Category: Ad Surf Daily
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Widow Shares Story Of $20,000 Loss In AdSurfDaily
EDITOR’S NOTE: This is the story of Shannon Allison, an Idaho widow with five children. It is in her own words. Only light editing has been performed. My name is Shannon Allison and I’m a widow with 5 children. My husband, 5 kids, and I were involved in a horrific car accident in July of…
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BREAKING NEWS: Prosecution Seeks More Than $65.8 Million From Andy Bowdoin’s Bank Accounts; Asks For Default Entry
Federal prosecutors have filed an affidavit that seeks to give the government permanent control over more than $65.8 million seized from 10 bank accounts in the name of AdSurfDaily President Andy Bowdoin. Prosecutors already have permanent control over money seized from the bank accounts of Golden Panda Ad Builder in the same case. Today’s move…
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BREAKING NEWS: Justice Department Establishes Information Hotline For AdSurfDaily, GP, LFD Victims
Victim of the alleged AdSurfDaily autosurf Ponzi scheme? Want the latest information about claims and how the proposed restitution program is shaping up? The Department of Justice has established a special telephone number for the ASD case. By calling the number, you’ll hear a recording that updates members on developments in the case, which involves…
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BREAKING NEWS: Two Madoff Computer Programmers Charged With Conspiracy For Enabling Massive Ponzi Scheme
Federal prosecutors and the FBI demonstrated again this morning that people who enable Ponzi schemers are subject to arrest and prosecution. Today’s announcement that two computer programmers for Bernard Madoff have been charged with serious felonies could send shockwaves across the so called autosurf “industry,” which relies heavily on computers and programming tweaks to fleece…
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‘MISPRISION OF FELONY’: Could It Be Used In Autosurf Ponzi Cases? Feds Trot Out Old-Fashioned Law To Combat Ponzi Epidemic; Georgia Woman Gets Jail Time
It’s called “misprision of felony” under Section 4 of the U.S. Code, and here’s how it reads: “Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some judge or other person in civil…
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EDITORIAL: Bowdoin, Family Suffered Second Legal Blow Yesterday; August AND December Cases Will Proceed To An Outcome Apt To Send A Chill Across ‘Surfing’ Universe
Yesterday’s ruling by a federal judge that AdSurfDaily President Andy Bowdoin would not be permitted to change his mind about submitting to the forfeiture of tens of millions of dollars in a case brought in August 2008 dealt the embattled surf firm a crippling blow. But a virtually unnoticed ruling yesterday by Judge Rosemary Collyer…
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BREAKING NEWS: Judge Denies Bowdoin’s Bid To Reenter AdSurfDaily Case; Says ASD President’s Claims Lack Merit
UPDATED 5:18 P.M. ET (U.S.A.) A federal judge has denied the bid of AdSurfDaily President Andy Bowdoin to reverse his decision to forfeit tens of millions of dollars to the government in a case that features allegations of wire-fraud, money-laundering and operating a Ponzi scheme. “As Mr. Bowdoin’s own descriptions of events fail to support…
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Alleged Scott Rothstein Ponzi Probe Unfolding Like ASD Case; Forfeiture Proceeding Filed, But No Early Arrest
Federal prosecutors and agents today began the process of seizing assets from Florida attorney Scott Rothstein, amid allegations he had been operating a Ponzi scheme involving hundreds of millions of dollars since 2005. The early probe is shaping up in largely the same way as the early probe into AdSurfDaily, a Florida business accused last…
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BREAKING NEWS: Prosecution Says It Will Seek Default Judgment Against ASD Assets Named In December 2008 Complaint; Asserts Bowdoin, Others Were Served ‘Direct Notice’ In January 2009, But Did Not File Claims To More Than $1 Million In Property Paid For By Members
UPDATED 8:09 A.M. ET (NOV. 7 U.S.A.) Easy come, easy go? ASD President Andy Bowdoin and unnamed others were served “direct notice” in January 2009 of a forfeiture complaint filed in December 2008 but did not file claims to property the government intends to seize as proceeds of a crime, federal prosecutors said this morning.…
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Another Massive Ponzi Scheme Probe Under Way In Minnesota; Case Reminiscent Of Alleged Ponzis Of Tom Petters, Matthew Scott And Andy Bowdoin
Gerard Frank Cellette Jr. is suspected of operating a Ponzi scheme that involved tens of millions of dollars and was based on bogus printing contracts, prosecutors in Minnesota said yesterday. Cellette, 44, of Andover, Minn., owes investors at least $53 million, according to the felony complaint filed by the office of Hennepin County Attorney Mike…
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Important Filing Deadline In ASD Prosecution Nears
Tomorrow is the deadline for prosecutors to advise U.S. District Judge Rosemary Collyer how they plan to proceed with the December 2008 forfeiture complaint filed against assets of AdSurfDaily Inc. A month ago Judge Rosemary Collyer pointed out that no person or entity had filed claims to property seized in the complaint, the second tied…