UPDATE: 1-Percent-A-Day Ponzi Schemer Andy Bowdoin Of AdSurfDaily In Custody Of U.S. Marshals And On Way To Federal Prison
Convicted AdSurfDaily Ponzi schemer Andy Bowdoin is in the custody of the U.S. Marshals Service and is listed “in transit” to a federal detention facility, according to court filings and the Federal Bureau of Prisons website.
Where Bowdoin, 77, will do his time has not yet been revealed. But a criminal judgment against Bowdoin signed Sept. 21 by U.S. District Judge Rosemary Collyer included a recommendation that Bowdoin be incarcerated “at a Low or Minimum Security facility near Tallahassee,” Fla.
Bowdoin’s ASD, which purported to pay members 1 percent a day, operated in Quincy, Fla., a short drive from Tallahassee.
On Aug. 29, Collyer sentenced Bowdoin to 78 months. He pleaded guilty to a Ponzi-related charge of wire fraud in May and admitted ASD was a Ponzi scheme.
Bowdoin had been held at a jail in the District of Columbia since June 12, the date his bond was revoked after federal prosecutors proffered evidence that he continued to commit crimes after the U.S. Secret Service raided ASD in 2008.
The Secret Service said last month that it also was investigating Zeek Rewards, another 1-percent-a-day-plus “program.” The SEC has described Zeek as a $600 million Ponzi- and pyramid scheme.
ASD gathered at least $119 million, according to court filings.
Zeek and ASD are known to have had members in common.