Category: Alleged Ponzi Schemes
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BREAKING NEWS: Louisiana Man Indicted In Alleged $20 Million Ponzi Scheme Targeting Senior Citizens; Prosecutors Allege Witness Tampering, Obstruction
UPDATED 9:44 P.M. ET (U.S.A.) A Louisiana man has been charged in a 64-count indictment with operating a $20 million Ponzi scheme that fleeced retirees, federal prosecutors said today. So many fraud counts were filed against Matthew B. Pizzolato that he faces more than 1,100 years in prison if convicted of all of them. As…
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BREAKING NEWS: Judge Suggests ASD Forfeiture Could Occur Before Christmas; Finds Bowdoin ‘Knowingly And Voluntarily’ Released Claims To $65.8 Million
Will the August 2008 forfeiture case against $65.8 million in the personal bank accounts of AdSurfDaily President Andy Bowdoin end before Christmas? A federal judge suggested today that it might. Bowdoin, 74, knew what he was doing when he submitted in January 2009 to the forfeiture of the cash and “knowingly and voluntarily” agreed never…
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BREAKING NEWS: Bowdoin Family Knew About December Forfeiture Complaint A Month Prior To Launch Of AdViewGlobal; AdSurfDaily-Connected Assets Seized In December ’08 Case Prepped For Sale
Even though Andy Bowdoin and his family knew in January 2009 that the government intended to seize the Tallahassee home of his stepson George Harris and an $800,000 building purchased with cash in ASD’s home city of Quincy, Fla., the AdViewGlobal (AVG) autosurf proceeded with its launch in February 2009, according to an analysis of…
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BREAKING NEWS: Prosecutors Allege Ponzi Murder Plot; Jeffrey Lane Mowen Accused Of Soliciting Prisoner To Kill Witnesses In Multimillion-Dollar Case Against Him
EDITOR’S NOTE: In August, a poster here who defended autosurf Ponzi schemes demanded readers to “show me one time where the [U.S. government] has even started a lawsuit or ‘gone after’ a company off shore.” The post concerned the AdVentures4U (ADV4U) autosurf, which, like a number of autosurfs, claimed legal ties to Panama. Promoters said…
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Amid Ponzi Swirl, Scott Rothstein Disbarred For Life
Florida attorney Scott Rothstein became famous in the environs of Miami and Fort Lauderdale for both puffing on and stockpiling cigars. But he’ll no longer have the opportunity to seek to impress members of the Florida Bar as a cigar aficionado. In fact, even his days as a purported legal aficionado have come to an…
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BREAKING NEWS: Prosecutors Ask Judge To Order Forfeiture Of Bowdoin’s Quincy Residence, Tens Of Millions Of Dollars Seized From Bank Accounts
Federal prosecutors have asked a federal judge to order the formal forfeiture of more than $65.8 million seized from 10 bank accounts in the personal name of AdSurfDaily President Andy Bowdoin. Prosecutors also asked for a forfeiture order covering Bowdoin’s residence at 8 Gilcrease Lane in Quincy, Fla. “Plaintiff applies for a default judgment and…
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BREAKING NEWS: Secret Service Feared Bowdoin Would Flee Country After Moving Money Offshore And Relinquishing His Interest In Golden Panda Ad Builder
The U.S. Secret Service feared AdSurfDaily President Andy Bowdoin had become aware of scrutiny into his business affairs and planned to flee the country, according to a 37-page affidavit originally filed under seal in the case. Meanwhile, the affidavit revealed that a key Secret Service investigator in the case formerly was a member of a…
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OBTAINED: Copies Of ASD Seizure Warrant, ‘Freeze’ Order
ANNOUNCEMENT 7:21 P.M. ET (U.S.A.): The PatrickPretty.com Blog has obtained copies of seizure warrants, warrant returns and “freeze” orders in the alleged AdSurfDaily Ponzi scheme. The warrants are part of the forfeiture case against ASD’s assets. They were filed under seal Aug. 1, 2008 — the same date a note appeared on the ASD website…
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Federal Judge Issues Restraining Order, Asset Freeze In Alleged Mantria Ponzi Scheme; Video Featuring President Obama, Former President Clinton And World Business Leaders Pulled From ‘Speed Of Wealth’ Website
In a day of notable irony, the Obama administration announced the creation of an Interagency Financial Fraud Task Force led by the Department of Justice. Critical support functions will be provided by the Treasury Department, the Department of Housing and Urban Development and the Securities and Exchange Commission. One of the first cases the new…
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Guenther Acknowledges ‘Intimidating’ Autosurf Members For Refunds; Calls ASD-Biz Forum Readers ‘Left Wing Liberal No B***** People’; Says Woman A ‘Mouthy Broad’
The ASD Business Information Zone (ASD-Biz) forum covers news and opinion on AdSurfDaily, Golden Panda Ad Builder and what the forum describes as “Related Scams.” ASD-Biz has been a central discussion site on the subject of the ASD Members Business Association (ASDMBA). Some ASD-Biz members have urged Bob Guenther, the de facto head of ASDMBA,…
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BREAKING NEWS: SEC Charges Four Individuals, Two Companies In Alleged ‘Green’ Ponzi Scheme; Former President Clinton Acknowledged Firm’s Commitment To Environment At Major New York Event In September
It what may become an embarrassment to President Obama, Former President Clinton and Secretary of State Hillary Clinton, a man the SEC now says was operating a $30 million Ponzi scheme appeared alongside President Clinton at the 5th Annual Meeting of the Clinton Global Initiative (CGI) in New York Sept. 25. Obama’s name and the…