Category: Ad Surf Daily
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BREAKING NEWS: Florida Revokes Corporate Registration Of Andy Bowdoin’s AdSurfDaily Inc.; Dissolves Bowdoin/Harris Enterprises Inc. On Same Date
UPDATED 10:47 P.M. EDT (U.S.A.) The state of Florida has revoked the corporate registration of AdSurfDaily Inc. Meanwhile, the state has dissolved Bowdoin/Harris Enterprises Inc. Both actions were taken Sept. 25 by the Florida Department of State’s Division of Corporations because neither company filed required paperwork. ASD’s registration is marked “REVOKED FOR ANNUAL REPORT.” The…
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Bowdoin’s New Lawyer Has Another Big Case; Feds Charge Florida Home-Builder Scott Fawcett In Multi-Agency Operation Dubbed ‘The Mortgage Fraud Surge’
Michael R.N. McDonnell is the attorney for a Florida man charged Tuesday with obtaining $388,000 in a mortgage-fraud scheme, according to the Naples Daily News. McDonnell, a lawyer for nearly 40 years, recently was retained to represent AdSurfDaily President Andy Bowdoin in a civil-forfeiture case involving tens of millions of dollars seized from Bowdoin’s bank…
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LETTER TO READERS: Senior Citizens, The Culture Of Ponzi Schemes — And America’s Longing For A Return To The Age Of ‘Blue Light’ Specials, The Age Of Innocence
Dear Readers, From time to time I publish a post in letter form. This usually happens when a post in story, editorial or essay form does not seem appropriate. This is one of those times. Honestly, just how strange could things get in Ponzi Land? Ponzi Land, which relatively few people outside of law enforcement…
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BULLETIN: Richard S. Piccoli, 83, Sentenced To 20 Years In Prison For Ponzi And Affinity-Fraud Scheme
In a case that features some of the same elements of the alleged AdSurfDaily Ponzi scheme — a senior citizen as the operator, appeals to religion, the sale of unregistered securities, commingling of funds, seized assets and advertising materials that promised a payout — an 83-year-old New York man today effectively was sentenced to life…
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BREAKING NEWS: Judge Says New Attorney May Appear In DC Court For ASD President Andy Bowdoin
UPDATED 3:52 P.M. EDT (U.S.A.) A federal judge has issued an order that permits Michael R.N. McDonnel, a Florida attorney, to appear in U.S. District Court for the District of Columbia on behalf of AdSurfDaily President Andy Bowdoin. U.S. District Judge Rosemary Collyer issued the order this afternoon in response to a request by Charles…
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EDITORIAL: The Real Meaning Of ‘Treason’
Stewart David Nozette was arrested by the FBI yesterday for attempted espionage. Though Nozette was not formally charged with the Constitutional crime of treason — the only crime specifically described in the Constitution — the crime of espionage is viewed by the public as an act of treason against the United States because selling secrets…
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BREAKING NEWS: FBI Arrests Maryland Man With ‘Star Wars’ Knowledge On Espionage Charges; Spy Case Will Be Co-Prosecuted By Office In Charge Of Alleged ASD Ponzi
The FBI has arrested a Maryland man in a sting and charged him with attempting to pass U.S. defense and space secrets to Israel. Stewart David Nozette, 52, of Chevy Chase, Md., accepted $11,000 in payments from the FBI, believing the payments had come from the Mossad, Israel’s spy agency. The payments actually came from…
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68-Year-Old Texas Woman Charged In Alleged Ponzi
A 68-year-old Texas woman has been charged with running a $500,000 Ponzi scheme. Julia Ann Schmidt was indicted in Waco. She now joins a roster of other senior citizens recently implicated in alleged Ponzi schemes or convicted of crimes in which a Ponzi was the modus operandi. Federal prosecutors said today that Schmidt posed as…
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UPDATE: No Vana Blue Shares Have Traded Hands Since Oct. 8; No Praebius Communications Trades Since Oct. 9
UPDATED 4:30 P.M. EDT (U.S.A.) No shares of Vana Blue were reported traded today. No trades have occurred since Oct. 8, a period encompassing seven full trading days. Some shares of Praebius did trade today, so its string of no trading since Oct. 9 ended. Here, below, our earlier post . . . Two Pinksheet…
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EDITORIAL: Another Major Thread Goes ‘Poof’ At Surf’s Up
UPDATED 9:39 P.M. EDT (U.S.A.) A thread at the Pro-AdSurfDaily Surf’s Up forum went missing this morning after a days-long debate in which federal prosecutors were called “goons” and a member repeatedly insisted that a government attorney had acknowledged that ASD was not a Ponzi scheme. The thread was titled “William Cowden Resigned.” Various Surf’s…
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Bank Failure Brings 2009 Total To 99; Foreclosures Pile Up In California, Florida; Prosecutors Battle Mortgage Fraudsters And Ponzi Schemers
UPDATED 1:33 P.M. EDT (U.S.A.) The failure yesterday of San Joaquin Bank in Bakersfield, Calif., brought the total of bank failures in the United States this year to 99. With weeks remaining in the year, it is a virtual certainty that failures will top the 100 mark. Banks have been failing at an average rate…