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


WWTA Hypocrisy: Fee Grabbing

Thank you Chattanoogan for reporting the big news that no one else does.  This is a big story under the radar.  Hats off to American Heritage Apartments, Inc. for challenging governMint fee grabbing in a major way.   As reported in the Chattanoogan, the appeals court of East Tennessee recently ruled that the Hamilton County Wastewater Treatment Authority could ... (click for more)

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We welcome your opinions at Chattanoogan.com. Email to news@chattanoogan.com . We require your real first and last name and contact information. There is no word limit, but if your article is too long you may lose your reader. Please focus more on issues than personal attacks. (click for more)

Appeals Court Rules Against WWTA In Lawsuit Brought By Apartment Complex Over $8 Monthly Charges To Units

The Tennessee Court of Appeals has ruled in favor of an apartment complex that sued the Hamilton County Water and Wastewater Authority (WWTA) over an $8 monthly charge per apartment unit for preparing private service laterals. The court overturned a granting of summary judgment in favor of WWTA by former Judge Jackie Bolton. The appeals court said American Heritage Apartments, ... (click for more)

1 Dies In House Fire In Rhea County

Rhea County Fire Department officials said one person died in an early-morning house fire on Saturday. The call came at about 6:30 a.m. The brick residence is on Fisher Road. S tate arson investigators were on their way. (click for more)

Cleveland Wins Third Straight AAA State Duals Title Over Wilson Central

FRANKLIN – Jake Yost is batting a thousand in State Duals championship matches. Just call it a three-peat for the Cleveland Blue Raiders after Saturday night’s 35-26 win over Wilson Central here at the Williamson County Agricultural Expo Center. It was also the third straight time that the Wildcats had finished as the runner-up to Cleveland, but Saturday night’s battle was ... (click for more)

Baylor Edges Father Ryan for State Duals Wrestling Title

FRANKLIN – In an epic TSSAA D-II state duals finals which came down to the final two matches, defending champion Baylor relied on its Murderers’ Row, composed of three state champions, earlier in the match to edge Father Ryan, 32-30 for the state championship here Saturday night at the Williamson County Ag Expo Center. Trailing, 15-7 after six matches, Baylor then gained a ... (click for more)