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.
Anytime someone tells me that AVG has absolutely no affiliation with the late and illegal ASD, it makes me wonder why they even mention it as the signs are everywhere. It’s bad enough that the have the same persons involved, even worse that they have put their fate in the hands of “Life Coaches” (BS Artists), then they have to say the same crap that ASD said when they start having problems:
We have consulted with lawyers and securities experts, and have formalized the agreements with the necessary partners to facilitate our new plans.
Just like ASD, you should have thought of this BEFORE you had problems !!
There are sweeping changes coming to AVGA, and here is a summary of them:
1. No time limit on VIP, instead a fixed 25% profit
2. Outside Revenue Streams and why we are 100% Legal
Oh, so NOW you guarantee rebates/VIP at 25% with no time limit? You can’t even pay cash out’s now!! Blowing smoke up someone’s skirt does not a profit make. I wonder if Robert Garner checked their legality, just like he did for Andy since Andy owns this one, too.
(Quote)
…one more thing on copyright laws. Anything that is posted at the AVG site that is factual or is opinion can be reposted without violating any copyright laws. It is only the creative element that is protected. So CORRECTION!, unless the information posted on AVGA is creative writing (ie not factual), it can be reposted here. That probably means it can’t be reported here. Oh my, what a dilemna for Correction! and Joe! If the AVG site info is true, it can be reposted, if false, it can’t…..
(Quote)
Sickening how hard Jack worked to help bring down ASD and then Bowdoin’s step-son starts this crap up.
Those followers who sent brownies and cards and what not are too stupid to see that he is laughing at them.
I wonder if they still repeat those daily “thank you god for making me a money magnet” lines that he pimped at the Vegas rally.
And Joe,
Read Patricks last post carefully. “Basically Legit?” I think you are basically missing a few chromosones in your brain.
(Quote)
Just a little insight into the Bowdoin/Harris psych.
http://www.dailymotion.com/video/x5myd3_mr-andy-bowdoin-speaks-ad-surf-dail_webcam
(Quote)
Sicilian,
You are misreading Joe. He knows exactly what is going on, and his posts are designed to linehis own pockets with more victims’ money. He’s not dumb….
(Quote)
Entertained,
I read that the MCC cell that housed Madoff had the windows blacked out so they couldn’t see outside. The same unit almost “broke” John Gotti Jr. according to his own statements.
I really want to see some prosecutions soon. I’m betting the guys like “Joe”, Mark Simmons, Bowdoin, etc. wont last 15 minutes in a cell. I’m willing to wager that Gotti Jr. is a tad tougher than any of the above clowns.
(Quote)
Do you have his number?
(Quote)
Read it again I said “Basically saying” we are legit. I love how you jump on a simple word and try to use it as evidence into infinity. Do you like Jazz? Ever hear of Charlie Parker? Great sax player, he could take a little 2 note phrase and turn it into an improvisational symphony, but at least he was fascinating.
(Quote)
I said basically stating. shouldn’t have used a word you can slip in to a different sequence.
(Quote)
Ok, Joe and Correction, here’s a quiz for both of you. Take this to Donna~
Let’s say there are 20,000 members who all want to earn $500.00 per day. I realize that is conservative as there are those that believe they will be making $1000’s per day. But let’s just use $500.00.
20,000 members x $500.00 a day = $10,000,000.00 per day. That is 10 million dollars.
Now take that x 30 (one month)= $300,000,000.00 That is 300 million per month.
So, do you really think that AVGA and all of it’s “new” outside sources of income can possibly bring in 300 million per month just to pay out on $500 a day.
But again, they would probably have to pay with new members money. Which of course is illegal.
(Quote)
You are correct in that it would be considered legit if there was $300 million dollars per month in outside revenue. Now that would be some kind of company selling banners and business cards.
(Quote)
Cathy G.,
Andy’s Vegas-flogged, 100,000-millionaires plan in three years would have required annual revenue in excess of numbers posted by IBM just to pay the millionaires ASD was creating. (IBM’s annual revenue is approximately $100 billion.)
In other words, ASD would had to have gone from insolvency to $100 billion in annual sales in three years, assuming it had no other expenses.
IBM, by the way, requires about 386,500 employees to operate its business.
Andy’s plan also would have required him to more than double the annual revenue posted by Time Warner in three years just to pay the millionaires. Time Warner has about 86,000 employees and posts annual revenue of about $46 billion.
Patrick
(Quote)
Just go to http://www.unemployablehobo.com, Joe. You two can make friends and see who can scam the most. Do you like teddy bears by chance?
And keep pimping your ponzi scheme here. You’ve already shown your incredible lack of intelligence, are you dumb enough to realize that the Feds probably track all these boards and know exactly who you are?
How much did you “make” from AVG again?
(Quote)
Cathy G.,
Another way to look at the ASD three-year plan to create 100,000 millionaires:
ASD, just to pay the millionaires it was creating, would have to become one of the Top 50 companies in the world in three years’ time — while having no hosting expenses or other expenses and the ability to serve ads by the tens of billions.
Revenue-wise, it would need to be become bigger than Verizon and only slightly smaller than AT&T, for example. It would need to be bigger than Nestlé, and it would need to be more than twice the size of companies such as Sprint and Canon.
