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Thread: Andy bowdoin is arrested!!

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    Wizzard7's Avatar
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    Andy bowdoin is arrested!!

    In a breaking bulletin on Patrick Pretty's blog, we find the following information:

    AdSurfDaily President Andy Bowdoin has been arrested by federal agents in Florida after an indictment was unsealed this morning that charged him with five counts of wire fraud, one count of securities fraud and one count of unlawful sale of unregistered securities.

    It's about damn time !!!!!
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    Re: Andy bowdoin is arrested!!

    What can I say but Hallelujah!!!

    I hope to see many more scammers behind bars and will do everything in my power to assist with such efforts. It has been years since I performed the Hallelujah Chorus with the Dallas Symphony orchestra, but this development sure makes me want to sing!

    Soapboxmom

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    Re: Andy bowdoin is arrested!!

    Wall Street Journal

    Florida Man Indicted For Fraud Linked To Online Ad Company - WSJ.com
    DECEMBER 1, 2010, 7:10 P.M. ET

    Florida Man Indicted For Fraud Linked To Online Ad Company

    A Florida man was indicted on fraud charges linked to his online advertising company, which U.S. attorneys claim was actually a Ponzi scheme that garnered more than $110 million in investments.

    Thomas A. Bowdoin Jr., also known as Andy Bowdoin, founded AdSurf Daily Inc. and operated it for about two years starting in September 2006 on such sites as adsurfdaily.com, adcashgenerator.com and www.lafuentedinero.com.

    The indictment alleges that Bowdoin referred to his investors as members, their investments as ad packages and their returns as rebates to avoid regulatory scrutiny. He promised to pay a high return--ranging from 125% to 150%--on each dollar invested if members agreed to view a couple of websites for a few minutes each day, and he also pledged commissions for referrals to other to join the scheme. The business drew a large number of investors across the U.S. and in other countries.

    The Justice Department claims Bowdoin used more than $31 million to make payments to early members, more than $8 million to operate the company and promote it to subsequent members and more than $1 million for his own personal benefit or the benefit of his family. Of the $31 million he paid to early investors, 98% of it came from other investors' funds.

    The indictment consisted of five counts of wire fraud, one count of securities fraud and another count for unlawful sale of unregistered securities.

    The charges could result in a maximum sentence of 125 years in prison and fines worth up to $6.2 million.
    Ignorance more frequently begets confidence than does knowledge: it is those who know little, and not those who know much, who so positively assert that this or that problem will never be solved by science. -C. Darwin

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    Re: Andy bowdoin is arrested!!

    Here's a link to the Release Order and the conditions Andy must abide by:

    http://assets00.grou.ps/0F2E3C/wysiw...sojqd/Doc3.pdf
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    Re: Andy bowdoin is arrested!!

    And here are the Clerk's Minutes from the bail hearing:

    http://assets00.grou.ps/0F2E3C/wysiw...sojqd/Doc2.pdf

    Andy wants a trial, and says he has "experts" lined up to testify on his behalf. Last time he used "expert" witnesses they hurt him more than helped him (Remember Gerald Nehra??) It's gonna get interesting. I for one will probably have a large PACER bill before it is all over.
    Last edited by Wizzard7; 12-04-2010 at 10:06 AM.
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    Re: Andy bowdoin is arrested!!

    It's a shame the good old "Surfs Up" forum is down, Kat ,Barb and Terralynn could be telling us what a "slam dunk" case Andy's lawyers have and how the prosecutors look like "Gomer Pile." It will be interesting to see how Ad View Global will be mentioned at trial, even if only in relation to the sentencing hearing.

    From nomaxim's cite:

    Of the $31 million he paid to early investors, 98% of it came from other investors' funds.
    I'd love to see that percentage accounted for because I rather doubt that even 2% of ASD's payouts came from any source other than new investors money.
    So your prophets of finance have fallen on their collective proverbial face, and you hear muffled voices calling: Welcome to the human race.
    You made a killing dealing real estate at NASA selling cemetery plots in outer space til some falling coffins crashed upon your doorstep: Welcome to the human race.

    Open up your heart...

    Welcome to RealScam.com.

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    wserra is offline Senior Member
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    Re: Andy bowdoin is arrested!!

    Bowdoin was arraigned on the indictment in DC several days ago. The proceeding earlier this month, in Florida where he lives, was simply a return on the warrant that resulted from the indictment, where he was released on his bond to appear in DC.

