forfeiture

PP Blog Tag archives on references to "forfeiture."

As anticipated, the government has filed papers to finalize the forfeiture of more than $14 million seized from Bank of America accounts controlled by Golden Panda Ad Builder President Clarence Busby and his daughter, Dawn Stowers. Busby surrendered claims to the funds in September. Earlier today the government set the official total of funds seized […]

On Feb. 27, ASD President Andy Bowdoin — acting as his own attorney — filed a motion to rescind a decision he made in January to submit to the forfeiture of tens of millions of dollars and real estate seized by the government in a wire fraud, money-laundering and Ponzi scheme investigation. Federal prosecutors, on […]

Prior to submitting to the forfeiture of tens of millions of dollars in January, AdSurfDaily President Andy Bowdoin signed a proffer letter and told investigators that the government’s material allegations all were true, federal prosecutors said late this afternoon. The explosive revelation came in the form of a memorandum filed in response to a pro […]

UPDATED 8:33 P.M. EDT (U.S.A.) A federal judge said one of ASD President Andy Bowdoin’s pro se pleadings to reverse his earlier decision to submit to the forfeiture of proceeds seized by the government in a Ponzi scheme case cited no law. Bowdoin’s pleading appeared to presume that the filing alone achieved the goal of […]

UPDATED 1:31 P.M. EST (U.S.A.) Nearly two months have passed since federal prosecutors went to court and filed a second forfeiture complaint against assets tied to AdSurfDaily Inc., an alleged $100 million Ponzi scheme. The document was filed Dec. 19, about a week before Christmas. As of the morning of Feb. 6, 2009, no party […]