After Weeks Of Prelaunch Hype And A Month Of Formal Fundraising, Andy Bowdoin Says He Is $480,700 Short Of $500,000 Goal; AdSurfDaily Patriarch And Accused Felon Says In Email That He Has Collected Only $19,300 To Pay For Criminal Defense In $110 Million Ponzi Case
He once had command of legions — and AdSurfDaily members lined by the hundreds and waited in line for hours to pay Andy Bowdoin to give them a chance to “build wealth.” At its peak in the summer of 2008, ASD reportedly was posting tens of millions of dollars a week in revenue.
But that was then.
Now, three summers later, Bowdoin says he is having trouble even establishing contact with members listed in a database that contains 77,000 names. Those few members still willing to read his emails have been stingy with their wallets and pocketbooks.
A month ago — after preliminary fanfare that started weeks prior — Bowdoin formally asked members to pony up $500,000 to pay for his criminal defense on charges of wire fraud, securities fraud and selling unregistered securities. Bowdoin’s “positive” appeal to get members to join “Andy’s Fundraising Army,” though, has been a dud.
The army has managed to cough up only $19,300, leaving Bowdoin $480,700 short of his goal, according to Bowdoin.
Bowdoin, however, said in an email that he remains positive — and that he’ll launch a Facebook fan site to broaden his appeal.
Whether his potential Facebook donors will want their names and photographs splashed all over Bowdoin’s fan page — thus exposing themselves to questions about why they are cheerleading for an accused felon implicated in an alleged $110 million Ponzi scheme after earlier having been implicated in a separate securities swindle — remains unclear.
Some ASD figures have identified themselves as “sovereign citizens.” Others have emerged as multilevel-marketing (MLM) junkies who race from scheme to scheme to scheme. Still others have circulated purported prayers calling for death and destruction to rain down on federal prosecutors and the men and women who guard the President of the United States and the U.S. financial infrastructure.
Two ASD figures thought it prudent last year to sue the United States for more than $29 TRILLION — more than double the U.S. Gross Domestic Product in 2009.
One ASD member claimed that $21 in “silver coinage” taken to a Missouri courthouse could reverse a mortgage foreclosure. Another was sued successfully under the federal racketeering statute in a scheme to have enormous financial judgments placed against public officials. Yet another advanced a belief that the United States passed secret legislation in the 1990s in anticipation of a visit by a race of reptilian aliens.
During that same decade Bowdoin was arrested in Alabama in a securites caper. And one of his business partners was implicated by the SEC in three prime-bank schemes.