Tag: ASD remissions
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URGENT >> BULLETIN >> MOVING: AdSurfDaily Ponzi Schemer Andy Bowdoin Sentenced To 78 Months In Federal Prison — Maximum Under Plea Agreement
URGENT >> BULLETIN >> MOVING: (UPDATED 5:20 P.M ON SEPT 4.) AdSurfDaily President Andy Bowdoin has been sentenced to the maximum term in federal prison under his plea agreement: 78 months. The sentence was handed down minutes ago by U.S. District Judge Rosemary Collyer of the District of Columbia. ASD was a $119 million Ponzi…
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Rust Consulting, Claims Administrator In AdSurfDaily Ponzi Case, Says ASD Members Dwight Owen Schweitzer And Todd Disner Are ‘Impermissibly’ Seeking To Relitigate D.C. Forfeiture Case Before Florida Federal Judge
UPDATED 2:57 P.M. ET (U.S.A., MARCH 11) Dwight Owen Schweitzer and Todd Disner — the two AdSurfDaily members from Miami who filed suit against the Justice Department and Rust Consulting Inc. in November 2011 — never filed remissions-claims forms, Rust said in a motion to dismiss the complaint. And Schweitzer and Disner are “impermissibly” seeking…
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EDITORIAL: As Financial Fraud Enforcement Task Force Website (StopFraud.gov) Spotlights AdSurfDaily Prosecution, Bizarre Email Circulating Among ASD Members Raises New Conspiracy Theories
UPDATED 10:31 A.M. EDT (U.S.A). ASD case subject of discussion in Washington’s highest power corridors: The Financial Fraud Enforcement Task Force was formed by President Obama in November 2009. U.S. Attorney General Eric Holder, a member of the President’s cabinet and the chief law-enforcement officer of the U.S. government, presides over the Task Force. Secret…
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URGENT >> BULLETIN >> MOVING: ASD Victim Says His Remissions Distribution Has Been Deposited — And That It Was 100 Percent
URGENT >> BULLETIN >> MOVING: The PP Blog has received the first report from an AdSurfDaily Ponzi victim that Rust Consulting Inc. has deposited his remissions distribution into his bank account and that the sum was 100 percent of his ASD loss. The money appeared in the member’s bank account this morning. Rust is the…
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MAJOR DEVELOPMENT: AdSurfDaily Remissions Payments Will Be 100 Cents On The Dollar; ‘Thousands’ Of Payments To Go Out; ‘Overwhelming Majority’ Of Claims Approved; Members React With Joy
“Thousands” of AdSurfDaily Ponzi victims with approved claims will receive remissions payments of “100 percent” in the coming days, a source familiar with the process tells the PP Blog. It is quite rare “to have a remissions program that comes back with 100 percent,” the source said. The claims process was administered by Rust Consulting…
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URGENT >> BULLETIN >> MOVING: AdSurfDaily Remissions Distributions Are Beginning
URGENT >> BULLETIN >> MOVING: UPDATED 5:21 P.M. EDT (U.S.A.) Remissions payments to AdSurfDaily members fleeced in an alleged global Ponzi scheme are beginning, a source tells the PP Blog. It was not immediately clear how Minnesota-based Rust Consulting Inc. — the government-approved claims administrator — would roll out the compensation plan and how long…
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UPDATE: His Fundraising Goal 95 Percent Short Of The Mark, Accused Felon Andy Bowdoin Asks The People He’s Charged With Defrauding For ‘Positive’ Testimonials; ‘I Warmly Invite You To Write Your Personal Viewpoint’
A Florida man’s weeks-long, nonstop efforts to raise defense funds from the people he is accused of defrauding in a $110 million Ponzi scheme have fallen flat, leaving him 95 percent short of his $500,000 goal. But AdSurfDaily President Andy Bowdoin says he still wants members to send him money — and he’s asking for…
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SPECIAL REPORT: PROSECUTION: More Than 11,000 Remissions Claims And 150,000 Pages Of Documentation Received In AdSurfDaily Case; Number Of Claims Greatly Exceeds Population Of ASD’s Home Base Of Quincy, Fla.
UPDATED 12:09 P.M. EDT (U.S.A.) Federal prosecutors effectively advised U.S. District Judge Rosemary Collyer last month that enough people to fill a small city had filed remissions claims in the AdSurfDaily autosurf Ponzi case. Although prosecutors did not reveal a precise number, they said in court filings that more than 11,000 people had filed claims…
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UPDATE: ASD’s Bowdoin Claims Hurricane Irene Knocked His Fundraising Website Offline; Accused Ponzi Schemer Says He’s Confident Jury Will Acquit Him; Messages Follow Earlier Claims From ASD Figures That May Raise Questions About Whether An Effort To Obstruct Justice Was Under Way
In recent emails to members, accused Ponzi schemer Andy Bowdoin of Florida-based AdSurfDaily has predicted that a jury in the District of Columbia will acquit him based on the testimony of expert witnesses. Bowdoin, 76, has been appealing to members he is accused of defrauding in a $110 million scheme to pony up $500,000 to…
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Two Days Before Remissions Deadline, ASD Members Receive Yet-Another Confusing, Highly Questionable Email That Suggests Victims Seeking Restitution Should Tell Administrator That Program Was Not An Investment
Some AdSurfDaily members have received an email that appears to be attributed in part to Sara Mattoon, the embattled autosurf firm’s former spokeswoman. The most recent correspondence fractures facts, suggests the government has no credible witnesses or evidence in its wire-fraud and securities-fraud case against ASD President Andy Bowdoin and implies suggestions given to recipients…
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Now, Highly Confusing, Competing Claims About The AdSurfDaily Remissions Program Appear On RipoffReport.com; Post Fractures Facts; DON’T BE CONFUSED
First, don’t be confused. Rust Consulting Inc. is the official claims administrator under contract with the U.S. government to handle claims from victims of the alleged AdSurfDaily Ponzi scheme. ASD also is known as ASD Cash Generator. See this document at Justia.com. It is signed by Ronald C. Machen Jr., the U.S. Attorney for the…