Andy Bowdoin

4TH UPDATE 2:47 P.M. EDT JUNE 27 U.S.A. An unsigned pro se pleading docketed June 23 and attributed to Zeek Rewards’ clawback defendant Catherine Parker is leading to questions about whether Parker is a Canadian “sovereign citizen” taunting a U.S. federal court in North Carolina and the receivership judicially empowered to gather hundreds of millions […]

EDITOR’S NOTE: Certain reports by the PP Blog that are available to any person with an Internet connection are referenced in a consolidated, amended prospective class-action complaint that makes claims against various defendants with an alleged association with TelexFree. Information from other publicly available sites, including BehindMLM.com, RealScam.com and others, also is referenced. The purpose […]

UPDATED 12:12 P.M. EDT U.S.A. A thoughtful reader sent this along this morning. It’s a story by Jake Halpern in The Atlantic titled, “Bank of the Underworld[:] Liberty Reserve was like PayPal for the unbanked. Was it also a global money-laundering operation?” Here’s a snippet (italics added): Costa Rica was also increasingly known as a […]

Depicting then-President George W. Bush as a fan of the AdSurfDaily MLM HYIP “program” backfired in spectacular fashion in 2008, drawing the attention of the U.S. Secret Service. Federal agents eventually seized more than $80 million in an asset-forfeiture case. ASD President Andy Bowdoin, accused of operating a cross-border Ponzi scheme, was indicted. He later […]

“Serving as the U.S. Attorney for the District of Columbia has been the highest honor of my professional career. I am tremendously grateful to the President, Attorney General Holder, and Congresswoman Eleanor Holmes Norton for placing their trust in me. The men and women of this office are among the most dedicated and talented public […]

UPDATED 6:20 A.M. ET U.S.A. “BRING THE BACON HOME,” a bizarre Ponzi-board “program” purportedly operated by “Sherilyn” from “Singapore” and pushed on YouTube by Achieve Community hucksters Rodney Blackburn and Mike Chitty, reportedly collapsed during a so-called Beta launch this week and has been put on hold. The “program” purportedly turns $40 into $1,800. Achieve […]

UPDATED 2:14 P.M. ET U.S.A. It is not unusual for financial fraudsters to seek to rub elbows with famous people or to imply ties to them as a means of sanitizing purported “opportunities” or accenting their own bona fides. Recent examples of this include Florida-based Ponzi-schemer/racketeer Scott Rothstein, who mixed with the elite as his […]

EDITOR’S NOTE: eAdGear, which had entities in California and Hong Kong, “primarily” targeted “investors in the U.S., China, and Taiwan” and gathered $129 million in a combined pyramid- and Ponzi scheme that engaged in brand-leeching, the SEC alleged last week. An MLM scam known as WCM777, which allegedly gathered more than $80 million, also engaged […]

The BitClub Network “program” — originally set to launch Sept 1, the 75th anniversary of the beginning of World War II — reportedly now will launch on Sept. 10. That’s the eve of the 13th anniversary of the 9/11 terrorist attacks. The Sept. 10 launch time is pegged for “2pm EST,” which possibly means the […]

In case you missed the big news yesterday, TelexFree figures James Merrill and Carlos Wanzeler were charged criminally. Unofficially this brings the number of charged MLM HYIP “programs” (or clients) with links to MLM attorney Gerald Nehra to three in recent years. Nehra was an “expert witness” for AdSurfDaily in 2008. He testified that ASD, […]

(UPDATED 8:21 P.M. EDT U.S.A.) The U.S. Securities and Exchange Commission says in new court filings that accused TelexFree promoter and securities fraudster Sann Rodrigues appeared in an April 16 YouTube video and asserted that “God” made MLM and “binary” and that Rodrigues claims he’s “never going to stop this.” Rodrigues is now a two-time […]