Tag: ASD
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Are ASD Members Waging Ongoing Misinformation Campaign To Suppress Victims’ Count And Obstruct Justice? Note Instructs Members NOT To File For Restitution
The now-defunct Surf’s Up forum was AdSurfDaily’s officially endorsed news venue. It became so on Nov. 27, 2008, a little more than a week after a key court ruling went against ASD, a Florida company implicated by the U.S. Secret Service in an alleged $100 million Ponzi scheme. Surf’s Up routinely deleted posts that challenged…
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BULLETIN: Woman Who Did Not Report Ponzi Schemer Richard Piccoli Sentenced To 18 Months In Federal Prison For ‘Misprision Of Felony’ And Tax Charge; Kathleen Fuoco Turned ‘Blind Eye’ To Fraud, Prosecutors Say
BULLETIN: In a case that could send shockwaves across the culture of promoting scams and accepting payments from scams, a New York woman who turned a blind eye to Richard Piccoli’s long-running Ponzi scheme in New York state has been sentenced to 18 months in federal prison for misprision of a felony and willful failure…
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UPDATES/NEWS: ASA Ponzi Forum Now Redirects To CashX.com; Arthur Nadel Gets 14 Years In Florida Ponzi Case Brought By Obama Task Force; Former Indiana Pastor Who Bilked Christians Convicted Of Securities Fraud
UPDATED 10:56 A.M. EDT (U.S.A.) The ASA Monitor Ponzi and criminals’ forum now is redirecting to a website operated by CashX.com, a Canadian payment processor that hawks MasterCard debit cards and says it permits customers to withdrawn money to Liberty Reserve. Liberty Reserve is a Ponzi-friendly payment processor purportedly headquartered in Costa Rica after earlier…
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EDITORIAL: Prized Magazine ‘Newsweek’ Acquired For $1; Publishing Continues To Bleed — Even As Autosurf Cheerleaders Say They Have The Answer To Lagging Ad Sales
The Associated Press reported yesterday that the Washington Post sold Newsweek magazine — an American treasure — for $1. The Post also absorbed $10 million in debt for Newsweek, which lost nearly $30 million last year. How much is $30 million? Well, it’s about $1.6 million less than AdSurfDaily President Andy Bowdoin had in a…
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Florida Drops State-Level Pyramid Case Against AdSurfDaily; Says It Has Supplied Victims’ List To Claims Administrator For Restitution From Assets Seized By Secret Service In Federal Case
UPDATED 7:40 P.M. EDT (U.S.A.) Certain members of Florida-based AdSurfDaily began crowing last week that the office of Florida Attorney General Bill McCollum had dropped the pyramid-scheme case it had filed against ASD in August 2008. “The State of Florida has dropped all charges against Ad Surf Daily, Inc. This is wonderful news!” an email…
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BULLETIN: Florida — Again: SEC Sues Atlantis Technology Group In Alleged Online Television Pump-And-Dump Scheme; CEO Christopher M. Dubeau Threatened ‘Bashers’ For Making ‘Slanderous’ Postings, March News Release Says
BULLETIN: UPDATED 10:51 A.M. EDT (U.S.A., Oct. 1.) About six months after the chief executive officer of Atlantis Technology Group (Atlantis) was quoted in a Marketwire news release that threatened online commentators for “making slanderous postings” about the company, the SEC has gone to federal court in Florida to accuse Atlantis CEO Christopher Dubeau and…
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ASA Monitor Ponzi And Criminals’ Forum Locks MPB Today Thread — Again; Naysayers Scolded By Mod For Challenging ‘Ken Russo’
EDITOR’S NOTE: The ASA Monitor Ponzi forum now has reopened its thread on the MPB Today MLM program — with a warning in red to “Play nice . . .” UPDATED 9:54 A.M. EDT (U.S.A.) A forum infamous for promoting Ponzi schemes and other criminal pursuits has locked the thread from which the MPB Today…
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A CEP PONZI SCHEME TIE? MPB Today Member Says ‘Trevor Reed’ In His Organization; No Immediate Comment From USDA
UPDATED 1:03 P.M. EDT (U.S.A.) Two days ago the PP Blog reported that a Sept. 20 “news release” for MPB Today’s purported “grocery” program solicited financially strapped Americans to sell $200 worth of Food Stamps to raise cash to join the Florida-based MLM. The Blog further reported that a name referenced in the news release…
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MPB TODAY SPONSOR ATTACKS FELLOW MEMBERS: Join My Group Because Other Uplines ‘Lying’ To Prospects; ‘People Are Gonna Try To BS You To Try To Get You To Join’
An MPB Today sponsor is asserting in a YouTube video that his upline is honest — but that other uplines in the company consist of liars who are “gonna tell you whatever they think you’re gonna want to hear” in a bid to get you to join the Pensacola-based multilevel-marketing (MLM) program that purports to…
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FBI Says It Has Opened 291 New HYIP Cases And Has 780 Pending Cases Of High-Yield Fraud; Many Have ‘International Nexus,’ Agency Notes
How confident are you that the HYIP you’re flogging on the Ponzi boards isn’t already under investigation by any of a number of state or federal agencies? Court records show that the alleged Legisi HYIP Ponzi scheme (about $70 million) was under investigation by state and federal law-enforcement agencies even as promoters were pitching it.…
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Pensacola Fraudsters Sentenced To Federal Prison; Pinnacle Quest International Vendors Sold ‘Tax And Credit Card Debt Elimination Scams,’ Federal Prosecutors, IRS Say
“They helped form a series of sham business entities and then promoted fraudulent debt elimination tactics intended for the sole purpose of concealing income from the IRS.” — Victor S. O. Song, chief, IRS Criminal Investigation As the U.S. Department of Agriculture was conducting a “review” of claims made by affiliates of a purported “grocery”…