RICO

It was before Bernard Madoff and before Sir Allen Stanford. President Obama was candidate Obama. Sarah Palin, the little-known governor of Alaska, would not become part of the public consciousness for nearly another month. Few people had heard of the so-called “Arby’s Indians.” Fewer yet could instantly place Uruguay or Panama on a map or […]

A federal judge has granted a motion by Bank of America to stay a case in which it was alleged to have aided and abetted racketeers operating a Ponzi scheme from a former flower shop in Quincy, Fla. The bank was not named a RICO defendant in the lawsuit, which was filed by members of […]

UPDATED 10:23 A.M. EDT (U.S.A.) A federal judge should grant Bank of America’s motion to stay a case in which the bank is alleged to have aided and abetted a racketeering scheme because the plaintiffs already have a remedy and their argument is fatally deficient, the bank argued yesterday. Moreover, the bank argued, the government […]

A federal judge should deny Bank of America’s motion to be dismissed as a defendant in a case that alleges it aided and abetted racketeers operating a massive Ponzi scheme from a former floral shop in Quincy, Fla., the plaintiffs argued yesterday. Bank of America is not named a RICO defendant in the case, which […]

AdSurfDaily attorney Robert Garner “was one of the architects of the ASD Ponzi scheme,” plaintiffs suing Garner for racketeering said yesterday. Garner was “a director of ASD and outside counsel for ASD,” the plaintiffs said. “He appeared on various Internet videos where he attested to the bona fides of the ASD, among other numerous false statements, […]

Plaintiffs suing AdSurfDaily President Andy Bowdoin for racketeering added two more attorneys to their roster this morning and have added a total of four since June 24. The plaintiffs now have attorneys in Washington, D.C., Phoenix, San Francisco and Mill Valley, Calif., on their side, perhaps with more formal notices of appearance to follow. Today’s […]

UPDATED 2:03 A.M. EDT (July 4, U.S.A.) In the past few days, the AdViewGlobal (AVG) forum has closed, reopened, and closed again. The actions occurred in the wake of complaints from members who have been pleading with the company to provide understandable explanations and to stop blaming participants for AVG’s seeming inability to explain itself. […]

UPDATED 9:47 P.M. EDT (U.S.A.) AdViewGlobal has disabled its forum. The move followed on the heels of complaints from members that the surf company was confusing them when trying to explain its new pay-out program. The payout program was introduced with great fanfare today, and included a prediction that AVG would become a Fortune 500 […]

UPDATED 1:26 P.M. EDT (U.S.A.) AdViewGlobal has been cited in a racketeering lawsuit against AdSurfDaily President Andy Bowdoin as an extension of ASD. In a motion filed this morning, the plaintiffs pointed out that a bank had closed a Bowdoin account while he was running ASD, after suspicious banking activity triggered Ponzi concerns. The plaintiffs […]

Three members of AdSurfDaily Inc. who sued Golden Panda Ad Builder President Clarence Busby amid allegations of racketeering have asked a federal judge to dismiss the allegations against Busby. Meanwhile, Bank of America has asked the judge to stay the case until a federal forfeiture proceeding invoving AdSurfDaily and Golden Panda is adjudicated. In essence, […]

Bank of America has asked U.S. District Judge Rosemary Collyer to hear oral arguments in its bid to be dismissed as a defendant in a lawsuit that alleged it aided and abetted a Ponzi scheme operated by alleged racketeers associated with Florida-based AdSurfDaily Inc. Federal prosecutors seized at least $79.8 million from 15 bank accounts […]