--- In [email protected], bbrigante <[EMAIL PROTECTED]> wrote: > --- In [email protected], pibssmith <[EMAIL PROTECTED]> wrote: > > From E New > > E-News is a free service of RadioVillage.com. Feel free to forward > E- > > News to your friends all over the world! Click here to add a > > subscription. Our e-mail address is [EMAIL PROTECTED] Use it > > to ask us any questions ... to report problems ... to sign up your > > friends ... or to unsubscribe. AOL users should upgrade to the > > latest version to get the most out of E-News. Thanks for being an E- > > News reader! > > > > > > If true sounds like what Beckley did as money got tight he did not > > honor return orders but who knows what is true. > ************************ > > I don't recall if Beckley ever actually reneged on the payment of > return orders for his real estate course (which was legitimate in > theory even if unlikely to work for most users), but the main reason > the company got into trouble was over "Credit Card Millionaire," > which suggested that people should apply for 200 or so credit cards, > dump them on a bank manager's desk and get $200K of cash advance, > then make such a brilliant business investment that they could start > making minimum payments when the credit card bills came due in 30 > days
A friend of mine who has been on Purusha for about the last 25 years or so used to work for Beckley in that phone room he had where people would try and sell his course over the phone (I guess these were people who didn't buy the program outright when they had called up the 800 they saw on the infomercial). Well, after he worked for Beckley, he started to sell commodity options. He then got it in his head that he could make a killing on the options market so he got about 100 credit cards, cash advanced about $150,000 which he then put into the commodities market and promptly lost all of it. He then filed bankruptcy and went back on Purusha...actually I don't know if he ever even left Purusha when he went to work for Beckly and when he was selling options...perhaps it was a leave of absense or they had lax rules in those days...anyway, he's now back on Purusha, none the worse for wear for ripping off the credit card companies for $150,000, which you and I are indirectly paying for anyway... > -- obviously not workable, which prompted the Iowa Atty General > to order Beckley to refund all monies paid for the CCM course. > Beckley then filed for bankruptcy, but did not list all his assets, > which led to his doing time in a federal pen for bankruptcy fraud > (the Beckley saga was featured on an NBC Dateline program after his > downfall, as well as Saturday Night Live before the trouble started). > Beckley was chock full of hustles, like having his company loan him > $7 million dollars at one point instead of paying him a salary, so > that he would not have to pay income taxes on the "loan." An IRS > agent spent about 7 months back in the 80s in his own office, at > Beckley's shop at 1900 Burlington, trying to untangle all the games > going on. Cliff Rose was a top exec at the Beckley Group, IIRC, but I > don't remember his title. > > > > > > Still not good in a > > small town with a shrinking economy. The owner or one of the owners > > Cliff Roses house has also been for sale for a few months now. > > > > > > > > Fairfield Company Target Of Lawsuit > > > > > > A Fairfield company is in the crosshairs of Iowa Attorney General > > Tom Miller. > > > > Mr. Miller has filed a consumer fraud lawsuit in Polk County > > District Court against Vision Improvement Technologies. The lawsuit > > says the company marketed a kit called the "See Clearly Method." It > > contains manuals, charts and video and audiotapes that demonstrate > > eye exercises and other techniques and claim they will naturally > > improve vision. Miller says the company sells the kits nationally > > with a 30-day trial basis and calls them risk free, but his office > > has received several complaints that the guarantee is not being > > honored. Thousands of kits were sold at $350 each. > > > > The following is a statement received by KMCD from the Attorney > > General's Office: > > > > Attorney General Tom Miller filed a consumer fraud lawsuit > Wednesday > > against Vision Improvement Technologies, Inc., a Fairfield, Iowa, > > company that sells a so-called natural vision improvement kit > called > > the "See Clearly Method." > > > > "We allege that the company made dramatic claims for its product > > that it could not substantiate," Miller said, "including > > representations that consumers who used the method could quickly > and > > easily free themselves of having to wear glasses or contact lenses." > > > > The lawsuit described the "See Clearly Method" as a kit of manuals, > > charts, videotapes and audiotapes demonstrating eye exercises and > > other techniques. The company allegedly sold tens of thousands of > > the kits for about $350 apiece. > > > > "We allege that Vision Improvement Technologies uses a combination > > of misleading and unfair marketing tactics to sell their kits," > > Miller said. "The alleged illegal tactics include exaggerated > claims > > of effectiveness, false implications of scientific validity, and > > misleading consumer testimonials in advertising." > > > > The lawsuit also alleges that a so-called "risk-free" 30-day trial > > period is deceptively presented and ends up obligating many > > consumers to pay hundreds of dollars apiece for a product that did > > not help them. > > > > "Our suit asks the court to halt the unfair and deceptive > practices, > > assess civil penalties, and provide appropriate reimbursement for > > consumers," Miller said. > > > > The suit was filed Wednesday morning in Polk County District Court > > in Des Moines. > > > > > --- In [email protected], bbrigante <[EMAIL PROTECTED]> > > wrote: > > > > http://tinyurl.com/d3dd8 > > > > > > > > Ru company? > > > > > > ******** > > > > > > To answer my own question, it was founded by Cliff Rose, who used > > to > > > work with Ed Beckley, I believe: > > > http://www.seeclearlymethod.com/scm/cofounder ------------------------ Yahoo! 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