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The Real Truth About ASD
By floshow25 | July 12, 2008
This is the latest news on ASD Cash Generator, and it doesn’t look good for those of you who have a lot of money in ASD Cash Generator:
U.S. Attorney News Release
WASHINGTON - Today, a civil forfeiture Complaint was filed in the U.S. District Court for the District of Columbia against two homes located in Florida and South Carolina and approximately $53 million, announced U.S. Attorney Jeffrey A. Taylor and U.S. Secret Service Special Agent in Charge John Mrha, Orlando, Florida.
The Complaint alleges that the real property and all of the funds, which were seized by the Special Agents of the U.S. Secret Service last Friday, are forfeitable to the United States.
According to the Complaint, all of the property constitutes proceeds of a massive Internet-based wire fraud scheme that Thomas A. Bowdoin, Jr. and others allegedly operated out of a former flower shop located in Quincy, Florida.
According to the Complaint, Bowdoin, through his company, AdSurfDaily Inc., which operates on the Internet at www.adsurfdaily.com, www.asdcashgenerator.com, www.lafuentedinero.com, and www.goldenpandaadbuilder.com (collectively referred to as ASD), operated a Ponzi scheme that he masked as an advertising company.
Ponzi schemes are named after Charles Ponzi, who, almost one-hundred years ago, duped thousands of new Englanders into investing their money with him. Today, Ponzi schemes continue to operate on the “rob-Peter-to-pay-Paul” principle money from new investors is used to pay off earlier investors until the whole scheme collapses.
In this case, the governments Complaint alleges that from approximately January 2007 to the present, ASD operated a paid auto-surf program a so-called online advertising program.
Under the program, ASD purportedly generated advertising revenue by automatically rotating advertised websites into its investors Internet browsers. To secure investors, ASD agreed to pay a return of between 125% and 150% on each dollar each investor provided to ASD, as long as each investor agreed to view a couple of websites for a couple of minutes each day. To mask its
Ponzi characteristics, ASD termed its investors advertisers, their payments ad purchases and its payments rebates.
However, according to the Complaint, ASD did not operate as a seller of advertising services and there was no legitimate product being sold to support the profits ASD promised to
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pay to its “investors” for relinquishing their funds. Because ASD was creating no significant new wealth by selling advertising to purchasers outside of its investor-members, the only wealth gained by any participant and Bowdoin was wealth lost by other participants.
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.
In announcing the lawsuit, U.S. Attorney Taylor and Special Agent in Charge Mhra, praised the work of the SCIRS-SS Task Force. In addition, they commended Assistant U.S. Attorneys Vasu Muthyala and William Cowden of Washington, D.C., who are prosecuting the case.
###
Below is the article I posted before all of this happened:
==================================================================
WARNING: This review was written by Steven Wagenheim and he is only stating his opinion as he sees it. I myself (Folusho Orokunle) don’t mind other people sharing their opinion on this blog.
ASD Cash Generator - A Review From The Outside Looking In - By Steven Wagenheim
I am writing this article as a warning to anybody who plans to get involved with ASD. I have no vested interest in the company and my review is totally unbiased based on years of marketing and financial experience. It is my hope that you will seriously take these warnings before investing in this program.
ASD is an auto surf program. The concept is simple. You pay a fee to have your site advertised to the other members. In return, every 90 days, you received a return on that fee called a rebate. So let’s say you put in $100 in advertising fees. In 90 days, according to the current interest rate, you would get back $125, or a $25 profit. In theory, this all seems perfectly innocent and sound. The problem is, the model isn’t sustainable and will eventually collapse. I will explain why.
Let’s for argument sake say that there are 60,000 members, which as of this point in time is what they have. If each member were to put in $100 say on January 1, on April 1, each member would have to be paid $125 or a total of 7.5 million. Now, the members have the option of leaving the money in and compounding it even more. I won’t go into further number crunching because you can see where this starts to add up very fast.
This extra money that has to be paid out, has to come from somewhere. It comes from the newer members. Now, here is where we run into the problems. When the members involved, the ones looking for really big payouts, leave their money in for so long and in huge amounts ($5,000 invested or more) when the time comes to cash out, the money needed to pay them is so astronomical that it actually exceeds the quarterly income of some of the biggest companies on the Internet. If you do the crunching, you will see that this is just not sustainable.
All programs of this kind that have come before it have all either collapsed or have been shut down by the FTC. Therefore, you are literally taking a HUGE risk by getting involved with ASD or any program like it. Look up some old programs like 12 Daily Pro or YMMSS and you will see the ugly histories of these programs. Financial analysts and mathematicians have proven that these models aren’t sustainable because of the high compounding factors and none of these programs are big enough to take in the required income from outside sources to keep them afloat for more than a short period of time. The end result…complete collapse.
