
Federal prosecutors say Andy Bowdoin scammed investors in a securities swindle in the 1990s. They add that one of his partners in the autosurf trade was accused by the SEC in the 1990s of pitching a prime-bank swindle.
Bowdoin, 76, was arrested in December on charges that he presided over an autosurf Ponzi scheme known as AdSurfDaily between 2006 and 2008. Among the allegations against Bowdoin was that the original iteration of ASD collapsed in a pile of Ponzi dust — and that Bowdoin simply started a new autosurf scheme to replace the collapsed one.
After Bowdoin started his replacement fraud scheme in 2007, he then presided over efforts to start at least two additional autosurf fraud schemes. Those criminal efforts became hugely successful in 2008, sucking in at least $110 million, prosecutors said.
Bowdoin, a self-described “money magnet,” now is using a video pitch to raise $500,000 for his criminal defense. The accused con man now says an email “blast” to 77,000 ASD members he hopes will provide the funds to pay his lawyers will take place today after having been postponed last week.
And Bowdoin, who once referred to the U.S. Secret Service and federal prosecutors as “Satan” and claimed God was on his side, says he will launch a Facebook fan page “THIS WEEKEND” to bolster his fundraising efforts, according to an email some ASD members received today.
Some ASD members have referred to the Secret Service and prosecutors as “goons” and “Nazis.” Others circulated a prayer calling for Bowdoin’s accusers to be struck dead from the heavens.
In 2008, a federal judge presiding over a civil-forefeiture case involving about $80 million in seized funds linked to ASD was described as “brain dead” if she ruled against the firm.
After the judge issued a key ruling against against the company, she was described as the operator of a “Kangaroo Court” who was conspiring with another federal judge also said to be operating a “Kangaroo Court.”
Bowdoin, though, blamed his losses in the civil case — which included orders of forfeiture totaling about $80 million — on a “single, lone” judge.
He also blamed his original attorneys and prosecutors. Bowdoin’s fundraising video in which he blamed the judge was released on the Internet on July 26, four days after he made his most recent appearance before the judge.
Although the video initially advertised a July 15 launch date, that launch date was postponed until July 20 — and then until July 26.

UPDATED 11:23 A.M. EDT (U.S.A.)