New York Daily News Lawyer targets Madoff victims' profits Boston Herald “The people who made money (did so) at the expense of the people who didn't,” trustee Irving Picard told The Wall Street Journal, disclosing that he expects … Water Cooler Finance: The Unrelenting Claw Of Bernie Madoff San Francisco Chronicle India's poor infrastructure needs more than money Equitymaster.com Bernie Madoff trustee to file suits against victims, newspaper report states Bobsguide (press release) CBS MoneyWatch.com (blog)
New York Daily News Madoff Investors May Face Clawback Suits CBS MoneyWatch.com (blog) Irving Picard, the court-appointed trustee recovering money for the scam artist's victims told the Wall Street Journal he is preparing to sue as many as … Madoff Trustee Readies for New Round of Lawsuits NBC New York Water Cooler Finance: The Unrelenting Claw Of Bernie Madoff San Francisco Chronicle The Daily Docket: Madoff Trustee Prepares Lawsuits Wall Street Journal (blog) Earthtimes
Inquiring minds are once again digging deep into money supply questions. They are intrigued by the fact that money supply measures M2 and TMS1 are plunging towards zero, while TMS2 is still sporting a hefty 10+% year-over-year growth. TMS stands for “True Money Supply”. The suffix (1 or 2) stands for alternate measures, one including savings accounts and the other not. M2 is a widely used Fed aggregate for money. This looks technical (and it is), but please bear with me. I can …
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Money Supply Divergence – TMS1 vs. TMS2 vs. M2 – What does it Mean?
Scams find new home on the Web Greensboro News & Record “We work too hard to give our money away.” Dominique said that she has learned a lesson in prudence. “I've been a lot more cautious, and I've only used the …
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Scams find new home on the Web – Greensboro News & Record
Spot a scam or a con Sequim Gazette Be wary of mail or e-mails promising “free” vacations, foreign lotteries, cashier check scams , work at home offers or schemes that ask for your money up … and more
Anyone notice that most of the money is going to the SEC, and NOT to the people who lost money to the Goldman/ Fannie Mae mortgage scam ? I’ve been saying it for a while, NO one from Goldman is going to jail or losing his job over this …
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Goldman Makes Another Great Deal — for Goldman, of Course …
Posted on July 14th, 2010 in Work From Home Scams | Comments Off
The Consumerist (blog) Watch A Money Mule Scam Unfold The Consumerist (blog) This gal was looking to make ends meet by doing finding a part-time work -at- home gig, and ended up getting …

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Watch A Money Mule Scam Unfold – The Consumerist (blog)
Posted on July 9th, 2010 in Economy | Comments Off
Charlie, a Florida vendor, had a few comments regarding vendor sales. From Charlie … Hello Mish, “That’s all folks” is correct and right on the money. I have a vending business here in Florida. I service manufacturing and many general businesses. All are laying off workers. I have machines that were taking in 100.00 plus dollars a week that are now doing only 5.00 per week. This drop off is now much worse than in autumn of 2008. Mish, please tell people to save their …
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Anecdotes from Florida – "Hell is on the Way"
Posted on July 7th, 2010 in Work From Home Scams | Comments Off
Not All Tennessee Flood Victims Are in Nashville Insurance Journal Someone claiming to be from FEMA told him he had to use the money to pay off his home loan and he gave the bank $8000 before he realized that was a scam , …
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Not All Tennessee Flood Victims Are in Nashville – Insurance Journal
Posted on July 5th, 2010 in Work From Home Scams | Comments Off
Hickman's flood victims far from the spotlight Knoxville News Sentinel Someone claiming to be from FEMA told him he had to use the money to pay off his home loan and he gave the bank $8000 before he realized that was a scam , … and more
Posted on July 3rd, 2010 in Fraud, Wall Street Scams | Comments Off
WIVB Barbara Lee Votes to Rein In Wall Street California Chronicle … fraud and provide Californians with financial security. It is definitely a step in the right direction.” The Wall Street Reform and Consumer Protection … Landmark Wall Street Reform Passes With Bishop's Support Hamptons.com Why We Must Pass the Wall Street Reform Bill Huffington Post (blog) Murphy casts vote for Wall Street reform New Britain Herald The Nation. (blog)
Posted on July 1st, 2010 in Wall Street Scams | Comments Off
WJTV Financial Reform: A Big Win For Consumers, a Big Loss For Investors CBS MoneyWatch.com (blog) Investors lost, Wall Street won. Taking the consumer side first, color me thrilled that Congress created a potentially strong Bureau of Consumer Financial … Americans need financial reforms Charlottesville Daily Progress all 142 news articles