So please do yourself a favor…find something else to invest your money in. In my signature is a free report that can help you to actually start your own business online with almost no cost and virtually no risk.
((((((This is where Steven’s review ends……)))))))
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July 12th, 2008 at
As of yesterday ASD had Filed a 10 Million Dollar Law Suit in Florida Court against mlmwatchdog.com and Harold Cook 2410 CINCO WOODS SAN ANTONIO, TX 78259 US
July 16th, 2008 at
People like you are what make people like us mad, spreading bad news around. Maybe you should take a look at company from the inside out before you made grave statmenets like that. And besides, it looks like to me your just trying to sell your product on on another company’s expense…. not good….
July 16th, 2008 at
Your review comments may be correct. On the other hand, they may be incorect as ASD’s business model claims they never pay more than 50% of the companies income in what they pay in rebates.So there is a 50% “cash reserve” so to speak.
I joined ASD cash generator and have been very pleased with the immediate income, just as advertised.Few online programs can claim such results.
It is a great way for the person with little money to start out and see how all of this online stuff works…you can start for $10.
As with any program, we all must do our own due diligence in evaluating the merits of the program.
ASD, for now appears valid, makes money day 1, does not require one to ever refer anyone (you can do well with your own personal efforts), and is involved in the online advertising area- an area where if there is money being made and spent, advertising is where it’s at.
Let’s hope ASD’s management has addresseed the previous issues that resulted in those other company failures. Quite possibly ASD has something that is unique and a great “ground floor” place to be at this time!
July 17th, 2008 at
There is a VERY large difference between auto surf programs and ASD!!!!!!!!!
I have not purchased advertising with them, but have done considerable research and Andy Bowdoin seems to have taken what was a good idea (auto surfing)but illegal,and taken it to the next level. This is what all good business people do, they create better versions of old business models.
July 17th, 2008 at
I just submitted the previous comment and right after I hit sent I was solicited for a REAl opportunity!!!!!!! Click here to see how we earn money online it says……ARE YOU KIDDING ME!!!!!
I find it absolutely ridiculous that someone in good conscience can say anything negative about something and in the same breath, say “oh by the way let me show you the real way to make money online”….Any credibility this person may have had, is now GONE!!!!!!!
Ridiculous recruiting technique by an obviously shady person!!!!!!
Beware of ASD?????? No, beware of the person talking bad about one thing to sell another!!!!!
July 17th, 2008 at
You don’t even understand how ASD works. ASD is able to sustain itself forever. It is absolutely different than 12 daily pro and comparing the two shows your ignorance. They have many many different ways of generating income to pay the rebates including profits from one of the largest online shopping malls in the country.
Next time do your homework and learn the program before using ASD as a tool to promote your door to door MLM business.
Good luck with your 10 million dollar lawsuit.
July 18th, 2008 at
Yup, there is a lawsuit and It is really horrible that you are stating lies about ASD. there are no investmets. please d your homework. We are paying to advertise our websites. The company simply gives us a rebate on our advertising dollars for looking at others sites. There is mre to ASD and how it works than your slanderous remarks. Please do more research next time. Andy Bowdoin is a mna of Integrity and honor and I am appauled at this statement!
July 18th, 2008 at
There was the industrial revolution,then the information age,now ASD rock on Andy!
July 19th, 2008 at
Ever encountered the concept of ‘the velocity of money’?
Generally speaking if you gain 20%per annum on an investment it is considered a good return.
Now, let’s say you decide to start a business selling 10 bottles of milk which you buy in at $1and sell at $1.20. If you can clear your stock in a day you will be earning a profit of $2 per day, right? You constantly reinvest your original $10 so that at year end you have pulled in, say 200days x $2 = $400. (You don’t work every day) That’s a return of 40 times your investment. And 40 times is 4000%. Not all bad!
That is a very much higher velocity of money than the first case scenario of just 20%per annum.
All you need to do now is figure a way to take yourself out of the equation and have that happen on auto.
Advertising instead of milk perhaps?
Like ASD.
July 19th, 2008 at
I tried for a week to sign up at ASD but the site was down. Then I got in and started the signup process but before I could finish the site went down again for 2-3 days. When it came back I tried to sign up again but it told me I was already a member. So I tried to log in and I was not a member. Tried to have them send me my password but I was not ercognised as a member.
I contacted Support and have not received a response after more than 36 hours.
This is clearly not a system I would want to get involved in. I think they are about to collapse like all Ponzi schemes do.
