Tag: AVG
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EDITORIAL: Bowdoin, Family Suffered Second Legal Blow Yesterday; August AND December Cases Will Proceed To An Outcome Apt To Send A Chill Across ‘Surfing’ Universe
Yesterday’s ruling by a federal judge that AdSurfDaily President Andy Bowdoin would not be permitted to change his mind about submitting to the forfeiture of tens of millions of dollars in a case brought in August 2008 dealt the embattled surf firm a crippling blow. But a virtually unnoticed ruling yesterday by Judge Rosemary Collyer…
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BREAKING NEWS: Prosecution Says It Will Seek Default Judgment Against ASD Assets Named In December 2008 Complaint; Asserts Bowdoin, Others Were Served ‘Direct Notice’ In January 2009, But Did Not File Claims To More Than $1 Million In Property Paid For By Members
UPDATED 8:09 A.M. ET (NOV. 7 U.S.A.) Easy come, easy go? ASD President Andy Bowdoin and unnamed others were served “direct notice” in January 2009 of a forfeiture complaint filed in December 2008 but did not file claims to property the government intends to seize as proceeds of a crime, federal prosecutors said this morning.…
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UPDATE: Another Parallel To ASD/Golden Panda/AVG Emerges In Canadian Probe Of Manna Trading Corp. Ltd.
Yesterday we reported that the British Columbia Securities Commission (BCSC) ordered penalties and disgorgement totaling $42 million in the case against Legacy Capital Inc., Legacy Trust Inc., Manna Trading Corp Ltd. and Manna Humanitarian Foundation. We reported several parallels to the ongoing investigation in the United States into the business practices of AdSurfDaily/Golden Panda Ad…
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HYIP/AUTOSURF SHOCKWAVES: Regulators Order Canadian Ponzi Schemers To Pay Penalties Totaling $26 Million And To Disgorge Illegal Profits Of $16 Million; Case Has Parallels To AdSurfDaily And AdViewGlobal
The British Columbia Securities Commission (BCSC) has ordered four respondents in a civil action to pay penalties of $26 million for operating a Ponzi scheme and to surrender $16 million in illegal profits. In forceful findings that may echo throughout the HYIP and autosurfing universe, BCSC said the schemers tried to skirt securities laws by…
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UPDATE: No Vana Blue Shares Have Traded Hands Since Oct. 8; No Praebius Communications Trades Since Oct. 9
UPDATED 4:30 P.M. EDT (U.S.A.) No shares of Vana Blue were reported traded today. No trades have occurred since Oct. 8, a period encompassing seven full trading days. Some shares of Praebius did trade today, so its string of no trading since Oct. 9 ended. Here, below, our earlier post . . . Two Pinksheet…
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TEA LEAVES: AdSurfDaily Case About To Come To A Head?
EDITOR’S NOTE: Reading the tea leaves in court cases often is an iffy proposition, and there often is no way to know what will happen when. Readers are advised to keep those thoughts in mind when considering the information in this story. UPDATED 7:03 P.M. EDT (U.S.A.) Recent court filings suggest — although it is…
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U.S. Employment Numbers Worst Since 1983; Social Security Takes A Hit From Discouraged Early Retirees; FDIC Seeks To Recapitalize In Wake Of Nearly 100 Bank Failures In 2009
When the AdViewGlobal (AVG) autosurf — now failed — was in prelaunch phase in December 2008, it positioned itself as an offshore cure for what ails the U.S. and world economies. Less than two years earlier, promoters of the AdSurfDaily autosurf — which has close ties to AVG — implied that the individual surf accounts…
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Did AdViewGlobal Insiders Know About Purported Bowdoin Indictment In May And Engage In Bizarre Summertime Cover-Up Bid?
UPDATED 3:53 P.M. EDT (U.S.A.) The adviewglobal.com domain appears to be back online, with a renewed registration for one year. The domain name had expired Sept. 22, throwing the site offline and triggering questions and confusion from members. Here, below, our earlier story . . . AdSurfDaily President Andy Bowdoin now suggests he was indicted…
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WHO’S IN CHARGE? AdViewGlobal Surf Domain Now Resolves To GoDaddy; Registration Appears To Have Expired
UPDATED 6:45 P.M. EDT (U.S.A.) Has the autosurf world seen the last of AdViewGlobal? The surf’s main website at adviewglobal.com now resolves to a GoDaddy.com page filled with ads, and the domain registration appears to have expired Sept. 22. It was not immediately clear how the development would affect AVG members. The company suspended cashouts…
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Judge Denies Dismissal Motions By Bank, ASD Attorney Robert Garner, In Case That Alleged ‘Indictable’ Racketeering Offenses Had Occurred In Autosurfing Enterprise
A federal judge has denied motions by Bank of America and AdSurfDaily attorney Robert Garner to dismiss a lawsuit in which ASD members alleged Garner and ASD President Andy Bowdoin had engaged in racketeering. Bank of America was not named a RICO defendant. Rather, the bank was accused of aiding and abetting ASD in a…
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Surf’s Up Mods Have High Positions In AdViewGlobal
Four moderators at the Pro-AdSurfDaily Surf’s Up forum hold high positions in the AdViewGlobal autosurf or have a spouse who does, according to AVG’s website. AVG launched in the aftermath of the seizure of tens of millions of dollars last year from ASD, a Florida company federal prosecutors said was engaged in wire fraud, money-laundering…