A Word To The Wise

Monday, December 24, 2012

So now Jack Brown is accused of stealing $12 million through a Ponzi scheme that involved a lot of his fellow church members. As a financial advisor I would advise everyone to be careful of any investment schemes offered by a member of one's church. Many Ponzi schemes are centered in a religious organization by crooks and shysters who prey on their fellow church members.

Two of the biggest frauds in recent memory were perpetrated by Bernie Madoff in New York and Robert McLean in Murfreesboro . Both offered unrealistic returns to members of their religion who because of their trust in a fellow church member did not perform their due diligence. Remember when any one offers you an investment opportunity:

1. If it is too good to be true it is probably a fraud

2. No matter how good an opportunity sounds never put all of your eggs in one basket.

Also demand that you get a financial statement from a well-known financial institution, not an individual.

Douglas Jones


David Carroll: Touched By Alzheimer’s, A Thanksgiving Love Story

I want to share a Thanksgiving love story. Those smiles belong to Jim and Andi Erwin of Collegedale, now married 45 years. Jim is 68, Andi is 63.  I met them last summer, and fell in love immediately. Andi is a talker. Full of life, with energy to spare. Jim used to be a talker, an award-winning one. In his youth he was a teacher and pastor, very well-educated. Simply put, ... (click for more)

Roy Exum: ‘Pretty’ Seeking ‘Rich’

The story has been around for a while, long enough for the fact-checking Snopes.com to classify it as a “legend,” which means “great story but lacks validity,” so as we hope Tennessee’s football team can somehow beat 19 th -ranked Missouri in a rough-and-tumble game at Neyland Stadium tonight, allow me to share this because it is delightful just the same. The following is what ... (click for more)

Bradley County Police Investigating Shooting; Victim Dies

The Bradley County Sheriff’s Office is investigating a shooting that occurred in the area of Georgetown Road. The Sheriff's Office said Sunday night that the victim had died. The victim's name has not yet been released.  A BCSO officer was waved down at the intersection of 25 th Street and Peerless Road by the driver of a vehicle who told the officer a gunshot victim ... (click for more)

Police Seek Lookout Mountain Man, 73, Missing Since Friday

The Dade County Sheriff's Department is looking for Freddie Wooten, 73. Mr. Wooten was driving a 2002 Ford Windstar minivan with the license plate number, THM1418. He was last seen wearing a light blue shirt and navy pants. Anyone who has seen Mr. Wooten, or has information regarding the case, is asked to contact the Dade County Sheriff's Office at 706 657-3233. (click for more)

Football Mocs Receive No. 8 Seed For FCS Playoffs

The hugs, high fives and first pumps by the Tennessee at Chattanooga football players late Sunday morning let everyone know in Moc Nation that the Blue and Gold had received a highy-coveted seed and would be hosting a second round NCAA FCS playoff game Dec 6 at Finley Stadium at 1 p.m. "When the television announcers called our name as the No.8 seed (out of eight ... (click for more)

Missouri Hangs On, Turns Back Tennessee, 29-21

KNOXVILLE, Tenn. – Missouri pin-pricked Joshua Dobbs’ bubble of invincibility Saturday night at Neyland Stadium. The nationally ranked Tigers drove a stake in Tennessee’s heart with Maty Mauk’s 73-yard touchdown pass to Jimmie Hunt in the fourth quarter, held Dobbs in check most of the game and beat the Vols, 29-21, before 95,821 fans on a chilly night on the banks of the Tennessee ... (click for more)