UPDATE: AdSurfDaily’s Andy Bowdoin Faces May 8 Bond-Review Hearing

Andy Bowdoin

With federal prosecutors in the District of Columbia now saying AdSurfDaily President Andy Bowdoin was involved in multiple fraud schemes after the U.S. Secret Service seized  $65.8 million from his personal bank accounts in August 2008 in a Ponzi probe, the ASD patriarch now faces a bond-review hearing in Washington.

U.S. District Judge Rosemary Collyer has scheduled the hearing for May 8.

Prosecutors pointedly asserted on April 17 that Bowdoin, 77, was promoting a “fraudulent scheme” known as “OneX,” informing Collyer that Bowdoin’s OneX pitches began in 2011 –after Bowdoin was indicted in 2010 on charges of wire fraud, securities fraud and selling unregistered securities in his operation of ASD.

Collyer now has ordered prosecutors to present  “all evidence (written and testimonial) regarding Defendant’s alleged involvement in OneX or any other alleged Internet scheme since the Indictment in this case.”

Bowdoin’s OneX pitches, which mixed in commentary about his criminal case, began in October 2011.  The ASD-related indictment against him was unsealed in November 2010 and announced publicly on Dec. 1, 2010.

Prosecutors also say Bowdoin was involved in AdViewGlobal, an autosurf that came to life in late 2008 and early 2009 — after the August 2008 Secret Service seizure. At the same time, prosecutors say Bowdoin, Clarence Busby and “others” were involved in the operation of the Golden Panda Ad Builder autosurf, the so-called “Chinese” version of ASD.

Money from at least five Golden Panda bank accounts was seized as part of the ASD probe in 2008. All in all, the combined sums seized from ASD and Golden Panda totaled about $80 million.

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One Response to “UPDATE: AdSurfDaily’s Andy Bowdoin Faces May 8 Bond-Review Hearing”

  1. Hey Andy, just remember, Orange Jumpsuits are very stylish in DC this fall. Trust me, orange is the new black!