Posted on June 29th, 2010 in Scams | Comments Off
For American taxpayers, now on the hook for some $145 billion in housing losses connected to Fannie Mae and Freddie Mac loans, that amount could be just the tip of the iceberg. ….. The scam preys on vulnerable people seeking something for nothing. After a slick mortgage broker sold them a junk loan, wiped out their savings, left their home $100k+ upside down, they’re now going to pay what’s left of their money to an attorney who claims he can discharge the debt? …
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Moonbattery: The High Cost of Other People Living Beyond Their Means
Posted on June 23rd, 2010 in Wall Street Scams | Comments Off
Letter: A suggested remedy for Congressman Tom Rooney's financial proposals TCPalm A great deal of the rich getting richer happened in the Wall Street financial sector where casino-like shenanigans sucked the money out of circulation, … and more
Posted on June 22nd, 2010 in Wall Street Scams | Comments Off
The AtlanticWire (blog) McCain/Hayworth battle with press releases, debate looms Tucson Citizen McCain was very good at not bringing home the pork to Arizona but had no problem with doling it out to his East Coast, Wall Street buddies. … Hayworth pitched 'free money' seminars in 2007 infomercial AZ Central.com (blog) Viral Video Du Jour: J.D. Hayworth In 'Free Money' Infomercial CQPolitics.com (blog) all 139 news articles
Posted on June 16th, 2010 in Wall Street Scams | Comments Off
Homeowners Mobilizing to Stop Foreclosures Huffington Post (blog) They are the mortgage industry backed by their friends in the big banks who lent the money, and the Wall Street firms that securitized and resold the …
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Homeowners Mobilizing to Stop Foreclosures – Huffington Post (blog)
Posted on June 16th, 2010 in Scams, Wall Street Scams | Comments Off
1 in 5 Seniors Hurt By Money Crimes Leagle.com 16–From Wall Street investment scams to telemarketing ripoffs, financial swindles have hurt more than 7.3 million older Americans, and the actual number … Older Americans Fall Prey To Money Scams FOXBusiness all 24 news articles
Posted on June 15th, 2010 in Work From Home Scams | Comments Off
Alma Wal-Mart cashier foils scam attempt The Morning Sun The couple went home and called the “sweepstakes” people, telling them that the store refused to send the money. The scam artists said they would call back. …
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Alma Wal-Mart cashier foils scam attempt – The Morning Sun
Posted on June 14th, 2010 in Work From Home Scams | Comments Off
Warning signs of a scam Ravenna Record Courier … to work with your lender to modify, refinance or reinstate your mortgage. They may pocket your money and do little or nothing to help save your home . 2. …
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Warning signs of a scam – Ravenna Record Courier
Posted on June 13th, 2010 in Wall Street Scams | Comments Off
Times LIVE Goldman Sachs Envy Drove Big Boys to Blow Up Money Grid: Books Bloomberg June 14 (Bloomberg) — Note to Lloyd Blankfein: Imagine, for a moment, what would happen if a cardiac surgeon were paid like a Wall Street banker in 2006. … Summer bummer for Wall Street Crain’s New York Business SEC presses Goldman to 'cry uncle' Daily Times Cover that's way beyond the pale Times LIVE all 4 news articles
Posted on June 9th, 2010 in Scams | Comments Off
They are counting on you the “stupid taxpayer” to not figure out that when Fannie Mae loses $10 billion per quarter, it isn’t really your money. THE GREATEST GOVERNMENT RUN SCAM IN HISTORY IS UNDERWAY. Do you care? …
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The Burning Platform, financial collapse, depression, war
Posted on June 8th, 2010 in Wall Street Scams | Comments Off
Reuters India Goldman Rapped By Crisis Commission FINalternatives The Financial Crisis Inquiry Commission yesterday blasted the Wall Street giant of trying to “run out the clock” on the commission's probe. … Goldman Sachs stonewalling, federal panel says Los Angeles Times Goldman Sachs accused of dodging US inquiry into credit crunch The Guardian Subpoena for Goldman Sachs by FCIC This is Money Fortune (blog)
Posted on June 6th, 2010 in Scams | Comments Off
considering that Fannie and Freddie bought up all the garbage loans. As I understand it, all these bad loans were packaged up and bought by Fannie and. … Hello my dear do not full prey to those hoodlums at they that call them self money lender they are all scam , all they want is your money and you well not hear from them again they have done it to me twice before I met Mr. Brown Wilson the most interesting part of it is that my loan was transfer to me within 74hours so …
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How is it possilbe that people blame the free market for the real …
Posted on June 1st, 2010 in Work From Home Scams | Comments Off
