A Scheme Here, a Gimmick There, a Racket to be Found Damn Near Everywhere!
A few weeks ago I released and an Intelligence Note to all of my subscribers on a company that I really, really had to hold myself back from describing as a fraud. Well, I had a few members of my team do some additional digging and, well,,,, I'm really trying to hold back....
As a public service, I will release the 31 page research report to the public this one time, free of charge. It has come to my attention that a few people can, and probably have, had their financial situations hampered in connection with company. This brings me to my next point: What are our government watchdogs doing? If a mere blogger can dig this deep and find this evidence, what is the SEC doing?
First we had Bernie Madoff, then Allen Stanford, and now... Well, I don't want to outright accuse this company of any legal wrongdoing, but from an investors perspective, and that of an astute laymen, the terms Ponzi scheme and pyramid scheme are just screaming at me. Hey, I even looked them up and posted them right in the analysis so readers can make up their own minds.
For those who are not regulars to my site, yes, I am short the company. Would you have shorted Madoff's operation if you researched it and found out what was going on? Download the report for free here: PrePaid Legal Services Actionable Intelligence Report - Pro 2009-03-13 16:58:17 601.87 Kb
This gives non-pro subscribers the opportunity to see the level of analysis and research available to pro subscribers. This is not a full forensic analysis, but an extended intelligence note - akin to a super summary of my opinion and findings. If you like what you see, you are welcome to subscribe to more. I have covered over 90 companies with a nearly 100% hit rate, and there are many more in the pipeline. Look here for performance figures for last year and this year to date (as of last week).