Patrick
(Quote)
Yep I’m pretty dumb alright but then how am I going to look intelligent when I have to compare to your vast mind.
(Quote)
Well you really need to get up to date on the plan there and you should be able to being a member.
(Quote)
I’ve done a lot tougher time than that.
(Quote)
Actually I found the statement from AVGA which said, “AVGA has transformed into a FULL SERVICE ADVERTISING COMPANY.” most interesting. It makes you ask the question “transformed” from what?
(Quote)
They weren’t full service before,, just Ad Rotator c’mon even you are better than that.
(Quote)
Come on Joe you gotta be kidding right? You really believe they can sell $300 million a month? And that’s being conservative.
(Quote)
You forgot one Patrick, there was the small matter that Uncle Andy was claiming that ASD had no money and needed emergency relief to continue operating. But all the time there was $1M in the Caribbean, hidden away by Honest Andy.
Big PR problem to overcome. I think anyway.
—-
Joe is right. Being mentioned in a RICO lawsuit is no big deal. After all, when a company uses a similar business model to an illegal operation, has many of the same operators as the illegal operation, has had several banking issues (just like the illegal operation), has to audit it’s members for fraud, and has been promoted by serial ponzi promoters, after all this, a mention in the RICO suit is a small thing. Just one more “red flag” amongst many.
(Quote)
Hi Tony,
Heck, Tony, that is a good one. He didn’t remember the money until the prosecutors reminded him he had it.
Patrick
(Quote)
So Joe you’ve already done time? Nice. Can I be in your downline?
LOL Patrick. Honest Andy. I’ll never forget when Laura Pont said Andy was too honest to testify.
(Quote)
No, what I’m trying to figure out is who ever said 20,000 members were going to make 500 dollars a day? Your example is wildly hypotehetical. As for the pay plan, it’s 25% on top of whatever cash you put in. If you put in enough to make 500 a day then fantastic. You’re a member read the news.
(Quote)
I noticed another quote on another forum that said the time limits were gone. This poster said that they could then payout 1% over 25 years. There’s your 25% Joe!
Call me in 25 years and tell me how AVG is doing!
(Quote)
If you beleive that you are just as hypothetical as Cathy
(Quote)
Finally, my point taken.
(Quote)
So Joe, you don’t think that all 20,000 members hope to be making $500.00 or more per day?
(Quote)
Aw, little joe, the correct word would be expanded or diversify, not transformed.
You know better than that.
Big Joe
(Quote)
joe:
Aw, little joe, there you have it. “…25% on top..” puts this in the class of securities and must be registered with the SEC to be legit.
What say you now?
Big Joe
(Quote)
Well, Joe;
Let’s look at the full context for the “transformed” statement from Donna:
“AVGA has transformed into a FULL SERVICE ADVERTISING COMPANY. We are NOT an “ad rotators” or a ponzi scheme. AVGA sells web based services and advertising. We are offering advertising with a 25% profit through revenue sharing as a loss leader for our services, consulting and other products.”
That certainly suggests to me that she’s aware that AVG was an “…”ad rotators” or a ponzi scheme.”, but has now been transformed into a “FULL SERVICE ADVERTISING COMPANY”
Thus the answer to the question of “transformed into what?” seems to be right there in her own words, which have now been removed from the AVG site by the way.
(Quote)
Edit: Thus the answer to the question of “transformed into what?” above should read:
Thus the answer to the question of “transformed FROM what?”
(Quote)
Joe, I’m glad that you agree that there are vary many “red flags” that indicate that AVG is a ponzi scheme similar to the illegal operation that was ASD. Yes, I take your point that all these indicators show that AVG must be an illegal operation as well because of all the similarities with ASD. The same principles involved, a similar business model, many of the same promoters. I’m glad that you agree that AVG is obviously a similar illegal operation to ASD and that no one in their right mind should be entertaining the thought of sending them any money.
As you agree with the above points, I’m sure that you will also agree that AVG is doomed to failure, in the same way that ASD, CEP, PhoenixSurf, 12DailyPro, PIPS, GINS, PlexPay, and all the other HYIP & AutoSurfs that have failed in recent years.
—-
@Patrick, yes, I’m alwaqys forgetting money I’ve left around. Down the back of the sofa, hidden away in off shore accounts in the Caribbean, it’s so easy to forget these things.
(Quote)
Joe;
You said, “No, what I’m trying to figure out is who ever said 20,000 members were going to make 500 dollars a day? Your example is wildly hypotehetical.”
I agree. However, here’s a direct quote from Donna in the (now removed) announcement about the changes being made.
“AVGA’s problem is going to be keeping up with the demand for services and advertising placed on it when AVGA explodes from 20,000 to 500,000 members
AVGA problem is going to be too much success”
Now the observers here can play with mumbers based upon Donna’s hypothetical. Perhaps that will be more acceptable to to you. For example, if 500,000 members were to average only $100 per month, that would be a total of $50 million per month or $600 million per year. Since AVG pays out only 50% of what it takes in, it would require double the above numbers in revenue to support those payouts.
