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


More Than A Test Score

“Public Education” is on the lips of every politician, during every election cycle. Yet, the debate continues. It is doing well, it is doing poorly, it needs reform, whatever the narrative needs to be that day or what the audience wants to hear.  Well, there are three sides to every story: “Yours, mine, and the cold, hard truth,” like the old Don Henley song reminds us. ... (click for more)

Continue The Current Leadership In Lakesite

November gives each of us an opportunity to go to the polls and demonstrate our “opinion” on how our government is functioning and select those candidates who we feel represent our ideas on how our tax dollars should be spent.  The citizens of Lakesite are currently served by five elected commissioners who continue the long-standing tradition of frugal tax management and maintaining ... (click for more)

County GOP Chairman Says Berke Should Resign For Admittedly Using Encrypted Messaging With Top Staff; Berke, Lee Call It Blatant Partisan Attack

Hamilton County Republican Party Chairman Tony Sanders said Chattanooga Mayor Andy Berke "should immediately resign after admitting that he and his senior staff employ an encrypted message application that neither records or stores messages sent and received for the purpose of official city of Chattanooga business on a government-owned server." He said he was guilty of "deliberates ... (click for more)

Grohn Says Berke Use Of Encrypted Message Service Was Deliberate Attempt To Avoid Open Records

City Councilman Larry Grohn said Friday  that the use of an encrypted message service by Mayor Andy Berke was a deliberate attempt to avoid the Open Records Act. Councilman Grohn, who is running for mayor, said, " In recent days, there has been one story after another come out concerning how the Mayor and his head staffers have used end-to-end encryption apps to ... (click for more)

Cleveland Rolls Into 5-3A Volleyball Tourney As Favorite

CLEVELAND, Tenn. – Despite posting a one-loss District 5-3A regular season record, Cleveland volleyball coach Trish Powers acknowledges that her Lady Blue Raiders need serious work on several aspects of their game before starting the postseason tournament as the No. 1 seed. “Our senior class went above and beyond what the coaches expected and our growth as a team has been good,” ... (click for more)

Signal Mountain Volleyballers Power Past Ooltewah

Signal Mountain unleashed a potent front-line attack on Ooltewah on Thursday and the Lady Eagles blew past the Lady Owls 3-0 in  non-district volleyball action at Edward M. Foster Gymnasium. The set scores were 25-19, 25-22 and 25-15. Signal Mountain’s Aubrie Johnson, Maia Rackel and Olivia Powers combined for 30 kills and that proved to be a deciding factor in the ... (click for more)