URGENT >> BULLETIN >> MOVING: (UPDATED 6:23 P.M. EDT U.S.A.) AdSurfDaily President Andy Bowdoin — the confessed author of a $110 million online Ponzi scheme — was jailed at the conclusion of a bond-revocation hearing in Washington today.
Bowdoin is being detained at a local Department of Corrections facility in the District of Columbia, the jail confirmed this evening. No other information was immediately available.
Federal prosecutors in the District of Columbia say Bowdoin was detained after the proceeding before U.S. District Judge Rosemary Collyer.
In April, prosecutors said Bowdoin continued to promote scams after the ASD Ponzi probe began in July 2008 and after his December 2010 arrest by the U.S. Secret Service on Ponzi-related charges. Prosecutors identified those scams as “OneX” and AdViewGlobal, an ASD-like autosurf.
Bowdoin, 77, pleaded guilty to wire fraud in the ASD case last month. His formal sentencing has been set for Aug. 29 before Collyer.
Bowdoin faces up to 78 months in federal prison, when sentenced by Collyer. He has been banned from multilevel marketing, Internet programs and mass marketing.