Home Business,air max schuhe, Easy Money, Get Rich Quick Identity Loop Why: The technique itself is not a scam and many people are successful doing data entry work , so there is a level of comfort that this is a legitimate job …
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<title>Home Business,air max schuhe, Easy Money, Get Rich Quick – Identity Loop
Posted on May 24th, 2010 in Fraud, Scams | Comments Off
Filed under: foreclosure fraud | Tagged: foreclosure, foreclosure fraud, dinsfla, Freddie Mac, Michael Moore, Take Back the Land, homeless, fannie may, operation, welcome home, activism. « Memo to the bank: Take this money-sucking, …
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Activists Help Homeless Families Shop Around for Foreclosed Houses …
Posted on May 21st, 2010 in Work From Home Scams | Comments Off
Biofuel scam sends two behind bars Ct Post “I have had to work overtime to try and recoup the money these men took from me,” continued Darlene Riccobono, of Fairfield. “I would like to get my money … and more
Posted on May 17th, 2010 in Wall Street Scams | Comments Off
Seattle Post Intelligencer Ann Hornaday on premieres of 'Countdown to Zero,' ' Wall Street 2,' 'Inside Job' Washington Post “Surreal” also came to mind Saturday at the serene Hotel du Cap, just up the rocky coastline from Cannes, where the cast of ” Wall Street 2: Money Never … Cannes doc 'Inside Job' pegs 2008 crisis as heist The Associated Press all 164 news articles
Posted on May 16th, 2010 in Fraud | Comments Off
Today Daily Finance has published an article by me about the current state of the Facebook privacy drama . Simply put, it’s completely overblown. I don’t like the fact that Facebook seems to make huge changes just when I’ve finally figured out the last batch of changes. But this is the internet, people. Things move fast, and so Facebook has to make frequent changes to keep developing their business model. And make no mistake – – Facebook is a business. As much as you might like to think it’s just a clever way to interact with your friends, the reality is that Facebook is a business that needs to generate revenue one way or another. Users don’t seem willing to pay for access to Facebook, so the company must look to advertisers and other partners to bring in money. The only way to make the network attractive to those with the money is by opening things up.That means Facebook is going to encourage (and in some cases require) that certain parts of your profile be public. After all, what good is user data if those who would pay to get access to it can’t actually access anything? The biggest complaint about the recent changes to Facebook’s privacy options is that there are too many of them. The New York Times calls the privacy options “bewildering.” At Daily Finance, my colleage Sam Gustin is also annoyed with the number of privacy choices on Facebook. But is it really all that bad to have lots of options when it comes to the many pieces of data you can add to your profile? I don’t think so. It’s nice that you can hide certain items while making others public. And I guarantee you that if Facebook now had only a few privacy choices that applied to large chunks of data, critics would be saying we don’t have enough control. Truthfully, the Facebook privacy settings are not the least bit confusing for anyone who can be bothered to take 10 minutes to look at them and use Facebook’s “help” function . I think Sam is just too lazy to learn about the privacy settings. And really… is it too much to ask that if you want to keep things private, you spend 10 or 20 minutes a few times a year learning about the options and tweaking your profile? I became motivated to write about this when my writing team at Daily Finance (which includes Sam) had a discussion about the “confusing” Facebook privacy settings via our team email list. To help defend his position that Facebook’s privacy is awful, he cited Danah Boyd as a “sophisticated thinker” on his side of this argument. I’ve never heard of her before, but okay. Sam says she’s sophisticated, so let’s go with it. Danah was shocked that Facebook didn’t contact her to help them after she did a keynote at SXSW. Really? That sets the stage for the rant, doesn’t it? Facebook didn’t bow down to Danah’s obvious superiority in the area of social media privacy, and now they shall pay. She says lots and lots of people are scared of these privacy issues on Facebook. I think that most of these scared people are simply too lazy to look at the privacy settings on Facebook, and are instead listening to people like Danah say they ought to be worried, and now they’re worried. Notice a theme here? Lazy Facebook users? Danah’s premise throughout most of the article is reasonable, but then she holds up a teenager using Facebook as an example of what’s so wrong with Facebook’s privacy settings. This poor teenager didn’t know that setting photos to be viewable by “Friends of Friends” meant that friends of friends could actually see them. Really? This is your shocking example of how awful Facebook is? That a user didn’t have basic common sense? Sure, she’s a teenager. But come on. By