    If someone here is unfamiliar with indictments: this one is much more helpful than usual. It shows how ASD tried to cover its substance - a ponzi - with a series of smokescreens. Equally importantly, it show how law enforcement (if they ever get around to prosecuting, something that doesn't happen often enough) will not only ignore the BS, but will affirmatively use it against the scammers. The argument is something that jurors find simply a matter of common sense: if what you are doing is legitimate, there is no need to pile on layer after layer of "compensation plan" mumbo-jumbo and outright lies.

    In addition to the fraud and unregistered securities counts, Bowdoin faces criminal forfeiture - the govt claims $110M. This one should be passed around far and wide.

    I'm curious about the role that Gerald Nehra - a Michigan lawyer who styles himself an MLM "expert" - will play in this, if any. As some of you may know, he testified on behalf of ASD in the earlier civil forfeiture proceeding - before the same judge. Back then, Judge Collyer described his testimony in one of the most genteel euphemisms I've ever seen in an opinion - he "demonstrated the fallibilities of the professional expert witness". I think we can all translate that into the vernacular.

    BTW, Merry Christmas, everybody (except for pyramid scammers).

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    Re: Andy bowdoin is arrested!!

    I see patrickpretty.com has some new info on Andy. However, when I posted in my scam and fraud forum in Adland yesterday, one of his true supporters and believers retaliated. It seems my friend may be in more trouble than she realizes. You can read it here and post if you want to. I am sorry to hear this but there is not much more I can do. I am glad that the SEC is hunting down and arresting this scum that feeds off little people. Wonder when they will have the trial.

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    Re: Andy bowdoin is arrested!!

    It's ironic. When the SEC failed to catch Bernard Maddoff out in time, they were heavily criticized by just about everyone, but when they do their job, they are the bad guys for some.

    Just a note - the raid on AdSurfDaily was not made by the SEC, it was made by the US Secret Services. Equally, although securities fraud has been included in the charges, wire fraud and money laundering are also on the list of criminal charges, which again are being brought by the Attorney General not the SEC.

    If anyone is sufficiently delusional as to imagine that a two bit felon with previous securites felonies to his name, who mounted a ponzi scheme that ruined many of his victims is a hero, then they have my deepest sympathy.

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    A Life Aloft is offline fled troglodyte invasion
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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by honestme11 View Post
    I see patrickpretty.com has some new info on Andy. However, when I posted in my scam and fraud forum in Adland yesterday, one of his true supporters and believers retaliated. It seems my friend may be in more trouble than she realizes. You can read it here and post if you want to. I am sorry to hear this but there is not much more I can do. I am glad that the SEC is hunting down and arresting this scum that feeds off little people. Wonder when they will have the trial.
    Personally, I cannot imagine registering/signing up for and posting on Adland. Especially with the morons who belong there who make such ignorant statements such as "If you know anything about what is going on in this dark world you would know that the dark Cabal is with the SEC." LMAO WTF? These people are idots and fruitcakes. Invite her over here, let's see how long she lasts. Hell, the Scams and Online Fraud forum itself is mostly made up of scammers. That place is a waste of time, much like TalkGold, Scam and MMG.
    Last edited by A Life Aloft; 03-17-2011 at 12:14 PM.

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    littleroundman is offline Administrator
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    Re: Andy bowdoin is arrested!!

    You'd would think that there'd come a point when anyone with a grain of sense would realize they'd been shafted, but no.

    I've seen cases where "members" continued to protest the innocence of a fraudster even AFTER he had pleaded guilty and commenced his sentence.

    By invoking the old "dark cabal" defense, victims have effectively covered their as**s against any eventuality.

    The defendant pleads guilty ? He was obviously forced into it by the "dark cabal" threatening his family.

    The defendant is found guilty ?? Obviously the "dark cabal" owns the judge and paid off the jury.

    There are no funds left for the receiver to distribute ?? The "dark cabal" has spirited them away for its' own nefarious purposes.

    In 5 or 10 years time there will STILL be someone, somewhere cursing the ebil gubmint, the "dark cabal" and the illuminati/freemasons/Joos for stealing their money and keepin' da li'l guy down.
    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by A Life Aloft View Post
    Personally, I cannot imagine registering/signing up for and posting on Adlland. Especially with the morons who belong there who make such ignorant statements such as "If you know anything about what is going on in this dark world you would know that the dark Cabal is with the SEC." LMAO WTF? These people are idots and fruitcakes. Invite her over here, let's see how long she lasts. Hell, the Scams and Online Fraud forum itself is mostly made up of scammers. That place is a waste of time.
    Spot on, ALA! Why waste bandwidth and time signing up to try to convince her that the Kool-Aid is poisoned? I have been following ASD since day one, and in his inimitable frog-on-a-hot-griddle approach, Andy has admitted he's a scam, retracted he's a scam, etc, etc ad nauseum. She needs to take off the blindfold so she can see the train coming!

