Feds Return $55M To Alleged 'Auto-Surf' Ponzi Victims

Law360, New York (September 26, 2011, 6:23 PM EDT) -- Federal prosecutors in Washington said Monday they had begun returning to investors a major chunk of the $79 million forfeited by the owner of AdSurf Daily Inc., an Internet company the government says was really a Ponzi scheme.

"We are putting $55 million back into the pockets of innocent victims of this online Ponzi scheme," U.S. Attorney for the District of Columbia Ronald C. Machen Jr. said. "As we did in this case, we will continue to work with our law enforcement partners to recover every...
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