Another Stansberry Con Job

Another Stansberry Con Job October 24, 2013

Frank Porter Stansberry, the get-rich-quick con man who sometimes writes for the Worldnetdaily and offers bizarre predictions (like telling his credulous victims that Obama’s got a secret plan to rev up the economy so much that we’ll repeal the 22nd Amendment and give him a third term in office), has a new scam telling people how they can earn tens of thousands of dollars per month just like Michelle Obama does!


It goes without saying that this is a “super secret strategy” known to the “biggest names in D.C.” I mean, Bill Clinton “uses this super-secret income system” to make almost $85,000 a month! But don’t worry, “just about anyone” can use these “super secret strategies” to become wealthy. And they’ll teach you how to do it. All you have to do is order their newsletter for $1000 (or perhaps more; that price came from an SEC complaint against Stansberry in 2003, in which he was ordered to pay $1.5 million back to those he had scammed).

The judge in that case ruled that Stansberry “undoubtedly involved deliberate fraud.” He appealed to the 4th Circuit Court of Appeals, which upheld the lower court ruling and said “it would take an act of willful blindness to ignore the fact that Appellants profited from the false statements.” You can read the full complaint from the SEC here.

Stansberry peddles his scams largely through right-wing websites, especially by sending out ads like the one above to the subscribers of sites like Human Events. And he always has secret information that the government doesn’t want you to know, hidden strategies that the super-rich elites have and he’s going to give you the secrets if only you pony up the cash. The man is a fraud, plain and simple, which explains why Joseph Farah likes him so much.

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