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happy halloween
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happy halloween

  #1 (permalink)
Market Wizard
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Silvester17's Avatar
 
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happy halloween

it's long, scary and not something you read every day.

so what do you think?

Stansberry's Investment Advisory

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  #2 (permalink)
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I get Porter's research...

some of it is good some of it is over the top.

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  #3 (permalink)
Market Wizard
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wldman View Post
some of it is good some of it is over the top.

that's what I would say, way over the top. maybe he needs to scare people to promote his stuff.

even though there are some valid statements as well.

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  #4 (permalink)
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Stansberry is a fraud.

Porter Stansberry investment scam in SEC fraud action
Stansberry & Associates Investment Research presentation scam ? do not fall for this | Hillbuzz | Conservative Political Analysis, Action & Humor | Kevin DuJan Editor
Stansberry & Associates Investment Research Complaints, Reviews - Spam and False E-Mail

Don't waste your time.

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  #5 (permalink)
Elite Member
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Fat...

questionable sources, though I do not disagree that people could share your opinion. For that matter we could probably find similar dis for any research house.

I bot a number of their income ideas and made money on all but one.

Interesting that you lay out such a certain judgement. Are there other facts?

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  #6 (permalink)
Elite Member
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wldman's Avatar
 
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If you looked all the way down the google page...

The judge ordered that Porter and his company "...shall be, and hereby are, enjoined from any and all future violations of Section 10(b) of the Securities and Exchange Act of 1934, 15 U.S.C. § 78j(b), and Rule 10b-5 thereunder, 17 C.F.R. § 240.10b-5"; and "...shall pay the Clerk of the Court the sum of $1,312,620 together with judgment interest thereon." And: "Defendant Frank Porter Stansberry shall pay a civil penalty in the amount of $120,000 pursuant to 15 U.S.C. § 78u(d)(3)(B)(iii)."


The judge described Porter's work as (quoting from the judge's decision) "a fraud scheme whereby victims were induced to pay $1,000 each for a 'sure thing' stock tip allegedly based upon 'inside information"....”


The judge also noted that "...Stansberry’s conduct undoubtedly involved deliberate fraud, making statements that he knew to be false." And: "the Court does not find that Stansberry recognizes his factual culpability and, indeed, finds that he testified falsely at trial."

So the guy was actually found guilty. There you go, real evidence to support a claim although this is peanuts relative to most of the so called scam artists.

Does this fraud that there is evidence of here then commit the rest of a "body of work" to the same judgement? I mean the guy is still "in business".

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  #7 (permalink)
Market Wizard
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Silvester17's Avatar
 
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here's some more brain food.

same problem, different outlook. :sos:

'Modern capitalism has reached the end of its rope? — RT

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