Category: Ad Surf Daily
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Seattle Post-Intelligencer Imperiled: Could It Use The Autosurf Model To Save Itself?
Yesterday we wrote about the U.S. unemployment rate surging to 7.2 percent, the highest since 1993. Today we’ll start with the news that the Seattle Post-Intelligencer, one of America’s great newspapers, has been put up for sale by Hearst. Our purpose for this post is twofold: To send our respect to staff members who may…
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CEP Receiver Settles With 14 Ponzi Scheme Participants
The receiver in the CEP Ponzi scheme case has filed court papers to settle adversary proceedings against 14 participants who profited in the scam. In court since July 2007, the case is not fully settled. Litigation against other participants is ongoing. Dozens of lawsuits were filed against CEP members. Settlement terms for the group of…
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Prosecutors Turn Up The Heat On Madoff
Ponzi schemes almost always have insiders, and sometimes the insiders may not even know they’re insiders. In an extraordinary revelation, federal prosecutors said this afternoon that Bernard Madoff took overt steps to distribute bonuses to preferred family, friends and employees after he realized the Ponzi he created was crashing down around him “[When] the defendant’s…
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AdViewGlobal, AdGateWorld Brands Leveraged To Sell Cash-Gifting, Other Programs; Pitches Also Use Tony Robbins’ Name
It’s hard to imagine that motivational speaker Anthony Robbins would be pleased to learn his carefully cultivated brand name is being leveraged to sell highly questionable online-income opportunities such as cash-gifting programs. Robbins, however, has company — and it’s the sort of company that adds an extra layer of dubiousness to the drip-drop dilution of…
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2008 Concluded With ‘Ponzi-Equals-Pain’ Message
Dear Readers, Our best to you with the dawning of the new year — and our thanks for making this Blog one of your stopping points. If you have a moment in the coming days, think about leaving a comment that answers this question: What will you remember most about 2008? One of the things…
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MegaLido Members Take A Pounding
Reports online suggest MegaLido members are receving paltry refunds of less than 10 percent from the payment processors they used to fund their MegaLido accounts The precise percentage of the refunds is unclear. What is clear is that MegaLido is yet another autosurf that went bust. MegaLido was widely promoted by members of AdSurfDaily in…
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Madoff Case Sparks Talk Of ‘Clawbacks’
BLOG UPDATE 2:19 P.M. EST (U.S.A.): La Tribune, a French business newspaper, is reporting that a founder of Access International Advisors, a hedge fund with large sums invested with Bernard Madoff, has been found dead in his New York City office building. Rene-Thierry Magon de la Villehuchet, 65, was found this morning. The French newspaper…
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Ad View Global, New ‘Advertising’ Program, Debuts
This morning we read an early pitch for Ad View Global (AVGlobal), a new “advertising” company that is coming online in the wake of the $100 million government seizure of assets tied to AdSurfDaily Inc. AVGlobal, according to the promoter’s ad we read, is positioning itself as a guarantee against the recession and poor economy.…
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EDITORIAL: $7,260 An Hour: The Dangerous Allure Of Autosurfs
I first learned about Ad Surf Daily and Andy Bowdoin in July, prior to the asset seizure, back when I served as a Moderator at the Warrior Forum. ASD members swore by the company, flocking to the forum in droves when Andy Bowdoin had become a topic of widespread conversation on the Web. Some of…
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DailyProfitPond: Another Autosurf Offline
Members of an autosurf known as DailyProfitPond are reporting the website is offline and that they fear they’ve lost their money. DailyProfitPond is yet another autosurf that launched in the wake of the August seizure of tens of millions of dollars and real estate linked to Andy Bowdoin’s AdSurfDaily, also known as ASD Cash Generator.…
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MegaLido Autosurf, Pushed By ASD Members, Vanishes
We’ve written previously that members of an autosurf known as MegaLido had reported their support requests had been ignored and they they were seeking refunds from AlertPay and SolidTrustPay. MegaLido members now say the site itself has gone offline. The paid-to-surf site rose to prominence in the weeks after the government seizure of AdSurfDaily’s assets,…