Tag: ASD
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Roster: Are These Autosurfs In Litigation? Troubled?
Back in August we began to cover AdSurfDaily Inc., a Florida company accused of being an illegal enterprise. Federal prosecutors said ASD, an autosurf, was selling unregistered securities by calling itself an “advertising” company and running a $100 million Ponzi scheme. A sister site, LaFuenteDinero, was named in the same federal forfeiture complaint. So was…
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Frogress Autosurf Apparently DOA
An autosurf known as Frogress apparently has gone the way of MegaLido, leaving members in the lurch. Frogress seems to have started in October — about the same time as MegaLido. It advertised 12 percent a day for 12 days, and forum posts raved about the communications skills of the Frogress operator. MegaLido employed a…
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AdViewGlobal, AdGateWorld Brands Leveraged To Sell Cash-Gifting, Other Programs; Pitches Also Use Tony Robbins’ Name
It’s hard to imagine that motivational speaker Anthony Robbins would be pleased to learn his carefully cultivated brand name is being leveraged to sell highly questionable online-income opportunities such as cash-gifting programs. Robbins, however, has company — and it’s the sort of company that adds an extra layer of dubiousness to the drip-drop dilution of…
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2008 Concluded With ‘Ponzi-Equals-Pain’ Message
Dear Readers, Our best to you with the dawning of the new year — and our thanks for making this Blog one of your stopping points. If you have a moment in the coming days, think about leaving a comment that answers this question: What will you remember most about 2008? One of the things…
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Madoff Case Sparks Talk Of ‘Clawbacks’
BLOG UPDATE 2:19 P.M. EST (U.S.A.): La Tribune, a French business newspaper, is reporting that a founder of Access International Advisors, a hedge fund with large sums invested with Bernard Madoff, has been found dead in his New York City office building. Rene-Thierry Magon de la Villehuchet, 65, was found this morning. The French newspaper…
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Ad View Global, New ‘Advertising’ Program, Debuts
This morning we read an early pitch for Ad View Global (AVGlobal), a new “advertising” company that is coming online in the wake of the $100 million government seizure of assets tied to AdSurfDaily Inc. AVGlobal, according to the promoter’s ad we read, is positioning itself as a guarantee against the recession and poor economy.…
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EDITORIAL: $7,260 An Hour: The Dangerous Allure Of Autosurfs
I first learned about Ad Surf Daily and Andy Bowdoin in July, prior to the asset seizure, back when I served as a Moderator at the Warrior Forum. ASD members swore by the company, flocking to the forum in droves when Andy Bowdoin had become a topic of widespread conversation on the Web. Some of…
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MegaLido Autosurf, Pushed By ASD Members, Vanishes
We’ve written previously that members of an autosurf known as MegaLido had reported their support requests had been ignored and they they were seeking refunds from AlertPay and SolidTrustPay. MegaLido members now say the site itself has gone offline. The paid-to-surf site rose to prominence in the weeks after the government seizure of AdSurfDaily’s assets,…
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Bowdoin/Madoff Alleged Ponzis: Just ‘Andy’ And ‘Bernie’
UPDATE 1:03 PM EST (U.S.A.): Quoting Stephen Harbeck, president and chief executive officer of the Securities Investor Protection Corp. (SIPC), Bloomberg News is reporting that Bernard Madoff’s financial records are “utterly unreliable.” We’ve added a link at the bottom of the post. Here, below, our earlier post . . . If you’ve been following the…
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BREAKING NEWS: AdSurfDaily Says Judge Lacks Jurisdiction
AdSurfDaily Inc. has filed a defense in the civil-forfeiture case brought by the U.S. Secret Service and federal prosecutors in Washington, D.C. The firm is asking for a jury trial. Among the most interesting defenses is that the case was brought in the wrong court — U.S. District Court for the District of Columbia —…
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Transition Progresses: No ASD Court Updates Yesterday
We checked Judge Rosemary Collyer’s docket in the AdSurfDaily case several times yesterday. The most recent entry was the Dec. 3 denial of “Leave to File” directed at an unnamed party. The party who was denied had attempted to file a motion to void judgment. On Nov. 20, Judge Collyer issued a separate denial of…