Liberal Forum

Apparently, the famously hating-of-time-share-scams investment advisor pushed a time share exit company that was secretly paying him millions to send them customers. People who took his advice to get out of time share scams feel they were scammed AGAIN - and that their trusted, professed-Christian financial guru victimized them by taking undisclosed payments to set them up for the kill. 

https://www.msn.com/en-us/news/crime/da ... r-AA1c3pW0
 

Cannonpointer » 05 Jun 2023, 2:02 am » wrote: ↑

05 Jun 2023, 2:02 am

Apparently, the famously hating-of-time-share-scams investment advisor pushed a time share exit company that was secretly paying him millions to send them customers. People who took his advice to get out of time share scams feel they were scammed AGAIN - and that their trusted, professed-Christian financial guru victimized them by taking undisclosed payments to set them up for the kill. 

https://www.msn.com/en-us/news/crime/da ... r-AA1c3pW0

People were sort of disenchanted with Louis Rukeyeser,  too.
His "advice" was followed to the degree that he could effect stock prices.

He was thought to have invested before his own show and raked in a lot based on his own actions.

Illegal? Maybe not technically. Unethical? If others suffered for it, absolutely.

Forbes consistently hawks investments that advertise in its pages. Money magazine bought out Mutual Fund magazine and spends about half its time telling subscriber where to SPEND their money rather than where to invest it.

In my opinion the best investment advice in magazines is to be found in Kiplingers and the AAII magazine, neither of which has much to say in favor or or against any political party.

Never understood the appeal of Ramsey

He should be recommending buying stock in Lockheed and Raytheon

Mrkelly » 05 Jun 2023, 9:57 am » wrote: ↑

05 Jun 2023, 9:57 am

Never understood the appeal of Ramsey

He should be recommending buying stock in Lockheed and Raytheon

A few years ago I used to listen to Ramsey's radio show...but it got boring and I don't listen anymore.

I think the best way to invest is to do yer own research on publicly traded companies...and DON'T get emotional...greed will do that.

Research a company's share structure...outstanding shares, short %, float, sector, etc.  Pull up a stock chart to view the history of the stock price performance. Never use charts to predict future performance. A broker told me that. He does his research first, then checks the chart to see if his research is consistent with the past performance.  

Years ago a wise old boy said be careful when trading stocks.  He said, "I'd rather miss a chance at a profit than lose my principle."  Keep emotions out of it.

P.S.  Almost all penny stocks are scams.

 
PSS.   Always look for the negatives in a company...that's what might jump up and bite. The positives will take care of themselves.

Honestly, if he referred listeners to a company and the company helped them get out of a timeshare they no longer wanted, I don't see why they are complaining. So Ramsey got paid. Who **** cares? The listeners asked for a service, paid for said service and received the service for which they paid.

DeezerShoove » 05 Jun 2023, 7:29 am » wrote: ↑

05 Jun 2023, 7:29 am

People were sort of disenchanted with Louis Rukeyeser,  too.
His "advice" was followed to the degree that he could effect stock prices.

He was thought to have invested before his own show and raked in a lot based on his own actions.

Illegal? Maybe not technically. Unethical? If others suffered for it, absolutely.

No, no - it's **** illegal. Illegal as hell.
 

roadkill » 05 Jun 2023, 10:43 am » wrote: ↑

05 Jun 2023, 10:43 am

A few years ago I used to listen to Ramsey's radio show...but it got boring and I don't listen anymore.

I think the best way to invest is to do yer own research on publicly traded companies...and DON'T get emotional...greed will do that.

Research a company's share structure...outstanding shares, short %, float, sector, etc.  Pull up a stock chart to view the history of the stock price performance. Never use charts to predict future performance. A broker told me that. He does his research first, then checks the chart to see if his research is consistent with the past performance.  

Years ago a wise old boy said be careful when trading stocks.  He said, "I'd rather miss a chance at a profit than lose my principle."  Keep emotions out of it.

P.S.  Almost all penny stocks are scams.

PSS.   Always look for the negatives in a company...that's what might jump up and bite. The positives will take care of themselves.

Ramsey's "investment" system is for people who are in debt with no savings or investments, but have jobs.  And, for that group, his advice is fairly sound.  Also, Ramsey does not give stock advice.