July 19th, 2008 at
I joined ASD over a month ago and then purchased an ad pak.They accepted the money but never credited my account, so i put in a support ticket on the 4th july,
No reply received by the 18th july so i put in another ticket.Still no response, plus they seem to spend more time at rallys chasing more investors than looking after existing members.
Time to walk away and realise i ended up joining another “SCAM” site,certainly seems that way.
July 21st, 2008 at
Hi Inge, I would really like to know how you came up with the notion that this is a ponzi, just because they didn’t get back to you immediately. If you had someone refer you to this company, too bad for you that they didn’t tell you that ASD are trying to upgrade the system. My suggestion is that you go to www.mtl4u.com and talk to Susan.
kopi
July 21st, 2008 at
I will be doing my own reading and info gathering concerning the claims made about the sustainability of their business model.
It’s amazing the number of people that are willing to enter ASD based in short term profits.
I also am amazed at the number of Christians (I am a Christian) that are so willing to “sanitize” the issue of ASD’s integrity by referencing God, as if just mentioning His name, would or could exonerate guilty parties. Not that Andy is guilty at this point in my investigation, but individual evidences which a certain number of Christians would rely upon to exonerate Andy don’t exist.
Simply put, there are conclusions I’ve read that do not prove innocence.
ASD profits or not, making note of profits through ASD dishonors saints of old mentioned in Hebrews 11 & 12.
July 21st, 2008 at
Ok folks, what the heck are you worrying about? Here some only bought in $2000 in ad packages, and many have received that back ten fold. How are your stocks doing these day, retirement funds, etc?
No one is online calling those a ponzi scheme, or whatever you want negatively call it.
Here is the deal anyone with any common sense, or knowledge knows that websites are constantly needing to upgraded and always increasing speed, “As ASD is current doing, this the reason for slowness and site being down, this has been explained to us all” The site will be back up and high technical ability to keep up with the massive growth mid week this week. I have many prospect who understand growth and how this can be, and are just waiting for the site to be fully functional and able. So those that whine and complain lose in the end. We are doing well and people love this program, sure they are anxious to get surfing but the company pays you when it can’t work so you don’t lose, and really you are not losing anything anyway, its just a few days delayed, unless you plan to quit living soon.
Be patient, its a great program, and we just love it. I also appreciate who Andy and staff are working so hard to keep up with purchases and payouts, and all.
I am not at liberty to post actually printouts here but if I could you would know better how well this is working and paying out.
I learned that I am successful in business because I do the things others won’t do and I also do things sometimes I don’t want to do. That is my take and it has been proven is a common characteristic of successful people.
M
July 22nd, 2008 at
Allen, How does ASD profits dishonor saints of old mentioned in the Bible.
kopi
BTW: I don’t need to “sanitize’ ASD because it is clean and legal
July 23rd, 2008 at
I am very interested in your program… Tell me how do the homeless make money online as you claim. Have’nt seen to many homeless people walking around with a laptop….
We are members of ASD and we are very satisfied with the program.
July 24th, 2008 at
ASD has not let me down. It takes time to get set up and process money but I have been paid my cashouts. Also, all of my questions have been answered. I do agree, that if I stay in the program for over a year, the payouts are huge. Difficult to understand how they can pay 100000+ members, $1000 or more a day if we all stay in for over a year. (Depending what we initially invested). However, the system they have developed is quite incredible!!!
July 25th, 2008 at
I purchased AD PKG and it did take a very long time for it to get credited and went to the Maimi show with friends and the site has not worked since. I know I know I know. They are working on it. I suggest they have more updated info posted several times a day or find a new IT person.
July 25th, 2008 at
ASD is solid! I was very skeptical also as I have been burnt in the past with similar type programs … ie EZ Weath By Design & 12 Daily Pro …
However, I just came back from the Chicago Rally and I have to tell you …I have never seen people get so excited about making money online. There were 5000+ people there - it was so packed and the lines for people buying ad packs were insane.
Anyway - this is my take on ASD - right now Google is one of the most profitable businesses on the planet and how do they make money? They sell advertising - ASD uses the same business model, but instead the pay you a rebate of 125% to view their ads.
And it takes several week to earn back the cost of your Ad Packs. Keep in mind that once the Ad Packs reach 125% - they expired and you can either re-purchase or cash out.
It is actually a very simple, but revolutionary system, but it is definitely not ‘Get Rich Quick’ and it does requires a significant adpack ‘purchase’ for you to make a good living from this.
I purchased $1000 in Adpacks and I got $1500 to start with promotion they offered at the rally.
Using the ASD Calculator as a guide and assuming I re-invest 80% of my rebates back into new ad pack purchases - I should be able to pull out at least $5,156 by the end of my first 12 months.
