PatrickPretty.com

Category: Alleged Ponzi Schemes

  • RateMyVanity.com, Inspired By Madoff Attire, Coming Soon; Readers Will Rate Newsmakers’ Vanity

    RateMyVanity.com covers news from the worlds of entertainment, media, politics, business and sports, asking readers to rate how they perceive the vanity of newsmakers. Select stories will include a vanity poll. Read the News Release. The site was inspired by the Bernard Madoff case, particulary the garb he selected on the date of one of…

  • 2008 Concluded With ‘Ponzi-Equals-Pain’ Message

    Dear Readers, Our best to you with the dawning of the new year — and our thanks for making this Blog one of your stopping points. If you have a moment in the coming days, think about leaving a comment that answers this question: What will you remember most about 2008? One of the things…

  • MegaLido Members Take A Pounding

    Reports online suggest MegaLido members are receving paltry refunds of less than 10 percent from the payment processors they used to fund their MegaLido accounts The precise percentage of the refunds is unclear. What is clear is that MegaLido is yet another autosurf that went bust. MegaLido was widely promoted by members of AdSurfDaily in…

  • Madoff Displayed Charms Of A Practiced Huckster

    Bernard Madoff was charged with securities fraud Dec. 11. The story about the alleged $50 billion Ponzi scheme hasn’t been out of the news since then — not even for a few hours. Over the weekend we reported that the assets of the Elie Wiesel Foundation had been wiped out in the alleged Madoff fraud.…

  • Elie Wiesel Foundation Wiped Out In Madoff ‘Ponzi’

    In a stunning announcement, the Elie Wiesel Foundation For Humanity said it lost “substantially all” of its assets in the alleged Bernard Madoff Ponzi scheme. It has been known for two weeks that significant foundation money was under Madoff’s management. But the foundation now says it had entrusted $15.2 million to Madoff, in essence the…

  • Bailout Fatigue: Public Restless, But It’s No Reason To Permit Ponzi Schemes

    When the $700 billion U.S. government bailout plan was announced, some people warned it could lead to a slippery slope. Banks, the auto industry and the home-building trade now want a share, and there’s a chance the incoming Obama administration will package a stimulus plan that will trickle down to consumers in the form of…

  • Madoff Case Sparks Talk Of ‘Clawbacks’

    BLOG UPDATE 2:19 P.M. EST (U.S.A.): La Tribune, a French business newspaper, is reporting that a founder of Access International Advisors, a hedge fund with large sums invested with Bernard Madoff, has been found dead in his New York City office building. Rene-Thierry Magon de la Villehuchet, 65, was found this morning. The French newspaper…

  • Ad View Global, New ‘Advertising’ Program, Debuts

    This morning we read an early pitch for Ad View Global (AVGlobal), a new “advertising” company that is coming online in the wake of the $100 million government seizure of assets tied to AdSurfDaily Inc. AVGlobal, according to the promoter’s ad we read, is positioning itself as a guarantee against the recession and poor economy.…

  • EDITORIAL: $7,260 An Hour: The Dangerous Allure Of Autosurfs

    I first learned about Ad Surf Daily and Andy Bowdoin in July, prior to the asset seizure, back when I served as a Moderator at the Warrior Forum. ASD members swore by the company, flocking to the forum in droves when Andy Bowdoin had become a topic of widespread conversation on the Web. Some of…

  • DailyProfitPond: Another Autosurf Offline

    Members of an autosurf known as DailyProfitPond are reporting the website is offline and that they fear they’ve lost their money. DailyProfitPond is yet another autosurf that launched in the wake of the August seizure of tens of millions of dollars and real estate linked to Andy Bowdoin’s AdSurfDaily, also known as ASD Cash Generator.…

  • MegaLido Autosurf, Pushed By ASD Members, Vanishes

    We’ve written previously that members of an autosurf known as MegaLido had reported their support requests had been ignored and they they were seeking refunds from AlertPay and SolidTrustPay. MegaLido members now say the site itself has gone offline.  The paid-to-surf site rose to prominence in the weeks after the government seizure of AdSurfDaily’s assets,…