Regarding the “25% on top” you refer to:
The revised AVG payout plan takes us back to the math issue that haunted ASD. Various sophisticated analyses were made and debated endlessly on the ASD Surf’s Up forum. However, my rather simplified analogy regarding the new AVG math works as follows. Someone who says they are based in Uruguay makes you an offer:
1) You send them gallons of milk. For every gallon you send them they will keep two quarts and send five quarts back to you.
2) If you get others to send them gallons of milk they will pay you a commission.
3) If those 2nd tier people send them gallons of milk they will pay you a commission on those participants, too.
That is, in essence, the deal that is now being offered by AVG. It didn’t make mathematical sense when it was ASD and it makes no sense now that it’s been adopted by AVG.
(Quote)
What’s wrong with transformed? There’s certainly nothing definitively wrong with it. Kinda petty wouldn’t ya say? There you go Patrick Petty. Actually I’ve been waiting to use that.
(Quote)
a very simplified and incorrect analogy. You’re forgetting the milk sent by outside sources and also the fact that like any company they have external investments that bring in more milk.
(Quote)
No it doesn’t put it in the class of securities, sorry little joe wrong again you obviously can’t comprehend that they aren’t going to make that stupid of a mistake. They have plenty of lawyers working on this and anybody that doesn’t think so can’t be too bright.
(Quote)
I’m not sure if you’re big or not but I have to admit you do sound kind of BIg and Dumb
(Quote)
We all would wouldn’t you? Kind of an obvious question there. Do I think we’ll have that many making that kind of money? probably not unless you do what needs to be done to do that and some will.
(Quote)
little joe, a Freudian slip? Yes, little joe wrong again. I could not have said it better myself.
Big Joe
(Quote)
Joe,
Is it as petty as this (accidental/deliberate?) dispatch I received via email last night:
“Hey [Name], I probably shouldn’t tell you this but I really decided to take your advice and stay away from PP but I wanted one last look and well, your name was mentioned again. It;s on this ridiculous breaking news thing about AVGA cited in ASD case making it sound like they were in trouble. Now I see what you mean about him. After I read the actual story AVG was merely mentioned in a side note. Anyway I just thought i would tell you, then again you probably don’t give a shit and we should just ignore them. I did call him chickenshit on his forum though.”
Patrick
(Quote)
?
It’s good to see that AVG supporters have such a professional attitude and can present their position with such logical argument. Supported with data and considered opinions as shown above, why would anyone not want to “invest” in AVG. I think I might have $1M in Antigua that I forgot about, I will be using that to buy “ad packs”, no wait, “page impressions”, right away.
I’m a little confused. Perhaps Joe or one of the AVG supporters can clarify for me. What will be the return on my investment? And when should I expect to see a profit?
(Quote)
Well, Joe, that raises a couple of new issues:
1) You say they have such outside revenues, but how do you know that isn’t just smoke and mirrors fed to you by the wizards behind the curtain? After all, the new affiliation just happened; have there been any sales of these outside services that you personally know of?
2) Assume for a moment that outside revenues exist in the amounts needed to support paying out $1.25 for every dollar spent by members on ads. If you owned a business that had that much profit, would you be willing to distribute it to anyone else?
(Quote)
….so, now there are sweeping changes coming to AVG. These sweeping changes, stated by the company, are that AVG will soon have external revenue and thus be 100% legal. I guess that means that up to now they have not had external revenue and were not legal. Nice for them to say so……but not a surprise. I am sure there will be a CORRECTION! on this one, but the English is pretty clear. You’d think that a highly professional company, and an expert communicator like Donna, would be EXTREMELY careful in their communications in situations like this. Here they are, accused by many of being an illegal Ponzi scheme, and then then put out a statement that essentially admits they have been illegal up to this point. They really should get their communications act together, if they want to be credible. OTOH….
(Quote)
…..well, that does explain why you feel no remorse for taking money from new victims in AVG. You are already familiar and comfortable with a life of crime it seems. What a great role model and spokesman you are for AVG, as I am sure readers of this blog can see.
(Quote)
Fact???? Conjecture at best. You have already admitted you don’t have proof of external revenue, and now you state as fact that AVG has external investment…..prove it.
a very simplified and incorrect analogy. You’re forgetting the milk sent by outside sources and also the fact that like any company they have external investments that bring in more milk.
(Quote)
Plenty of lawyers — right. They don’t even understand basic copyright law…..
(Quote)
So can you come up with any names of the lawyers and SEC experts?
As I recall, Andy the man had a team of lawyers and SEC experts and we know what happened there.
(Quote)
If you must know I was referring to the 2 years i spent as a POW in Vietnam which I really didn’t want to get into and still don’t. That’s one time I should have kept my mouth shut.
(Quote)
joe,
My sincere apologies! I have an acquaintence who went through the same thing as a downed aviator. I saw him gibe a small public speech on his experience. An incredibly moving, emotional speech. You must be strong to have come through that, and many in our country are very grateful (including me).
He was
If you must know I was referring to the 2 years i spent as a POW in Vietnam which I really didn’t want to get into and still don’t. That’s one time I should have kept my mouth shut.
(Quote)