Now, when you consider the kind of growth ASD is experiencing right now …its easy to see that this program will be around for a very long time…it is very well thought out and run by people of high integrity.
On the call last night they shared the numbers from the Chicago
Rally:
- Official registered attendees: 4100; probably more like 5000
- $17 Million in Cashier Check Purchases
- $2 Million in Cash Upgrades
- $1 Million in Credit Card Sales
- Total of roughly $20 Million in Sales at the Chicago Rally!
With the Tampa convention about a month ago, the Miami Rally 2weeks ago and the Chicago Rally last weekend; ASD has done closeto $100 Million in sales in about 4 weeks - WOW!
Only time will tell if ASD sticks around for the long haul, but for me right now it is the best opportunity to earn income online PASSIVELY (without having to sponsor or recruit others)
-Che
July 29th, 2008 at
Steven is WRONG about ASD. It is different than
he has stated, and it does work! It’s brilliant.
You can go into asdadcashgenerator.com/?ref=50066
and look in the news section. They are udpating
their site, but it is a brilliant NON MLM NON
Pyramid business. As long as people buy advertising this company will be around. They
are planning on being the largest internet
advertiser very soon. You can do this alone,
or get people in under you. Go to You Tube
and type in Ad Cash Generator Master Overview…
see the 6 videos. This IS FOR REAL!
August 1st, 2008 at
For those who says, ASD Accepted the money, never Credited…. Hold on to your ignorant comments.
Me too, send Wire transfer early July, ASD acknowledge they recieved the Wire and will be posing shortly, coincidence do happen. this is the time, ASD doing major upgrade of their sites. Now that Partially the sites are opened and I have been anxiously waiting for the upgrades. True enough just on the 31st of July I had my upgrade done.
So guys, just be patient, they are working on the sites and every thing will be accounted for .
Just send out ticket and wait for the reply.
There are thousands and thousands of upgrades to be done especially after some of the rallies.
Give them some time, you can see the efficiency.
Now the site response have been very very good.
Like Andy said, there is going to be lots of Millionaire in couple of years time.
You want to be part of it or apart from it?
Choice is yours!!!!
August 1st, 2008 at
fter doing my research to find out if ASD is a scam or not and looking for dirty on Andy Bowdoin the founder and CEO of ASD Cash Generator, I quickly realized that he is probably one of the most intelligent, forward thinking men on the planet.This audio just came across my desk from a fellow AdSurfDaily affiliate and it’s a great overview and highlight reel, Simply click on the link to listen ASD!
http://www.byoaudio.com/play/WCS0WfCxif
August 1st, 2008 at
For all you folks posting and viewing postings on this forum, here’s an update for all of you. Ahem, ASD operations have been shut down by the Attorney General’s Office (yup, in good old Washington DC) pending investigation on fraud among other things. So for all of you ASD suckers, can you say “See Ya” to your money. The fat lady is humming! So wake up and return to reality! And too bad for your loss, all of you heard the warnings a long time ago.
August 2nd, 2008 at
Here is my belief, of what is happening. Someone has waited 2 to 3 weeks and has not seen there money posted or been able to surf, and has contacted their congressmen to complain. I still have faith this is going to come out OK, they will investigate and he will come out Ok on this deal (ANDY that is). Now maybe I am wrong, but I do not believe I am, but if we all hang in there ASD members will come out winners because we will have gone thru the biggest hurdle the system will face. And when it does NOONE will be able to deny it is the REAL thing. So lets all hang in there and show our support to Andy and ASD so we all can succeed in our endeaver!!
August 2nd, 2008 at
To Marco and other negative people:
The ASD company has been told to get the company accounting up to speed before resuming business.
There has been NO remark about fraud by anyone in the US Attorney Generals’ Office– and frankly, I would seek the advice of your attorney before making a public statement about ASD being fraudulent.
The truth is there have been some complaints by impatient people about the slow accounting. The slow accounting has been unnerving for some people and has caused some bad publicity for several weeks. People want to know the activity in their account and justifiably so.
However, amother problem which has caused the customer service delay is the unnecessary calls by people who haven’t read the FAQs or company bulletins which have been put forth for everyones’ update. Instead, they flood the phone lines and ask retundant questions. Customer service departments in most businesses deal with the same issue.
If you have even run a business you would know the facts about rapid growth and accounting and customer service delays.
ASD will fix the accounting delay, just as they credited my account last night with all the necessary and correct numbers, up to daye after the Chicago show. Everything in my account adds up and they have done an excellent job under the conditions of rapid growth.
As an ASD member/supporter and knowing Andy’s character and exemplary track record, I feel that the company will get the accounting up to speed and customer service issue behind it and move forward.