age sixteen I think basic reading comprehension skills have been learned, and “friends of friends” is not a terribly complicated phrase to interpret. This is by far not a “sophisticated” argument against Facebook. She goes on to complain about the fact that people don’t think the word “everyone” really means everyone. And she complains that Zuckerberg and Facebook team think they know what everyone wants. This is not a “sophisticated” argument either. Facebook critics are also sounding off that the “privacy” on Facebook isn’t really privacy at all, and the company is just looking for ways to exploit users. This argument fails if you again step back and look at Facebook as a business. The company must bring in revenue if it wants to survive, and it’s not “exploiting” users so much as finding ways to make the network enticing to those willing to pay for access. What Facebook absolutely must do, however, is be transparent. They must be clear about the privacy controls and make sure users know (if they bother to look) what is private and what is not. And for the users of Facebook – – you must take responsibility for your own data, because you’re the only one who can control it. If you don’t want things to become public, don’t post them on the internet. That’s really the only privacy control you may need.

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Get over the Facebook privacy drama
Posted on May 15th, 2010 in Wall Street Scams | Comments Off
Los Angeles Times Trading firms put their money on poker experts Los Angeles Times A new breed of Wall Street recruit gets ahead not through connections or business experience, but through demonstrating a head for numbers, quick thinking … and more
Posted on May 13th, 2010 in Fraud, Wall Street Scams | Comments Off
Washington Post Wall Street faces NY probe on ratings data CNNMoney Critics have repeatedly suggested that the relationship between Wall Street firms and the credit rating agencies was a key factor contributing to the … Eight Wall Street banks face probe This is Money Banks Probed For Misleading Rating Agencies NPR NY Attorney General Cuomo opens probe to learn if 8 banks misled credit raters Washington Post StreetInsider.com (subscription) (blog)
Montgomery County Courier Beware: Scams are getting more creative to take your money Montgomery County Courier What is unique about this scam is that the grandchild was indeed away from home , either at college or working at a job out of town. …

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Beware: Scams are getting more creative to take your money – Montgomery County Courier
Benzinga Fraud Charges Aren't Goldman's Only Worry Motley Fool Since the SEC brought civil fraud charges against Goldman Sachs (NYSE: GS) last month, the Wall Street giant has shed about 20% of its … Goldman Sachs to Settle SEC Fraud Case: Report Wall Street Pit (blog) Embracing Conflicts — A Bad Business Strategy Huffington Post (blog) Get It Right: Hindsight May Not Be 20-20 The Stanford Daily CBS MoneyWatch.com (blog)
Posted on May 5th, 2010 in Economy | Comments Off
Politico 2010 has the results of Tuesday’s North Carolina primary. I am pleased to report B.J. Lawson, a candidate I have endorsed, won the N.C. District 4 Primary. Lawson gathered 46.2% of the vote. This is a strong showing for a 4-man race. The Daily Paul site, dedicated to restoring constitutional government to the United States of America proclaims, “I’m celebrating by sending him a check. Anyone care to join me?” Money is always welcome, but so is your time and energy! …
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B.J. Lawson Wins N.C. District 4 Primary – Durham, Chapel Hill and parts of Raleigh
Posted on May 1st, 2010 in Wall Street Scams | Comments Off
Reuters Big Money: Debunking the myth of the Â'sophisticated investor' Washington Post As part of their defense in a messy SEC investigation, Goldman Sachs and investor John Paulson have trotted out a classic Wall Street … Wall Street heavyweight buffeted by news of criminal investigation MarketWatch Goldman Sachs Justice Department Investigation More Broad Than SEC's Huffington Post (blog) Goldman Sachs probe sends Wall Street stocks tumbling National Business Review Wall Street Journal
Posted on April 29th, 2010 in Scams | Comments Off
Fannie Mae is housing, so why have they created a residential cap and trade exchange? Here we go again… government greed. Follow the money. Global warming/climate change is nothing but a scam , it is so blatantly clear it’s unbelievable. …
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Say, isn't Fannie Mae a government sponsored enterprise? « Lake …
Posted on April 29th, 2010 in Work From Home Scams | Comments Off
'Free' work costs $6000 Danville News MOUNT PLEASANT MILLS — If you're planning to scam elderly people out of their money, George and Orpha Glace might make you …
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‘Free’ work costs $6000 – Danville News
Posted on April 27th, 2010 in Scams | Comments Off
