Clarence Busby

Dear Readers, We have received a few inquiries about a new surfing program called AdPayDaily (APD). Our initial take is that the program is a dressed-up version of AdSurfDaily, AdViewGlobal, BizAdSplash and AdGateWorld and that the operators are persuaded they’ve found a word combination and legal structure that will neutralize critics and law enforcement should [...]

Has the Golden Panda Ad Zone forum, which was renamed the Online Success Zone after federal agents seized tens of millions of dollars from AdSurfDaily and Golden Panda Ad Builder in 2008, followed the Pro-AdSurfDaily Surf’s Up forum into the dust? The website URL — http://goldenpandaadzone.ning.com — now is returning the same error message Surf’s [...]

UPDATED 11:57 A.M. EDT (U.S.A.) Federal prosecutors have won the second forfeiture case against assets tied to Florida-based AdSurfDaily, meaning the government now holds title to 100 percent of the money and assets seized in the autosurf Ponzi scheme, wire fraud and money-laundering investigation. U.S. District Judge Rosemary Collyer issued a final order of forfeiture [...]

It entered the autosurf world in January 2009 with the stern bang of a drum in a promotional video. The message was dire: “The World Is In Crisis,” it warned. “Turn On The News, And You’ll See. The Stock Market Is At A Record Low. Foreclosures Are At An All-Time High. Thousand’s (sic) Are Losing [...]

EDITOR’S NOTE: This list summarizes several programs pushed by members of AdSurfDaily, a Florida company implicated in an alleged $100 million Ponzi scheme. In some cases, the programs were pushed prior to the seizure by the U.S. Secret Service in August 2008 of 15 bank accounts linked to ASD or Golden Panda Ad Builder, one [...]

UPDATED 12:04 P.M. ET (U.S.A.) BizAdSplash (BAS) now says it may be offline until Jan. 11. “due to the challenges of the transfer of our servers.” A message website visitors see is confusing because it does not state plainly when the autosurf will return. Rather, it says BAS will come back online “on or before [...]

BizAdSplash, one of the so-called AdSurfDaily autosurf clones, always is “excited” about something. This time it’s “excited” about 2010. The surf, however, says it will be offline for the first four days of the new year — and a note on the site suggests members could not log in for the final eight days of [...]

EDITOR’S NOTE: This story is about securities and fraud allegations leveled in Colorado against Philip R. Lochmiller and others. The case was brought amid assertions Lochmiller was operating a real-estate Ponzi, although the backdrop of the story is similar to the backdrop of the story on the “advertising” Ponzi allegations against Florida-based AdSurfDaily. Some of [...]

And to think that only months ago — in February 2009 — various members of AdSurfDaily wrote to the Senate Judiciary Committee trying to elicit support for Ponzi schemes. The letter-writing campaign was spearheaded by “Professor” Patrick Moriarty and pushed by the Pro-AdSurfDaily Surf’s Up forum. But now the FBI has told the committee, led [...]

Federal prosecutors have filed an affidavit that seeks to give the government permanent control over more than $65.8 million seized from 10 bank accounts in the name of AdSurfDaily President Andy Bowdoin. Prosecutors already have permanent control over money seized from the bank accounts of Golden Panda Ad Builder in the same case. Today’s move [...]

Yesterday we reported that the British Columbia Securities Commission (BCSC) ordered penalties and disgorgement totaling $42 million in the case against Legacy Capital Inc., Legacy Trust Inc., Manna Trading Corp Ltd. and Manna Humanitarian Foundation. We reported several parallels to the ongoing investigation in the United States into the business practices of AdSurfDaily/Golden Panda Ad [...]

EDITOR’S NOTE: If you’ve been approached by individuals or a downline “team” and invited to join an online “surfing” program that purports to be an “advertising” company, this column may be of some value to you. Extremely well-known publishing companies — companies that produce titles you know and love, and companies that know advertising and [...]

The AdGateWorld (AGW) autosurf has gone offline and has issued a statement that blames members for having unrealistic expectations. “The original developers of the AdGate network never created false expectations or gave rebates that were not completely justified by revenues,” AGW said. ”This honest and legitimate approach using the advertising rebate model apparently did not meet [...]

Although BizAdSplash (BAS) said last week that its new website would be up and running yesterday, the launch did not come off as advertised. A video featuring BAS “chief consultant” Clarence Busby appeared on the old site today, but Busby did not explain the delay in launching the new site. The video opened with Busby [...]

A federal judge has granted a motion by Bank of America to stay a case in which it was alleged to have aided and abetted racketeers operating a Ponzi scheme from a former flower shop in Quincy, Fla. The bank was not named a RICO defendant in the lawsuit, which was filed by members of [...]

UPDATED 3:23 P.M. EDT (U.S.A.) A federal judge has issued an order that formalizes the forfeiture of more than $14 million from Golden Panda Ad Builder to the U.S. government. The ruling means that $14,048,598.07 seized from five Golden Panda bank accounts in the names of Clarence Busby or Dawn Stowers now belongs to the [...]

UPDATED 6:04 P.M. EDT (U.S.A.) Could BizAdSplash (BAS), a surf site associated with Golden Panda Ad Builder President Clarence Busby, be following Golden Panda, AdSurfDaily and AdViewGlobal (AVG) into the great autosurf graveyard? Busby recently ceded $14 million to the U.S. government as part of the ASD investigation. There are reports today that BAS is [...]

Three members of AdSurfDaily Inc. who sued Golden Panda Ad Builder President Clarence Busby amid allegations of racketeering have asked a federal judge to dismiss the allegations against Busby. Meanwhile, Bank of America has asked the judge to stay the case until a federal forfeiture proceeding invoving AdSurfDaily and Golden Panda is adjudicated. In essence, [...]

UPDATED 6:41 A.M. EDT (June 12, U.S.A.) BAS appears to have come back online overnight. The site now is resolving to a server. It returned briefly at 9 p.m. yesterday. At 9:05 p.m., the site went down again. Total downtime yesterday was at least 6 hours , perhaps as many as 14, based on reports [...]