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Updated: 8:12 AM Aug 12, 2008
AdSurfDaily CEO Working to Resolve Issues
The CEO of an Internet advertising company is telling his members to keep the faith following a raid by secret service agents.
Posted: 10:40 PM Aug 11, 2008Reporter: Blaine Tolison |
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66 Comments 
The CEO of an Internet advertising company is telling his members to keep the faith. The company, AdSurfDaily, was raided by secret service agents less than a week ago. The Florida Attorney General accused ASD of running a pyramid scheme and paying off older investors with new investor's money.
Now the CEO of ASD, Andy Bowdoin, is informing his members that he is doing everything he can to resolve the current situation. A number available on the ASD website directs its members to a voice recording of Bowdoin addressing members about the confict facing the company. In part of the message, Bowdoin said, "We have some of the best legal minds in the nation working to resolve our issue just as soon as possible, so that we can return to normal operation."
The Attorney General says ASD was brought to their attention following more than thirty complaints made by members who were unhappy with ASD's service.
Latest Comments
How do you feel about the ULTIMATE LEGAL PONZI FREDDIE MAC & FANNY MAE? The Ultimate once thought of unbreakable schemes of Freddie Mac & Fanny Mae has now become under FIRE... Responsible for THE worst "housing market" crash in the history of United States... Sad & Embarrassing: Government Bail-out is the only option these days... Welcome to the art of Socialism folks...Government Controls everything...
WOW...I could have bought ad packages for a business that I never had in the first place and then received rebates of more than what I paid for the ad packages. I knew we had some desperate people in this country but the number of idiots amazes me.
THE TRUTH FINALLY COMES OUT!!!!!!!! ANDY BOWDOIN ADMITS THAT HE LIED!!!!!!!!! ASD IS HISTORY!!!!!!!!!! QUOTE FROM COURT DOCUMENT: "Bowdoin also acknowledged that he modeled ASD after 12dailypro, that ASD had no significant income (except maybe a couple thousand dollars) other than what its members paid in (and expected rebates). Bowdoin said he was not sure how ASD differed from 12dailypro except, he said, ASD did not guarantee a particular percentage, and it's payments were only based on it's sales. Bowdoin acknowledged that representations that he met with the Securities and Exchange Commission (SEC) in Washington, DC, and representations that a team of SCE attorneys that he hired had approved of his operation were made up, as was ASD's representation that Bowdoin had been awarded a Medal of Distinction by President Bush for business acumen."
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