NEWS: A member of the Pro-AdSurfDaily Surf’s Up forum says he is willing to “Bear Arms in line with the Bill of Rights” and storm Washington, D.C., if a “militia” can be formed.
In a separate thread, the poster said the government ruined his life last year when it seized assets tied to the Florida autosurf firm and that he is ready to fight to the “DEATH.”
“If anyone from the US Government reads this,” the poster said, “yes[,] look out because you are now my enemy. May God Bless Andy [Bowdoin] and all ASD members. I’m done with working within the system. I will destroy the entire US Government if that is what it takes to serve justice for ASD members.”
The incendiary remarks were contained in two threads, one of which was titled “Letter from Andy.” A poster within the thread had criticized Bowdoin for not conducting a conference call he had promised nearly three months ago in a letter to members published at Surf’s Up, opining that Bowdoin should get “jail time.”
In response to the post critical of Bowdoin, yet another poster appealed to the Surf’s Up Mods to cleanse the forum of “rats.” A Mod assured the poster that, if the purported rat again posted “negative garbage” about Bowdoin, the offending post would be deleted.
The Mod said nothing about the “militia” post.
NOTE: In court filings in a racketeering lawsuit against Bowdoin, ASD attorney Robert Garner and Golden Panda Ad Builder President Clarence Busby, one of Busby’s pleadings defines him as a minister of 30 years’ standing and uses the abbreviation “Rev.” at least 120 times.
Golden Panda has ceded to the government more than $14 million it had gathered in only days last summer as the so-called “Chinese” version of ASD. In the months that followed, a new, Busby-connected surf known as BizAdSplash (BAS) opened, touting an offshore location.
Early promoters identified Busby as the owner, but others defined him as a consultant.
As a marketing proposition, identifying Busby in any capacity of authority at BAS was odd regardless of any title he held, in no small part because he consented to the forfeiture of Golden Panda’s assets in September, saying he had relied on ASD’s assertions that the program was legal.
Only in the incongruous world of the autosurf could a man responsible for a stunning, $14 million loss of investor funds be positioned as a marketing plus.
Work-around?
One seized Golden Panda account contained precisely $6 million, according to federal prosecutors.
Choosing his words carefully in a sworn court filing in August, Busby said none of the Golden Panda money came from Bowdoin or ASD, that Busby had provided an unspecified amount of “seed” capital from his real-estate business and that Golden Panda “obtained all other start up money from 34 founders.”
Amounts Busby provided personally or obtained from the “founders” weren’t disclosed in Busby’s filing.
Busby’s filing, however, did not rule out the possibility that one or more “founders” provided capital from “profits” paid to them by ASD and deposited in their individual bank accounts and that “profits” then were forwarded to Golden Panda.
Nor does it rule out the possibility that Golden Panda seed money from one or more “founders” flowed to the company after the “founders” deposited checks from individual ASD downline members in the “founders’” private bank accounts, shifted a corresponding amount of “ad-packs” to ASD downline members by using ASD’s internal system, and then forwarded the desposit amount or portion thereof to Golden Panda, instead of ASD.
Busby said a prosecution claim that a “majority” of Golden Panda’s funds came from ASD was “false.”
There have been numerous reports that ASD prospects paid sponsors directly for ad-pack purchases, that the sponsors deposited the money in their individual checking accounts at their local banks and then used ASD’s internal system to transfer ad-packs to the individual prospects.
The approach was pitched as a work-around, because ASD was having trouble posting payments from individual members and getting them started in the “rebate” program, which was purported in advertisements to pay 1 percent a day or 30 percent a month.
Given this scenario, it is possible that huge sums paid by ASD “rally” attendees were deposited into the private bank accounts of individual ASD promoters and that the deposits were routed directly to Golden Panda, instead of ASD.
“Neither Bowdoin nor ASD provided any capital,” Busby said.
Busby’s claim about Golden Panda’s seed money would be true — at least in a technical sense — if any of Golden Panda’s “founders” also were ASD promoters who deposited money from ASD downline members directly in the promoters’ back accounts, transferred a corresponding amount of ad-packs to the members using ASD’s internal system, and then forwarded the funds to Golden Panda, instead of ASD.
It is known that at least one of Golden Panda’s “founders” was a highly visible ASD promoter who helped the company organize rallies at which millions of dollars were collected. It also is known that some ASD prospects who attended the rallies paid sponsors directly for “ad-pack” purchases and that the sponsors deposited the money in their individual checking accounts and transferred a corresponding amount of “ad-packs” to the prospects by using ASD’s internal system.
It is possible that a significant chunk of the money seized from Golden Panda originated with one or more “founders” who initiated private ad-pack transactions with individual ASD downline members, deposited the sums in their personal checking accounts and forwarded the funds to Golden Panda.
‘Chief Consultant’
Busby now has officially been declared the “Chief Consultant” of BAS, in a news released marked a “must read” at the BAS website.
Unlike Busby’s court filings in the RICO case, the BAS news release does not identify him as a minister or use an abbreviation such as “Rev.” It simply identifies him as “Clarence Busby.”
Busby was enjoined by a federal judge in the 1990s from breaking securities laws, after he was implicated in three prime-bank schemes by the Securities and Exchange Commission. The government took mercy on Busby, waiving certain financial penalties and not interfering in a bankruptcy petition he filed.
In the BAS news release, Busby assured members that BAS had “spent a tremendous amount of time and thousands of dollars on economists, attorneys and other professionals and with their advice have built this company in a very responsible manner.”
Busby did not identify the economists, attorneys or other professionals. Nor did he mention the past encounter with the SEC or the current litigation involving ASD and Golden Panda Ad Builder. Busby did, however, provide an inspirational quotation from auto tycoon Henry Ford.
Mum’s The Word
Elsewhere on the news pages of BAS, the company urged members not to contact vendors associated with its use of MasterCard with any questions about the BAS program. The information appeared under a bright red headline titled, “URGENT INFORMATION FOR MASTERCARD USERS.”
“At Biz Ad Splash, we have worked very hard to develop great relationships with some of the finest international banking services available,” BAS said. “We continually strive to maintain a good standing with these institutions in order to provide the best services possible to the Customer/Associates of Biz Ad Splash.”
Last year, ASD announced that it was finalizing a deal with a company known as Praebius Communications that would result in a cash infusion of $200 million. ASD withdrew the news release after members responded by contacting Praebius in a bid to confirm or deny the deal.
Some ASD members were infuriated that other members actually questioned the claim, describing even rational doubts as an act of disloyalty.
In its MasterCard news release, BAS openly discouraged members from contacting any vendors to get answers to questions.
“[W]e strongly urge our Biz Ad Splash Customer/Associates not to contact these vendors with questions concerning withdrawal requests or Biz Ad Splash card deposits,” BAS said.
