Category: Alleged Ponzi Schemes
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‘Professor’ Moriarty Started Nonprofit In Name Of Suspect Accused Of Murdering Woman And Shooting Police Officer
UPDATED 4:28 P.M. EDT (U.S.A.) On June 2, 2006, Bryan Tullock ran a stop sign in his white Cadillac and was pulled over by police in Montgomery City, Mo., investigators said. As officer Brandon LyBarger, 25, approached the car shortly after midnight, Tullock shot him four times with a 9-mm handgun and also opened fire…
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BREAKING NEWS: ‘Professor’ Patrick Moriarty Indicted On Tax Charges; ASD Mainstay Simultaneously Battles Cancer
UPDATED 3:39 P.M. EDT (U.S.A.) “Professor” Patrick Moriarty has been indicted on federal tax charges. Parts of the indictment in U.S. District Court for the Eastern District of Missouri were filed under seal March 19. A redacted True Bill charged Moriarty with filing false income-tax returns for the tax years 2002, 2003, 2004 and 2005.…
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BREAKING NEWS: Clerk Records Golden Panda ‘Default’
On Monday, prosecutors filed papers to begin the process of finalizing the default of more than $14 million seized from Bank of America accounts controlled by Golden Panda Ad Builder President Clarence Busby and his daughter, Dawn Stowers. A court clerk today entered a default notice for a total sum of $14,045,598.07. The notice clears…
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AdSurfDaily Downline Group Known As ‘Oneteam’ Repeatedly Used Names Of Government Agencies, Bank Of America In Advertisements For Embattled Andy Bowdoin ‘Surf’ Firm
An AdSurfDaily downline group known as “oneteam” used the names of U.S. government agencies, a Congressionally chartered insurance entity for depositors and Bank of America in what appears to have been a brazen bid to disarm doubting prospects continuously in advertisements for at least 18 months. The ads appeared online beginning in February 2007. Among…
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BREAKING NEWS: Government Seeks Golden Panda Default
As anticipated, the government has filed papers to finalize the forfeiture of more than $14 million seized from Bank of America accounts controlled by Golden Panda Ad Builder President Clarence Busby and his daughter, Dawn Stowers. Busby surrendered claims to the funds in September. Earlier today the government set the official total of funds seized…
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BREAKING NEWS: Government Seized $65.8 Million From Bowdoin Accounts, $14 Million From Busby Accounts
UPDATED 5:13 P.M. EDT (U.S.A.) Federal prosecutors have filed papers that formalize the official total of deposits seized from Bank of America accounts held by AdSurfDaily President Andy Bowdoin and Golden Panda President Clarence Busby. The amounts appear to be significantly higher than believed initially and take into account “credits, and net of offsets that…
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Bowdoin Still A No-Show In RICO Lawsuit; Attorneys For Both Sides Gear Up For What Could Be An Interminable Slog
AdSurfDaily President Andy Bowdoin still hasn’t responded to a Jan. 15 racketeering lawsuit filed against him by three ASD members seeking class-action certification. Meanwhile, Bank of America, a non-RICO defendant accused in the complaint of aiding Bowdoin and others in a fraudulent scheme, has added two additional attorneys who specialize in complex financial litigation to…
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AdViewGlobal Ignores Express Public Denial By KINGZ That Business Relationship Existed; Surf Firm Sidesteps Wire Issue
After announcing Monday that it had a deal for members to purchase “advertising” beginning Tuesday through international wire transfers, the AdViewGlobal (AVG) autosurf now says it had no such deal. Rather, the surf said in a note signed “AVGA Management,” negotiations were “ultimately unsuccessful.” AVG did not explain how a deal described as completed —…
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SPECIAL REPORT: The Largely Unknown Bowdoin ‘Surf’
“But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil.” — From 1 Timothy 6:9-10 He was hailed a Christian “genius,” and AdSurfDaily President Andy Bowdoin often invoked…
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BREAKING NEWS: KINGZ Capital Management Corp. Denies Any Ties To AdViewGlobal Autosurf, Launches Investigation Into AVG Wire Claim; Says Attorneys Are Monitoring Situation
UPDATED 2:59 P.M. EDT (U.S.A.) Claims by the AdViewGlobal (AVG) autosurf that KINGZ Capital Management Corp. is aiding AVG in offshore wire transfers are false, and KINGZ has launched an investigation, the company’s top executive said in an interview this morning. “Nothing has ever been accepted from [AVG], nothing has been — and nothing will…
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BREAKING NEWS: ASD’s New Attorney Seeks To Withdraw Bowdoin’s Pro Se Motion To Rescind His Decision To Submit To Forfeiture And File Anew: Will Case Slow To A Crawl?
On Feb. 27, ASD President Andy Bowdoin — acting as his own attorney — filed a motion to rescind a decision he made in January to submit to the forfeiture of tens of millions of dollars and real estate seized by the government in a wire fraud, money-laundering and Ponzi scheme investigation. Federal prosecutors, on…