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hutch1c
Member
Joined: 21 Jun 2008
Posts: 36
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# Posted: 5 Aug 2008 18:17
The United States Attorney's Office in Washington, DC has released a press release calling AdSurfDaily a "massive internet-based wire fraud scheme" akin to a "Ponzi scheme masked as an advertising company." Ponzi schemes operate under the principle that money from new investors is used to pay off earlier investors until the whole scheme collapses.
The federal government has seized two homes, in Florida and South Carolina, and about $53 million, according to U.S Attorney Jeffrey A. Taylor and U.S. Secret Service Special Agent in Charge John Mrha in Orlando.
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paxkine
Member
Joined: 30 Jun 2008
Posts: 32
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# Posted: 5 Aug 2008 18:27
link please....
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phiwilli
Member
Joined: 10 Jul 2008
Posts: 14
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# Posted: 5 Aug 2008 18:30
http://tallahassee.com/apps/pbcs.dll/article?AID=/20080805/BREAKINGNEWS/80805011&GID= Dk9M9d4PZeqkd/xaTAqRH6W4y7ufMkAVrBkFsZlOkpQ%3D
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vickyS
Member
Joined: 1 Aug 2008
Posts: 6
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# Posted: 5 Aug 2008 18:34
I just checked the department of Justice website pressrelease, there is nothing about ASD. Suggestion: next time somebody post a factual announcement, please provide a link or prove as was suggested by paxkine.
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vickyS
Member
Joined: 1 Aug 2008
Posts: 6
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# Posted: 5 Aug 2008 18:38
I've seen it on Talahasee.com, but there is nothing on US AG web page.
Anybody knows what is the standard procedure in the case like that, shouldn't US Dept of Justice anounce it first?
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hutch1c
Member
Joined: 21 Jun 2008
Posts: 36
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# Posted: 5 Aug 2008 18:38
http://tallahassee.com/apps/pbcs.dll/article?AID=/20080805/BREAKINGNEWS/80805011&GID= Dk9M9d4PZeqkd/xaTAqRH6W4y7ufMkAVrBkFsZlOkpQ%3D
There are links on the side going to press releases.
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antwan
Member
Joined: 20 May 2008
Posts: 20
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# Posted: 5 Aug 2008 18:39
The link is there and verified through the Tallahassee Democrat website. It's over. Now what happens with the $53 million. Is there any chance of getting money back?
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vikingfan
Member
Joined: 18 Jun 2008
Posts: 86
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# Posted: 5 Aug 2008 18:41
Game over. Good to hear they have 53 million. Everyone should get a good chunk of money back.
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dillon o'shea
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Caterina
Member
Joined: 14 Jun 2008
Posts: 128
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# Posted: 5 Aug 2008 18:49
No, it ISN'T over......we're simply beginning the process of investigation....I'm actually glad to hear they're calling it a ponzi scheme, because that tells ME they aren't understanding, yet, how ASD works.....
IN the meantime, they've shut it down and seized assets until they get to the bottom of it.
The IRS does the exact same thing.........
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Kinglions175
Member
Joined: 16 Jul 2008
Posts: 25
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# Posted: 5 Aug 2008 18:53
Caterina, how can you be so sure even now? The U.S. attorney general has declared it a ponzi. Am I missing something?
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panman
Member
Joined: 13 Jul 2008
Posts: 11
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# Posted: 5 Aug 2008 18:53
This is unreal!! SECRET SERVICE involved?? What the heck is going on here?? I mean, - - SECRET SERVICE?? What are we dealing with here?
Is this a BIG global terrorist case??
All I can say is I was so happy with my advertising through both ASD and Golden Panda.
[Link removed - Admin]
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SixMinuteMan
Member
Joined: 2 Aug 2008
Posts: 13
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# Posted: 5 Aug 2008 18:55 � Edited by: SixMinuteMan
How's this for supporting documents....
http://tallahassee.com/assets/pdf/CD11468785.PDF
http://tallahassee.com/assets/pdf/CD11468685.PDF
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iggyigette
Member
Joined: 27 May 2008
Posts: 483
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# Posted: 5 Aug 2008 18:56
Will see if there is a Conference Call tonite...
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alasycia
Member
Joined: 4 May 2008
Posts: 292
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# Posted: 5 Aug 2008 19:01
Caterina: No, it ISN'T over......we're simply beginning the process of investigation....I'm actually glad to hear they're calling it a ponzi scheme, because that tells ME they aren't understanding, yet, how ASD works..... IN the meantime, they've shut it down and seized assets until they get to the bottom of it. The IRS does the exact same thing.........
CORRECT!!! And this is also in the press release
This matter is an ongoing investigation. No one has been criminally charged at this point
and every defendant is presumed innocent until and unless found guilty.