As for Time Shares, it's about the scamiest industry around. About up there with Amway and multi-level marketing.  Sad to hear that someone is charging tons of money claiming to be able to get folks out of timeshare.  I don't know too much about those folks - but, I'm curious enough to look into it.

Skans » 05 Jun 2023, 12:21 pm » wrote: ↑

05 Jun 2023, 12:21 pm

Ramsey's "investment" system is for people who are in debt with no savings or investments, but have jobs.  And, for that group, his advice is fairly sound.  Also, Ramsey does not give stock advice.

As for Time Shares, it's about the scamiest industry around. About up there with Amway and multi-level marketing.  Sad to hear that someone is charging tons of money claiming to be able to get folks out of timeshare.  I don't know too much about those folks - but, I'm curious enough to look into it.

Well, the claim is he made thirty million misdirecting his listeners. 

Sounds kind of crazy to me - I can't see the owners themselves makng that kind of scratch off disgruntled time share suckers. 
 

Mrkelly » 05 Jun 2023, 9:57 am » wrote: ↑

05 Jun 2023, 9:57 am

Never understood the appeal of Ramsey

He should be recommending buying stock in Lockheed and Raytheon

He was preceded in counseling the debt-strapped by a guy named Bruce Williams, whose production company was called Talknet. This was pre-internet. He had a dutch-uncle barritone and spoke exclusively in bromides. His advice was invariably, "Get a second job, then get a third job." 

He was an excellent apparatchik for the parasitic financier class - made being a wage slave seem quite like the only moral thing to do. 

ConsRule » 05 Jun 2023, 11:41 am » wrote: ↑

05 Jun 2023, 11:41 am

Honestly, if he referred listeners to a company and the company helped them get out of a timeshare they no longer wanted, I don't see why they are complaining. So Ramsey got paid. Who **** cares?

They feel they were set up to be fleeced yet again, by yet another shady business. And they feel Ramsey did this maliciously, for filthy lucre.

ConsRule » 05 Jun 2023, 11:41 am » wrote: ↑

05 Jun 2023, 11:41 am

The listeners asked for a service, paid for said service and received the service for which they paid.

Wait. That is PRECISELY the argument the time share company makes - not a jot or a tittle different than what the FIRST bunch to fast-talk these complusive buyers out of their money might argue.

Sitting down easy targets who were already fleeced in front of practiced sales-sharks to be re-fleeced is tortious, it would appear. Why NOT hire a lawyer and try to be made whole?
 

Cannonpointer » 05 Jun 2023, 12:40 pm » wrote: ↑

05 Jun 2023, 12:40 pm

Well, the claim is he made thirty million misdirecting his listeners. 

Sounds kind of crazy to me - I can't see the owners themselves makng that kind of scratch off disgruntled time share suckers.

They sponsored Ramsey's show.  He ran their ads.  Similar to how all the Conservative pundits push Relief Factor, which just has a bunch of herbal supplements you can find in Walmart in one pill. I don't see that Ramsey is responsible. But, if these people took money and didn't deliver what they promised, then maybe he is. 

As far as I know, the only way to get out of timeshare is bankruptcy, death, and paying some large extortion to get the scammers to let you out of the contract.  My guess (just a guess) is that this anti-time-share company would go to the timeshare company and say something like "hey, this guy's only got $5,000 - he can use it to file bankruptcy or pay it to you".  Probably worked the first couple of times until they caught on.  Who knows.

I never could figure out how someone gets convinced to buy a timeshare.  You've got to be one of the stupidest M-F'ers around to buy that ****.
 

Skans » 05 Jun 2023, 1:01 pm » wrote: ↑

05 Jun 2023, 1:01 pm

They sponsored Ramsey's show.  He ran their ads.  Similar to how all the Conservative pundits push Relief Factor, which just has a bunch of herbal supplements you can find in Walmart in one pill. I don't see that Ramsey is responsible. But, if these people took money and didn't deliver what they promised, then maybe he is. 

As far as I know, the only way to get out of timeshare is bankruptcy, death, and paying some large extortion to get the scammers to let you out of the contract.  My guess (just a guess) is that this anti-time-share company would go to the timeshare company and say something like "hey, this guy's only got $5,000 - he can use it to file bankruptcy or pay it to you".  Probably worked the first couple of times until they caught on.  Who knows.