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    Re: Andy bowdoin is arrested!!

    Thanks everyone for the comments. Where do you guys hangout? Are you on FaceBook, LinkedIn, TG, Twitter, or the MMG? I hang out on Adland and Facebook for the most part. Have another place I like to visit and listen to my friends sing - SingSnap.com, it is fun if you are into Karaoke. My focus is the Arts and love of Nature but I decided to learn what I could about internet crime and if there is a way to help someone, I will try it. For the most part, people don't want to know the truth, they like giving their money away and turning a blind eye to facts. It is true, you cannot help those people. However, once in a while someone pays attention and for that one person, it is worth it to me.

    I am an encourager and know that I have helped people to do some things they have always wanted to do but never had the 'guts' to just go for it. They have started writing poetry, painting pictures, singing and loving what they do just because someone like me gave them the encouragement they needed. That is not a waste of my time. If I can help someone feel good about themselves even when the world has kicked them down (as it has me several times), then I feel it is worth it.

    I hope Andy Bowdoin and his supporters get what is due them. As far as Adland, yes I am more than likely pushing my luck a little far there, time will tell.

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    WishfulThinking is offline Foundling Member
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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by A Life Aloft View Post
    Personally, I cannot imagine registering/signing up for and posting on Adland. Especially with the morons who belong there who make such ignorant statements such as "If you know anything about what is going on in this dark world you would know that the dark Cabal is with the SEC." LMAO WTF? These people are idots and fruitcakes. Invite her over here, let's see how long she lasts. Hell, the Scams and Online Fraud forum itself is mostly made up of scammers. That place is a waste of time, much like TalkGold, Scam and MMG.
    I cant help having a certain sympathy for your point of view on the subject of AdlandPro. It really is time that some of them broke out of their cosy Adland "family fest" and took a look at what the outside world has to say about the stuff they promote there.

    Having said that, they WILL be treated respectfully by the vast majority of members here - as long as they post respectfully

    Had they made the incursion into the outside world before, some of them might have saved themselves the losses they will have undoubtedly incurred through joining AdSurfDaily and can still save themselves from participating in other fraudulent schemes.

    Some of the promoters there would be well advised that ignorance of the law is not going to save them if they are one day charged civilly or criminally for their participation in a fraud. The authorities have woken up to the fact that it is not only the owner of a fraud who must take the legal responsibility, but are starting to include promoters in the prosecution sack. It is not a surprise that the latest court document from Judge Collyer mentions one of the leading ASD promoter/insiders by name and that their bank account has seized in forfeiture (Erma Seabaugh.of ASD and AV4U fame) and there will surely be more names to come.

    You can only offer people data and warn them, but if they chose to ignore the information, then they have to take full responsibility for their actions.

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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by WishfulThinking View Post
    Had they made the incursion into the outside world before, some of them might have saved themselves the losses they will have undoubtedly incurred through joining AdSurfDaily and can still save themselves from participating in other fraudulent schemes.
    I was one who was slow to wake up to the fact that Adland was nothing but a stinking sewer and I am very sorry indeed. The news that Andy Bodoin has been arrested along with the information that promoters will not get away, should bring a number of ex Adlanders over here to help us get the abominable place closed down.
    Last edited by path2prosperity; 03-18-2011 at 12:26 PM.

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    Re: Andy bowdoin is arrested!!

    What is truly remarkable is that ASD has been recognised as a scam since shortly after the Secret Service raid and the revelation that Bowdoin's track record was not quite what he had led his members to believe, even on the normal ponzi hype boards, but the infamous AdlandPro still hangs on to its conspiracy theories.

    The majority of those who pimped ASD have either seen the light, or moved on to their next scam. Many are keeping a very low profile and hoping their name is not on the Attorney General's list but at Adland they continue to publically support a man who all but the craziest conspiracy theorists have walked away from.

    I think "Crazy Farm" would be a more fitting description than "cesspit" for that particular "business networking forum". The lunatics have taken over the asylum. lol

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    Re: Andy bowdoin is arrested!!