Most of us here are members of ASD. With a few exceptions, of members whose money has been delayed (not stolen - delayed) we have all had something good back from this company - advertising results, better traffic, contacts, sales and purchses and of course cash rebates on our advertising purchases.
This is just the beginning not the end. This company has been good to us and is a good honest company. The fact that the State has become involved does not make them right as many of you here will know only too well.
Now is the time for us demonstrate our support for Andy Bowdoin and AdSurfDaily. And stop waiting for the other guy to move first.
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Caterina
Member
Joined: 14 Jun 2008
Posts: 128
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# Posted: 5 Aug 2008 19:07
Kinglions175: Caterina, how can you be so sure even now? The U.S. attorney general has declared it a ponzi. Am I missing something?
What alasycia (Jenny) said.....smile......
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vikingfan
Member
Joined: 18 Jun 2008
Posts: 86
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# Posted: 5 Aug 2008 19:46
Bottom line, Andy is not the "good guy" we all thought he was. Felony charges in the past and many other things. We were scammed and it's finally time to admit it. We trusted he was doing things legally and legit and it just came back to bite us.
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dillon o'shea
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edenmarie
Member
Joined: 30 Jul 2008
Posts: 5
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# Posted: 5 Aug 2008 20:04
Seems to me a lot of people are jumping ship awfully quick. Im still standing behind ASD. Good things can happen.
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Eden Marie James
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nkelly
Member
Joined: 15 Jun 2008
Posts: 107
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# Posted: 5 Aug 2008 20:24
alasycia: This is just the beginning not the end. This company has been good to us and is a good honest company. The fact that the State has become involved does not make them right as many of you here will know only too well.
Jenny, surely you are more intelligent than that! Please don't let the side down. Any scheme that involves paying the people from new people joining is a Ponzi. It may be a watered down, covered up, partially legal scheme, but a Ponzi is a Ponzi and for those that got in early they were lucky. They, however, prospered at the expense of the new entrants and those that are hurt are the ones who lost their investment when the government shut it down (like me).
Think about it Jen. REALLY THINK!!!! You must have done the numbers, you must have worked out the targets that ASD had to meet to pay out their rebates. If it was so sustainable, why didn't a million other schemes just like it pop up. Why can't you start your own? You don't need ANY money.
To hear you defending the scheme to the bitter end is a bit embarrassing! I have lost $7,000 at this stage and am hoping that I will be refunded part of it in the years to come, but others have lost a lot more.
My advice to everyone "waiting" for this to come back to life because they "need it" is go find a proper way to earn a living! This was at best a way to make fast buck while it lasted and its time to look for another one if that's your goal! Even if by some miracle it does come back to life, it should never be anyone's long term prospect for a steady income. There are countless MLM companies that offer true business potential to work hard, make a dollar and sustain an income. Look at Quixtar! This was never like that. They had nothing to sell, no other possible form of income that could sustain the kind of profits they were touting.
I am sure that Andy is a very nice guy. I am sure he thought he was doing nothing technically illegal (nor his lawyers) and maybe they will not charge anyone, but the government really should protect the consumer from such crazy schemes that will at some point hurt the investor. That's what we pay taxes for!
Comparing this to the likes of Google, which has from the outset offered a genuine tangible service or product, is almost farcical.
Sorry if the truth hurts but I had to say something.
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Nicholas
Miami, FL
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WhiteSox
Member
Joined: 28 Jun 2008
Posts: 33
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# Posted: 5 Aug 2008 20:39
Boy everyone, Andy did a number on 100K plus people. Just read through the civil complaint and if anyone here hasn't read it, you need to see it. Andy turns out to be a complete and utter fraud and it even mentions him planning on buying a place out of the country. How he and others can use God to position themselves to deceive for profit is gut wrenching. I agree I was taken by this bunch and their lies. Kudos now to the Internet warriors who tried so hard to stop this before even more people suffered. I believed this man and his plan and feel like a complete moron. Justice should be served and action swift for all the people who had a master plan to steal. I just figured at some point the rebates would go away and I would have gotten tons of hits and hopefully my money back. Stupid me and others for getting duped by a supposed God fearing man. Shame on him! Apologies for all the die hard bashers who tried to warn us!
http://tallahassee.com/assets/pdf/CD11468785.PDF
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iggyigette
Member
Joined: 27 May 2008
Posts: 483
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# Posted: 5 Aug 2008 20:48
I still got to go through that 100 pages of the complaint
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LauraLicata
Member
Joined: 1 Jan 2008
Posts: 161
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# Posted: 5 Aug 2008 20:52
nkelly: Comparing this to the likes of Google, which has from the outset offered a genuine tangible service or product, is almost farcical. Sorry if the truth hurts but I had to say something.
