Category: The Economy
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Garner Says D.C. Court Has No Jurisdiction Over Him In RICO Case; Claims Bowdoin Solely Responsible For AdSurfDaily
Filing as a pro se litigant even though he is an attorney, Robert Garner argued in court filings today that he should be dismissed as a RICO defendant in a complaint brought by members of AdSurfDaily because U.S. District Court for the District of Columbia has no jurisdiction over him. In the motion, Garner argued…
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News And Notes For May 26: AdViewGlobal Website Launch Scrubbed; Site May Invite Scrutiny Of Attorneys General
AdViewGlobal website launch scrubbed. Amid much fanfare, the AdViewGlobal (AVG) autosurf announced it would launch a new website Saturday — and to celebrate AVG would provide what it deemed an “unprecedented” 250-percent matching bonus for members and a corresponding 200 percent match for sponsors. Problems dogged the launch and members grumbled. The new site appeared…
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DEVELOPING STORY: AdViewGlobal ‘Compliance’ Employee Sued Twice Last Year For Noncompliance With Federal Law
A Florida man identified as a “Compliance” employee of the AdViewGlobal (AVG) autosurf was sued twice last year for not complying with federal laws in a business he owns. Gerald Castor and his company, 1st Credit Solutions LLC of Bradenton, Fla., settled one of the cases last month. The lawsuit was brought in June 2008…
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Amid Wire Flap, AdViewGlobal Pitches Mind-Boggling, 250 Percent Match; Members Question Surf’s Management Practices
Signs of the apocalypse? Some members of the AdViewGlobal autosurf are openly fretting that the company’s behavior could be a signal that all is not well. But one AVG loyalist insists things are just fine and that AVG’s problems are being caused by the “greed” of people who know that the surf poses “a threat…
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‘Professor’ Moriarty Started Nonprofit In Name Of Suspect Accused Of Murdering Woman And Shooting Police Officer
UPDATED 4:28 P.M. EDT (U.S.A.) On June 2, 2006, Bryan Tullock ran a stop sign in his white Cadillac and was pulled over by police in Montgomery City, Mo., investigators said. As officer Brandon LyBarger, 25, approached the car shortly after midnight, Tullock shot him four times with a 9-mm handgun and also opened fire…
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BREAKING NEWS: ‘Professor’ Patrick Moriarty Indicted On Tax Charges; ASD Mainstay Simultaneously Battles Cancer
UPDATED 3:39 P.M. EDT (U.S.A.) “Professor” Patrick Moriarty has been indicted on federal tax charges. Parts of the indictment in U.S. District Court for the Eastern District of Missouri were filed under seal March 19. A redacted True Bill charged Moriarty with filing false income-tax returns for the tax years 2002, 2003, 2004 and 2005.…
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BREAKING NEWS: Clerk Records Golden Panda ‘Default’
On Monday, prosecutors filed papers to begin the process of finalizing the default of more than $14 million seized from Bank of America accounts controlled by Golden Panda Ad Builder President Clarence Busby and his daughter, Dawn Stowers. A court clerk today entered a default notice for a total sum of $14,045,598.07. The notice clears…
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AdSurfDaily Downline Group Known As ‘Oneteam’ Repeatedly Used Names Of Government Agencies, Bank Of America In Advertisements For Embattled Andy Bowdoin ‘Surf’ Firm
An AdSurfDaily downline group known as “oneteam” used the names of U.S. government agencies, a Congressionally chartered insurance entity for depositors and Bank of America in what appears to have been a brazen bid to disarm doubting prospects continuously in advertisements for at least 18 months. The ads appeared online beginning in February 2007. Among…
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BREAKING NEWS: Government Seeks Golden Panda Default
As anticipated, the government has filed papers to finalize the forfeiture of more than $14 million seized from Bank of America accounts controlled by Golden Panda Ad Builder President Clarence Busby and his daughter, Dawn Stowers. Busby surrendered claims to the funds in September. Earlier today the government set the official total of funds seized…
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BREAKING NEWS: Government Seized $65.8 Million From Bowdoin Accounts, $14 Million From Busby Accounts
UPDATED 5:13 P.M. EDT (U.S.A.) Federal prosecutors have filed papers that formalize the official total of deposits seized from Bank of America accounts held by AdSurfDaily President Andy Bowdoin and Golden Panda President Clarence Busby. The amounts appear to be significantly higher than believed initially and take into account “credits, and net of offsets that…
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Bowdoin Still A No-Show In RICO Lawsuit; Attorneys For Both Sides Gear Up For What Could Be An Interminable Slog
AdSurfDaily President Andy Bowdoin still hasn’t responded to a Jan. 15 racketeering lawsuit filed against him by three ASD members seeking class-action certification. Meanwhile, Bank of America, a non-RICO defendant accused in the complaint of aiding Bowdoin and others in a fraudulent scheme, has added two additional attorneys who specialize in complex financial litigation to…