Federal prosecutors have filed an affidavit that seeks to give the government permanent control over more than $65.8 million seized from 10 bank accounts in the name of AdSurfDaily President Andy Bowdoin.
Prosecutors already have permanent control over money seized from the bank accounts of Golden Panda Ad Builder in the same case.
Today’s move against ASD’s bank accounts followed quickly on the heels of a ruling Tuesday by U.S. District Judge Rosemary Collyer that Bowdoin would not be permitted to reassert claims to the money. Prosecutors said they intend to implement a restitution program for victims of the alleged ASD Ponzi scheme.
“[T]he time for filing pleadings to intervene has expired,” said Barry Wiegand, one of the prosecutors handing the case, in today’s affidavit.
In all, the government seized $65,838,999.70 from Bowdoin’s bank accounts, according to court filings.
The largest Bowdoin account contained more than $31.6 million. Another Bowdoin account contained more than $23.7 million. A third Bowdoin account contained more than $4.99 million. (An additional $107 would have made it an even $5 million.)
Three Bowdoin accounts contained the exact same amount: $1,000,338.91. Three other accounts contained smaller amounts, and one additional account contained more than $1.088 million. Bowdoin’s smallest account contained $13,286, prosecutors said.
Bowdoin surrendered claims to the money in January. He attempted to reassert his claims in February. Collyer ruled Tuesday that he would not be permitted to reenter the case.
Today’s affidavit by the prosecution asks the Clerk of Court to enter a default notice. The default would become finalized with a formal order of forfeiture from Collyer, meaning the government would perfect its title to the money.
In July, Collyer signed an order of forfeiture against assets once held by Golden Panda Ad Builder, giving the government formal title to more than $14 million seized from Golden Panda. Golden Panda ‘s assets were seized as part of the ASD probe.
Golden Panda President Clarence Busby’s five accounts — some of which also included the name of his daughter, Dawn Stowers — contained $14,045,598.07 in total, prosecutors said. The largest account contained exactly $6 million. Another Busby account contained more than $3.007 million. A third Busby account contained more than $2.282 million. A fourth Busby account contained more than $1.642 million. Busby’s smallest account contained more than $1.112 million.
In May, prosecutors tallied the ASD money as follows:
(a) $1,088,246.48 from account #[deleted by this Blog] at Bank of America, in the name of
Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(b) $31,674,039.13 from account #[deleted by this Blog] at Bank of America, in the name of
Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(c) $937,470.18 from account #[deleted by this Blog] at Bank of America, in the name of
Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(d) $13,286.89 from account #[deleted by this Blog] at Bank of America, in the name of
Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(e) $403,791.04 from account #[deleted by this Blog] at Bank of America, in the name of
Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(f) $4,999,893.00 from account #[deleted by this Blog] at Bank of America, in the name of
Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(g) $23,721,256.25 from account #[deleted by this Blog] at Bank of America, in the name of
Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(h) $1,000,338.91 from account #[deleted by this Blog] at Bank of America, in the name
of Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(i) $1,000,338.91 from account #[deleted by this Blog] at Bank of America, in the name
of Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY;
(j) $1,000,338.91 from account #[deleted by this Blog] at Bank of America, in the name
of Thomas A. Bowdoin, Jr., Sole Proprietor, DBA ADSURFDAILY.
Golden Panda money was tallied as follows in May:
(k) $2,282,999.72 from account #[deleted by this Blog] at Bank of America, in the name of
Clarence Busby Jr. and Dawn Stowers, DBA Golden Panda Ad Builder Deposit
Account;
(l) $1,112,978.42 from account #[deleted by this Blog] at Bank of America, in the name of
Clarence Busby Jr. and Dawn Stowers, DBA Golden Panda Ad Builder Operating
Account;
(m) $1,642,039.08 from account #[deleted by this Blog] at Bank of America, in the name of
Clarence Busby Jr. and Dawn Stowers, DBA Golden Panda Ad Builder Cashout
Account;
(n) $6,000,000.00 from account #[deleted by this Blog] at Bank of America, in the name
of Golden Panda Ad Builder; and
(o) $3,007,580.85 from account #[deleted by this Blog] at Bank of America, in the name
of Golden Panda Ad Builder.
The government seized more than $79.88 million combined from the bank accounts of ASD and Golden Panda.