I believe you are right Nicholas. This is the first time I have ever been involved with a "big time money" program like this. I am thankful and have said thank you a million times that I only invested the cost of a few expensive dinners in Manhattan (which I won't do now).
This type of program does not make sense on such a large scale and the fact that the operation was not first class and up to date given the kind of money people were investing did not bode well for the future.
I feel for the people who have brought people in...especially recently.
I didn't promote this program extensively and I will not ever tell anyone that money like this can be made this fast.
Its not real. I will admit that I am in a smaller program but I take money from that regularly. These big programs cannot fly under the radar...that's all there is to it. Get a few unhappy people and the investigations begin.
I hope for all of you that have a lot of money invested in this that the end result will be positive for you. I do think that this is exactly the type of investment/advertisement opportunity that should be banned for good.
Who needs this kind of stress? Get involved in a reputable, long term income opportunity. Forget the 5 minutes of surfing a day. I will never buy into this again.
And most of all, stop the cheerleading...it sounds ridiculous. People have potentially lost a lot of money and brought friends and family into this.
Millions of dollars are not confiscated for no reason in the US. Just stop and wait for the news.
Laura
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iggyigette
Member
Joined: 27 May 2008
Posts: 483
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# Posted: 5 Aug 2008 21:17
I wondering if there is still a TeleConference tonite......
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nkelly
Member
Joined: 15 Jun 2008
Posts: 107
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# Posted: 5 Aug 2008 22:19
Iggy, I wouldn't waste another minute until you have read those 100 pages. It took me 2 hours but it was worth it. You are intelligent. Please read it.
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Nicholas
Miami, FL
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iggyigette
Member
Joined: 27 May 2008
Posts: 483
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# Posted: 5 Aug 2008 22:57
nkelly: Iggy, I wouldn't waste another minute until you have read those 100 pages. It took me 2 hours but it was worth it. You are intelligent. Please read it.
I read it. Quite Damaging.
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nkelly
Member
Joined: 15 Jun 2008
Posts: 107
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# Posted: 6 Aug 2008 00:37
lol. It kind of puts things into perspective doesn't it?
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Nicholas
Miami, FL
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iggyigette
Member
Joined: 27 May 2008
Posts: 483
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# Posted: 6 Aug 2008 01:28
Alot of the information though is obviously "Biased" in favor of the Government. The "Under Cover Agent" presents only "cases" that makes ASD looks bad. "Hearsay" evidence such as "the Agent" surfed the website and ONLY saw crappy advertising most of the time.
I'm sure if the Agent "interviewed" an ASD member who actually made money from their website being on the rotator, do you really think that evidence will be presented? Probably Not.
That's why there's going to be 2 sides of the story. And that's why ASD is seeking "Testimonials" and having folks email their success stories into ASD.
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deem
Member
Joined: 1 Aug 2008
Posts: 13
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# Posted: 6 Aug 2008 01:29
If Andy is behind all of this and has been transferring money, why in the world was he not arrested to keep him from skipping town?
If Andy's guilty, then why was he on the webroom call on Tuesday night?
Where is Juan Hernandez? He was Andy's right hand man during all of this.
Has anyone ever done a background check on Juan? Who is he?
He could have easily done this right under Andy's nose and in Andy's name. He had access to everything in ASD!!!
Let's let the shock subside and think this out.
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iggyigette
Member
Joined: 27 May 2008
Posts: 483
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# Posted: 6 Aug 2008 01:37
It's a Lawsuit where one party is accused of wrongdoing by another party.
We are Crucifying Andy already but the Trial hasn't even begun yet nor have we heard the evidence from the other side.
The Jury has not even been selected.
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nkelly
Member
Joined: 15 Jun 2008
Posts: 107
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# Posted: 6 Aug 2008 01:51
So it doesn't matter to you folks that the money is all coming from new investors? It doesn't matter to you that Andy was telling a bunch of lies at the rallies just to get money in? It doesn't matter to you that the "team" of lawyers is just one part timer from his house? It doesn't matter that Andy has a history of fraud? You really think the government will overlook all this and find Andy innocent? Ha! Good night Irene. I am done with this. Over and OUT. I have better things to do with my time. Good luck to you all. Really!
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Nicholas
Miami, FL
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iggyigette
Member
Joined: 27 May 2008
Posts: 483
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# Posted: 6 Aug 2008 02:02
nkelly: You really think the government will overlook all this and find Andy innocent?
The Jury will make that decision. The Government is one party in the lawsuit.
I'm not defending ASD, but I'm defending the Rights to Hear both sides of the story before making a conviction.
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