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BREAKING NEWS: Motions To Intervene Pour In
UPDATED 8:19 P.M. EDT (U.S.A.) Motions to intervene in the civil forfeiture case against AdSurfDaily Inc. are pouring into U.S. District Court for the District of Columbia. The motions are filed pro se and may be the result of an organized effort by an AdSurfDaily upline. The motions claim the government now owes ASD members…
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Rumor Mill Working Overtime In AdSurfDaily Case
Reports that the government has been given until Aug. 28 to demonstrate AdSurfDaily is a Ponzi scheme are false. The false reports have been circulating among ASD members and are driven by at least one upline sponsor. Fact is, ASD President Andy Bowdoin has been given until Aug. 28 to show cause why his motion…
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People Close To AVG Money Had Large Bankruptcies
UPDATED 11:18 A.M. EDT (U.S.A. AUG. 25) Two men identified as having significant positions of financial trust inside AdViewGlobal (AVG) discharged more than $1.6 million in separate bankruptcy filings, records show. One man used a mail drop as his street address in a 2004 bankruptcy filing that discharged $261,474 while claiming only $6,375 in assets,…
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EDITORIAL: Bowdoin’s Public Support Largely Has Vanished
In 2006 and 2007, AdSurfDaily Inc. used the services of Virtual Money Inc., a debit-card provider accused last year of laundering money for a major narco business in Medellin, Colombia. ASD also has been linked to the CEP Ponzi scheme, the PhoenixSurf Ponzi scheme (which also used Virtual Money debit cards), the 12DailyPro Ponzi scheme…
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BREAKING NEWS: Receiver In ASI/Brett Blackman Case Delivers Devastating Preliminary Report; Noobing Autosurf Identified As Part Of ASI Affiliate Fold And Was Registered In Nevis; Belize Used For Other Firm
A receiver appointed to review financial records of Affiliate Strategies Inc. and related companies named defendants in a fraudulent government-grants scheme last month advised a federal judge that the companies were insolvent and had less than one day’s operating cash requirements in their bank accounts. Astonishingly, receiver Larry Cook advised U.S. District Judge Julie A.…
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SOURCE: Andy Bowdoin Was Head Of AdViewGlobal; Secret Service Seized Computer Used By Insider; Money Missing From Firm; Arizona Authorities Involved; Surf Immersed In Sea Of Uncertainty As Patriarch Deflects Blame
EDITOR’S NOTE: Information in this story was gleaned Tuesday and Wednesday from a source who spoke to the PatrickPretty.com Blog on the condition of anonymity. We interviewed the source Wednesday. The source said a large group of individuals once loyal to Andy Bowdoin no longer could stand in his corner. “We got mixed up in…
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BOMBSHELL: Drug Enforcement Administration Reportedly Has Photographic Evidence That Man Who Provided Debit Cards To AdSurfDaily And Other Surfs Accepted Cash To Launder Money Offshore In Narcotics Sting
UPDATED 10:56 P.M. EDT (U.S.A.) Autosurf participant? Fan of international “stored value” debit cards to offload your profits? You should have a lump in your throat about the size of, say, the Dominican Republic right now. The U.S. Drug Enforcement Administration (DEA) has audio and photographic evidence of Virtual Money Inc. President Robert Everett Hodgins…
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Readers Digest To Declare Bankruptcy
UPDATED 9:24 A.M. EDT (U.S.A.) “Life in These United States” now means that staid Reader’s Digest, hamstrung by debt during a recession and competing in an era unfriendly to print publications, will declare bankruptcy. The news comes on the heels of an announcement Friday by the FDIC that five more U.S. banks had failed, bringing…
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BREAKING NEWS: Vana Blue Inc. Says Karveck International Deal Is Off; News Release Raises New Questions About Ownership Of AdViewGlobal Autosurf
UPDATED 2:55 P.M. EDT (U.S.A.) In a short Business Wire news release late this morning, Vana Blue Inc. said it “has canceled all agreements with Karveck Int’l and has no affiliation with [the] company or its affiliates.” The company claimed to own Karveck International in February 2009, declaring it a “newly acquired asset” that had…
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DEVELOPING STORY: Firm That Provided AdSurfDaily Debit Card Indicted; Feds Say Virtual Money Inc. Helped Colombian Drug Operation Launder Money In Medellin
UPDATED 9:49 A.M. EDT (U.S.A.) A Dallas-based company and its president were charged in a sealed indictment in April 2008 with helping a Colombian cocaine operation launder money by providing debit cards that were used to convert drug proceeds to cash in Medellin. The company — Virtual Money Inc. — once provided debit cards to…
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EDITORIAL: Members Turn On Each Other As 11th Hour Dawns For Andy Bowdoin And AdSurfDaily Inc.
The coming hours and days may mark the end of AdSurfDaily. Fragmentation, fractiousness and bitterness are marking ASD’s final descent into infamy. Steve Watt of TheJoyLuckClub, for instance, is accusing the Mods at the Pro-ASD Surf’s Up forum of covering up for Andy Bowdoin and AdViewGlobal (AVG), an offshoot of ASD. We wish we could…
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