However, I take exception to your calling ASD members ’suckers’. I think your comment is unprofessional at best and if you don’t like the concept, then don’t participate. If you don’t have anything positive to say, don’t say anything.
I also feel that before people make a comment in public which could damage others, they need to understand the legal issues associated with those damaging statements.
Furthermore, your gloating about the ‘fat lady’ is a bit sadistic. Perhaps you are another one that gets enjoyment out of other peoples setbacks.
August 2nd, 2008 at
This is for marco, Yeah im sure you know what the attorney general is investigating. How can you say its being checked for fraud or is that your best educated guess. How many other companys have been stopped and checked for legal reasons and have re-opened up in short time. So what company were you in and how many people saw a better oppurtunity and left your business. So for andy , who just recieved an award for the medal of distintion, the highest award for business, is going to create a business that is gonna rip off people, i highly doubt it. But get over yourself and quit acting like a child and wake up.
August 2nd, 2008 at
How can I know for sure that the Medal of Distintion was given to ASD? What if I told you my business was given the Medal of Distintion? Prove to me it wasn’t. Seems pretty scandelous thus far, may have learned a $500 lesson. Maybe not but we will see very soon.
August 2nd, 2008 at
To all:
More positive news about ASD..
The Medal of Distinction was given to Andy in June, at a White House sponsored dinner. This took place the week after the Tampa Convention.
The award includes a signed document by President Bush and was on display at the Chicago Rally. I personally saw it when I attended the Rally and I thought the award was very cool. I recognize the significance of the award and what the ASD company means to each of us who are supporters and to Americans who want to better their lives by doing something positive.
Within the past hour I have been told that the request by the US Attorney in DC is to assure that the ASD company is in compliance with standards put forth by the US Government.
I personally think this is an excellent opportunity for ASD to discuss compliance issues with the government, to avoid problematic glitches in the future as the company expands.
We have been growing quite rapidly and the ASD infrastructure needs to catch up and, ASD members need to understand that the company is responding to the growth by realigning customer service.
Also this will prove to the ‘negatives’ that the company has merit and that the ASD business concept is a precursor to a successful and long-term company that will help many American citizens and streamline and fortify public relations for American companies.
I think that rather cut down this company we should support it and other American companies who want to make a difference. ASD can have a very positive effect on a lot of Americans who need to earn a living and also bring a very solid concept in the form of reasonably-priced advertising to companies.
Incidently some of the corporate participants in the ASD concept are quite large, multinational firms with billion-dollar sales. They recognize that ASD is a forward-thinking company that provides value and unique opportunity.
Finally, we are living in challenging times…
We should support American companies and champion the growth of our fellow citizens. In my humble opinion this is what ASD is all about!
August 2nd, 2008 at
I will be reporting you to the internal ASD executives for investigation for slanderism. Law suits have begun and you may want to consider removing this video.
August 2nd, 2008 at
“Incidently some of the corporate participants in the ASD concept are quite large, multinational firms with billion-dollar sales. They recognize that ASD is a forward-thinking company that provides value and unique opportunity.”
i’ve been trying unsuccessfully to find the names of these corporate participants; nobody seems to know and i’ve never seen any while surfing…anybody here know who they are?
thanks, red
August 2nd, 2008 at
IF YOU PUT MONEY ON MIAMI O R CHICAGO RALLY, CALL YOU BANK AND STOP PAYMENY YOUR CASHIER CHECK,AND SAVE YOUR MONEY…………….GOOD LOOK
August 2nd, 2008 at
STOP PAYMENT YOR CASHIER CHECK NOW, CONTACT YOUR BANK RIGHT NOW AND SAVE YOUR MONEY…
August 2nd, 2008 at
I LOST SOME MONEY BUT I DON’T WANT OTHER PEOPLE LOST A LOT MONEY FROM THIS GARBAGE ASD BUSINESS…UPGRADE UPGRADE, GARBAGE BUSINESS…..
August 2nd, 2008 at
SEND ME EMAIL TO menusa11@hotmail.com I don’t know what happeng now, ASD is a BIG FRAUD, now ANDI have millions and millions and we nothing
August 2nd, 2008 at
WHY ANDY OPEN AND CLOSED, OPEN AND CLOSED MANY COMPANIES EACH YEAR…GO TO www.sunbiz.org and search in inquire by Officer/Registered Agent
with this names:
BOWDOIN, T. ANDERDSON JR
BOWDOIN, THOMAS A
BOWDOIN, ANDY T
BOWDOIN, THOMAS ANDERSON
BOWDOIN, THOMAS ANDERSON, JR
ALMOST 20 COMPANIES OPEN IN 5 YEARS
NEXT QUESTION, WERE IS OUR MONEY:
NEW HOMES, PERSONAL ACCOUNTS, ANDY BOWDOIN NOW IS A MULTIMILLIONAIRE….
