Beware get-rich-quick schemes and scams
Sunday, September 16th, 2007The sentencing early last month of financial guru Wade Cook to 88 months in a federal penitentiary for tax evasion should stand as a warning to anyone thinking of buying into the get-rich-quick schemes peddled on late-night television, especially those hawked by self-styled real estate specialists.
“Real estate gurus, such as they were in the ’60s and ’70s, were all legit. Some were better than others, but they all were sincere,” said Alamo real estate investor and newsletter publisher John Reed, who keeps tabs on the purveyors of seminars, tapes and books supposedly filled with ways to reach real estate nirvana on his Web site, www.johntreed.com.




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