Bill McCollum

EDITOR’S NOTE: This post originally was published Jan. 24 at 7:33 p.m. It was updated Feb. 8 to include this editor’s note reflecting that Andy Bowdoin now is listed as an inmate at the federal prison camp in Pensacola, Fla. (Pensacola FPC.)  The original story published Jan. 24 appears below and includes some edits to […]

UPDATED 3:57 P.M. ET (U.S.A.) Gregory Baker, a Florida man who hosts calls featuring Robert Craddock in the aftermath of the SEC’s Ponzi-scheme case against Zeek Rewards, is listed as a winner in the Botfly LLC Ponzi scheme case, one of the Sunshine State’s ugliest fraud schemes. Prosecutors said that David Lewalski, Botfly’s now-imprisoned operator, […]

UPDATE: Wealth4AllTeam, one of the many HYIP schemes pushed by Zeek Rewards “I Got Paid” cheerleader “Ken Russo,” reportedly was using I-Payout as a payment facilitator, according to new Ponzi-forum reports. Wealth4AllTeam appears to have suspended operations, leaving the Ponzi forums in an uproar amid claims that it is transitioning to a new business model […]

BULLETIN: (UPDATED 6:10 P.M. EDT (U.S.A.) North Dakota Attorney General Wayne Stenehjem has issued a cease-and-desist order against Kenneth Jacobi and his company, XM Brands Inc., amid allegations of deceptive trade practices in the sale of acai berry and teeth-whitening products on the Internet. Jacobi’s enterprises are based in Hollywood, Fla. In the order, North […]

An attorney who represented AdSurfDaily President Andy Bowdoin in state court in Florida has been nominated by President Obama to become the new U.S. Attorney for the Northern District of Florida. If confirmed by the Senate, Pamela Cothran Marsh would replace Thomas F. Kirwin as the top federal prosecutor in the region, which encompasses 23 […]

The FTC and Florida Attorney General Bill McCollum have charged a Florida company that “touted a phony cure for alcoholism” with false advertising claims, false efficacy claims, false privacy claims, false claims about professional qualifications, unauthorized billing and deceptive trade practices. Among the allegations in a civil lawsuit against Alcoholism Cure Corp. were that it […]

To many residents of Florida, Michael Riolo was their Bernard Madoff. Riolo, 38, of Boca Raton, was sentenced to more than 24 years in prison (293 months) today for bilking investors in a $44 million Ponzi scheme. The scheme began in 1999 and collapsed in 2008. “During these tough economic times, it is more important […]

EDITOR’S NOTE: This story about filings in a racketeering lawsuit against AdSurfDaily President Andy Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby also includes an update on a lawsuit filed last year against ASD by Florida Attorney General Bill McCollum. The information is under a subhead below. Although U.S. District […]

While some members of the “Surf’s Up” Pro-ASD forum are sending letters to Sen. Patrick Leahy (D.-Vermont)  in a bid to get him to endorse Ponzi schemes, Florida Attorney General Bill McCollum is working with legislators to strengthen securities and fraud laws. And McCollum also is working with AARP to strengthen the laws. Last year, […]