Archive for December 12th, 2011

BULLETIN: SEC Says Stiefel Laboratories Inc. Lowballed Employees And Other Shareholders, Ripping Them Off In Alleged $110 Million Stock-Buyback Scheme

BULLETIN: SEC Says Stiefel Laboratories Inc. Lowballed Employees And Other Shareholders, Ripping Them Off In Alleged $110 Million Stock-Buyback Scheme

BULLETIN: The SEC has gone to federal court in the Southern District of Florida, alleging that Stiefel Laboratories Inc. was buying back stock from its employees and shareholders at “severely undervalued prices” and caused losses to its own people over a period of years to the tune of $110 million. The firm and former CEO […]

SENIOR FRAUD CAVALCADE CONTINUES: Maryland Man, 67, Pleads Guilty To Wire Fraud In Alleged $6.2 Million ‘Advertising’ Scheme Purportedly Involving ‘Narrow Cast’ TV Monitors; Scheme Payout Promises Were ‘Entirely Fraudulent,’ U.S. Attorney Says

SENIOR FRAUD CAVALCADE CONTINUES: Maryland Man, 67, Pleads Guilty To Wire Fraud In Alleged $6.2 Million 'Advertising' Scheme Purportedly Involving 'Narrow Cast' TV Monitors; Scheme Payout Promises Were 'Entirely Fraudulent,' U.S. Attorney Says

EDITOR’S NOTE: Any number of ventures have tied themselves to claims of remarkable returns made possible by purchasing “advertising” products and services or agreeing to watch or receive “advertisements” in a closed environment. Longtime readers will recall that AdViewGlobal (AVG) came out of the gate in late 2008 and early 2009 by claiming what it […]

UPDATE: Year Ago This Week, Prosecutors Filed Third AdSurfDaily Forfeiture Complaint — But 2 ASD Members Whose Bank Accounts Were Seized In Case Have Not Filed Claims

UPDATE: Year Ago This Week, Prosecutors Filed Third AdSurfDaily Forfeiture Complaint -- But 2 ASD Members Whose Bank Accounts Were Seized In Case Have Not Filed Claims

UPDATE: On Dec. 1, 2010, AdSurfDaily President Andy Bowdoin was arrested on charges of wire fraud, securities fraud and selling unregistered securities. Sixteen days later — on Dec. 17, 2010 — federal prosecutors filed a forfeiture complaint against certain ASD-related bank accounts, including an account in Bowdoin’s name and accounts allegedly controlled by ASD members […]