Category: Alleged Ponzi Schemes
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ESSAY: Autosurfs Deserve A Hall of Fame Prosecution
AdSurfDaily President Andy Bowdoin is entitled to his dignity. He is not, however, entitled to sustain the lies that sustained ASD during its miserable run or kept false hope alive for thousands of members after the U.S. Secret Service seized his money. When the ASD case ends, it should end without ambiguity. The prosecution of…
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BREAKING NEWS: Judge Denies ASD Pleadings En Masse
UPDATED 4:50 P.M. EDT (U.S.A.) A federal judge has issued an order denying 31 pro se filers standing in the ASD case. Judge Rosemary Collyer denied the filings in a four-page order. Three pages of the document included the names of the individual filers, and a specific order to each one denying their motions to…
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MUSINGS: It’s Possible ASD NEVER Operated Legally
EDITOR’S NOTE: Many observers hold the view that ASD broke the law the first time it paid an “old” member with funds from a “new” member in the classic Ponzi setup. It’s hard to argue with that point of view, given the failure of hundreds and hundreds of autosurfs, all of which used a Ponzi…
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AdViewGlobal Domains Offline
UPDATED 8:09 P.M. EDT (U.S.A.) Two domains for the AdViewGlobal (AVG) autosurf will not resolve to a server. The domains are: adviewglobal.com startavga.com Why the domains will not resolve is unclear. The domains normally resolve to a server in Panama. As reported previously, a third domain associated with AVG — advglobal.com — also won’t resolve.…
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UPDATE: Sham ‘Attorney General’ In ‘Indian’ Case Sought $1.7 TRILLION From SEC; Wikipedia Says He Was Jailed In Nevada For ‘Attempted Murder,’ Other Charges
EDITOR’S NOTE: This is an update to supplement a story about bizarre securities litigation that has occurred recently. (Updated 9:10 P.M. EDT (U.S.A.) Think the $250 million judgment sought against a public servant by a sham “sovereign” Utah “Indian” tribe to which AdSurfDaily mainstay Curtis Richmond belonged was bizarre and extreme? It turns out to…
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EDITORIAL: ‘Meanwhile, Andy Bowdoin Was Negotiating’
Perhaps you’ve read that the AdVentures4U (ADV4U) autosurf suspended payouts on or about Aug. 28. The surf, which purports to be a professional communications firm, butchered its announcement message to such a degree that professional Ponzi promoters began to email their lists to explain what they thought ADV4U was saying. Perhaps the only thing not…
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ATTACK UNDERWAY: Ponzi Advocate ‘joe’ Says ‘joe Leaves When joe Wants To Leave’ And That Blog Will Be ‘Scrambling To Put Out Fires’
UPDATED 8:44 P.M. EDT (U.S.A.) The attack described below abated for a short time, and then started anew, with “joe” back posting from his usual IP. He has posted from two IP’s today, using the identities “Mr. Wonderful”; “Quicjk”; and “Almighty Joseph (the risen),” along with multiple email addresses, including one that uses the word…
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BREAKING NEWS: Prosecution Files Supplemental Brief In Response To Pro Se Pleadings In ASD Case; Says Petitioners ‘Must Establish An Interest In A Property That Existed BEFORE The Crime Occurred’
Federal prosecutors in the AdSurfDaily forfeiture case have filed a supplemental brief in response to a spate of pro se motions filed by members of ASD that says the members “must establish an interest in a property that existed before the crime occurred.” Today’s brief by the prosecution may be a bid to put would-be…
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Silent Coup? Regulators Confront False Nation-States In Burgeoning Battle Against Large-Scale Ponzi Schemes
Have the brick-and-mortar media largely missed an important political, legal and financial story — one that features nation-states being declared within U.S. borders and satellite, U.S.-style democracies being declared on paper overseas in a bid to skirt securities laws and financial regulations and make Ponzi schemes “legal?” It seems so. There has been spot coverage…
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BREAKING NEWS: Judge Orders Offshore Assets Of Firm Associated With Noobing Autosurf Repatriated; Broadens Authority Of Receiver To Pursue Recovery
In a ruling that may send shockwaves throughout the offshore autosurf “industry,” a federal judge has ordered the parent company of the Noobing autosurf to repatriate to the United States all assets and documents held on foreign soil. U.S. District Judge Julie A. Robinson also cleared the way for any safe-deposit boxes to be opened…
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Ten More Motions To Intervene Appear On Docket
UPDATED 4:57 P.M. EDT (U.S.A.) Ten more pro se motions to intervene in the federal forfeiture case against AdSurfDaily Inc. have just appeared on the docket of U.S. District Judge Rosemary Collyer. With the motions docketed yesterday, the grand total filed in the past two days now stands at 12. Previously 10 motions were filed,…