Category: Alleged Ponzi Schemes
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And The Ponzis Will Die As One . . .
Dear Readers, Two days ago we received a note from a woman who identified herself as a member of AdViewGlobal (AVG). The note was intended for publication, but we declined to publish it. The woman described herself as angry about developments at the surf. We would have published the note, except for one thing: The…
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UPDATE: Noobing Surf Site Offline As FTC Fraud Case Against Affiliate Strategies Inc. Proceeds; Receiver Appointed And Expected To File Preliminary Report Soon
A receiver has been appointed in the case against Affiliate Strategies Inc. (ASI) and Brett Blackman, ASI’s president, chief executive officer and founding partner. Noobing, a surfing site, is in the ASI fold, but has not been named a defendant. Regardless, the Noobing site is offline. A federal judge has granted a freeze of ASI’s…
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BREAKING NEWS: Judge Grants Bowdoin Request For More Time, As AdSurfDaily Negotiates With Prosecutors
A federal judge has granted Andy Bowdoin more time to respond to an order to show cause. Judge Rosemary Collyer said Bowdoin and AdSurfDaily Inc. could have until Aug. 28 to show cause why its motion to reverse Bowdoin’s decision to forfeit tens of millions of dollars to the government should not be denied. The…
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DID SURF FIRM JUST MAKE HISTORY? AdViewGlobal Says It Filed State, Federal Complaints About $2.7 Million Theft; Surf Wants New CFO, Compliance Officer, Department Managers; Asks Members To Keep Surfing
UPDATED 12:03 P.M. EDT (U.S.A.) One day after AdSurfDaily Inc. revealed in court filings that it was negotiating with federal prosecutors, the AdViewGlobal (AVG) autosurf announced it had been the victim of a $2.7 million theft. AVG, which purports to be headquartered in Uruguay, said it reported the theft to state and federal authorities. If…
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EDITORIAL: The End Of Wink-Nod
One year ago today, the U.S. Secret Service arrived in the small town of Quincy, Fla., and changed history. By executing a search warrant at the headquarters of AdSurfDaily Inc. — and going about their business in very public fashion — agents sent the message that the so-called autosurf “industry” no longer had a safe…
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BREAKING NEWS: Federal Judge Denies Curtis Richmond’s Disqualification Motion In ASD Case; Motions To Set Aside Forfeiture By Three Other Pro Se Litigants Also Denied
UPDATED 3:40 P.M. EDT (U.S.A.) A federal judge said she will not recuse herself from the AdSurfDaily forfeiture case and has denied a motion by Curtis Richmond to disqualify herself. Meanwhile, the judge also denied motions by other pro se litigants in the ASD case. Richmond filed the motion to disqualify Judge Rosemary Collyer, claiming…
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BREAKING NEWS: Andy Bowdoin Negotiating With Federal Prosecutors In AdSurfDaily Inc. Forfeiture Case
UPDATED 1:23 P.M. EDT (U.S.A.) AdSurfDaily President Andy Bowdoin — through his attorney — is negotiating with federal prosecutors. Charles A. Murray, Bowdoin’s attorney, has advised U.S. District Judge Rosemary Collyer that the negotiations “could result in an agreement resolving the matters in dispute either in part or whole.” Prosecutors have consented to Bowdoin being…
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BizAdSplash Site Relaunch Delayed; Clarence Busby Does Not Explain Why, But Says ‘Instant Money’ Available Soon
Although BizAdSplash (BAS) said last week that its new website would be up and running yesterday, the launch did not come off as advertised. A video featuring BAS “chief consultant” Clarence Busby appeared on the old site today, but Busby did not explain the delay in launching the new site. The video opened with Busby…
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BREAKING NEWS: Regenesis 2×2 ‘Driving Force’ Released From Prison Jan. 13; Website Registered Jan. 21; Jeffrey William Snyder Previously Siphoned Funds From Investors And Was On Federal Probation For Money-Laundering
UPDATED 3:44 P.M. EDT (U.S.A.) A man the U.S. Secret Service identified as the “driving force” behind the Regenesis 2×2 matrix was released from prison Jan. 13, stole money from clients in a previous securities scheme and was on federal probation for money-laundering, records show. A domain name the Regenesis matrix uses was registered privately…
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BREAKING NEWS: Criminal Probe Under Way Into Practices Of Regenesis 2×2 Matrix; Secret Service Executed Search Warrants In Washington State Amid Ponzi And Wire Fraud Concerns
The U.S. Secret Service is conducting yet-another investigation into the practices of an Internet-based business amid Ponzi allegations. Agents have seized computers and business records from Regenesis Marketing Corp., which operates online as Regenesis 2×2 at this website. A felon on federal probation was an integral part of the company, according to court records. Meanwhile,…
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Noobing, Surf Site That Pitched Itself To Deaf Community, Goes Missing; Purported President Was Named In FTC Complaint Against Separate Firm Last Month That Alleged ‘Guaranteed’ Government ‘Stimulus’ Grants Of $25,000
UPDATED 10:48 A.M. EDT (U.S.A.) The Noobing surf site is throwing a server error and will not resolve. The development came in the aftermath of a Federal Trade Commission complaint filed late last month against Brett Blackman and others, although Noobing was not named in the FTC complaint. On July 24, a federal judge froze…