    Yep...! Here's a test to see if you are a conspiracy theorist:

    The government obtained a confession from Andy Bowdoin that ASD was a Ponzi by taking him in a back room and:
    A) Beating it out of him:
    B) Drugging him:
    C)Threatening his family:
    D) Water-boarding:
    E) All of the above.

    Sorry, it was a trick question. If you answered with any of the choices, you are a confirmed conspiracy theory believer and love Kool-aid!

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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by honestme11 View Post
    Thanks everyone for the comments. Where do you guys hangout? Are you on FaceBook, LinkedIn, TG, Twitter, or the MMG?
    Personally, I would never have an account at TalkGold, AdLand or MMG. What would be the point? I have not posted on Scam in nearly a year nor will I ever again. I have a life, a career and a business to run, a wife, a family, friends, pets, hobbies and activites. I only have a limited amount of time/interest for the internet. I am simply too busy and have other priorities. I am old school. I do not even send text messages, nor do I receive them. I prefer to actually speak and hear a voice in reply. I do not and never will have a Blog, MySpace account, Twitter or Facebook account. I only post here and on a couple of aviation/pilot forums where I have been a long time member. I don't have the time nor the inclination to try and save the entire world from themselves on an ongoing basis or to be their personal cheerleader. lol But that's just me. Whatever anyone else chooses to do and how they live their lives, so be it.

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    Lil Ol' Radical Me's Avatar
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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by laidback View Post
    Yep...! Here's a test to see if you are a conspiracy theorist:

    The government obtained a confession from Andy Bowdoin that ASD was a Ponzi by taking him in a back room and:
    A) Beating it out of him:
    B) Drugging him:
    C)Threatening his family:
    D) Water-boarding:
    E) All of the above.

    Sorry, it was a trick question. If you answered with any of the choices, you are a confirmed conspiracy theory believer and love Kool-aid!

    Of course it was a trick question, because you withheld Option (F) they told him the faithful would still be allowed to bring him chocolate brownies in jail.
    Last edited by Lil Ol' Radical Me; 03-19-2011 at 02:49 PM.

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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by Lil Ol' Radical Me View Post
    Of course it was a trick question, because you withheld Option (F) they told him the faithful would still be allowed to bring him chocolate brownies in jail.
    I got kicked out of the Boy Scouts for.....oh never mind.( None of them were chocolate anyway)!

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    littleroundman is offline Administrator
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    Re: Andy bowdoin is arrested!!

    As expected, Both Bowdoins' latest attempts to delay the inevitable have been denied:



    The only thing necessary for the triumph of evil is for good men to do nothing

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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by honestme11 View Post
    Thanks everyone for the comments. Where do you guys hangout? Are you on FaceBook, LinkedIn, TG, Twitter, or the MMG? I hang out on Adland and Facebook for the most part.
    TG for me....
    ʎɐqǝ uo pɹɐoqʎǝʞ ɐ ʎnq ı ǝɯıʇ ʇsɐן ǝɥʇ sı sıɥʇ

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    Re: Andy bowdoin is arrested!!

    Quote Originally Posted by honestme11 View Post
    Where do you guys hangout? Are you on FaceBook, LinkedIn, TG, Twitter, or the MMG? I hang out on Adland and Facebook for the most part.

    I hope Andy Bowdoin and his supporters get what is due them. As far as Adland, yes I am more than likely pushing my luck a little far there, time will tell.
    I left Adland in 2006 and posted on most boards where naysayers were tolerated. I was banned from MCF for 15 years after criticising "nickers" Smirnow. Naysayers who include several posters here, were extremely happy when their combined efforts paid off with ASA and The Safelist. Those two were closed down.

    I used to hang out at WLD and I got to know some well known scam busters like Lynne Edgington over there. I will try to recruit some old WLD members to comment on this site as that place is loosing its punch. I still make the odd comment at TG as naysayers do get attention and I have made good friends. I hope to see more TG people here in the future.

    The fate of Adland will be determined when Bodoin trial starts and the reason for the Bogdan/Bachman combination of forces becomes more clear. Why should the owner give such allegiance to an unrepentant Bodoin promoter?

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    WishfulThinking is offline Foundling Member
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    Re: Andy bowdoin is arrested!!

    It just remains to see if Bowdoin will appeal the dismissal of his request to change venue or if he courts will stick to their decision to maintain the case in Washington DC. Judge Collyer made a very compelling point when she commented on the enormous expense of moving the government case to Florida whilst the rest of the country is trying to control public expenditure.

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