Category: Alleged Ponzi Schemes
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BREAKING NEWS: FBI Serves Papers On Stanford For SEC; Antigua Calls For Calm; BizAdSplash Asks Customers For More Money, Promotes 100 Percent ‘Matching’ Bonus Program
FBI agents today located financier R. Allen Stanford in Virginia and served papers on him at the behest of the Securities and Exchange Commission. Stanford was not taken into custody. The SEC issued a statement: “At the request of the SEC, Special Agents of the Federal Bureau of Investigation’s Richmond Division today located and identified…
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Surf’s Up Deletion Raises Quid Pro Quo Questions
UPDATED 1:22 P.M. EST (U.S.A.) Earlier this month a photo of Olympic swimmer Michael Phelps holding a bong sparked a firestorm, which ultimately led to a public apology from the celebrated gold medalist. Phelps subsequently was fired by Kellogg Co. because it cherished its brand and didn’t want the cereal- and snack-eating children of America…
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Noobing Removes References To Rachel Ray, Red Cross From Surf Website; Members Blast Firm In Forums
UPDATE 9:08 A.M. EST (FEB. 19 U.S.A.) After having gone missing yesterday, entries below “Noobing Rotator’s Top Rated Sites” on Noobing’s main page have returned. But previous entries for Rachel Ray, the Red Cross, Omaha Steaks and OrganicConsumers no longer are there. Here, below, our earlier post . . . Controversial surf site Noobing has…
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ASD: A Thimble, A Pinhead And A Quark Before Nothingness
UPDATED 10:21 A.M. EST (U.S.A.) Tomorrow will mark an important anniversary in the AdSurfDaily Ponzi case: the passage of two full months since prosecutors filed a second forfeiture complaint against assets tied to the firm. Neither ASD President Andy Bowdoin nor members of his family from whom property was seized has filed a claim. No…
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BREAKING NEWS: Feds Charge Billionaire Allen Stanford With Running Massive Offshore Fraud Scheme In Antigua
Antigua was very much on the minds of members of AdSurfDaily Inc. after Andy Bowdoin told investigators last summer the company had more than $1 million on deposit in the Caribbean island nation of Antigua, a 108-square-mile country with a history of lax banking standards. The money was not in ASD’s name, according to prosecutors.…
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Noobing Had ‘Deaf Sales Team’ And Strong YouTube Presence
UPDATE 4:16 P.M. EST (U.S.A.) The Noobing domain — www.noobing.com — is now back online. It had been offline for more than an hour, throwing this error message: “The remote name could not be resolved: ‘gonoobing.blogspot.com.’ What caused this and why the domain tried to resolve to a Blog instead of the sales website are…
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‘Noobing’ Autosurf Has Hearing-Impaired Clientele; Surf Blames Slashed Payouts On Unclear Ruling In ASD Ponzi Case
UPDATED 9:11 PM. EST (U.S.A.) An autosurf excoriated in forums for slashing payouts has hearing-impaired clients, according to several videos on YouTube. At least 15 of the YouTube videos feature sign language and appear to have been created by hearing-impaired members of Noobing. Many of the videos use the word “Noobing” — coupled with the…
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EDITORIAL: Cancel Their Ponzi Ticket, Sen. Leahy
Four more U.S. banks failed yesterday. Three failed on the previous Friday. Thirteen have failed year-to-date. To say this is unsettling is to grossly understate the severity of the banking problem and the drag on the U.S. and world economies. Stories about Ponzi schemes and mortgage fraud are in the news daily. The obvious fear…
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Bill McCollum, Florida Attorney General, Seeks Tougher Securities Laws, Even As ASD Faithful Work Against Him
While some members of the “Surf’s Up” Pro-ASD forum are sending letters to Sen. Patrick Leahy (D.-Vermont)Â in a bid to get him to endorse Ponzi schemes, Florida Attorney General Bill McCollum is working with legislators to strengthen securities and fraud laws. And McCollum also is working with AARP to strengthen the laws. Last year,…
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Judge Scolds Ponzi Operator Who Fleeced Millions From Victims, Including Seniors Who Plowed Life Savings Into Scam
In a North Dakota Ponzi case, former insurance salesman Larry Atkins was charged with 78 felonies. Authorities said he ran a Ponzi scheme that stole more than $3 million from at least 30 victims, including senior citizens and vulnerable adults. Some of the elements of the Atkins’ Ponzi are similar to the alleged AdSurfDaily Ponzi,…
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BREAKING NEWS: Court Rejects Richmond Appeal Bid In Criminal Contempt Of Court Case For Threatening Judges
UPDATED 10:34 A.M. EST (U.S.A.) The U.S. Court of Appeals for the 9th Circuit (Pasadena) has denied Curtis Richmond’s bid to have criminal contempt of court charges for threatening federal judges dismissed. Richmond argued that he was denied his right to a speedy trial. The appeals court rejected his argument, but the effect of the…