Are they returning them into the tax system in which they came from, the tax system that was looted just to keep their scam running? No! Let’s start with Wells Fargo. After being bailed out with our money in 2008, their top five … Did the Fed and the Treasury orchestrate a de facto bailout of Fannie Mae and Freddie Mac – at public expense and sans Congressional approval? John Hussman thinks so. He provides a detailed account of just how 1.5 trillion dollars got diverted …
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Bill Totten's Weblog: The Financial Terrorists Who Destroyed Our …
Posted on April 27th, 2010 in Wall Street Scams | Comments Off
Reuters Democrats, undaunted, keep focus on Wall Street The Associated Press ” Wall Street is on the wrong side of this fight.” Democrats planned to keep up the pressure on Republicans after an expected setback put the brakes on … Republicans Are So Drunk on Wall Street Money They're Driving Off a Political … Huffington Post (blog) The One-Two Punch of Wall Street Reform dagblog (blog) Financial overhaul bill debate blocked by GOP San Francisco Chronicle msnbc.com
Posted on April 27th, 2010 in Wall Street Scams | Comments Off
Reuters Democrats pounce on report of Wall Street money swinging to GOP Washington Post (blog) Obamacare is a “help-the-poor” scam to take over our health care system and the Wall Street bill is a “punish-the-rich” scam to take over Wall Street . … Democrats, undaunted, keep focus on Wall Street The Associated Press US Republicans again thwart Wall Street overhaul The Age Republicans Are So Drunk on Wall Street Money They're Driving Off a Political … Huffington Post (blog) Before It’s News
The Hindu Republicans Are So Drunk on Wall Street Money They're Driving Off a Political … Huffington Post (blog) … isn't their guilt or innocence of securities fraud . The whole story puts on public display what these big Wall Street banks actually do for a living. … Financial overhaul bill debate blocked by GOP San Francisco Chronicle First thoughts: Let's try this again msnbc.com Democrats lose vote on Wall Street crackdown Times Online The Hill (blog)
Posted on April 26th, 2010 in Fraud, Wall Street Scams | Comments Off
Globe and Mail Goldman Sachs fraud is criminal Chicago Tribune Parade hundreds of Wall Street executives and traders, in shackles, into the Federal Court House. Causing the worst economic collapse in the US since 1929 … A $2.95 lesson for Wall Street CNN (blog) Questions From the Goldman Scandal Huffington Post (blog) Goldman Sachs: Worse than Enron? Creative Loafing Tampa (blog) The Hill (blog)
Posted on April 25th, 2010 in Work From Home Scams | Comments Off
DeMarrais: Bank tellers are first line of defense against con jobs NorthJersey.com When I first read of the scam victim, I wondered how the bank would allow her to withdraw so much money. But that wasn't the case; she kept her money at …
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DeMarrais: Bank tellers are first line of defense against con jobs – NorthJersey.com
Posted on April 24th, 2010 in Economy | Comments Off
Here is an image from a teacher inspired protest in Des Moines Iowa. Terry Hoffman, a language teacher, organized the kids. It might behoove Hoffman to spend more time teaching grammar. Fortunately she is retiring. In a KCCI video teacher, Terry Hoffman has the kids chanting “Show Us The Money”. In Massachusetts, teachers were telling kids that they would lose their homes if they did not get more money. Teachers have no business organizing kids to promote their …
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Save "Are" Teachers
Posted on April 22nd, 2010 in Fraud, Scams | Comments Off
This week Barry Minkow and iBusiness Reporting did a comparison of the business models of Pre-Paid Legal Services Inc. (NYSE: PPD) and the Take Shape For Life division of Medifast Inc. (NYSE:MED). Pre-Paid Legal is being investigated by the SEC , and Barry wondered how the compensation plans of Pre-Paid and TSFL stacked up. The obvious question is whether Medifast could eventually face the same scrutiny as Pre-Paid Legal. It seems that the SEC investigation of Pre-Paid Legal has focused on its stock buyback program (this is how executives and insiders get rich) and how the company is marketed. They also asked for data on membership statistics, so this could open the door to evaluating whether the practices of the company are like a Ponzi scheme. Fraud Discovery Institute issued a press release detailing 5 points of similarity between Medifast/TSFL and Pre-Paid Legal, which said in part: “Sixty-one percent of Medifast’s total revenue is derived from Take Shape for Life, the company’s multi-level marketing division,” said Barry Minkow, co-founder of FDI. “And since both Pre-Paid Legal and Medifast must rely heavily on their multi-level marketing pie-in-the-sky compensation structure in order to lure in new recruits, it is critical for Wall Street investors and analysts to factor in what legal issues Medifast might be facing. And these similarities are striking.” FDI’s latest