BREAKING NEWS: Default Notice Against ASD Entered

UPDATED 12:29 P.M. EDT (U.S.A.) A default notice to real estate and more than $65.8 million seized from the bank accounts of ASD President Andy Bowdoin has been docketed in U.S. District Court for the District of Columbia.

A clerk entered the notice this morning in response to an affidavit from the prosecution last week. The notice is dated Nov. 13. Today’s filing means the government is one step closer to perfecting title to the property and money, which were seized in an August 2008 forfeiture complaint.

“[I]t is this 13th day of November, 2009, declared that the defendants . . . are in default,” the clerk’s notice reads.

Judge Rosemary Collyer will have to issue a formal order of forfeiture for the government to exercise permanent control of the assets. The timeline for such an order is unclear, but prosecutors say the time for filing claims has expired.

Last week, Collyer rejected a bid Bowdoin launched in February to reassert claims to the money. She also has rejected dozens of bids by pro se litigants to gain standing in the case, including a denial of 13 motions on a single day last week.

In August, pro se motions to gain standing in the case — all of them featuring a legal template shared by members of ASD — began to flood the courthouse. Collyer rejected the arguments of each of the prospective litigants.

See Nov. 13 story on prosecution filing.

See Clerk’s Entry of Default.

About the Author

6 Responses to “BREAKING NEWS: Default Notice Against ASD Entered”

  1. I have $3,000 invested in this guy and I am wondering when I am ever going to recieve my money. I put it into his program back in fall of 2007. Please write me back and let me know if you have a date in mind when the funds will be released. Thank you.
    EuGene Kaufhold

  2. Hello EuGene,

    EuGene Kaufhold: I have $3,000 invested in this guy and I am wondering when I am ever going to recieve my money. I put it into his program back in fall of 2007. Please write me back and let me know if you have a date in mind when the funds will be released. Thank you.

    You may find this story helpful:

    https://patrickpretty.com/2009/11/13/breaking-news-justice-department-establishes-information-hotline-for-adsurfdaily-victims/

    Regards,

    Patrick

  3. EuGene, with 12DailyPro and CEP, it has taken several years before all funds were accounted for and retrieved. All assets will need to be liquidated (sold at auction). It is possible that the larger winners will be pursued for their profits. And you can bet that they will fight giving back their ill gotten gains.

    The process has been delayed by Bowdoin and some of the ponzi profiteers. They will likely obstruct the process at every point.

    The speed at which the government have filed for default should indicate that they are not the source of the delays.

  4. From the government FAQ:

    How long will it take to distribute the forfeited money to victims?

    Because of the large number of victims of the schemes (estimated to be many thousands or more), it may take up to one year or more for the government to review all of the anticipated claims and begin distributing the forfeited money to the victims. This is the normal amount of time necessary to process remission claims in cases of this size.

    If the “one year” is accurate, that is quite quick. I personally expect it will take much longer.

  5. Eugene,

    You state that you invested $3000 in the fall of 2007. Did you cash out any rebates?

    EuGene Kaufhold: I have $3,000 invested in this guy and I am wondering when I am ever going to recieve my money. I put it into his program back in fall of 2007. Please write me back and let me know if you have a date in mind when the funds will be released. Thank you.EuGene Kaufhold

  6. I sent 3 w-9`s. Also faxed 2. 1 certified letter never got there. It made it to Tallahassee Main post office. Maybe the feds confiscated it? I called the Quincy post office, A guy named Justin asked me whats up with this place, they are getting crates of mail. I could not take any of my money out because asd said I didn`t have a w-9 on file.A reply has been made to your ticket. Below are the ticket details.

    —————————

    Your W-9 has not been entered into the system. but you can e-mail the W-9 to asdaccountingmg@gmail.com.

    I am closing this ticket.

    —————————

    Ticket ID:
    Subject: w-9
    Department: Customer Service
    Priority: Medium
    Date Submitted: Jun 10 2008, 3:48 PM

    —————————

    You can view your ticket using this link: http://asdcashgenerator.org/helpdesk/index.php?act=tickets&code=view&id=

    If there is anything we can do to be of assistance, please let us know.

    Regards,

    The ASDCashGenerator Support Desk team.