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BERNIE’S ‘STING’: Frank DiPascali Jr. Pleads Guilty In Madoff Case; Officials Say He Developed Phony Computer Platform That Appeared To Reflect Real Trading
In the movie “The Sting,” accomplice J.J. Singleton read from a surplus tickertape wire into a microphone to create the impression that horse races that already were over were being run live on the radio. J.J.’s bogus radio calls from the back room helped Henry Gondorff and Johnny Hooker fleece Doyle Lonnegan of $500,000 in…
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UPDATE: Receiver In ASI Case Launches Website
Larry Cook, the receiver in the Federal Trade Commission case against Affiliate Strategies Inc., Brett Blackman and several co-defendants, has started a website to inform interested parties. Visit the receiver’s website in the ASI case. The FTC said the defendants were involved in a fraudulent scheme that promised “guaranteed†grants of $25,000 from economic-stimulus funds…
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UPDATE: Vana Blue Website Still Offline; No Pinksheet Stock Activity For Seven Trading Days Amid Maze Of Claims
Not a single share of Vana Blue’s penny stock has traded hands since July 30, a period of seven full trading days, according to Yahoo Finance. In news releases, Vana Blue identified itself as the owner of eWalletPlus, a payment processor later linked to the AdViewGlobal (AVG) autosurf. Vana Blue, which used mailing services in…
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AdGateWorld Joins AVG, BAS In No-Pay Surf Lineup
Members of AdGateWorld (AGW) are complaining today that the surf is not paying rebates. AGW now joins AdViewGlobal (AVG) and BizAdSplash (BAS) in the nonpaying lineup. All three surfs launched in the aftermath of the seizure of tens of millions of dollars last year from Florida-based AdSurfDaily Inc., amid allegations of wire fraud, money-laundering, engaging…
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DEVELOPING STORY: Sheriff’s Department, Deputy, County Attorney Sued For Not Accepting Bids In Gold And Silver At Foreclosure Sale In Pennsylvania
EDITOR’S NOTE: We previously have reported that some members of AdSurfDaily Inc. and AdViewGlobal are part of a subculture that views the Federal Reserve and banking in general as illicit operations. Some members, for example, have been involved in the credit-repair industry and have been parties in lawsuits against the government and/or individual banks and…
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And The Ponzis Will Die As One . . .
Dear Readers, Two days ago we received a note from a woman who identified herself as a member of AdViewGlobal (AVG). The note was intended for publication, but we declined to publish it. The woman described herself as angry about developments at the surf. We would have published the note, except for one thing: The…
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UPDATE: Noobing Surf Site Offline As FTC Fraud Case Against Affiliate Strategies Inc. Proceeds; Receiver Appointed And Expected To File Preliminary Report Soon
A receiver has been appointed in the case against Affiliate Strategies Inc. (ASI) and Brett Blackman, ASI’s president, chief executive officer and founding partner. Noobing, a surfing site, is in the ASI fold, but has not been named a defendant. Regardless, the Noobing site is offline. A federal judge has granted a freeze of ASI’s…
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BREAKING NEWS: Judge Grants Bowdoin Request For More Time, As AdSurfDaily Negotiates With Prosecutors
A federal judge has granted Andy Bowdoin more time to respond to an order to show cause. Judge Rosemary Collyer said Bowdoin and AdSurfDaily Inc. could have until Aug. 28 to show cause why its motion to reverse Bowdoin’s decision to forfeit tens of millions of dollars to the government should not be denied. The…
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DID SURF FIRM JUST MAKE HISTORY? AdViewGlobal Says It Filed State, Federal Complaints About $2.7 Million Theft; Surf Wants New CFO, Compliance Officer, Department Managers; Asks Members To Keep Surfing
UPDATED 12:03 P.M. EDT (U.S.A.) One day after AdSurfDaily Inc. revealed in court filings that it was negotiating with federal prosecutors, the AdViewGlobal (AVG) autosurf announced it had been the victim of a $2.7 million theft. AVG, which purports to be headquartered in Uruguay, said it reported the theft to state and federal authorities. If…
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EDITORIAL: The End Of Wink-Nod
One year ago today, the U.S. Secret Service arrived in the small town of Quincy, Fla., and changed history. By executing a search warrant at the headquarters of AdSurfDaily Inc. — and going about their business in very public fashion — agents sent the message that the so-called autosurf “industry” no longer had a safe…
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BREAKING NEWS: Federal Judge Denies Curtis Richmond’s Disqualification Motion In ASD Case; Motions To Set Aside Forfeiture By Three Other Pro Se Litigants Also Denied
UPDATED 3:40 P.M. EDT (U.S.A.) A federal judge said she will not recuse herself from the AdSurfDaily forfeiture case and has denied a motion by Curtis Richmond to disqualify herself. Meanwhile, the judge also denied motions by other pro se litigants in the ASD case. Richmond filed the motion to disqualify Judge Rosemary Collyer, claiming…
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