BREAKING NEWS: Florida Revokes Corporate Registration Of Andy Bowdoin’s AdSurfDaily Inc.; Dissolves Bowdoin/Harris Enterprises Inc. On Same Date

UPDATED 10:47 P.M. EDT (U.S.A.) The state of Florida has revoked the corporate registration of AdSurfDaily Inc.

Meanwhile, the state has dissolved Bowdoin/Harris Enterprises Inc. Both actions were taken Sept. 25 by the Florida Department of State’s Division of Corporations because neither company filed required paperwork.

ASD’s registration is marked “REVOKED FOR ANNUAL REPORT.” The registration for Bowdoin/Harris Enterprises is marked “ADMIN DISSOLUTION FOR ANNUAL REPORT.” In each case, the required filings were nearly five months’ past due.

Florida law requires all corporations, limited liability companies, limited partnerships and limited liability limited partnerships to file an annual report with the Division of Corporations between Jan. 1 and May 1 of each year.

ASD is registered in Florida as a foreign corporation because the surf initially registered as a corporation native to Nevada. ASD’s Nevada registration is marked “default.”

Ironically, Florida made the moves against the Bowdoin entities on the same date — Sept. 25 — a dramatic filing by federal prosecutors became public on the PACER U.S. Party Case Index. The federal filing accused ASD President Andy Bowdoin of trying to lie his way back into a civil-forfeiture case sparked by August 2008 allegations that ASD had engaged in wire fraud and money-laundering while operating a Ponzi scheme.

In December 2008 — in a second forfeiture case filed against ASD’s assets — prosecutors said Bowdoin’s wife, Edna Faye Bowdoin, and her son, George Harris, opened a bank account at Capital City Bank on June 10, 2008, in the name of Bowdoin/Harris Enterprises Inc.

The account was funded with an opening deposit of $177,900.12 from two ASD accounts at Bank of America. More than $157,000 of the sum was used to retire the mortgage on the home of George Harris and his wife, Judy Harris, prosecutors said.

Prosecutors named the Harris home in the December forfeiture complaint, saying it had been acquired with illegal proceeds from ASD. The Capital City Bank account was opened less than two weeks after ASD concluded a rally in Las Vegas at which Andy Bowdoin exhorted the crowd to internalize the thought of acquiring large sums of money.

Florida’s actions against ASD and Bowdoin/Harris Enterprises are potentially problematic for the companies and Bowdoin.

Prosecutors could argue, for example, that no company claiming to be legitimate in court and encouraging members to continue to support it would fail to complete the minimal amount of paperwork required to keep its corporate registration intact.

On Sept. 28 — three days after Florida revoked ASD’s corporate registration and dissolved the registration of Bowdoin/Harris Enterprises — federal prosecutors filed a U.S. Secret Service transcript of a conference call ASD had recorded Sept. 21.

In the call, Bowdoin told members that the government had seized their money. In his court filings, however, Bowdoin claimed the money was his.

Prosecutors said the recording was evidence that Bowdoin could not keep his stories straight, arguing that he had told members one story and a federal judge another.

In December 2008, prosecutors said Andy Bowdoin and Edna Faye Bowdoin had set up Bowdoin/Harris Enterprises to conceal expenditures and assets from the government. In July 2008, according to court filings, a cashier’s check for $48,244.03 from Bowdoin/Harris Enterprises was used to purchase a 2008 Lincoln MKS luxury sedan.

Prosecutors named the Lincoln in the forfeiture complaint, along with two other automobiles, a Cabana boat, jet skis and marine equipment. All of the purchases were made with ASD funds or ASD funds that had been funneled through Bowdoin/Harris, prosecutors said.

Bowdoin has left behind a string of failed businesses, prosecutors said. Florida has dissolved at least seven of them — now including ASD — a company Bowdoin asked members to support in post-seizure testimonials and letter-writing campaigns.

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15 Responses to “BREAKING NEWS: Florida Revokes Corporate Registration Of Andy Bowdoin’s AdSurfDaily Inc.; Dissolves Bowdoin/Harris Enterprises Inc. On Same Date”

  1. Patrick,

    Does this mean that since ASD is no longer a corporation that Andy can go back to Pro Se?? LOL

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  2. You think the faithful will now ‘get it’ that Bowdoin has once again screwed them?

