Category: Ad Surf Daily
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RECEIVER: ‘Insiders And Related Parties’ Of Commodities Online Took Out Twice What They Put In; Shuttered Florida Firm Had Office With ‘Boiler Room’; Winners Received ‘Fraudulent Transfers’
The court-appointed receiver unraveling the affairs of a Florida firm accused by the SEC of operating a $27 million commodities fraud and selling unregistered securities says the company had “insiders and related parties” who took out twice what they put in. Clawback actions are anticipated against unspecified “targets” because the money they received constituted “fraudulent…
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SPECIAL REPORT: SEC Sues Commodities Online LLC, Alleging Massive Fraud; Firm That Listed Surf’s Up Mod Terralynn Hoy As ‘Director’ Says It Plowed $39 Million Into Alleged Ponzi Scheme Operated By James Clark Howard III And Others
UPDATED 2:25 P.M. EDT (U.S.A.) In a complex case unfolding in Florida, the SEC has filed fraud charges against two companies that allegedly sold unregistered securities and conducted a $27.5 million “investment scheme” involving “purported commodities contracts.” A receiver has been appointed to marshal the assets of the murky businesses, which are known as Commodities…
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FDIC, Georgia Authorities Shut Down Bank That Once Held Proceeds From Alleged ASD/Golden Panda Ad Builder Scheme
Bartow County Bank, which once held deposits tied to Golden Panda Ad Builder and the alleged AdSurfDaily Ponzi scheme, has failed in Georgia. The Georgia Department of Banking and Finance closed the small bank today and appointed the FDIC receiver. Bartow once held $644,266 linked to Golden Panda, federal prosecutors said in a December 2008…
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BULLETIN: Feds Say Man Filed False Liens For Tens Of Billions Of Dollars Against Federal Prosecutors, Investigators; Mark D. Leitner Indicted In Florida
BULLETIN: It has happened again, this time in the Sunshine State. Mark D. Leitner has been indicted in Florida on charges of filing false liens against federal prosecutors, investigators and court personnel involved in his criminal trial last year on tax charges. Leitner, whose age and address were not provided in a Justice Department statement,…
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BULLETIN: U.K.’s Serious Fraud Office Charges John Neil Hirst In $16 Million Ponzi Fraud; Brits, French, Americans Allegedly Targeted By Gilher Inc. Of Panama And Seychelles
BULLETIN: John Neil Hirst has been charged by the Serious Fraud Office (SFO) in the United Kingdom in a case that alleges he was at the helm of an international Ponzi scheme that targeted British, French and Americans through a company registered in Panama and Seychelles. The company was known as Gilher Inc., the SFO…
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UPDATE: Club Asteria Now Said To Have 230,000 Members; ‘I Got Paid’ Posts Appear On Ponzi Boards; Press Releases Picked Up By Google News; Web Promos Stress ‘Passive’ Earnings
“[I]f this company doesn’t have sales, it’s not a viable company. Every company has to have sales that’s what makes this company work because the great business model, not because it has a lot of outside resources, but with that said we have a lot of things planned in the next weeks and months ahead.…
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SPECIAL REPORT: Investor In Alleged Florida Forex Caper Arrested For Bankruptcy Fraud; Botfly LLC Ponzi Case Reminiscent Of ASD Case; Female Investigator Called Vile Names; Accused Schemer David Lewalski Shifted Blame To Government, Feds Say
UPDATED 1:14 P.M. EDT (U.S.A.) A Florida man who allegedly received $1.5 million from an international Forex fraudster now jailed in the United States has been arrested on charges of bankruptcy fraud, federal prosecutors said. The three-count indictment against Jon Jerald Hammill, 39, of St. Petersburg, was unsealed yesterday. It marked the fourth major Ponzi-related…
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INCREDIBLE: Florida — AGAIN: CFTC Charges Ft. Lauderdale Firm, Principals In Alleged Precious-Metals Scam; ‘Defendants Never Held Or Acquired Any Metals,’ Agency Says
On the same day the SEC announced charges against two residents of South Florida in an alleged $30 million Ponzi scheme, the CFTC went to federal court and accused two other residents of the region of conducting a precious-metals scheme. Charged by the CFTC were James A. Ward of Ft. Lauderdale, and Nathaniel R. Walker…
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URGENT >> BULLETIN >> MOVING: Andy Bowdoin, AdSurfDaily Lose Appeal Of $65.8 Million Forfeiture Order; Panel Unanimously Upholds District Judge
BULLETIN: Andy Bowdoin and AdSurfDaily Inc. have lost their appeal of a January 2010 order by U.S. District Judge Rosemary Collyer that $65.8 million be forfeited to the government in the August 2008 civil Ponzi scheme case against Bowdoin’s assets. The U.S. Appeals Court for the District of Columbia unanimously upheld Collyer, rejecting Bowdoin’s claims…
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PRIMING THE PUMP: TalkGold, MoneyMakerGroup Publish String Of ‘I Got Paid’ Posts From Club Asteria Members; ‘It’s No Scam Now,’ Poster Declares
Two forums listed in federal court documents as places from which Ponzi schemes are promoted have published a series of “I got paid” posts from commentators who say they are members of Club Asteria (CA). The “I got paid” posts on MoneyMakerGroup and TalkGold appeared after CA members had complained publicly about not getting paid…
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URGENT >> BULLETIN >> MOVING: Federal Judge Refuses To Toss Indictment Against AdSurfDaily President Andy Bowdoin; Ruling May Deal Crushing Blow To ‘Autosurf’ Trade; ‘These Alleged Facts Smack Of An Investment,’ Court Says
BULLETIN: U.S. District Judge Rosemary Collyer has rejected AdSurfDaily President Andy Bowdoin’s sweeping claim that the indictment against him should be dismissed because ASD met none of the three prongs of the “Howey Test” under federal securities laws and a Supreme Court precedent that determines what constitutes an “investment contract.” Collyer’s refusal to dismiss the…