August 2nd, 2008 at
I know this is normal operating procedure for the US Attorneys Office.
I have been paid 29,000 for the month of July. I received my last check for 7300 on July 25,2008. Another check on July 23, 2008 for 12,000. All checks have cleared.
A soon as this re-opens, I am going to buy a Lamborgini and post my experience on YouTube.
I have been in Law Enforcement for 20 years and I can tell you that If Andy or anyone else from ASD had done something wrong, they would be incustody with an active booking numbers.
August 2nd, 2008 at
Does anyone know why Golden Panda was also included in this investigation? Also, on the Golden Panda site you can still surf, sign people up etc. ASD should come out on top. You can’t please everyone, and the gentlemen above is correct when he says this is an American company and we should be sticking together. I always tell people this may not be for you and if it isn’t then so be it. Don’t make trouble for the little guys that are out there trying to earn money.
August 2nd, 2008 at
Red:
You will see results to your question:
1) After the investigation is completed
2) As the customer service issue is addressed
The list of companies having joint involvement and tie-ins with ASD will be brought forth in appropriate discussions and promotional updates.
Jacob: In order to be in a business one should have the patience and understand the evolution process of a company. In ANY company, rapid unexpected growth is ALWAYS appreciated but rarely planned for, putting a strain on all involved. Plain and simple ASD grew too fast and the customer service was swamped.
I suggest that you see the issues as the managers of the company see them. Perhaps you will realize that they are trying to do the best job and are behind in customer service. Just look at the IT problem–it became an issue and it is being resolved.
It only makes sense to handle the customer service issues and we know they are working on it.
Here’s a tip.. When I have a concern about a person or company, I make absolutely certain that the information is correct before I pass it on or make reference to it in public.
Furthermore I refrain from making slandering, baseless claims because I don’t want to liable myself IE: be sued for false statements or defamation.
August 2nd, 2008 at
Hello,
I am an ASD member. Fortunately, to this point I am only out about $200; if ASD doesn’t survive this. I am upset even though it is not a large amount as some of the others. While I know the government can be ridiculous if it doesn’t think it’s getting its share; but I am concerned. If ASD does get through this; there will be an equivalent of a run on the bank, which means many people will not get their money because unlike the banks, ASD is not FDIC insured to $100,000. Also, if the government could, I hope they froze Andy Bowdin’s assets as well as the assets of ASD. Usually, the owner’s of these companies don’t own anything on paper. They use corporations to hide their earnings. He probably doesn’t even own his houses, etc. Even if it does survive. by the time the investigation is complete; there probably won’t be any money anyway because it will have gone to attorney fees. I would like to say I am hopeful; but hope is not a strategy. Maybe a class action is the best we are going to be able to do.
August 3rd, 2008 at
I am an ASD member and every thing Andy has said he will do has gotten done. Maybe not at the speed we would like, but he listens and gets it done. I am also a research consultant for legal teams fighting intellectual property and copyright theft. Stick to the facts, only repeat what you know is true and don’t make any accusations you can’t corroborate.
August 3rd, 2008 at
Therese:
Fraud? Class action? Bank runs?
Why would someone in their right mind ruin an operation with such amazing potential as ASD,
Ruining a leading (if not THE leading) internet business opportunity? Please consider studying the company plan and consider the possibilities.
Perhaps most people truly don’t understand the financial and strategic marketing potential of this company. Apart from the Customer Service inefficiency which is being reorganized as we speak, ASD will go on to be one of the most brilliant companies in history.
As I mentioned earlier, the upcoming discussion with the AG will be very beneficial for ASD, so the company can identify all issues of compliance right from THE authority of compliance. So we can do this once and move forward, taking care of business.
This is essential for the future growth of the company, the benefit of the ASD Members who are in support of the company–and concept and the multinational companies who will be creating tie-ins with our company.
Worry? Only if you want to worry.
I’m not worrying–only considering what companies to contact for strategic alliances when this bump in the road clears up.
Please direct your energy to learning the concept and potential of this company. Use your imagination of how you can promote this concept!
Resolve to see the opportunity as the ASD management does. You won’t be sorry!
August 3rd, 2008 at
I too am an ASD member, I truly believe ASD has become a palm tree in this storm that has been blown down to the ground but still left standing after the storm. I have great respect for Andy, ASD and the Attorney General office their all are serving the same purpose, to publicize this business is not fraudently nor is it a scam. I know some people feel as if this is the end of ASD. We all have that right to voice our opinions. So go ahead say what you feel or however you see it, but in the end the palm tree is still standing.
