Antigua

After more than 17 months, more than 165 court filings and more than $1 million in legal fees, ASD President Andy Bowdoin has lost the August 2008 civil forfeiture case and the government has been granted title to $65,838,999.70 seized from Bowdoin’s 10 Bank of America accounts. U.S. District Judge Rosemary Collyer, whom Bowdoin attempted […]

Eight U.S. Senators have introduced a resolution calling for banking sanctions against the Caribbean island nation of Antigua for stonewalling in the Ponzi scheme investigation of Allen Stanford. The senators said Stanford might have lent the Antigua government “at least” $85 million before the alleged scheme collapsed earlier this year and that the money “presumably […]

UPDATED 12:47 P.M. EDT (U.S.A.) His promoters said he was a hugely successful businessman, a visionary who entered technology markets and made money before others even had recognized the opportunities. Andy Bowdoin, they said, had cleaned up in the communications business and, for good measure, old-fashioned markets such as dry cleaning. He’d trained thousands of […]

UPDATED 5:09 P.M. EDT (U.S.A.) AdViewGlobal (AVG), a surf site with close ties to AdSurfDaily, reportedly has lost its banking privileges. The event occurred as AVG was running a 200-percent, matching-bonus program. The news is not posted on AVG’s main webpage. It is posted on a forum some of the Mods and members of the […]

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 […]

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 […]

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 […]