-
Stanford/Bowdoin: ‘A Tapestry Of Believable Lies’
Hats off to Houston Chronicle writer Loren Steffy, who explained economically why cons work. A con, Steffy explained, works because the con weaves “a tapestry of believable lies.” It’s a pointed, short, highly memorable line that deserves special mention because it puts readers “right there.” Steffy detailed some of disgraced financier Allen Stanford’s lies in…
-
BREAKING NEWS: Another Major Probe Imminent Amid Extraordinary Assertion That Fund Managers Took Hundreds Of Millions Of Higher-Education Client Dollars And Left IOUs
UPDATE 10:55 P.M. EST (Feb. 22, U.S.A.) We’ve added to the bottom of this post some information about Westridge Capital’s website, which appears to consist of a single page and is amateur by any modern standard. We’ve also associated a second domain to the company. It, too, appears to consist of a single page —…
-
Words That Should Become The New ‘Shot Heard ‘Round The World’ Spoken By Former CFTC Enforcement Chief
By coincidence the words appear in the 13th paragraph of a Chicago Tribune story invoking investors’ sustained lack of luck and reporting on a new series of Ponzi schemes the U.S. Commodity Futures Trading Commission is investigating. The words were spoken by Gregory Mocek, former CFTC enforcement director, and are the most important words spoken…
-
DISCUSSION THREAD: CEP Judgments, Ponzis And The Deaf, Noobing, Andy Bowdoin, Surf’s Up, BizAdSplash Surf, More
UPDATE 2:49 P.M. EST (U.S.A.) At a gathering of creditors today, Irving Picard, the trustee overseeing the liquidation of Bernard L. Madoff Investment Securities, said he could find no evidence that Madoff even purchased securities for customers in the past 13 years. Cash came in — and immediately went out — to sustain the Ponzi,…
-
BREAKING NEWS: FBI Serves Papers On Stanford For SEC; Antigua Calls For Calm; BizAdSplash Asks Customers For More Money, Promotes 100 Percent ‘Matching’ Bonus Program
FBI agents today located financier R. Allen Stanford in Virginia and served papers on him at the behest of the Securities and Exchange Commission. Stanford was not taken into custody. The SEC issued a statement: “At the request of the SEC, Special Agents of the Federal Bureau of Investigation’s Richmond Division today located and identified…
-
Surf’s Up Deletion Raises Quid Pro Quo Questions
UPDATED 1:22 P.M. EST (U.S.A.) Earlier this month a photo of Olympic swimmer Michael Phelps holding a bong sparked a firestorm, which ultimately led to a public apology from the celebrated gold medalist. Phelps subsequently was fired by Kellogg Co. because it cherished its brand and didn’t want the cereal- and snack-eating children of America…
-
Noobing Removes References To Rachel Ray, Red Cross From Surf Website; Members Blast Firm In Forums
UPDATE 9:08 A.M. EST (FEB. 19 U.S.A.) After having gone missing yesterday, entries below “Noobing Rotator’s Top Rated Sites” on Noobing’s main page have returned. But previous entries for Rachel Ray, the Red Cross, Omaha Steaks and OrganicConsumers no longer are there. Here, below, our earlier post . . . Controversial surf site Noobing has…
-
ASD: A Thimble, A Pinhead And A Quark Before Nothingness
UPDATED 10:21 A.M. EST (U.S.A.) Tomorrow will mark an important anniversary in the AdSurfDaily Ponzi case: the passage of two full months since prosecutors filed a second forfeiture complaint against assets tied to the firm. Neither ASD President Andy Bowdoin nor members of his family from whom property was seized has filed a claim. No…
-
BREAKING NEWS: Feds Charge Billionaire Allen Stanford With Running Massive Offshore Fraud Scheme In Antigua
Antigua was very much on the minds of members of AdSurfDaily Inc. after Andy Bowdoin told investigators last summer the company had more than $1 million on deposit in the Caribbean island nation of Antigua, a 108-square-mile country with a history of lax banking standards. The money was not in ASD’s name, according to prosecutors.…
-
Noobing Had ‘Deaf Sales Team’ And Strong YouTube Presence
UPDATE 4:16 P.M. EST (U.S.A.) The Noobing domain — www.noobing.com — is now back online. It had been offline for more than an hour, throwing this error message: “The remote name could not be resolved: ‘gonoobing.blogspot.com.’ What caused this and why the domain tried to resolve to a Blog instead of the sales website are…
-
‘Noobing’ Autosurf Has Hearing-Impaired Clientele; Surf Blames Slashed Payouts On Unclear Ruling In ASD Ponzi Case
UPDATED 9:11 PM. EST (U.S.A.) An autosurf excoriated in forums for slashing payouts has hearing-impaired clients, according to several videos on YouTube. At least 15 of the YouTube videos feature sign language and appear to have been created by hearing-impaired members of Noobing. Many of the videos use the word “Noobing” — coupled with the…
Got any book recommendations?