Archive for December 2009

Belize, Israel, Switzerland, Canada And United States Cooperate In Case That Leads To Judgment Against Florida-Based Company Posing As ‘Offshore’ Investment Firm

Belize, Israel, Switzerland, Canada And United States Cooperate In Case That Leads To Judgment Against Florida-Based Company Posing As 'Offshore' Investment Firm

EDITOR’S NOTE: Members of Florida-based AdSurfDaily and a closely connected autosurf firm, AdViewGlobal, purportedly based in Uruguay, may find this story particularly eye-opening. Play the autosurf or “offshore” HYIP investment games? Buy into the hype that overseas “registration” provides “shelter?” Pose as an “expert” on the Ponzi and HYIP boards and tell your downline members […]

SEC Moves Against Triton Financial After Woman With Gun Showed Up At Firm’s Texas Office To Demand Refund; Alleged Fraud Scheme Embarrasses NFL, Heisman Trophy Winners, PGA Champions Tour

SEC Moves Against Triton Financial After Woman With Gun Showed Up At Firm's Texas Office To Demand Refund; Alleged Fraud Scheme Embarrasses NFL, Heisman Trophy Winners, PGA Champions Tour

A case in Texas may provide the clearest sign yet that securities fraud in the United States is separating people from their senses — not that law enforcement missed the important clues provided by an earlier case in California in which investors who were purportedly fleeced allegedly posed as federal agents and attempted an armed […]

Virginia Attorney Whose License Was Revoked After Firm Wrote Bad Checks For Huge Sums Convicted In Ponzi Scheme; Troy Titus Faces Up To 590 Years In Prison

Virginia Attorney Whose License Was Revoked After Firm Wrote Bad Checks For Huge Sums Convicted In Ponzi Scheme; Troy Titus Faces Up To 590 Years In Prison

These are some trying times for the legal profession. Disbarred Florida attorney Scott Rothstein is implicated in an alleged $1.2 billion Ponzi fraud in which prosecutors said attorneys from his shuttered, 70-attorney firm in Fort Lauderdale were getting paid from Ponzi proceeds that flowed from bogus “settlements” in cases involving sexual harassment or sexual infidelity. […]

Senior Citizen Guilty In Michigan Ponzi Scheme; Feds Say Richard Taft Johnson Sold ‘Charitable’ Program To Fellow Seniors, Duping Them Into Ruin

Senior Citizen Guilty In Michigan Ponzi Scheme; Feds Say Richard Taft Johnson Sold 'Charitable' Program To Fellow Seniors, Duping Them Into Ruin

Both state and federal prosecutors in Michigan have been attacking Ponzi schemers and affinity fraudsters. Yesterday the office of Michigan Attorney General Mike Cox charged three men with racketeering for their roles in an alleged time-share Ponzi scheme targeted at senior citizens. In a separate Michigan case, federal prosecutors have announced the guilty plea of […]

3 Michigan Men Charged With Racketeering For Their Local Roles In Alleged $350 Million National Ponzi Scheme

3 Michigan Men Charged With Racketeering For Their Local Roles In Alleged $350 Million National Ponzi Scheme

Three Michigan men were arrested for racketeering today for their local roles in an alleged national Ponzi scheme that targeted senior citizens. Robert Valeri Sr., 59, of South Lyon, Robert Antonio Valeri Jr., 32, of Canton, and Jeffrey Ron Mitchell, 39, of Walled Lake, were accused of cheating 125 Michigan seniors out of their life […]

EDITORIAL: God, Las Vegas, Satan, The 9/11 Terrorists, The Shills, Andy Bowdoin, And The U.S. Secret Service

EDITORIAL: God, Las Vegas, Satan, The 9/11 Terrorists, The Shills, Andy Bowdoin, And The U.S. Secret Service

A claim was made yesterday in a now-deleted Surf’s Up post that AdSurfDaily President Andy Bowdoin “would not sell us out and he has stood his ground firm since August of 2008.” It was a lie by Bowdoin through a shill. The source to prove the lie is Bowdoin himself. Bowdoin has acknowledged in his […]

Bowdoin Purportedly Tells ASD Member That Prosecutors ‘Have’ Finally Admitted To Screwing Up; Email Asks Members To Look For ‘Rally’ Videos; New Flap Starts On Surf’s Up

Bowdoin Purportedly Tells ASD Member That Prosecutors 'Have' Finally Admitted To Screwing Up; Email Asks Members To Look For 'Rally' Videos; New Flap Starts On Surf's Up

UPDATED 5:34 P.M. ET (U.S.A.) In a development reminiscent of a claim made more than a year ago on the Pro-AdSurfDaily Surf’s Up forum that prosecutors had acknowledged behind closed doors that ASD was not a Ponzi scheme and refused to admit it publicly because of embarrassment, a new email missive surfaced today that suggested […]

BREAKING NEWS: Bowdoin Tries To Have Judge Collyer Disqualified; Collyer Says She Will Not Step Down From Ponzi Forfeiture Case

BREAKING NEWS: Bowdoin Tries To Have Judge Collyer Disqualified; Collyer Says She Will Not Step Down From Ponzi Forfeiture Case

AdSurfDaily President Andy Bowdoin has filed a motion to disqualify U.S. District Judge Rosemary Collyer from hearing the civil-forfeiture case against tens of millions of dollars seized from ASD last year. Collyer reponded by issuing an order in which she refused to disqualify herself. Collyer said Bowdoin no longer had standing in the case. “If […]

Receiver In Gold Quest International Ponzi Scheme Case Settles With Charles Capps Ministries For $100,000; Other GQI Money Is Part Of California Homicide Investigation

Receiver In Gold Quest International Ponzi Scheme Case Settles With Charles Capps Ministries For $100,000; Other GQI Money Is Part Of California Homicide Investigation

All that glitters was not gold in the seedy world of Gold Quest International (GQI), according to the receiver in the GQI Ponzi scheme case. Corrupt money was given to a ministry in the form of a gift, and other corrupt money is part of a homicide investigation in Los Angeles, according to court filings. […]

SHOCKING: A Ponzi Scheme Suicide In Canada; A Ponzi Scheme Death Sentence Reported In China

SHOCKING: A Ponzi Scheme Suicide In Canada; A Ponzi Scheme Death Sentence Reported In China

EDITOR’S NOTE: Here is some recommended reading. Be prepared to be shocked. We will provide an introduction to the stories, but only a brief one. Edna Coulic killed herself, worn down by the pressures of trying to get her money back from a Ponzi scheme, her family told the Calgary Herald. The Royal Canadian Mounted […]

SEC Seeks Contempt Order Against Trevor Cook; Minnesota Man Said To Have Bought Two-Person ‘Submarine’ With Ponzi Proceeds

SEC Seeks Contempt Order Against Trevor Cook; Minnesota Man Said To Have Bought Two-Person 'Submarine' With Ponzi Proceeds

Trevor Cook, the Minnesota man implicated with Christian radio host Pat Kiley in a Ponzi and currency-trading scheme that collected at least $190 million, already has taken the 5th Amendment in a civil case brought by the SEC. The SEC now is seeking a contempt ruling against Cook, amid allegations he violated the asset freeze […]