be paying a of tax on it (before they “profit share it, too) which means that in order to keep half, pay out 125%, and pay what would be 42% in corporate income tax, plus 5% in banking/processing fees etc… they must be realizing revenue in the neighborhood of a few billion a year. Hmm,,,wondering why that’s not showing up in any public records.
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