Tag: ASD
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BREAKING NEWS: Government Seeks Golden Panda Default
As anticipated, the government has filed papers to finalize the forfeiture of more than $14 million seized from Bank of America accounts controlled by Golden Panda Ad Builder President Clarence Busby and his daughter, Dawn Stowers. Busby surrendered claims to the funds in September. Earlier today the government set the official total of funds seized…
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Bowdoin Still A No-Show In RICO Lawsuit; Attorneys For Both Sides Gear Up For What Could Be An Interminable Slog
AdSurfDaily President Andy Bowdoin still hasn’t responded to a Jan. 15 racketeering lawsuit filed against him by three ASD members seeking class-action certification. Meanwhile, Bank of America, a non-RICO defendant accused in the complaint of aiding Bowdoin and others in a fraudulent scheme, has added two additional attorneys who specialize in complex financial litigation to…
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SPECIAL REPORT: The Largely Unknown Bowdoin ‘Surf’
“But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil.” — From 1 Timothy 6:9-10 He was hailed a Christian “genius,” and AdSurfDaily President Andy Bowdoin often invoked…
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BREAKING NEWS: ASD’s New Attorney Seeks To Withdraw Bowdoin’s Pro Se Motion To Rescind His Decision To Submit To Forfeiture And File Anew: Will Case Slow To A Crawl?
On Feb. 27, ASD President Andy Bowdoin — acting as his own attorney — filed a motion to rescind a decision he made in January to submit to the forfeiture of tens of millions of dollars and real estate seized by the government in a wire fraud, money-laundering and Ponzi scheme investigation. Federal prosecutors, on…
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PRICELESS: AdViewGlobal Announces Wire Deal With Offshore Bank On Day White House And Treasury Department Announce Plan To Crackdown On Offshore Tax Havens
UPDATED 12:43 P.M. EDT (May 7, U.S.A.) As often is the case in the tin-eared autosurf world, the timing was impeccable: On the day the Obama administration announced a crackdown on U.S. corporations and citizens who use offshore tax havens to hide income, autosurf company AdViewGlobal (AVG) announced it had a deal with an offshore…
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AdSurfDaily: Revisiting Our Early Coverage
It is the story that won’t go away, driven as much by the personalities and people who support AdSurfDaily as it is by the legal issues that put the company in the national spotlight. On Aug. 1, 2008, an ambiguous note appeared on ASD’s website. The note suggested a government investigation was under way. In…
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Plaintiffs, Bank of America Ask Judge For More Time; Golden Panda’s Clarence Busby Updates Motion To Dismiss
UPDATED 5:28 P.M. EDT (U.S.A.) Attorneys for three plaintiffs who accused ASD President Andy Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby of racketeering have asked a federal judge for more time to prepare. The plaintiffs were joined in the motion by Bank of America, a non-RICO defendant in the…
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RICO Lawsuit Against Bowdoin, Busby, Garner Makes Veiled Reference To ’80-20′ Rule; Signals That ‘Surf’ Promoters Run Risk Of Being Named Defendants In Racketeering Actions
A racketeering lawsuit against ASD President Andy Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby makes a veiled reference to what autosurf participants refer to as the “80-20” rule. The reference signals that both private litigants and the government are wise to methods autosurf promoters use to stem the outflow…
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BREAKING NEWS: Plaintiffs In RICO Action Say AdSurfDaily Hired Bank Of America Employees, Paid Them More Than Others Doing The Same Work; Accuse Bank Of Turning A Blind Eye To Ponzi Scheme Involving Tens Of Millions Of Dollars
Lawyers for three plaintiffs who accuse AdSurfDaily President Andy Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby of racketeering have filed an amended complaint that accuses Bank of America of turning a blind eye to a Ponzi scheme. Bank of America is not named a RICO defendant in the amended…
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AVG Forum Warns Members Not To Call Purchases An ‘Investment’; Posts Citing ‘Return’ Or ‘ROI’ Will Be Deleted
UPDATED 5:44 P.M. EDT (U.S.A.) A Mod at an AdViewGlobal forum set up by Mods and members of AdSurfDaily has warned AVG members not to refer to their purchases as “investments.” Rather, the Mod said, AVG members purchase “advertising” and are not “investing” or “investors.” Posts that used the terminology of investments would be deleted,…
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PROSECUTION BOMBSHELL: Bowdoin Signed Proffer Letter Prior To Submitting To Forfeiture And Told Investigators That Government’s Material Allegations Were ‘All True’
Prior to submitting to the forfeiture of tens of millions of dollars in January, AdSurfDaily President Andy Bowdoin signed a proffer letter and told investigators that the government’s material allegations all were true, federal prosecutors said late this afternoon. The explosive revelation came in the form of a memorandum filed in response to a pro…