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


Thomas Gage, Not Cage

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State Attorney General Says City Council Cannot Make Taxis Not Registered In Hamilton County Go Through Emissions Testing

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Hosting McCallie on Friday night, the Baylor soccer team knew that the first 15 minutes of the match would be key to a shot at upsetting its undefeated and top-ranked rival. The Red Raiders lasted 11 before the Blue Tornado struck.   McCallie opened the Division II-AA East/Middle Region match with high pressure, which paid off when Will McGregor finished a cross ... (click for more)