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ASD ECHO CHAMBER? Bizarre Ponzi Case That Included Apparent ‘Sovereign Citizens’ And Crackpot Legal Theories Ends With Spectacular Total Of 465 Guilty Verdicts Against Final 2 Defendants

UPDATED 7:57 P.M. EDT (U.S.A.) It featured a Ponzi huckster touting a can’t-miss earnings scheme in an Internet video. For good measure, it featured apparent “sovereign citizens,” crackpot claims that U.S. law did not apply to the scheme and incongruous claims that the scheme had passed muster with the SEC. It also included a failed…

Aug 9, 2011
BULLETIN: FLORIDA — AGAIN: Destroying Hope Through Wordplay: 4 Men Arrested In Alleged Loan-Modification Scam That Used ‘HOPE’ As Acronym; Fraudsters Sucked More Than $3 Million From Distressed Homeowners In Part By Claiming To Be Nonprofit, Feds Say

BULLETIN: Federal agents from the Special Inspector General’s Office for the Troubled Asset Relief Program (SIGTARP) have arrested four Florida men on charges they collected millions of dollars from financially distressed homeowners in a loan-modification scam that claimed to be a legitimate nonprofit business. Arrested this morning in Florida on federal criminal charges filed in…

Aug 9, 2011
BULLETIN: Judge Finds That Purported Forex ‘Experts’ Used Bogus Website, Former High School Coaches And J.C. Penney Sales Clerks In Scheme That Funneled Millions To Ponzi Schemer Now Jailed With Bernard Madoff

EDITOR’S NOTE: Both the CFTC and SEC have encountered incredibly elaborate fraud schemes — some with elements that only can be described as bizarre and deeply disturbing. The story below is based on a fraud case brought by the CFTC against Gary D. Martin and Brenda K. Martin of St. Augustine, Fla. The Martins are…

Aug 9, 2011
URGENT >> BULLETIN >> MOVING: Judge Declares Mantria Corp. A ‘Smoke And Mirrors’ Ponzi Scheme, Says Troy Wragg And Amanda Knorr-Led Firm Acted With ‘Sociopathic Greed’; Defendants ‘Shamelessly’ Raised $54.5 Million Through ‘Blatant Lies’

URGENT >> BULLETIN >> MOVING: Using direct, no-nonsense language, U.S. District Judge Christine M. Arguello has ruled Mantria Corp. a Ponzi scheme that operated with “sociopathic greed” to defraud investors of millions of dollars. Some investors were encouraged to drain equity in their homes to invest with Mantria, according to the ruling. The ruling was…

Aug 8, 2011
UPDATE: CenturionWealthCircle, ‘Program’ Pushed By Club Asteria Cheerleaders On The Ponzi Boards, May Be Trying To Address Ponzi Collapse By Implementing ‘Feeder’ Ponzi; ASD Tried The Same Thing, Only With ‘Autosurfs,’ Court Filings Say

CenturionWealthCircle (CWC) appears to be moving from the ridiculous to the absurd, fueled in no small measure by serial, wink-nod scammers on the Ponzi boards. Members of Club Asteria, an “opportunity” that suspended cashouts weeks ago amid reports its PayPal account had been frozen, were among CWC’s early cheerleaders. Club Asteria promoters also have been…

Aug 8, 2011
REPORTS: Amway Offices Raided By Police In India; Media Outlets Say News Photographer Covering Police Action Was Detained By Amway Staff

BULLETIN: Multiple news organizations in India are reporting that police have conducted raids at nine Amway offices in India amid allegations of cheating and money-chain fraud. Early reports say that a news photographer covering the raid was detained by Amway India staff and that the photographer’s camera and baggage were seized by the staff. The…

Aug 7, 2011
URGENT >> BULLETIN >> MOVING: Former Major League Baseball All-Star Doug DeCinces Charged With Insider Trading; Attorney, Physical Therapist And Businessman Who Knew Longtime Third Baseman Charged In Same Case

URGENT >> BULLETIN >> MOVING: Former Major League Baseball star Doug DeCinces, who threw out the honorary first pitch last night at a game between the Los Angeles Angels of Anaheim and the Minnesota Twins, today was charged with insider trading by the SEC. Also charged in the civil case were attorney Fred Scott Jackson,…

Aug 4, 2011
BULLETIN: Attorney Pleads Guilty In $47 Million ‘Bond’ Ponzi Scheme That Caused Arkansas Bank To Collapse; ‘Fraud, Whether Of This Magnitude Or Not, Cannot Be Tolerated,’ U.S. Attorney Christopher R. Thyer Says

BULLETIN: An Arkansas attorney and businessman caused a bank to collapse with his $47 million Ponzi scheme involving the sale of fraudulent bonds, federal prosecutors said. Kevin Harold Lewis, 43, of Little Rock, pleaded guilty to a federal charge of bank fraud after waiving indictment, prosecutors said. First Southern Bank, an FDIC-insured institution, collapsed after…

Aug 4, 2011
DATA SHAPING? Bowdoin Email ‘Blasts’ To 77,000 Members Delayed In Favor Of Purported ‘Soft Launch’

Late Tuesday, a fundraising email attributed to accused Ponzi schemer Andy Bowdoin of AdSurfDaily acknowledged that an advertised email “Blast” to 77,000 ASD members that was supposed to have occurred on Monday — the third anniversary of the Aug. 1, 2008, ASD-related asset seizures — had not occurred. What actually occurred, according to the email,…

Aug 4, 2011
STATEMENT: PP Blog Experiencing Unusual Circumstance

The PP Blog is experiencing an unusual circumstance that has affected operations throughout the day. Data suggest the circumstance presented itself in the early morning hours. An engineer is addressing the problem, which has persisted into the evening and appears to involve rogue traffic that is affecting the site in multiple ways.

Aug 3, 2011
UPDATE: No Reports Received Of Andy Bowdoin Email ‘Blast’ That Had Been Scheduled For Aug. 1, Third Anniversary Date Of AdSurfDaily-Related Asset Seizures (And Also Third Anniversary Of Total Eclipse Of The Sun)

UPDATED 11:23 A.M. EDT (U.S.A.) Yesterday marked the third anniversary of the seizure of tens of millions of dollars from the personal bank accounts of AdSurfDaily President Andy Bowdoin amid allegations he was presiding over an international autosurf Ponzi scheme from a former floral shop in Quincy, Fla. Although some ASD members had received an…

Aug 2, 2011