Category: Alleged Ponzi Schemes
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BREAKING NEWS: First ‘Paperless Access’ Used Andy Bowdoin In Video Pitch; Company Now Insults Members In Email Pitch
UPDATED 12:29 P.M. EDT (U.S.A.) The controversial video from upstart surf company Paperless Access starring Andy Bowdoin went missing after enraging ASD Members, and now the firm is insulting members in brand-new ways. In yet another impossibly butchered communication from the surf world, Paperless Access said it wanted ASD’s top downline sponsors to make back…
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Injunction Against Arons Dropped In Friedman Lawsuit
UPDATED 2:13 P.M. EDT (U.S.A.) A temporary restraining order against Florida resident Jack Arons by Dallas attorney Larry Friedman has been dropped. Arons and Friedman are in mediation to try to settle a dispute that resulted in Friedman accusing Arons of slander and libel March 5. The mediation is occurring via telephone and will resume…
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BREAKING NEWS: Judge Says Corporation May Not Proceed Pro Se; Orders Bowdoin’s Paid Attorneys To Advise Him On Procedural Matters And File Formal Notice Of Intent
UPDATED 12:51 A.M. EDT (March 27, U.S.A.) As first reported on this Blog, ASD President Andy Bowdoin’s paid attorneys never formally withdrew from the federal forfeiture case — not even after Bowdoin said he had fired them and was proceeding as his own attorney. Now Judge Rosemary Collyer has issued an order to the attorneys…
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EDITORIAL: Guenther Should Step Down From ASDMBA
UPDATED 4:03 P.M. EDT (March 27, U.S.A.) Bob Guenther should resign from the ASD Members Business Association (ASDMBA). Guenther is the de facto head of the ASDMBA Trust. People who contributed money to the Trust believing their legal interests in the AdSurfDaily case would be served have not been served well. ASDMBA members report they…
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Bowdoin’s ‘Paperless Access’ Video Removed From Site
UPDATE 11:16 A.M. EDT (March 26, U.S.A. See bottom of post and see Comments.) A video starring Andy Bowdoin that enraged some members of AdSurfDaily has been removed from its sponsor’s site. The video formerly was at this URL. No explanation for the removal appears at the site. Bowdoin pitched a new surf site called…
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Attorney: Guenther Devastated By Felony Conviction, But An ‘Honorable Man’ Who Never Should Have Been Charged
UPDATED 10:26 P.M. EDT (U.S.A.) Bob Guenther never should have been prosecuted for bank fraud in 1994, but accepted a plea deal after a cost-benefit analysis concluded his best chance to minimize a prison sentence was to accept the deal, Guenther’s defense attorney said in a 1996 memo. Guenther pleaded guilty to a single felony…
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In Vague Claim, AVG Says Bank Problem Being ‘Rectified’
In yet another vague claim, AdViewGlobal (AVG) said a problem that resulted in the suspension of its bank account is being “rectified.” AVG did not describe how the problem was being solved. Nor did it provide a date by which it expected the problem to be solved. Instead, under a three-exclamation point headline of, “AVGA…
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BREAKING NEWS: Bowdoin Volunteered Answers To Secret Service, Prosecutors Say; No ‘Miranda’ Violations Occurred
UPDATED 2:26 P.M. EDT (U.S.A.) ASD President Andy Bowdoin voluntarily answered questions during a noncustodial interview with Secret Service agents on Aug. 5, 2008, federal prosecutors said in a court filing today. In fact, prosecutors said, Bowdoin was “quite voluble, and voluntarily so.” The interview occurred while agents were executing a search warrant of Bowdoin’s…
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AVG Members Report Confusion Over Bank ‘Suspension’
AdViewGlobal (AVG), which purports to be a professional advertising company operating as a private association headquartered offshore, appears to have mangled an announcement that its bank account was “suspended.” The suspension announcement was made Monday, March 23. On Friday, March 20, AVG members said Chief Executive Officer Gary Talbert had resigned but would continue with…
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Our Take On ‘Rebates Aren’t Guaranteed’: What’s Yours?
A few days ago one of our readers noted that the AdSurfDaily case is much more interesting than, say, the Bernard Madoff case. We agree. The Madoff case was about the collapse of a Ponzi at the point of maximum strain. Strain on the general economy is what brought Madoff down. He simply ran out…
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BREAKING NEWS: AVG Loses Banking Privileges
UPDATED 5:09 P.M. EDT (U.S.A.) AdViewGlobal (AVG), a surf site with close ties to AdSurfDaily, reportedly has lost its banking privileges. The event occurred as AVG was running a 200-percent, matching-bonus program. The news is not posted on AVG’s main webpage. It is posted on a forum some of the Mods and members of the…