PatrickPretty.com

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  • 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,…

  • SEC Says It Missed Chance To Unravel Madoff Scheme; Probe Indicates Madoff Cooked Books And Falsified Docs

    BLOG UPDATE 12:12 P.M. EST (U.S.A.): A bail hearing for Bernard Madoff rescheduled for today has been canceled. Madoff was ordered last week to produce two additional co-signers to guarantee his $10 million bail, but was unable to come up with them. A federal judge, with consent of the prosecution, now has ordered Madoff placed…

  • Bowdoin/Madoff Alleged Ponzis: Just ‘Andy’ And ‘Bernie’

    UPDATE 1:03 PM EST (U.S.A.): Quoting Stephen Harbeck, president and chief executive officer of the Securities Investor Protection Corp. (SIPC), Bloomberg News is reporting that Bernard Madoff’s financial records are “utterly unreliable.” We’ve added a link at the bottom of the post. Here, below, our earlier post . . . If you’ve been following the…

  • SIPC To Liquidate Bernard L. Madoff Investment Securities

    A federal judge has appointed a trustee to liquidate Bernard L. Madoff Investment Securtites under the auspices of the Securities Investor Protection Corp. (SIPC). SIPC went to court earlier today to seek liquidation. Irving H. Picard will serve as trustee. The law firm of Baker & Hostetler will serve as counsel to Picard. “I will…

  • BREAKING NEWS: AdSurfDaily Says Judge Lacks Jurisdiction

    AdSurfDaily Inc. has filed a defense in the civil-forfeiture case brought by the U.S. Secret Service and federal prosecutors in Washington, D.C. The firm is asking for a jury trial. Among the most interesting defenses is that the case was brought in the wrong court — U.S. District Court for the District of Columbia —…

  • Bowdoin, Busby, Garner: Still No Attorneys In RICO Case

    Nearly a month after being named defendants in a civil racketeering lawsuit filed in Florida, Ad Surf Daily President Andy Bowdoin, Golden Panda President Clarence Busby and ASD attorney Robert Garner have not filed notice with the court naming their attorneys. Such notices typically are filed by the attorneys themselves and are designed to notify…

  • Madoff Victims Include Foundations, Business And Entertainment Icons, Mom And Pop

    The foundation of Nobel laureate Elie Wiesel and a charity operated by Hollywood icon Steven Spielberg were among the potential victims of Bernard L. Madoff Investment Securities, the Wall Street Journal reported today. Madoff, 70, was arrested last week. He is charged with defrauding investors and acknowledged he’d been running a giant investment Ponzi scheme…

  • Two Friday Bank Failures Will Cost FDIC $212.5 Million

    Some of our readers have been following the AdSurfDaily case, which involved the seizure of nearly $100 million by the U.S. Secret Service amid allegations that ASD was running a Ponzi scheme while calling itself an advertising company. One of the roles of the Secret Service is to protect U.S. economic health and the health…

  • Transition Update: Some Glitches, But Not Bad So Far

    Update on website porting . . . There have been spot outages and mismatch issues as the domain propagates anew. We’re in the process of porting files and reconstituting the site. We noticed our friends at scam.com missed our picture. Here’s hoping this will suffice for now. :-)