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: We Want Our City Back

Late Saturday morning, there was a driving rain as I took my khakis to be hemmed by Bruce Baird, who owns a wonderful menswear store on Broad Street, and it was glaringly obvious that what the crazies among us have done with a looney bike-lane scheme is ridiculous. There are concrete barriers, reducing Broad Street to two lanes of traffic, which I believe will impede downtown businesses ... (click for more)

Welcome The Bike Lanes - And Response

In just the last week, I’ve driven from North Chattanooga to downtown using North Market numerous times.  I’ve timed it and it has added no extra time to my commute.  In fact, cutting North Market down to one lane slowed folks down and made me feel safer while driving, which is actually the point of the road project. On top of that, I saw an adorable family biking ... (click for more)

Baylor Student, 16, Dies After Cardiac Incident At Pool

A 16-year-old Baylor School student died after a cardiac incident at a pool on Monday afternoon. Sumner Smith died in the incident on campus. The student was taken by ambulance to Erlanger. Baylor's Barbara Kennedy said it happened during a routine swim practice. He was found unresponsive in the pool. Counselors were being provided on the Baylor campus on Tuesday. ... (click for more)

Bradley County Commission Decides Not To Provide Animal Pickup Service

Bradley County Commissioners on Monday finally put animal control to rest. It was not easy and it was not without confusion, but in the end, the county will not provide animal pickup service.   Confusion began when commissioners were asked to approve the agenda, which included two options for animal control pick up. Item “D” provided for the SPCA of Bradley County ... (click for more)

Lady 'Canes Beat Bradley, Set Up Showdown With Ooltewah

CLEVELAND, Tenn. – East Hamilton and Bradley Central had played four times before their District 5-3A volleyball tournament opener on Monday. The two teams split the series. Monday’s match was clearly more important than the previous four, since the winner advanced in the district tourney and the loser went home. The No. 4 seed Lady Hurricanes (21-15) rallied impressively ... (click for more)

CSAS Advances In 5-A Volleyball With Win Over Copper Basin

Samantha Green didn't have any idea what her team's overall record was, but all that matters is that her CSAS Lady Patriots won their opening-round match of the District 5-A tournament on Monday at Silverdale and will face top-seeded Grace on Tuesday in the semifinals. The Lady Patriots beat the Copper Basin Lady Cougars on Monday, needing less than an hour to advance as CSAS ... (click for more)