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Tag: Andy Bowdoin

  • Stanford Ponzi Scheme Is Affecting Autosurf Trade

    When the Securities and Exchange Commission charged R. Allen Stanford Feb. 17 with operating a multibillion-dollar fraud scheme through his bank in Antigua, the news created banking pandemonium on the tiny Caribbean island and also in Panama. In the days that followed, a surf known as BizAdSplash referenced the banking situation in Panama without referencing…

  • Garner Advertised In ‘Escape Artist’ Publication

    An attorney accused of racketeering in a lawsuit by members of AdSurfDaily and accused by prosecutors of shilling for ASD President Andy Bowdoin once advertised his services in “Escape From America Magazine.” The magazine is part of a website known as EscapeArtist.com. Robert F. Garner identified himself a “[f]ormer General Counsel for  major Miami-based securities…

  • Who is Faye S. Bowdoin? Troubling, New Questions Arise In The AdSurfDaily Ponzi Scheme And Money-Laundering Case

    UPDATED 12:56 A.M. EST (Feb. 28, U.S.A.) Documents filed by federal prosecutors in the AdSurfDaily case pointedly refer to Andy Bowdoin’s wife as “Edna Faye Bowdoin.” But other documents on file with the Florida Department of State refer to her as “Faye S. Bowdoin.” Other documents in the Florida Department of State and elsewhere in…

  • Maddy, A Car Ride, Blankets, A Coin Laundry — And ASD

    Today mostly was a day for thinking, not writing. Maddy the Wonder Puppy accompanied me this morning on a drive to my sister’s house. Maddy, at 11 months, hasn’t gotten any better in automobiles. She started whining the moment I backed out of the garage. Not even her favorite blankets — a blue one and…

  • EDITORIAL: Westridge Capital Management And AdSurfDaily: Poor North Salem, Poor Quincy

    We feel for the residents of North Salem, N.Y., and the residents of Quincy, Fla. Fate has put them in the media glare. Talk at Westchester County lunch counters is not about how the Mets or Yankees or Red Sox will do this year. It’s about how Paul Greenwood, the town supervisor of North Salem,…

  • 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…

  • 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…

  • 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,…

  • 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…

  • 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…

  • 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…