Clarence Busby

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 January [...]

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 2009.
BAS [...]

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 by [...]

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 against ASD’s [...]

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 Builder [...]

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 the [...]

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 watching [...]

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 AdSurfDaily [...]

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 United [...]

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 behind on [...]

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, the bank [...]

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 [...]

Bank of America has asked U.S. District Judge Rosemary Collyer to hear oral arguments in its bid to be dismissed as a defendant in a lawsuit that alleged it aided and abetted a Ponzi scheme operated by alleged racketeers associated with Florida-based AdSurfDaily Inc.
Federal prosecutors seized at least $79.8 million from 15 bank accounts controlled [...]

NEWS: A member of the Pro-AdSurfDaily Surf’s Up forum says he is willing to “Bear Arms in line with the Bill of Rights” and storm Washington, D.C., if a “militia” can be formed.
In a separate thread, the poster said the government ruined his life last year when it seized assets tied to the Florida autosurf [...]

EDITOR’S NOTE: This story about filings in a racketeering lawsuit against AdSurfDaily President Andy Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby also includes an update on a lawsuit filed last year against ASD by Florida Attorney General Bill McCollum. The information is under a subhead below.
Although U.S. District Judge [...]