People Close To AVG Money Had Large Bankruptcies

UPDATED 11:18 A.M. EDT (U.S.A. AUG. 25) Two men identified as having significant positions of financial trust inside AdViewGlobal (AVG) discharged more than $1.6 million in separate bankruptcy filings, records show.

One man used a mail drop as his street address in a 2004 bankruptcy filing that discharged $261,474 while claiming only $6,375 in assets, according to court filings.

At the time of the filing, the man owed $5,300 to a courier service; $3,000 to a hosting company; $42,000 to lawsuit plaintiffs in a case that appears to have dealt with a piece of candy marketed MLM-style as a diet aid; $180,000 to an industrial park; and miscellaneous other debts.

Meanwhile, a second man who held a position of trust inside AVG filed bankruptcy twice — a personal filing (2005) and a business filing (2004) — and discharged nearly $1.4 million while claiming only $3,500 in assets, research shows.

Like the first man, the second man used a mail drop as his street address, advising the court the address was an apartment. The address actually was a UPS Store that once operated as a Mailboxes Etc, research shows.

About four years later, the man went to work for AVG, according to research.

Like ASD President Andy Bowdoin, whom members now say was the silent head of AVG, the men were involved in multiple businesses in multiple states and presided over enterprises that were sued over financial matters or for violations of federal law, records show.

A former business partner of one of the men committed suicide in 2002, after allegations surfaced that a large sum of money was missing from a co-op venture managed by the former partner. Prior to taking his own life, the former partner made inquiries about banking in Switzerland and the Caribbean, according to court filings.

The PatrickPretty.com Blog is withholding publication of the names of the men, who are not named in any ASD-related litigation.

About the Author

15 Responses to “People Close To AVG Money Had Large Bankruptcies”

  1. Patrick:

    I think when the “players” are all known, the members are going to be really surprised and shocked at just “who were” part of ASD, AVG, BAS, and AGW; and who they really were doing business with in these programs. There are going to be a lot of “Oh my God I don’t believe it/this can’t be” moments.

    Great job, as always.

    Hmmm, wonder why the Prize Winning Investigative Reporter couldn’t find out this information instead of a mere wannabe journalist using a pseudonym with unrevealed sources?

      (Quote)

  2. I take it this is not counting Mindy Bales’ bankruptcy (since reopened) a few years back.

      (Quote)

  3. Well unless she has had a sex change, Patrick makes a point of mentioning two MEN! lol

      (Quote)

  4. Are you ruling that out? This is ASD, remember?

    alasycia: Well unless she has had a sex change, Patrick makes a point of mentioning two MEN! lol

      (Quote)

  5. Was Mindy’s bankruptcy re-opened? I didn’t see that.

      (Quote)

  6. That’s my understanding. I would have to recheck my documentation.

    Gregg Evans: Was Mindy’s bankruptcy re-opened?I didn’t see that.

      (Quote)

  7. If anyone else had written a story like this with no names to back it up and what could easily be totally made up, every one of you phallus following freaks would have been all over the writer. I made a quick guest appearance to see if you were talking about something else which you weren’t but I couldn’t help noticing this supposedly factual article. The usual lemmings i see.

      (Quote)

  8. joe the magnificent: If anyone else had written a story like this…

    Hello, joe;

    As my grandma used to tell me when I was a lad, “Actions have consequences.”

    You provided the reason people trust Patrick in your first sentence. He has credibility with us, based upon past performance, his actions, if you please.

    You, on the other hand, have a severe credibility problem here except for one case in which you provided useful data.

      (Quote)

  9. You may wish to compare the accuracy of Patrick’s unsourced stories since the founding of this blog to the accuracy of the ASD, Golden Panda, AVG, ASDMBA, etc. “insider’s” stories source or otherwise. There’s no comparison. Patrick wins hands down.

    joe the magnificent: If anyone else had written a story like this with no names to back it up and what could easily be totally made up, every one of you phallus following freaks would have been all over the writer. I made a quick guest appearance to see if you were talking about something else which you weren’t but I couldn’t help noticing this supposedly factual article. The usual lemmings i see.

      (Quote)

  10. Pat Dunn:

    joe the magnificent: If anyone else had written a story like this…

    Hello, joe;As my grandma used to tell me when I was a lad, “Actions have consequences.”You provided the reason people trust Patrick in your first sentence. He has credibility with us, based upon past performance, his actions, if you please.You, on the other hand, have a severe credibility problem here except for one case in which you provided useful data.

    I don’t need your bestowal of credibility to point out facts. I didn’t provide a reason, I provided a fact and that is that whatever he says you blindly take up. I’ve seen on numerous occasions where he has totally put a spin on things that made them virtually untrue but that would never matter to you and you wouldn’t admit it anyway.

      (Quote)

  11. dirty_bird: You may wish to compare the accuracy of Patrick’s unsourced stories since the founding of this blog to the accuracy of the ASD, Golden Panda, AVG, ASDMBA, etc. “insider’s” stories source or otherwise.There’s no comparison.Patrick wins hands down.

    joe the magnificent: If anyone else had written a story like this with no names to back it up and what could easily be totally made up, every one of you phallus following freaks would have been all over the writer. I made a quick guest appearance to see if you were talking about something else which you weren’t but I couldn’t help noticing this supposedly factual article. The usual lemmings i see.

    Some yes, some no, some speculation, anyway i’m not bored anymore so see ya at the next laugh in.

      (Quote)

  12. joe,

    Here is a screen shot for you of one of the schedules:

    http://patrickpretty.com/wp-content/uploads/2009/08/bankruptcyfiling1.gif

    Here is a screen shot of another schedule:

    http://patrickpretty.com/wp-content/uploads/2009/08/bankruptcyschedule.gif

    All in all, we reviewed more than 100 pages of public records, including court files, corporate filings with state Secretaries of State (or the equivalent), lawsuits and other documents before publishing the story.

    joe the magnificent: phallus

    Back to this type of word again, joe?

    Patrick

      (Quote)

  13. dirty_bird: I take it this is not counting Mindy Bales’ bankruptcy (since reopened) a few years back.

    Would she happen to be related to Robert Bales, the “Freebie Trading” spammer?

      (Quote)

  14. Not sure if she is related but it’s possible. I believe Christopher is her husbands name. It’s been a few years since I researched her.

    Christopher and Melinda Bales (City of Ankeny)

    Prof. Henry Higgins:

    dirty_bird: I take it this is not counting Mindy Bales’ bankruptcy (since reopened) a few years back.

    Would she happen to be related to Robert Bales, the “Freebie Trading” spammer?

      (Quote)

  15. admin: Back to this type of word again, joe?

    Never left it.

      (Quote)

Leave a Reply