RICO

Robert Guenther and a woman referenced as “Jane Doe” are listed as defendants in a shareholder lawsuit filed Feb. 2 in Arizona by investors in Cheyenne Mountain Games (CMG) and Cheyenne Mountain Entertainment (CME).
Guenther is the de facto head of the ASD Members Business Association (ASDMBA), an entity that came to life in the aftermath [...]

Disbarred Florida attorney Scott Rothstein has pleaded guilty to a racketeering conspiracy that included mail fraud and wire fraud, and to two separate counts of wire fraud.
“Today’s guilty plea is an important step in bringing to justice those who perpetrated a $1.2 billion Ponzi scheme under the guise of operating a legitimate law firm,” said [...]

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 5:24 P.M. ET (U.S.A.) Is the “joe” who posted here before being blocked for showcasing an utter lack of restraint the same “joe” who pitched four HYIPs on the Pro-AdSurfDaily Surf’s Up forum two days ago?
We don’t know.
We do know, however, that both “joes” have pushed Ponzi programs and displayed an astonishing and unsettling [...]

UPDATED 1:19 P.M. ET (U.S.A.) Former Fort Lauderdale attorney Scott Rothstein was arrested by the FBI this morning after being charged with racketeering and other offenses.
The arrest occurred only days after Rothstein was disbarred by the Florida Supreme Court. Rothstein pleaded not guilty. He then was jailed without bail.
Separately, federal prosecutors moved late last week [...]

A federal judge has denied motions by Bank of America and AdSurfDaily attorney Robert Garner to dismiss a lawsuit in which ASD members alleged Garner and ASD President Andy Bowdoin had engaged in racketeering.
Bank of America was not named a RICO defendant. Rather, the bank was accused of aiding and abetting ASD in a fraudulent [...]

It was before Bernard Madoff and before Sir Allen Stanford. President Obama was candidate Obama. Sarah Palin, the little-known governor of Alaska, would not become part of the public consciousness for nearly another month. Few people had heard of the so-called “Arby’s Indians.” Fewer yet could instantly place Uruguay or Panama on a map or [...]

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 10:23 A.M. EDT (U.S.A.) A federal judge should grant Bank of America’s motion to stay a case in which the bank is alleged to have aided and abetted a racketeering scheme because the plaintiffs already have a remedy and their argument is fatally deficient, the bank argued yesterday.
Moreover, the bank argued, the government is [...]

A federal judge should deny Bank of America’s motion to be dismissed as a defendant in a case that alleges it aided and abetted racketeers operating a massive Ponzi scheme from a former floral shop in Quincy, Fla., the plaintiffs argued yesterday.
Bank of America is not named a RICO defendant in the case, which was [...]

AdSurfDaily attorney Robert Garner “was one of the architects of the ASD Ponzi scheme,” plaintiffs suing Garner for racketeering said yesterday.
Garner was “a director of ASD and outside counsel for ASD,” the plaintiffs said. “He appeared on various Internet videos where he attested to the bona fides of the ASD, among other numerous false statements, in [...]

Plaintiffs suing AdSurfDaily President Andy Bowdoin for racketeering added two more attorneys to their roster this morning and have added a total of four since June 24. The plaintiffs now have attorneys in Washington, D.C., Phoenix, San Francisco and Mill Valley, Calif., on their side, perhaps with more formal notices of appearance to follow.
Today’s move [...]

UPDATED 2:03 A.M. EDT (July 4, U.S.A.) In the past few days, the AdViewGlobal (AVG) forum has closed, reopened, and closed again. The actions occurred in the wake of complaints from members who have been pleading with the company to provide understandable explanations and to stop blaming participants for AVG’s seeming inability to explain itself.
In [...]

UPDATED 9:47 P.M. EDT (U.S.A.) AdViewGlobal has disabled its forum. The move followed on the heels of complaints from members that the surf company was confusing them when trying to explain its new pay-out program. The payout program was introduced with great fanfare today, and included a prediction that AVG would become a Fortune 500 [...]

UPDATED 1:26 P.M. EDT (U.S.A.) AdViewGlobal has been cited in a racketeering lawsuit against AdSurfDaily President Andy Bowdoin as an extension of ASD.
In a motion filed this morning, the plaintiffs pointed out that a bank had closed a Bowdoin account while he was running ASD, after suspicious banking activity triggered Ponzi concerns. The plaintiffs then [...]

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 [...]

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 [...]

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 [...]

A federal judge has denied a motion by the plaintiffs in a racketeering lawsuit against AdSurfDaily attorney Robert Garner for more time to respond to Garner’s motion to be dismissed as a defendant.
Judge Rosemary Collyer said the plaintiffs had failed to cite “a good cause” to grant the delay.
Meanwhile, Collyer also denied motions by [...]