Tag: Andy Bowdoin
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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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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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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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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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Bowdoin/Madoff Comparison: Is It Fair?
Last night we received a note from a reader who had a bone to pick: He advised us, seemingly politely, that ASD was not an “autosurf.” Rather, he said, it was a “manual surf.” There was a whiff of passive-aggressiveness in the note: He informed us that he did not desire to “address your blog”…
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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…
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BREAKING NEWS: Natures Discount Drops RICO Lawsuit Against Bowdoin, Busby, Garner
Natures Discount, a former AdSurfDaily advertiser, has dropped a racketeering lawsuit it brought in November against ASD President Andy Bowdoin, Golden Panda President Clarence Busby, and Robert Garner, an attorney who appeared in a video touting ASD’s legality. Bank of America also was named a defendant in the Natures Discount complaint, though not as a…
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Bowdoin, Nadel Cases Have Striking Parallels
Some of the parallels between the alleged AdSurfDaily Ponzi scheme and the alleged financial misdeeds of Florida hedge-fund manager Arthur Nadel are striking. Two obvious parallels are the common Florida venue and the ages of the principals. ASD operated out of Quincy; Nadel out of Sarasota. ASD President Andy Bowdoin is 74; Nadel is 76.…