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Yet Another Senior Citizen Guilty In Ponzi Scheme That Targeted Fellow Seniors; Crime Was ‘Ruthlessly’ Executed, NJ Attorney General Anne Milgram Says

A New Jersey financial adviser who created a sham company and operated it for 17 years has pleaded guilty to five felony counts of mail fraud, federal prosecutors said. Separately, state prosecutors announced a guilty plea to a felony charge of money-laundering. Maxwell B. Smith, 69, of Fairhaven, operated a Ponzi scheme that consumed more…

Nov 23, 2009
BLACK COMEDY EMERGES: Petition To Disbar Ponzi Figure Rothstein Arrives At Florida Supreme Court; Lawyer’s Victims Portrayed Unsympathetically In Some Media Accounts; Reporters Dredge Up Old SLAPP Lawsuit

UPDATED 9 P.M. ET (U.S.A.) The alleged Ponzi scheme operated by Fort Lauderdale attorney Scott Rothstein is the stuff from which lawyer jokes are made. It is enough to make the Atticus Finch wing of the trade long for the days in which being a lawyer meant you were special — and being special meant…

Nov 22, 2009
‘3 Hebrew Boys’ Guilty In $82 Million Ponzi/Affinity Fraud Scheme; Company Operated In Fashion Similar To AdViewGlobal Autosurf, Imploring Members To Maintain Secrecy

In yet another case that may cause widespread unease in the autosurf world, three men accused of defrauding participants in a bogus debt-relief “ministry” have been found guilty of 174 counts of mail fraud, money-laundering and transporting stolen goods. Parts of the case against “3 Hebrew Boys” were remarkably similar to events engulfing the AdSurfDaily…

Nov 21, 2009
BEYOND BIZARRE: California Man Arrested For Soliciting Teen To Spit In His Face For Cash; Police Say Crime Began On MySpace And Ended In A Sting Operation

UPDATED 4:27 P.M. ET (FEB. 8, 2012 U.S.A.) Charles Hersel informed the PP Blog today that he has been acquitted of the charges. The AP is confirming the acquittal. Here, below, our earlier story . . . A California man was arrested on charges he paid a teenager $31 to spit in his face, authorities…

Nov 20, 2009
BREAKING NEWS: Louisiana Man Indicted In Alleged $20 Million Ponzi Scheme Targeting Senior Citizens; Prosecutors Allege Witness Tampering, Obstruction

UPDATED 9:44 P.M. ET (U.S.A.) A Louisiana man has been charged in a 64-count indictment with operating a $20 million Ponzi scheme that fleeced retirees, federal prosecutors said today. So many fraud counts were filed against Matthew B. Pizzolato that he faces more than 1,100 years in prison if convicted of all of them. As…

Nov 20, 2009
BREAKING NEWS: Judge Suggests ASD Forfeiture Could Occur Before Christmas; Finds Bowdoin ‘Knowingly And Voluntarily’ Released Claims To $65.8 Million

Will the August 2008 forfeiture case against $65.8 million in the personal bank accounts of AdSurfDaily President Andy Bowdoin end before Christmas? A federal judge suggested today that it might. Bowdoin, 74, knew what he was doing when he submitted in January 2009 to the forfeiture of the cash and “knowingly and voluntarily” agreed never…

Nov 20, 2009
BREAKING NEWS: Bowdoin Family Knew About December Forfeiture Complaint A Month Prior To Launch Of AdViewGlobal; AdSurfDaily-Connected Assets Seized In December ’08 Case Prepped For Sale

Even though Andy Bowdoin and his family knew in January 2009 that the government intended to seize the Tallahassee home of his stepson George Harris and an $800,000 building purchased with cash in ASD’s home city of Quincy, Fla., the AdViewGlobal (AVG) autosurf proceeded with its launch in February 2009, according to an analysis of…

Nov 20, 2009
BREAKING NEWS: Prosecutors Allege Ponzi Murder Plot; Jeffrey Lane Mowen Accused Of Soliciting Prisoner To Kill Witnesses In Multimillion-Dollar Case Against Him

EDITOR’S NOTE: In August, a poster here who defended autosurf Ponzi schemes demanded readers to “show me one time where the [U.S. government] has even started a lawsuit or ‘gone after’ a company off shore.” The post concerned the AdVentures4U (ADV4U) autosurf, which, like a number of autosurfs, claimed legal ties to Panama. Promoters said…

Nov 19, 2009
Amid Ponzi Swirl, Scott Rothstein Disbarred For Life

Florida attorney Scott Rothstein became famous in the environs of Miami and Fort Lauderdale for both puffing on and stockpiling cigars. But he’ll no longer have the opportunity to seek to impress members of the Florida Bar as a cigar aficionado. In fact, even his days as a purported legal aficionado have come to an…

Nov 18, 2009
BREAKING NEWS: Prosecutors Ask Judge To Order Forfeiture Of Bowdoin’s Quincy Residence, Tens Of Millions Of Dollars Seized From Bank Accounts

Federal prosecutors have asked a federal judge to order the formal forfeiture of more than $65.8 million seized from 10 bank accounts in the personal name of AdSurfDaily President Andy Bowdoin. Prosecutors also asked for a forfeiture order covering Bowdoin’s residence at 8 Gilcrease Lane in Quincy, Fla. “Plaintiff applies for a default judgment and…

Nov 18, 2009
BREAKING NEWS: Secret Service Feared Bowdoin Would Flee Country After Moving Money Offshore And Relinquishing His Interest In Golden Panda Ad Builder

The U.S. Secret Service feared AdSurfDaily President Andy Bowdoin had become aware of scrutiny into his business affairs and planned to flee the country, according to a 37-page affidavit originally filed under seal in the case. Meanwhile, the affidavit revealed that a key Secret Service investigator in the case formerly was a member of a…

Nov 18, 2009