Category: Alleged Ponzi Schemes
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EDITORIAL: Welcome To The Age Of The Portable Ponzi
UPDATED 3:09 P.M. EST (U.S.A.) Talk about a message at odds with itself. Yesterday AdViewGlobal, which does not identify its owners and claims it has no affiliation with AdSurfDaily Inc., revealed its chief executive officer also is or was an executive at ASD (emphasis added): “Since Mr. [Gary] Talbert was and is the C.E.O. for…
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AdViewGlobal Claims Web Reporter Got It All Wrong, Denies Link To AdSurfDaily Inc., Chides TheJoyLuckClub For Report
UPDATED 5:27 PM. EST (U.S.A.) A new autosurf company that refuses to disclose its ownership, claims to be registered in Uruguay, operates servers that resolve to Panama — and has a horde of U.S.-based affiliates who were former members of AdSurfDaily Inc. — has denied any ties to ASD. Sort of. A link placed this…
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When Words Fail: ‘Stunning’ Can’t Describe ASD Disconnect
The level of disconnect is stunning — and it is accompanied by a level of brazenness that is equally stunning. In fact, stunning understates it; it is more like an unapologetic, myopic commitment to felonious self-indulgence. But what would you expect from a group whose motto is “ASD — Keep Fighting The Good Fight!” There…
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Video Shows AdViewGlobal Graphics Were Removed From AdSurfDaily Webroom
In this post, we showed you a screen shot of the AdSurfDaily webroom showcasing AdViewGlobal, a new autosurf. Scam.com and at least one other website featured graphics on the same topic today. We kept our browser window open after we made the screen shot, thinking that word would get around and that the ASD webroom…
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ASD, AdGateWorld, AdViewGlobal — In Pictures
AdSurfDaily Inc. and other firms and individuals linked to the autosurf trade have been named defendants in a class-action racketeering lawsuit. Among the allegations is that ASD was a participant in schemes beyond its own autosurf Ponzi scheme and was engaged with co-conspirators in a pattern of racketeering. Here is part of the ASD story…
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BOLO Clarence Busby? Reader Puzzled By RICO Defendant’s Absence; Says Busby Out Of Touch For ‘Months’
Should the government and litigants be on the lookout for Clarence Busby? He hasn’t been charged with a crime and, in September, he surrendered his claims to money seized by the U.S. Secret Service as part of its probe into the alleged criminal business practices of his company, Golden Panda Ad Builder of Acworth, Ga.…
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BREAKING NEWS: Bowdoin, Busby, Garner, BOA Sued Anew
UPDATED 7:42 P.M. EST (U.S.A.) Individuals associated with AdSurfDaily Inc. have been sued in U.S. District Court in Washington, D.C. The complaint alleges racketeering, and names Bank Of America a defendant for aiding and abetting the scheme. BOA was not named a RICO defendant. The case was brought by Mike Collins of Savage, Minn.; Frank…
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ASD Members International Dissolved
It came online a few months ago with the strange promise it would litigate against government entities involved in the AdSurfDaily case — even if they were behaving legally. If lawsuits didn’t work, then perhaps it would see about having prosecutors charged with crimes. But ASD Members International (ASDMI), a nonprofit registered in Missouri, is…
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Bowdoin/Madoff Comparison: Is It Fair?
Last night we received a note from a reader who had a bone to pick: He advised us, seemingly politely, that ASD was not an “autosurf.” Rather, he said, it was a “manual surf.” There was a whiff of passive-aggressiveness in the note: He informed us that he did not desire to “address your blog”…
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Gadfly Prison Inmate Jonathan Lee Riches Enters Madoff Fray; Files Motion To Intervene In Bankruptcy Case
Veteran court watchers might have wagered it was only a matter of time before Jonathan Lee Riches filed a motion in the Bernard Madoff bankruptcy case. Had you placed a friendly wager, you’d be a winner. Riches’ brief was recorded yesterday. He called it an “Amicus Curaie” motion to gain standing with the Court. Riches,…
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Seniors In Gallery Of Ponzi Rogues; Grandpa Breaks Bad
We noted Sunday that a startling number of senior citizens have been implicated in Ponzi schemes or accused of monumental financial misdeeds. Featured in this graphic are (left to right): Andy Bowdoin, president of fundamentally defunct AdSurfDaily Inc. of Quincy, Fla.; Bernard Madoff, head man at fundamentally defunct Bernard L. Madoff Investment Securities of New…