August 3rd, 2008 at
Tommy,
You may not agree and may not like my opinion; but I am entitle to it. If ASD comes out of this; there will be individuals and companies pulling their money out.
August 3rd, 2008 at
I too am a firm believer that ASD will come out on top. I had 3 couples give me their information on paper today to join. The fact that the AG is investigating says alot about the future of ASD. The couples i talked to today, are excited about joining once the company is cleared. They know as well as you and i know that if the company is cleared of wrong doing or being a scam, this will be one of the greatest new companies around. Most everytime that a company is a scam, there is no money. ASD is open about the money, and reports the percentages monthly. So what do you think? My money is on ASD. I heard we should know something by the middle of next week.
August 3rd, 2008 at
Therese why would you pull your money out once the company is cleared?
If you trusted it in the first place and now its cleared of any wrong doing why wouldn’t you stay with the company?
August 3rd, 2008 at
I am a proud member of ASD and Golden Panda….these business models are like none I have ever seen previously. I have been so excited about the potential for these businesses
to create incomes for a lot of struggling folks in these uncertain ecconomic times. I pray for Andy Bowdain a caring, honest and dynamic visionary and I hope with all my heart this business survives so it can do what Andy wanted it to do “Help A Lot Of Folks”. The people that are getting a charge out of ASD’s growing pains and wishing it to fail or gloating so to speak… I ask these individuals would you stop and think for a moment why the failure of ASD would give you such pleasure?? With its continuance it will help so many financially struggling people… that is why I am hanging tight and supporting ASD with all my heart and soul.
August 4th, 2008 at
therese, I am a member of asd.I joined at the miami rally.I havent had my credits posted yet but I have every confidance that they will be.you are lucky that it isn’t up to me or you and members like you who speek out aganist asd would loose there membership.I can only hope that when asd is up and running again you will be kicked out.asd members just be calm everything will be back to normal in a few days.
August 4th, 2008 at
Let me tell you something, why if you have “The Best Business” as you said, what are you doing here trying to get or better “Stoll” people from a company that you have not any idea how it works? You have your owns conclusion and your conclusion is pathetic do you know what!!! get a real job and STOP doing this, this is ridiculous. Maybe when all this situation with asd finish I can recommend you with mr. Andy, to get a real job for you.
August 4th, 2008 at
You people who invested money in this scam should really do your research before you just hand some body over your money.
August 4th, 2008 at
I believe what Laurie has stated. When ASD gets cleared watch it take off like never before. There will be nothing left to be skeptical about. There will be a few people on this blog eating crow.
August 4th, 2008 at
Some members of ASD have been sent this message amd I share it for everyones’ benefit.
We have verbal communication that things are going smoothly with the Attorney General’s office.
- The initial review is moving fine and that basic details and an office inspection remain to be completed.
- It appears that the company should be in operation again by midweek.
- The fact is that ASD was never “shut down” merely a hold on banking to verify compliance which is good for everyone. This is being communicated from someone within the company.
- The company has been and will continue to be open to maintain business during regular hours.
- This will further establish the credibility of ASD once it is complete. We are also told Andy is elated and thanks for the prayers from the believers, they are helping.
- Some members are preparing to make suggestions about certain Customer Service issues. Better Customer Service and upgraded communications are needed.
Regarding the attacks on ASD and it’s members:
Many of us believe those people automatically promoting their position that this was a “scam - and I told you so”, will soon realize that our company will continue to move forward. This is solid inside news, not rumors or speculation.
I respect a persons right to freedom of speech…However, if one does not have confidence in this company perhaps they should rethink their position. Further attacks on this board by some people certain that this operation is a scam, should be ignored.
Most of us are preparing to return to work because we understand the value of this company
and don’t have any more time for debate with negatives.
August 4th, 2008 at
To All….believers and non,
ASD has been a blessing for myself,and all 17 of my family members.Here are the facts from the
“Horses Mouth”
Here is some positive info…use it and forward it!!!
Check this out! Not trying to say this is what is going on, but may keep some hope… Here’s an update call recorded Friday afternoon (8/1/08) from some Members on the inside track:
http://www.byoaudio.com/play/WcthC414
More news updates and calls will be posted on this site…
Please continue to be patient and thank you for your commitment to ASD
August 4th, 2008 at
Laurie,
I got involved with ASD because it was recommended by someone I trusted. I hope what has been posted here recently is true. I am curious as to why only certain members have access to inside info about the company’s situation. If this is no big deal and such a good thing; why has ASD management not sent everyone an email with an update? If it’s ok to post a call on this website; why weren’t all members sent this recorded info or invited to this call?
