A Word To The Wise

Monday, December 24, 2012

So now Jack Brown is accused of stealing $12 million through a Ponzi scheme that involved a lot of his fellow church members. As a financial advisor I would advise everyone to be careful of any investment schemes offered by a member of one's church. Many Ponzi schemes are centered in a religious organization by crooks and shysters who prey on their fellow church members.

Two of the biggest frauds in recent memory were perpetrated by Bernie Madoff in New York and Robert McLean in Murfreesboro . Both offered unrealistic returns to members of their religion who because of their trust in a fellow church member did not perform their due diligence. Remember when any one offers you an investment opportunity:

1. If it is too good to be true it is probably a fraud

2. No matter how good an opportunity sounds never put all of your eggs in one basket.

Also demand that you get a financial statement from a well-known financial institution, not an individual.

Douglas Jones


Roy Exum: Fourth Of July, 2015

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Weather Clears. Lookouts Drop Double-Header To Barons Friday

The Chattanooga Lookouts (44-31) dropped both game one, 3-1, and game two, 6-1, of tonight's doubleheader against the Birmingham Barons (38-38) in front of a sold-out crowd of 6,371.  This was the largest crowd of the year for Chattanooga and their first sell out of 2015. The Barons improved to 6-11 overall and 4-2 on the road against the Lookouts. Birmingham pulled even ... (click for more)

TSWA Announces All-State Softball Teams

 The Tennessee Sports Writers Association has announced its all-state high school softball teams for 2015. Local selections include: AAA - Kayla Boseman (Fr), Ooltewah and Hallie Davis (Sr), Walker Valley; AA - Kaili Crawley (Fr) of Central; A - McKenna Morgan (Jr), Sale Creek; and, Division II-AA - Lauren Lewis (Sr), Kayla Hughes (Sr) and Cheyenne Lindsey (Fr) of Baylor.  ... (click for more)