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Tag: bank failures

AdSurfDaily/Golden Panda Figure Clarence Busby Jr. Filed Pro Se Lawsuit Against Bank, 1,000 ‘Does’; ‘Plaintiff Has No Knowledge Of The True Names And Identities Of Any Or All Of The Real Lenders’

Even as bank failures and foreclosures were piling up in Georgia last year, a man associated with at least four failed autosurf companies was filing lawsuits against mortgage companies and 1,000 “Doe” defendants amid claims he did not know the “true names” of the “real lenders.” Clarence Busby Jr. of Acworth, Ga., advised a Cobb…

Jul 14, 2011
Readers Digest To Declare Bankruptcy

UPDATED 9:24 A.M. EDT (U.S.A.) “Life in These United States” now means that staid Reader’s Digest, hamstrung by debt during a recession and competing in an era unfriendly to print publications, will declare bankruptcy. The news comes on the heels of an announcement Friday by the FDIC that five more U.S. banks had failed, bringing…

Aug 18, 2009
Two Friday Bank Failures Will Cost FDIC $212.5 Million

Some of our readers have been following the AdSurfDaily case, which involved the seizure of nearly $100 million by the U.S. Secret Service amid allegations that ASD was running a Ponzi scheme while calling itself an advertising company. One of the roles of the Secret Service is to protect U.S. economic health and the health…

Dec 13, 2008