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Stansberry & Associates Investment Research

Steve

Well-known member
I have heard about this from several friends.. some on here and thought a warning was needed

U. S. JUDGE FINES AGORA SUBSIDIARY AND EDITOR $1.5 M FOR SECURITIES FRAUD

An investment newsletter’s publisher and its editor have been hit with $1.5 million in financial penalties after a U. S. federal judge determined they defrauded their own subscribers in a securities scam.

Judgment in favor of the Securities Exchange Commission and against Maryland-based Pirate Investor LLC, now called Stansberry & Associates Investment Research, LLC, and Frank Porter Stansberry was issued at the U. S. District Court for the District of Maryland on August 1, 2007 – 28 months after the completion of a bench trial.

The SEC had accused the defendants of fraud concerning a “Special Report” authored by Stansberry, using the pseudonym ‘Jay McDaniel’,
For that nugget of information, investors were told that they would have to pay $1,000. Stansberry signed the e-mail under the pseudonym “Jay McDaniel.”
http://briandeer.com/vaxgen/stansberry-fraud.htm

so before you fall for "Porter Stansberry's “End of America” and invest, consider his past investment advice. fraud charges.

not saying we are not in for tough times but, I would not invest with him..
 

lightninboy

Well-known member
I haven't investigated Stansberry, he might be shady, might have some good ideas on crisis investing but if they are good you ought to be able to implement them without using him. If things are as bad as he says it will get, it is questionable that anybody but the elite will profit from it. One discrepancy I have noticed is Stansberry came out saying the dollar will be dead by the end of 2011 and Alex Jones is a mouthpiece for him but Alex Jones's buddy Lindsay Williams says the dollar will be dead by the end of 2012. Alex Jones is obviously talking out of both sides of his mouth to make a buck. I am still an Alex Jones fan and I call it like I see it.
 
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