Feds Seize Proceeds of Ponzi Scheme

     WASHINGTON (CN) – Federal prosecutors seized $634,266, five pieces of Florida property, boats, three cars including a 2009 Lincoln, jet skis and other toys, alleged proceeds of money laundering from the AdSurfDaily and Ascashgenerator online Ponzi schemes. The scam was founded and run by Thomas A. Bowdoin Jr., prosecutors say.

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