report shows the examples of similarities between Pre-Paid Legal and Medifast: Both Medifast and Pre-Paid Legal report dismally low earnings for the vast majority of “coaches” and “associates.” From July to December 2009, 53% of Medifast’s “active” health coaches made an average of $97 per month, and this “average” is inflated, as it conveniently excludes all coaches who made less than $25 per month. In 2009, Pre-Paid legal reported that only 1.6% of vested sales associate personally sold more than ten memberships. With annual commissions of $16 or $25 per sale of a family plan for associates selling less than 25 memberships, this means that 98.4% of vested associates make less than $250 per year. Representatives of Medifast and Pre-Paid Legal are incentivized to recruit, rather than to sell the products. The representatives above the salesperson in both companies are collectively paid much more in commission on each sale than the associate who actually made the sale. It is nearly impossible to make a reasonable income simply selling the products or services of Medifast or Pre-Paid Legal, pushing the representatives to recruit new members in the hope of earning more. Both Medifast and Pre-Paid Legal have 10 levels of commission payouts. For an individual sale, the person making the sale will receive a small commission, while 9 other levels will receive commissions that, collectively, usually exceed the commission the actual salesperson received. What’s to hide? Neither Medifast nor Pre-Paid Legal disclose their “churn rates.” While both companies report the number of “active” coaches or associates at the end of the year (and Pre-Paid Legal also reports the number of associates recruited during the year), they deliberately fail to disclose the total number of representatives at the end of the year or the number of people who have quit during the year. Failing to disclose these key figures effectively conceals the failure rate of the recruits. What’s to hide, Part II? Neither Medifast nor Pre-Paid Legal discloses the real average income for their coaches or associates. Medifast appears to disclose average income, but excludes all coaches earning $25 or less in monthly commission from its calculations, effectively making the reported “average” a completely fictional number. “Multi-level marketing is not direct selling and is nothing more than a money transfer game where the product or service is merely the excuse used to move the money from those at the bottom of the pyramid to the exclusive minority at the top of the pyramid,” Minkow said. My favorite point of this whole press release is the part related to Medifast’s disclosure of “average” earnings, which aren’t average at all!!! The company claims that the average monthly earnings of the bottom 53% of coaches are $97 per month. But a careful reading of the fine print shows that this “average” applies only to what they deem “active” coaches. They deliberately exclude from their “average” calculation all the health coaches who make $0 to $25 per month. Obviously, if those coaches were included, the real average would be much lower than this phony average. And I don’t accept the argument that since Medifast discloses in the fine print how they are calculating their “average” that it is not misleading. Many people won’t look at the fine print, and when they see the word “average,” they have the audacity to believe that the number really means it’s an average . On Minkow’s iBusiness Reporting site, William Lobdell wrote an article about the recruiting tactics used by Medifast’s TSFL division . Recruiters are touting the “entrepreneur’s fantasy” that is Take Shape For Life, despite all evidence to the contrary. Medifast discloses certain earnings figures for its health coaches (although as mentioned above, their idea of calculating an “average” means leaving out everyone who made $25 or less per month). In this income disclosure document, the company gives warnings against making income claims. That doesn’t stop Take Shape for Life co-founders Dr. Wayne Andersen and Dan Bell from claiming in a recruiting webinar that coaches can put in as little as 30 or 60 minutes a day and earn $35,000 a year. “This is not pie in the sky,” said Dan Bell, a global director for Take Shape for Life, at one point during the roughly hour-long webinar. “This is not hype … this is the truth.” Outlandish claims like this apparently work well for recruiting people into multi-level marketing companies. But TSFL is working hard to avoid the label of multi-level marketing , even though it’s clear the company is an MLM… they recruit people into multiple levels in the sales chain, and 10 levels of people can receive commission on one sale. Why is Medifast running away from the multi-level marketing label. I think they should be proud of their business model. If it’s so successful and earns so many people so much money (clearly it doesn’t, based on the limited data the company releases), then Medifast and Take Shape For Life should proudly accept and market the MLM label.

