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


Support The Proven Leader Greg Martin

For as long as our family has lived in Chattanooga, we've all chosen to live and remain in Hixson because of its incredible sense of community that emphasizes our families.  For 40 years, I've known Greg Martin as a neighbor, during his time as a Hixson Wildcat and even now as a leader on the school board.  Greg was the only school board member willing to fire Rick ... (click for more)

Wasted Tax Dollars

In the past year my $3,500.00 in property tax to the city of Chattanooga has resulted in the sanitation engineers failing to pick up my garbage a minimum of 20 times.  Recently missed two times in August and now two times in September.  As of this post it's 6:15 p.m. Friday , 09-30-16, and the stinking trash is still on the street to be picked up even after ... (click for more)

Naked Man Involved In Collision On Highway 111 Taken Into Custody

A naked man who was involved in a wreck on Highway 111 late Friday morning is facing numerous charges. At approximately 11:40 a.m., Hamilton County Sheriff deputies started to receive numerous reports that a vehicle was driving erratically on U.S. Highway 111 and that the driver was stopping his vehicle and at one point got out of his vehicle in a naked state. According to ... (click for more)

City Council Incumbents Anderson, Gilbert, Freeman, Hakeem Pick Up Papers Seeking Re-Election

Four City Council incumbents have picked up papers for the March 7 city election. The latest getting qualifying petitions are Russell Gilbert in District 5, Chris Anderson in District 7 and Yusuf Hakeem in District 9. Moses Freeman in District 8 picked up earlier. Anthony Byrd is a possible challenger. Former District 7 Councilman Manny Rico has already qualified. Others ... (click for more)

Ooltewah Demolishes Soddy-Daisy 62-7 In Homecoming Blowout

Ooltewah exploded for 31 first-quarter points, kept the pedal to the metal and steamrolled Soddy-Daisy 62-7 Friday night in a Region 4-5A football whuppin’ that left the Trojans shaking their heads and the Owls celebrating an eye-popping homecoming triumph at James N. Monroe Stadium. It was Ooltewah’s sixth straight win against the Trojans and the average score in those games ... (click for more)

McCallie Routs Baylor, 42-7

McCallie’s high-powered offense – averaging 45 points in its four wins prior to Friday night - is as good as advertised and it’s defense –allowing only 23 points in those four victories - is rock solid. Just ask Baylor. Thanks to a clicking-on-all-cylinders offense led by senior quarterback Robert Riddle - 181 passing yards and three touchdowns – and a defense with three ... (click for more)