Tag: ASD
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SPECIAL REPORT: Alleged Colorado Ponzi Schemer Had Criminal Record For Securities Fraud, Previous Bankruptcy Record; Allegations Reminiscent Of ASD/Golden Panda Cases
EDITOR’S NOTE: This story is about securities and fraud allegations leveled in Colorado against Philip R. Lochmiller and others. The case was brought amid assertions Lochmiller was operating a real-estate Ponzi, although the backdrop of the story is similar to the backdrop of the story on the “advertising” Ponzi allegations against Florida-based AdSurfDaily. Some of…
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PP HOLIDAY READING: AdViewGlobal Stories Dominated Reader Interest In 2009; ASDMBA And ADV4U Coverage, Bowdoin Proffer, Guest Columnists Commanded Attention
UPDATED 1:25 P.M. ET (U.S.A.) AdViewGlobal-related stories comprised eight of the 10 “Most Popular” posts on the PatrickPretty.com Blog in 2009, as determined by a software scoring system that measures a range of data. The result suggests that readers were intensely interested in coverage of the controversial autosurf. The finding also suggests that AVG members…
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Bowdoin Purportedly Tells ASD Member That Prosecutors ‘Have’ Finally Admitted To Screwing Up; Email Asks Members To Look For ‘Rally’ Videos; New Flap Starts On Surf’s Up
UPDATED 5:34 P.M. ET (U.S.A.) In a development reminiscent of a claim made more than a year ago on the Pro-AdSurfDaily Surf’s Up forum that prosecutors had acknowledged behind closed doors that ASD was not a Ponzi scheme and refused to admit it publicly because of embarrassment, a new email missive surfaced today that suggested…
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BREAKING NEWS: Bowdoin Tries To Have Judge Collyer Disqualified; Collyer Says She Will Not Step Down From Ponzi Forfeiture Case
AdSurfDaily President Andy Bowdoin has filed a motion to disqualify U.S. District Judge Rosemary Collyer from hearing the civil-forfeiture case against tens of millions of dollars seized from ASD last year. Collyer reponded by issuing an order in which she refused to disqualify herself. Collyer said Bowdoin no longer had standing in the case. “If…
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SHOCKING: A Ponzi Scheme Suicide In Canada; A Ponzi Scheme Death Sentence Reported In China
EDITOR’S NOTE: Here is some recommended reading. Be prepared to be shocked. We will provide an introduction to the stories, but only a brief one. Edna Coulic killed herself, worn down by the pressures of trying to get her money back from a Ponzi scheme, her family told the Calgary Herald. The Royal Canadian Mounted…
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Purported Andy Bowdoin Christmas Email With Prayerful Message Causes A Stir Among Members; ASD President Has Not Refuted Authenticity Of Greeting
Several PP readers reported Thursday and Friday that they’d received a prayerful email purportedly sent as a Christmas greeting by AdSurfDaily President Andy Bowdoin. We did not receive a single correspondence from a reader who was happy about receiving the email. In one way or another, the readers questioned the prudence of sending such an…
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FEDS: Man Bilked $10 Million In Ponzi Scheme That Traded On Name Of The Famous NASCAR Brand
Even as stock-car fans were celebrating the news that Indy-car driving star Danica Patrick would hopscotch circuits and participate in a limited number of events in NASCAR’s Nationwide Series next year, federal prosecutors were putting together a Ponzi scheme case against a man alleged to have obtained $10 million by using NASCAR’s name. Eliott Jay…
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BREAKING NEWS: FBI Tells Senate Judiciary Committee It Is Probing 314 HYIP Schemes Only Months After ASD Members Asked Panel To Probe Prosecutors
And to think that only months ago — in February 2009 — various members of AdSurfDaily wrote to the Senate Judiciary Committee trying to elicit support for Ponzi schemes. The letter-writing campaign was spearheaded by “Professor” Patrick Moriarty and pushed by the Pro-AdSurfDaily Surf’s Up forum. But now the FBI has told the committee, led…
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Madoff Confessed Ponzi Scheme Year Ago Today; AdViewGlobal Prepared Ponzi Roll-Out Even As Stunned Public Watched Madoff Spectacle Unfold
One year ago today Bernard Madoff uttered a memorable phrase, describing his securities business economically as “one big lie” — and his Ponzi house of cards came tumbling down. Even as Madoff was uttering those three words to his sons and the FBI soon was to knock on his door, the insiders behind the AdViewGlobal…
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AdViewGlobal Recording Suggests Member Cashed Out $10,000 Only Days After Formal Launch And That Insiders Were Awarded Bonuses; Less Than Two Weeks Later, Surf Switched To ‘Private Association’ Structure
UPDATED 7:19 P.M. ET (U.S.A.) A recording posted on a public website of a Feb. 12 conference call by the AdViewGlobal (AVG) autosurf suggests an unnamed male member of the surf qualified for a $10,000 cashout within days of the company’s formal launch. The recording leads to questions about how a participant could qualify for…
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‘Egg’-Themed HYIP Domains Pitched By Surf’s Up Poster Registered In Last Name Of Man Dubbed A ‘Co-Conspirator’ In Scheme To Defraud Prepaid Wireless Company; Government Of Belize Issued Warning About HYIP Site
UPDATED 2:22 P.M. ET (U.S.A.) A poster using the handle “joe” at the Pro-AdSurfDaily Surf’s Up forum advertised four egg-themed domain names that redirected to four high-yield investment programs yesterday, saying in all-caps, “ALL MY EGGS ARE NOT IN ONE BASKET. “I MAKE $2000.00 A WEEK.” It is unclear if the poster has a license to…