August 4th, 2008 at
WHERE IS ” A N D Y”, WHERE “O U R M O N E Y”, WHERE IS “J U A N F E R N A N D E Z (CEO)”, I DON’T WHERE ARE NOW, BUT I KNO WHERE ARE IN THE FUTURE…..JAIL, JAIL, JAIL
August 4th, 2008 at
Robert,
You may not agree or like my opinion; but I am entitle to it. If ASD is cleared; that’s good. If not; then I’ll be out some money. There is no way to know. We will have to wait and see. I am just like everyone else here trying to earn some extra money online. I am frustrated because there has been such a build up of how great this business is. I trusted and feel like I have been let down.
August 4th, 2008 at
I received my cash out check in the mail last friday. I went to the bank to cash it and could not get it cashed but was instructed by a bank rep to contact the issuer which I immediately did. I was told that it was the banks “fault” and not asd’s…that I could get it cashed at the bank today….I called the bank ahead of time and was told that I could not cash it and that was all they could inform me of…but to contact the issuer. I need that $1000.00 dollars to pay my monthly bills. I understand what is going on with asd and the investigation…but my creditors don’t care about our companies problems or mines…they just want to be paid I guess…just like the rest of us do. I am just waiting and praying…hoping that everything will work out for everyone who is involved with our company.
August 5th, 2008 at
Calm down people,give ASD a chance.They have always kept their word,To this very day.Period the end.Quit crying about it and DO something about it.Call your congressmen and tell them the positive truth about this wonderful program.
Because, if you get impatient and say the wrong thing,you may very well be “BIGHTING THE HAND THAT FEEDS”.Say a prayer for Mr. Andy Bowdoin,and for the welfare of this Excellent opportunity that we all have been blessed with.Be patient,Be kind,Be supportive,and Be strong. God Bless
August 5th, 2008 at
Shinobia, I think all the funds are being held right now so yeah i don’t think you can cash the check. That’s why people should really stop and think before taking such severe action when things don’t go their way. Our society now days is cut throat. Please ASD people lets stand behind ASD and Andy and rally to come out on top. Like i said before at least the FUNDS are there to hold by the AG. This is a good sign and like me i am getting more people interested now because they know that the company is being looked at with a fine tooth comb. When the site opens you will see alot of new people with alot of new money.
August 5th, 2008 at
Hi Jacob
This is just a thought. Before you start bad mouthing this great company you should consider getting yourself a education and learn how to speak ‘DA LANGUAGE ENGLISH’!!! I trust asd and appreciate the fact that they are so open and honest about the current situation.
Nothing in life worth having will come easy!!
Ciao
August 5th, 2008 at
I look at the AG freezing ASD’s accounts as a blessing in disguise. There are millions of people who have not heard of ASD, so this is the best time for the company to get over all the hurdles before the ASD name is really known. I know of a business owner who said their accounts had been frozen 3 times by the AG. He says it’s no big deal. Once they see everything is legitimate and in order, it will be back up and running again.
Does anyone remember what Ebay went through in the beginning? This little couple, sitting on their couch discussing selling some of their items online and thought it would be a good idea to ask if their neighbors would like to participate. The neighbors did and the response was more than they had anticipated. As it continued, it got so huge that a home computer just wasn’t enough to handle the job. They shut down for about 6 weeks to set up a real business to handle the number of people, and during the process people were reacting the same way everybody’s acting about ASD today. Complaining, inpatient, scared, bad-mouthing, slandering, lying, and every other negative thing you can think of. Look at Ebay today! I can guarantee you that all those complainers have at least once sold something on Ebay! And once ASD gets back up and running again, all the naysayers are going to want to come aboard.
ASD is not even 2 years old and like Ebay, was not prepared for this explosive growth. People need to stop acting like babies and just grow up and use some common sense!
To all you ASD members, don’t waste your energy or time trying to defend ASD. Just let patience have her perfect work. ASD is a blessing from God. This company is going to get us out of debt, give us a better lifestyle and we must be supportive. Be strong and of good courage says the Lord. Instead of complaining, pray. If God be for us, who can be against us? Whose more powerful - the U.S. Attorney General or God? If you don’t like my Christian talk, then just don’t read any further. This is who I am. I have one more thing to say: Jesus said “if two or more on earth agree as touching ANYTHING that they should ask, it SHALL BE done of my Father which is in heaven.” Now if it only takes 2 people for God to grant our requests, imagine if ALL the ASD members asked Him to bless this company! That’s powerful! So instead of complaining, just thank God for granting our requests.
So, let’s just sit back, relax and watch God bless ASD and make a mockery of all those non-believers!