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A comparison of Medifast and Pre-Paid Legal
Posted on April 22nd, 2010 in Fraud, Wall Street Scams | Comments Off
Los Angeles Times Was Goldman Deal Fraud , or Just Flawed? New York Times (blog) … be set that will help the SEC create new laws about how much Wall Street has to disclose to investors, even if they are large sophisticated players. … Lobbying expenditures drop for many firms in first quarter Washington Post Coziness makes Wall Street reform all the more difficult The News Journal SEC accuses Goldman Sachs of civil fraud Las Vegas Sun Houston Chronicle
Posted on April 22nd, 2010 in Fraud, Wall Street Scams | Comments Off
AFP SEC accuses Goldman Sachs of civil fraud Las Vegas Sun The SEC said the fraud , a blow to the reputation of Wall Street's most powerful firm, was orchestrated in 2007 by a Goldman vice president then in his late … Questions for Banks That Put Together Deals New York Times (blog) Wall Street heavyweight John Paulson under SEC glare in Goldman case Washington Post Goldman Fraud Charge: It's The Sachs on Wall Street , Not Saks Fifth Avenue CBS MoneyWatch.com (blog) Houston Chronicle
Posted on April 21st, 2010 in Scams | Comments Off
Are they returning them into the tax system in which they came from, the tax system that was looted just to keep their scam running? No! Let’s start with Wells Fargo. After being bailed out with our money in 2008, their top five … Did the Fed and the Treasury orchestrate a de facto bailout of Fannie Mae and Freddie Mac — at public expense and sans Congressional approval? John Hussman thinks so. He provides a detailed account of just how 1.5 trillion dollars got diverted …
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Common Man News: The Financial Terrorists Who Destroyed Our …
Posted on April 21st, 2010 in Wall Street Scams | Comments Off
Washington Post Senate Leaders Trade Charges of Improper Relations With Wall Street FOXNews Republicans say the bill is a bailout for Wall Street banks by giving them a taxpayer-funded safety net. Democrats say Republicans are doing the banks' … Goldman political contributions under attack USA Today Republicans soften on Wall Street reform bill Los Angeles Times Blanche Lincoln Won't Return Dirty Money Blue Arkansas (blog) Raw Story
Posted on April 20th, 2010 in Scams | Comments Off
Are they returning them into the tax system in which they came from, the tax system that was looted just to keep their scam running? No! Let’s start with Wells Fargo. After being bailed out with our money in 2008, their top five … Did the Fed and the Treasury orchestrate a de facto bailout of Fannie Mae and Freddie Mac — at public expense and sans Congressional approval? John Hussman thinks so. He provides a detailed account of just how 1.5 trillion dollars got diverted …
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The Financial Terrorists Who Destroyed Our Economy Will Pay Zero …
Posted on April 20th, 2010 in Scams | Comments Off
Are they returning them into the tax system in which they came from, the tax system that was looted just to keep their scam running? No! Let’s start with Wells Fargo. After being bailed out with our money in 2008, their top five executives … This just in from the Roosevelt Institute: De facto bailout for Freddie and Frannie Did the Fed and the Treasury orchestrate a de facto bailout of Fannie Mae and Freddie Mac — at public expense and sans Congressional approval? …
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Mostaque Ali: Is America a banana Republic?