Tag: AdSurfDaily
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BREAKING NEWS: AdViewGlobal Moves Underground; Posts ‘Articles Of Association’ That Name Bowdoin Step-Son A Trustee; Ex-ASD Exec Gary Talbert Also Named A Trustee
On the Surf’s Up forum, the Mods are saying there are no ties between AdSurfDaily and AdView Global. But information on AVG’s website tells a different story. George F. Harris is named a trustee of a new group that’s calling itself “AV Global Association.” Harris is the son of Edna Faye Bowdoin, wife of ASD…
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Analysis: AdViewGlobal, BizAdSplash In Failure Mode
UPDATE: 4:59 P.M. EST (U.S.A.) The Surf’s Up Forum now says the government has seized or frozen two bank accounts of ASD members. It did not provide the source, and it encouraged members not to identify the owners of the accounts. Here, below, our earlier post . . . EDITOR’S NOTE: It’s getting harder and…
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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…
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‘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…
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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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No Claims Filed In Second AdSurfDaily-Connected Seizure
UPDATED 1:31 P.M. EST (U.S.A.) Nearly two months have passed since federal prosecutors went to court and filed a second forfeiture complaint against assets tied to AdSurfDaily Inc., an alleged $100 million Ponzi scheme. The document was filed Dec. 19, about a week before Christmas. As of the morning of Feb. 6, 2009, no party…
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When Words Fail: ‘Stunning’ Can’t Describe ASD Disconnect
The level of disconnect is stunning — and it is accompanied by a level of brazenness that is equally stunning. In fact, stunning understates it; it is more like an unapologetic, myopic commitment to felonious self-indulgence. But what would you expect from a group whose motto is “ASD — Keep Fighting The Good Fight!” There…
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BOLO Clarence Busby? Reader Puzzled By RICO Defendant’s Absence; Says Busby Out Of Touch For ‘Months’
Should the government and litigants be on the lookout for Clarence Busby? He hasn’t been charged with a crime and, in September, he surrendered his claims to money seized by the U.S. Secret Service as part of its probe into the alleged criminal business practices of his company, Golden Panda Ad Builder of Acworth, Ga.…
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Seniors In Gallery Of Ponzi Rogues; Grandpa Breaks Bad
We noted Sunday that a startling number of senior citizens have been implicated in Ponzi schemes or accused of monumental financial misdeeds. Featured in this graphic are (left to right): Andy Bowdoin, president of fundamentally defunct AdSurfDaily Inc. of Quincy, Fla.; Bernard Madoff, head man at fundamentally defunct Bernard L. Madoff Investment Securities of New…
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Nadel Diverted Client Funds To Family: Feds
Florida hedge-fund manager Arthur Nadel turned himself in yesterday to the FBI in Tampa. Nadel had gone missing Jan. 14. He was immediately jailed. A bail hearing is set Friday. Previously we’ve written about some of the Nadel parallels to the AdSurfDaily Ponzi scheme case. Some of the parallels grew even more striking yesterday, with…