Cain Has Long History of Selling Financial Scams to His Followers

Cain Has Long History of Selling Financial Scams to His Followers February 2, 2019

Herman Cain, who is reportedly being considered for a seat on the Federal Reserve Board, for which he is manifestly unqualified, has a long history of using the mailing list of supporters he developed while running for president to sell them all manner of ridiculous financial scams.

Right-wing commentator Herman Cain, who is reportedly being considered for a Federal Reserve seat, has spent years pushing scammy financial emails to his mailing list. Those sponsored emails touted a “weird trick” that supposedly “adds up to $1,000 a month to Social Security checks”; advice on “the best place to hide your money”; and financial trades that could “turn $1,000 into $1.6 million.”…

Cain sent a sponsored email from Agora Financial suggesting that Americans could piggyback “onto ‘Canadian Social Security’” and collect “extra benefit checks between $400 and $4,700 every month.” CNBC criticized Agora Financial for the ad, stating: “There’s only one problem: that’s not the way it works, according to authorities.” Mother Jones’ Tim Murphy reported that “Agora and its subsidiaries have been accused of crossing the line between aggressive salesmanship and deception.”

There are lots of other examples in the link above. For Trump, of course, this is again a feature rather than a bug. That means Cain made a lot of money and that makes him a “winner.” Doesn’t matter how he did it, just like it’s never mattered to Trump how he made money. They are both con artists.

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