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



City Puts Another Crimp In The Fading Affordable House

We love to have conversations around affordable housing and how big bad developers are only chasing the dirty dollar. But then the same administration proposes an increase in all the costs that go into an affordable house. We see countless examples of building codes and zoning ordinances tightening up regulations. A couple months ago, Red Bank increased the minimum house size (tax ... (click for more)

Roy Exum: The Saturday Funnies

Today’s edition of The  Saturday  Funnies is the most technical savvy, advanced, software-enhanced, and modern-day genius that I have ever delivered. I can sum it up in just one sentence: I am using a new H-P Pavilion that is the newest seventh-generation Intel Core computer and, if you want to see “real funny,” go get a new computer and try switching over your tech ... (click for more)

Aaron Biddle, 21, Shot And Killed On Basswood Drive Saturday Afternoon

Aaron Biddle, 21, was shot and killed on Saturday afternoon. The Chattanooga Police Department responded around 3:45 p.m. to the 7800 block of Basswood Drive on reports of a person who had been shot.  Upon arrival, police were able to locate the victim who had succumbed to his injuries. A suspect was detained by police immediately upon their arrival.  Investigators ... (click for more)

Corker, Aide Help Gain Release Of Holts From Venezuelan Prison

 Senator Bob Corker (R-Tenn.), chairman of the Senate Foreign Relations Committee, welcomed the release of American citizen Josh Holt and his wife, Thamy, who have been detained in a Venezuelan prison for the last two years.   “I am pleased to join Senator Hatch and President Trump in announcing the release of Josh and Thamy Holt,” said Senator Corker. “Senator ... (click for more)

Summertown Stops Sale Creek's Bid For A State Class 1A State Softball Title, 7-5

MURFREESBORO, Tenn. – Sale Creek had its sight set on making some softball history Friday. The Lady Panthers reached their first TSSAA state softball championship with a 3-1 victory over Cascade, powered by a Trinity Liner three-run homer on her 18 th birthday. A few hours later, they wanted to beat Summertown and set up a second title game for all the marbles. ... (click for more)

Silverdale Wins D-II-A State Softball Title

MURFREESBORO, Tenn. – Kaili Phillips got disqualified in the first inning of Thursday’s game against the Tipton-Rosemark Lady Rebels and nobody gave the Silverdale Lady Seahawks a snowball’s chance of winning that game. But they did. Nobody gave the Lady Seahawks much of a chance of repeating that feat less than 24 hours later in the winner-take-all final game, but once again, ... (click for more)