|
Crapper
Join Date: Sep 2007
Location: Australia
Posts: 111
My Mood: 
Thanks: 4
Thanked 14 Times in 11 Posts
|
Secret Service raid ASD offices....
ASD CashGenerator offices have been raided by the Secret Service 
Quote:
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.
Advertisement
Updated 5:29 p.m.
The Florida Attorney General’s Office reports it has received 30 complaints about Ad Surf Daily Inc., an Internet advertising company based in Quincy, and that it is investigating allegations that the company is involved in “improper marketing tactics.”
The office has received nearly 100 calls from people asking if the company is legitimate, said spokeswoman Sandi Copes.
Copes would not elaborate on the nature of the office's investigation, but said more information will be available Wednesday.
ASD had its offices raided this morning by the U.S. Secret Service. The home of the company’s president, Andy Bowdoin Jr., in Quincy was also raided.
Check Tallahassee.com for updates.
Updated 3:45 p.m.
In a press release dated July 3, the Gadsden County Chamber of Commerce announced that Ad Surf Daily Inc., an Internet advertising company, had chosen Quincy as its corporate headquarters.
Today, two buildings that ASD used in Quincy were raided by the U.S. Secret Service, along with the home of the company’s president, Andy Bowdoin Jr.
The press release states that anyone with a Web site that markets a product or service can pay to advertise on the ASD Web site. The advertisers can earn rebates by viewing other Web sites for 10 to 15 minutes a day.
Bowdoin and his wife, Faye, created the company in 2006, according to the press release. ASD had grown to 60 employees and expected to employ more than 150 people by the end of the year.
“We started here,” Bowdoin is quoted as saying, about Quincy. “This is our home, and we plan to stay here.”
The company’s advertising sales in the last six months was estimated at $40 million, with almost 75,000 members in its network, the press release states. Bowdoin expected sales of more than $100 million in 2008.
The press release is peppered with quotes from the Chamber of Commerce, praising the company for bringing “high-wage employment opportunities” to Quincy.
About three weeks later, the chamber announced that it is unable to "endorse" any member businesses, including ASD. That press release also said the chamber had not been notified by any "authorized agencies" of formal complaints against ASD. The chamber encouraged consumers to contact the Better Business Bureau and other state agencies to "make informed business decisions."
Attempts to reach Bowdoin were unsuccessful. No one answered the door this afternoon at Bowdoin’s lakefront house at 8 Gilcrease Lane.
Updated 2:15 p.m.
Thomas Andy Bowdoin Jr., who is listed in Nevada as AdSurfDaily Inc’s president, secretary and treasurer, cannot be reached at his place of business. But in a message on his answering machine aimed at his “customer service people,” he tells them not to answer the phones or make any comments about the investigation until the company's attorneys work things out.
1:30 p.m.
The U.S. Secret Service has been in Quincy executing three search warrants since 6:30 a.m. in connection with its investigation of AdSurfDaily Inc.
Eight agents are searching the business’s offices at 13 S. Calhoun St., an office next door and the home of the owner, Thomas Bowdoin Jr., 8 Gilcrease Lane.
The company was incorporated on Dec. 14, 2006 in Nevada and provides advertising space for Web sites on the Internet, according to documents filed with the Florida Department of State.
Agents are searching documents and computers, said Robert Munson, resident agent in charge of Tallahassee. The Secret Service office in Orlando is handling the investigation.
“I really can’t comment on the investigation because it’s ongoing,” Munson said.
The Tallahassee Democrat has a reporter on scene and will report more information as it becomes available.
First post
U.S. Secret Service agents are raiding an Internet marketing company in Quincy, said Lt. Jim Corder of the Gasden County Sheriff's Office. The Sheriff's Office is assisting in the raid of AdSurfDaily Inc., which is located on South Calhoun Street.
A statement posted Friday on the company's Web site, ASD Update, says the U.S. Attorney's Office in the District of Columbia has directed the company to stop moving funds into or out of company accounts.
|
__________________
Time for doing your DD is b4 you deposit not after you find out you got scammed
To view links or images in signatures your post count must be 10 or greater. You currently have 0 posts.
|