I never could figure out how someone gets convinced to buy a timeshare.  You've got to be one of the stupidest M-F'ers around to buy that ****.

All you have to do to ditch time share, once it is paid for, is stop paying the upkeep. It'll ding your credit, but you'll be done with it. 

As far as getting out off it BEFORE you pay it off? That is a horse of another color. They partner with third party lenders. 

Cannonpointer » 05 Jun 2023, 12:54 pm » wrote: ↑

05 Jun 2023, 12:54 pm

Wait. That is PRECISELY the argument the time share company makes - not a jot or a tittle different than what the FIRST bunch to fast-talk these complusive buyers out of their money might argue.

Sitting down easy targets who were already fleeced in front of practiced sales-sharks to be re-fleeced is tortious, it would appear. Why NOT hire a lawyer and try to be made whole?
 

The service to which I was referring was getting them OUT of their time share.  While I think buying a time share is an idiotic thing to do, I know a few people who have them and love them.  To each their own.  But if Ramsey referred them to a company who could get them out of their contract, and the company did in fact get them out of their contract, the listener was not damage or harmed in any way.  Ramsey didn't lie about what the company could do and the company did what they said they would do.

Cannonpointer » 05 Jun 2023, 1:10 pm » wrote: ↑

05 Jun 2023, 1:10 pm

All you have to do to ditch time share, once it is paid for, is stop paying the upkeep. It'll ding your credit, but you'll be done with it. 

As far as getting out off it BEFORE you pay it off? That is a horse of another color. They partner with third party lenders.

They could go legal on you.  I don't know if they would, but they could. Yes, your credit will be tarnished.  But, F-it.  If you are buying timeshare it would probably be a good thing for you to have **** credit.
 

Cannonpointer » 05 Jun 2023, 12:12 pm » wrote: ↑

05 Jun 2023, 12:12 pm

No, no - it's **** illegal. Illegal as hell.

Louis broke the law?!
For years?!

He didn't have a disclaimer at the beginning of his show?

I am shocked and appalled. Not necessarily in that order.

"""well nothing but soup and sandwiches for you for the next 5 years!!"""

He is a bit obnoxious.

ConsRule » 05 Jun 2023, 1:15 pm » wrote: ↑

05 Jun 2023, 1:15 pm

The service to which I was referring was getting them OUT of their time share.  While I think buying a time share is an idiotic thing to do, I know a few people who have them and love them.  To each their own.  But if Ramsey referred them to a company who could get them out of their contract, and the company did in fact get them out of their contract, the listener was not damage or harmed in any way.  Ramsey didn't lie about what the company could do and the company did what they said they would do.

If the product ramsey referred them to abused them, and ramsey took their money while appearing a trusted and disinterested party, that is tortious. 

You are simply assuming they were not fast-talked and fleeced a second time. 

Skans » 05 Jun 2023, 1:01 pm » wrote: ↑

05 Jun 2023, 1:01 pm

They sponsored Ramsey's show.  He ran their ads.  Similar to how all the Conservative pundits push Relief Factor, which just has a bunch of herbal supplements you can find in Walmart in one pill. I don't see that Ramsey is responsible. But, if these people took money and didn't deliver what they promised, then maybe he is. 

As far as I know, the only way to get out of timeshare is bankruptcy, death, and paying some large extortion to get the scammers to let you out of the contract.  My guess (just a guess) is that this anti-time-share company would go to the timeshare company and say something like "hey, this guy's only got $5,000 - he can use it to file bankruptcy or pay it to you".  Probably worked the first couple of times until they caught on.  Who knows.

I never could figure out how someone gets convinced to buy a timeshare.  You've got to be one of the stupidest M-F'ers around to buy that ****.

The road out of time share is extremely simple. Stop paying. It might ding your credit - but savvy lenders will scoff at it, and where credit is concerned, time heals all wounds.

Skans » 05 Jun 2023, 1:43 pm » wrote: ↑

05 Jun 2023, 1:43 pm

They could go legal on you.  I don't know if they would, but they could. Yes, your credit will be tarnished.  But, F-it.  If you are buying timeshare it would probably be a good thing for you to have **** credit.

Going legal would far exceed the losses of you paying your "upkeep and taxes." They would never go legal, once the product is paid off - and they use third party lenders, so they would never go legal if you tell the third party lender to **** off. That lender would though.