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Is The ‘Noobing’ Autosurf Beginning To Tank?
UPDATED 12:37 P.M. EST (U.S.A.) Members of an autosurf named “Noobing” are beginning to complain about “low” rates of return. Is the surf trying to horde cash? Noobing members are complaining publicly about “bait and switch.” They were attracted to the program by suggestions of returns of up to 3 percent a day, but the…
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EDITORIAL: Cancel Their Ponzi Ticket, Sen. Leahy
Four more U.S. banks failed yesterday. Three failed on the previous Friday. Thirteen have failed year-to-date. To say this is unsettling is to grossly understate the severity of the banking problem and the drag on the U.S. and world economies. Stories about Ponzi schemes and mortgage fraud are in the news daily. The obvious fear…
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Reports: U.S. Regulators Probing Bank In Antigua
Multiple media outlets — including Bloomberg News, the Associated Press and Business Week — are reporting that the Securities and Exchange Commission, the Financial Industry Regulatory Authority and the Florida Office of Financial Regulation are investigating Stanford Financial Group. At issue is the extraordinary rate of return advertised by Stanford International Bank Ltd. (SIB), an…
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Bill McCollum, Florida Attorney General, Seeks Tougher Securities Laws, Even As ASD Faithful Work Against Him
While some members of the “Surf’s Up” Pro-ASD forum are sending letters to Sen. Patrick Leahy (D.-Vermont)Â in a bid to get him to endorse Ponzi schemes, Florida Attorney General Bill McCollum is working with legislators to strengthen securities and fraud laws. And McCollum also is working with AARP to strengthen the laws. Last year,…
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Judge Scolds Ponzi Operator Who Fleeced Millions From Victims, Including Seniors Who Plowed Life Savings Into Scam
In a North Dakota Ponzi case, former insurance salesman Larry Atkins was charged with 78 felonies. Authorities said he ran a Ponzi scheme that stole more than $3 million from at least 30 victims, including senior citizens and vulnerable adults. Some of the elements of the Atkins’ Ponzi are similar to the alleged AdSurfDaily Ponzi,…
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BREAKING NEWS: Court Rejects Richmond Appeal Bid In Criminal Contempt Of Court Case For Threatening Judges
UPDATED 10:34 A.M. EST (U.S.A.) The U.S. Court of Appeals for the 9th Circuit (Pasadena) has denied Curtis Richmond’s bid to have criminal contempt of court charges for threatening federal judges dismissed. Richmond argued that he was denied his right to a speedy trial. The appeals court rejected his argument, but the effect of the…
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Our Theory Of The AdSurfDaily Case: Steroidal Puppeteers
UPDATED 4:30 PM EST (U.S.A.) We believe the AdSurfDaily case never has been as complex as it sounds. The root of it is Andy Bowdoin’s greed and instinct to scam. He has no more control over it than he does the color of his own eyes. Andy Bowdoin is not a brilliant or gifted man.…
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BREAKING NEWS: Following Richmond’s Lead, Second Motion To Intervene Filed In AdSurfDaily Forfeiture Case
UPDATED 11:23 P.M. EST (U.S.A.) Using a blueprint by Curtis Richmond, an Iowa resident has filed a motion to intervene in the AdSurfDaily case. As was the case with Richmond’s motion last week, U.S. District Judge Rosemary Collyer added a hand-written note to the cover page of the motion. “Let this be filed,” Collyer wrote.…
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More Than 50 ‘Demand’ Letters Sent To Prosecutors, Secret Service, In AdSurfDaily Case, Moriarty Tells Senator
UPDATED 12:21 P.M. EST (U.S.A.) Banks are failing. Unemployment is surging. Housing values are plummeting. Credit markets are tight. The economy is shrinking. And “Professor” Patrick Moriarty wants the Senate to investigate the prosecutors and a Secret Service agent involved in the AdSurfDaily case, an alleged $100 million Ponzi scheme. ASD President Andy Bowdoin, the…
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Has The ‘Surf’s Up’ Forum Run Out Of Steam? And What, Exactly, Is ‘A Ceded Liniments Nut?’
Back in the early days of the AdSurfDaily saga, the ASD Member Advocates Forum — also known as “Surf’s Up, Baby!” — emerged as the preeminent cheerleading site for AdSurfDaily Inc. President Andy Bowdoin. Yes, the alleged operator of a $100 million Ponzi scheme that fleeced thousands of people, paid employees to surf for favored…
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Yet Another Senior Citizen Charged In Ponzi Scheme
Is it mere coincidence? Or is “Ponzi scheme operator” so lucrative that people made it a secret career choice years ago and are being outed because of the shrinking economy? Another senior citizen has been charged in a Ponzi scheme, and this time it’s a woman. Judith Zabalaoui, 71, is accused of an elaborate scheme…
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