Tag: AdSurfDaily
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NEW ADSURFDAILY DISASTER? Andy Bowdoin Says Prosecutors Returned ‘Advertising Expenses’ To Members, Not Proceeds Of A Ponzi Scheme; ‘Government Forced Members To Sign . . . Untrue Statement To Get A Refund,’ ASD Patriarch Claims
UPDATED 3:44 P.M. EDT (U.S.A.) Facing felony charges of wire fraud, securities fraud and selling unregistered securities and the potential of 125 years in prison, accused Ponzi schemer Andy Bowdoin has responded by accusing federal prosecutors in the District of Columbia of forcing members to lie to qualify for compensation from a victims’ fund in…
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EDITORIAL: As Financial Fraud Enforcement Task Force Website (StopFraud.gov) Spotlights AdSurfDaily Prosecution, Bizarre Email Circulating Among ASD Members Raises New Conspiracy Theories
UPDATED 10:31 A.M. EDT (U.S.A). ASD case subject of discussion in Washington’s highest power corridors: The Financial Fraud Enforcement Task Force was formed by President Obama in November 2009. U.S. Attorney General Eric Holder, a member of the President’s cabinet and the chief law-enforcement officer of the U.S. government, presides over the Task Force. Secret…
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URGENT >> BULLETIN >> MOVING: AdSurfDaily Ponzi Scheme Example Of ‘Insidious’ Financial Crime, Head Of Justice Department’s Criminal Division Says; Top Officials, U.S. Secret Service Issue Statement In Support Of Victims; Obama Task Force Monitoring ASD Case
URGENT >> BULLETIN >> MOVING: The AdSurfDaily Ponzi scheme is an example of an “insidious” financial crime, the head of the U.S. Department of Justice’s Criminal Division said moments ago in a special statement on how forfeiture laws were used to protect ASD victims. Meanwhile, a top official of the U.S. Secret Service described Florida-based…
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UPDATE: About 8,400 AdSurfDaily Members Will Receive Remissions Payments; Number Of Successful Claimants Exceeds Population Of ASD’s Home Base Of Quincy, Fla.; No Comment From Prosecutors On Curious Facebook Post From Apparent ASD Member
UPDATE: About 8,400 victims of the AdSurfDaily autosurf are receiving remissions payments of 100 percent of their losses, a source familiar with the process said today. The PP Blog first reported Thursday that the remissions payments would be 100 percent across the board to ASD victims who demonstrated a loss. On Friday, the Blog received…
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URGENT >> BULLETIN >> MOVING: ASD Victim Says His Remissions Distribution Has Been Deposited — And That It Was 100 Percent
URGENT >> BULLETIN >> MOVING: The PP Blog has received the first report from an AdSurfDaily Ponzi victim that Rust Consulting Inc. has deposited his remissions distribution into his bank account and that the sum was 100 percent of his ASD loss. The money appeared in the member’s bank account this morning. Rust is the…
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MAJOR DEVELOPMENT: AdSurfDaily Remissions Payments Will Be 100 Cents On The Dollar; ‘Thousands’ Of Payments To Go Out; ‘Overwhelming Majority’ Of Claims Approved; Members React With Joy
“Thousands” of AdSurfDaily Ponzi victims with approved claims will receive remissions payments of “100 percent” in the coming days, a source familiar with the process tells the PP Blog. It is quite rare “to have a remissions program that comes back with 100 percent,” the source said. The claims process was administered by Rust Consulting…
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URGENT >> BULLETIN >> MOVING: AdSurfDaily Remissions Distributions Are Beginning
URGENT >> BULLETIN >> MOVING: UPDATED 5:21 P.M. EDT (U.S.A.) Remissions payments to AdSurfDaily members fleeced in an alleged global Ponzi scheme are beginning, a source tells the PP Blog. It was not immediately clear how Minnesota-based Rust Consulting Inc. — the government-approved claims administrator — would roll out the compensation plan and how long…
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Accused Ponzi Scheme Felon Andy Bowdoin Launches Facebook Page, Asks Members To ‘Like’ Him And ‘Share’ Link To Defense Fundraising Site ‘Right Away’
After weeks of delays, a Facebook “Fan” page for accused Ponzi schemer Thomas Anderson “Andy” Bowdoin finally has launched. The site includes a link to “Andy’s Fundraising Army,” the web venue at which Bowdoin’s bid to raise $500,000 to pay for criminal lawyers has fallen 95 percent short of its goal. Bowdoin, 76, was arrested…
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UPDATE: His Fundraising Goal 95 Percent Short Of The Mark, Accused Felon Andy Bowdoin Asks The People He’s Charged With Defrauding For ‘Positive’ Testimonials; ‘I Warmly Invite You To Write Your Personal Viewpoint’
A Florida man’s weeks-long, nonstop efforts to raise defense funds from the people he is accused of defrauding in a $110 million Ponzi scheme have fallen flat, leaving him 95 percent short of his $500,000 goal. But AdSurfDaily President Andy Bowdoin says he still wants members to send him money — and he’s asking for…
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Attorney General Visits U.S. Attorney’s Office In District Of Columbia To Commemorate 10th Anniversary Of 9/11 Attack; Justice Department Dedicates National Security Conference Room In Memory Of Barbara Olson, Terrorist Victim And Former AUSA
EDITOR’S NOTE: The U.S. Attorney’s Office for the District of Columbia brought both the civil and criminal prosecutions in the AdSurfDaily Ponzi case. In 2008, ASD President Andy Bowdoin compared prosecutors in the office to “Satan,” saying that what happened to ASD was “30 times worse” in some ways than what happened on Sept. 11,…
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UPDATE: Club Asteria, Cherry Shares, ‘JustBeenPaid’ Promoter ’10BucksUp’ Falsely Claims PP Blog Posts As ‘ISPY’ On MoneyMakerGroup Ponzi Forum; HYIP Apologist Taunts U.S. Law Enforcement In Bizarre Post
The bizarre descent into chaos of a failing “program” that claimed to be moving to “offshore” servers and once made its participants swear they were not government spies or media lackeys has gotten stranger yet. Poster “10BucksUp,” who’s now flogging the JustBeenPaid “program,” falsely claimed on the MoneyMakerGroup Ponzi forum today that the PP Blog…