Category: The Economy
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Attorney: Guenther Devastated By Felony Conviction, But An ‘Honorable Man’ Who Never Should Have Been Charged
UPDATED 10:26 P.M. EDT (U.S.A.) Bob Guenther never should have been prosecuted for bank fraud in 1994, but accepted a plea deal after a cost-benefit analysis concluded his best chance to minimize a prison sentence was to accept the deal, Guenther’s defense attorney said in a 1996 memo. Guenther pleaded guilty to a single felony…
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In Vague Claim, AVG Says Bank Problem Being ‘Rectified’
In yet another vague claim, AdViewGlobal (AVG) said a problem that resulted in the suspension of its bank account is being “rectified.” AVG did not describe how the problem was being solved. Nor did it provide a date by which it expected the problem to be solved. Instead, under a three-exclamation point headline of, “AVGA…
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BREAKING NEWS: Bowdoin Volunteered Answers To Secret Service, Prosecutors Say; No ‘Miranda’ Violations Occurred
UPDATED 2:26 P.M. EDT (U.S.A.) ASD President Andy Bowdoin voluntarily answered questions during a noncustodial interview with Secret Service agents on Aug. 5, 2008, federal prosecutors said in a court filing today. In fact, prosecutors said, Bowdoin was “quite voluble, and voluntarily so.” The interview occurred while agents were executing a search warrant of Bowdoin’s…
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AVG Members Report Confusion Over Bank ‘Suspension’
AdViewGlobal (AVG), which purports to be a professional advertising company operating as a private association headquartered offshore, appears to have mangled an announcement that its bank account was “suspended.” The suspension announcement was made Monday, March 23. On Friday, March 20, AVG members said Chief Executive Officer Gary Talbert had resigned but would continue with…
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Our Take On ‘Rebates Aren’t Guaranteed’: What’s Yours?
A few days ago one of our readers noted that the AdSurfDaily case is much more interesting than, say, the Bernard Madoff case. We agree. The Madoff case was about the collapse of a Ponzi at the point of maximum strain. Strain on the general economy is what brought Madoff down. He simply ran out…
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BREAKING NEWS: AVG Loses Banking Privileges
UPDATED 5:09 P.M. EDT (U.S.A.) AdViewGlobal (AVG), a surf site with close ties to AdSurfDaily, reportedly has lost its banking privileges. The event occurred as AVG was running a 200-percent, matching-bonus program. The news is not posted on AVG’s main webpage. It is posted on a forum some of the Mods and members of the…
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BREAKING NEWS: BOA Asks Court To Dismiss Claims Against It In RICO Lawsuit Against Bowdoin, Busby, Garner
Bank of America has filed a motion to dismiss claims against it in a class-action racketeering lawsuit against ASD President Andy Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby. BOA was not named a RICO defendant in the lawsuit. Instead, former ASD members Mike Collins of Savage, Minn.; Frank Greene…
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Guenther Was Charged With Financial Fraud In 1990s
The de facto head of the ASD Members Business Association (ASDMBA) Trust was charged by federal prosecutors with 11 counts of bank fraud in July 1994, according to records. Bob Guenther pleaded guilty to a single count in December 1994. In a plea agreement, prosecutors dropped 10 counts. ASDMBA members said Guenther has refused to…
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BREAKING NEWS: ‘PaperlessAccess’ Web Files Mirror ASD
A web page in Google cache from March 12, 2009, that shows information about a new surf program known as Paperless Access is identical in places to a June 16, 2007, archived page for ASD Cash Generator. ASD President Andy Bowdoin introduced members to Paperless Access in a video two days ago, saying the company…
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Members Criticize Bowdoin’s ‘PaperlessAccess’ Video; Some Surf’s Up Posters Say Enough Is Enough
UPDATED 12:15 P.M. EDT (U.S.A.) AdSurfDaily Inc. President Andy Bowdoin once had members eating out of his hand, but his faithful flock now appears to be splintering. Helping drive Bowdoin’s fall from grace is a video in which he positions “Paperless Access,” a company that appears to use a surf model, as a way ASD…
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Prosecutors: Richmond Filing May Lead To ‘Unconscionable’ Delays, Thus Denying ASD’s Rank-And-File Justice
When Curtis Richmond began filing pleadings in the ASD case, the Surf’s Up forum hailed him a hero. Prosecutors see things a different way. A federal judge should not permit Richmond and three others to intervene in the AdSurfDaily forfeiture case because the pleadings “will cause either manifest injustice, unconscionable delay, or both,” federal prosecutors…