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Ad Surf Daily Caught Up In Multiple Investigations By State And Federal Authorities
Posted 08-06-2008 at 07:40 PM by Patrick Pretty
AdSurfDaily, also known as ASD Cash Generator, has been the topic of considerable discussion on the Warrior Forum.
Longtime Warriors cautioned newer Warriors against getting involved in the program, citing Ponzi and Pyramid concerns.
On Aug. 1, an ambiguous message began to appear on ASD's website. This message suggested that the U.S. Attorney in Washington, D.C., was investigating the business practices of ASD Cash Generator.
Yesterday (Aug. 5, 2008), U.S. Attorney Jeffrey A. Taylor filed a forfeiture complaint. Investigators labeled ASD a "wire-fraud" scheme and a Ponzi. Working with the U.S. Secret Service, the IRS and other investigative agencies, Taylor filed papers to seize $53 million from ASD and two homes.
One of the homes is in Myrtle Beach, S.C.; the other is in Quincy, Florida. The government claimed the homes had been purchased with ASD funds, not the private funds of ASD President Thomas "Andy" Bowdoin.
Today Florida Attorney General Bill McCollum filed a lawsuit against ASD, Andy Bowdoin and his wife, Faye Bowdoin. McCollum is alleging deceptive trade practices. Authorities said ASD collected close to $100 million at recent rallies in Tampa and Miami.
There is considerable discussion about these issues on my Blog:
http://patrickpretty.com/blog.html
The issues presented in this case are important to Internet Marketers, perhaps especially beginners and inexperienced marketers. It's a case worth following -- and you're apt to learn a lot by keeping abreast of developments.
It is clear that the U.S. government takes a very dim view of "autosurf" programs that advertise payouts for viewing ads online.
Longtime Warriors cautioned newer Warriors against getting involved in the program, citing Ponzi and Pyramid concerns.
On Aug. 1, an ambiguous message began to appear on ASD's website. This message suggested that the U.S. Attorney in Washington, D.C., was investigating the business practices of ASD Cash Generator.
Yesterday (Aug. 5, 2008), U.S. Attorney Jeffrey A. Taylor filed a forfeiture complaint. Investigators labeled ASD a "wire-fraud" scheme and a Ponzi. Working with the U.S. Secret Service, the IRS and other investigative agencies, Taylor filed papers to seize $53 million from ASD and two homes.
One of the homes is in Myrtle Beach, S.C.; the other is in Quincy, Florida. The government claimed the homes had been purchased with ASD funds, not the private funds of ASD President Thomas "Andy" Bowdoin.
Today Florida Attorney General Bill McCollum filed a lawsuit against ASD, Andy Bowdoin and his wife, Faye Bowdoin. McCollum is alleging deceptive trade practices. Authorities said ASD collected close to $100 million at recent rallies in Tampa and Miami.
There is considerable discussion about these issues on my Blog:
http://patrickpretty.com/blog.html
The issues presented in this case are important to Internet Marketers, perhaps especially beginners and inexperienced marketers. It's a case worth following -- and you're apt to learn a lot by keeping abreast of developments.
It is clear that the U.S. government takes a very dim view of "autosurf" programs that advertise payouts for viewing ads online.
Total Comments 1
Comments
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The saddest part will be to see quite a few of the victims throw more money at the next scam in a desperate bid to recoup some of their losses. Hopefully, you spreading the word will make some of the potential victims think twice before handing over more money to predators....Posted 08-06-2008 at 08:42 PM by Melkor