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  3. Whip: You think the faithful will now ‘get it’ that Bowdoin has once again screwed them?

    Not a chance.

    What would be the point of keeping AdSurf Daily incorporated since the DoJ effectively sent this perfectly good business under by freezing the bank accounts ????

    Nope, far from “screwing” anyone, Saint

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  4. Andy has once again proven he has his “members” best interests at heart.

    By not re-incorporating, the money it would have cost can be added to the pool for refunding.

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  5. I invested money in ASurfDaily in july 2008. Is there any way to get it back?

    Thanks

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  6. Hi Abraham,

    The Department of Justice has posted a FAQ online recently. In order to be considered for a distribution, you have to be in the system and fill out some forms. Whether or not you wish to do so is a question you and your legal counsel. If you have questions, you can call the phone number listed below.

    Here’s the DoJ site.

    http://www.justice.gov/usao/dc/Victim_Witness_Assistance/adsurfdailyFAQ.html

    Will victims recover their full losses?

    Because the total value of the seized assets is less than the estimated member losses, it is unlikely that members will receive full compensation for their losses. Accordingly, each member will receive a pro-rata share of the forfeited money based upon his or her loss amount. The exact amount of each person’s recovery will not be known until the claims review process is completed.

    What are the next steps in the process?

    Within the next few months, former members of Ad Surf Daily, Golden Panda, Ad Cash Generator, and La Fuente Dinero will receive a claim form asking them questions about how much money they paid into the schemes and received back. This claim form must be completed, signed under penalty of perjury, and returned to the government. The form must be completed even if the claimant previously submitted an electronic “Information Submission Form” through the website of the United States Attorney for the District of Columbia.

    Where can I get more information and keep up to date?

    A telephone line has been established that provides a recorded message with basic information about the status of these cases. This number is 202-616-2420. The United States Attorney’s Office for the District of Columbia will update this message on a regular basis. The written information on this website will also be updated as new developments arise in the forfeiture cases and the remission process.

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  7. Thanks, d_b.

    Patrick

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  8. Patrick, perhaps you should put a permanent link to the FAQ on the front page?

    For those wondering how long it will take & how much they will get, perhaps what happened with 12DailyPro may act as a guide.
    http://www.gilardi.com/secv12dp/

    This obvious ponzi scheme collapsed in 2005, funds have just been distributed to those who made a claim. Punters seem to have got back about 30% of what they claimed.

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  9. Hi Tony,

    Tony H: Patrick, perhaps you should put a permanent link to the FAQ on the front page?

    Good idea. I’ve placed a link in the right sidebar of the Blog, near the top of the page. It goes to the Justice Department page from which visitors can access case info and the government’s FAQ page for victims.

    Regards,

    Patrick

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  10. Patrick,

    Thanks for linking the DoJ site. That should prove useful for victims looking for information.

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  11. Hi,My name is Rab Nawaz and this guy Andy Bowdoin have taken my money $5000.00 thousand dollors and scame me.Please any one help me to let me know how can I get my money back from this SOB.He have hurt alot of people.My e_mail is Rab_Nawaz@hotmai.com.
    Thanks to all of you can help in this matter.

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  12. Rab Nawaz: Hi,My name is Rab Nawaz and this guy Andy Bowdoin have taken my money $5000.00 thousand dollors and scame me.Please any one help me to let me know how can I get my money back from this SOB.He have hurt alot of people.

    Hi Rob,

    See this site:

    http://www.justice.gov/usao/dc/Victim_Witness_Assistance/adsurfdaily.html

    Patrick

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  13. i just got a check for $25 on my $500 investment..being paid back 5 percent..what happened to the rest? must be in some attorneys pocket.

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  14. tim: i just got a check for $25 on my $500 investment..being paid back 5 percent..what happened to the rest? must be in some attorneys pocket.

    tim,

    Who sent you $25? The government? The claims administrator? When did you receive it and how did you receive it?

    The initial claims process ended long ago. Those with validated claims received back 100 cents on the dollar.

    There is some money left over, so the government has been talking about opening a second round of claims for people who didn’t get a claim in on time the first time, potentially owing to ASD’s poor record-keeping.

    Please provide as many details as you can.

    Patrick

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