FTC taking action against Pre-Paid Legal Services Inc.
Much to my surprise, the Federal Trade Commission appears to be taking action against Pre-Paid Legal Services (NYSE:PPD) for making misleading representations in connection with its Identity Theft Shield and Affirmative Defense Response System products.
Fraud Discovery Institute releases Top 10 Red Flags for Fraud at Pre-Paid Legal
Top 10 Red Flags for Fraud at Pre-Paid Legal Services, Inc. (NYSE:PPD)
1. Pre-Paid Legal press releases and earnings calls consistently tout the “record” numbers that the company has achieved. This leaves the impression that the business is increasing in strength.
TRUTH: Every key metric for Pre-Paid Legal’s business was down in 2008, again demonstrating the weakness [...]
Fraud Discovery Institute releases new report about Pre-Paid Legal Services, Inc.
The Fraud Discovery Institute Inc. (FDI) launched PonziPlusPyramidEqualsPrepaid http://www.ponzipluspyramidequalsprepaid.com, a Web site containing the results of a multi-month investigation of Pre-Paid Legal Services Inc. (NYSE:PPD), a New York Stock Exchange, publicly traded company.
Red Flags of Fraud at Pre-Paid Legal
Today Fraud Discovery Institute and Barry Minkow released their Top Ten Red Flags for Fraud at Pre-Paid Legal Services Inc. (NYSE:PPD). The company is clearly on a decline, with recruitment numbers suffering and overall memberships.
Here are some of the more interesting points in the FDI report:
What does Dave Ramsey think about United First Financial
In my book, Dave Ramsey is hands down one of the best and most credible experts on getting out of debt. While I disagree with him on a few technicalities, we’re on the same page for most of what he preaches. The guy talks sense.
So when United First Financial representatives scammers began emailing me, calling [...]
Supporting pyramid schemes is lucrative for politicians
As Barry Minkow (Fraud Discovery Institute), Dr. Jon Taylor, Robert FitzPatrick, Eric Scheibeler and others (including me) continue the unpopular fight against multi-level marketing companies (which are nothing more than disguised pyramid schemes), I occasionally come across items of interest…
Like this one. Did you know that Utah Attorney General Mark Shurtleff has received tens of [...]
Irresponsible reporting about Usana by The Associated Press
In an article today about the Usana Health Sciences (NASDAQ:USNA) buyout offer by Myron Wentz (Gull Holdings), the following inaccurate statement was made:
The Securities and Exchange Commission concluded during the first quarter USANA’s marketing model is not a pyramid scheme, but the stock has a short interest about 34 percent, meaning many investors are [...]
