When it comes to the Federal Government and the Budget are Ethical Actions Possible?

May 30, 2011

A recent CNN report quoted below clearly indicates that where there is a will there is a way.  It seems that access to money – taxpayer money – to buy votes or support from constituents is just too irresistible.  Those elected say on one hand that spending has to come under control and on the other hand create back door ways to spend.  Every choice has a consequence and it seems that out of control government spending is going to create a consequence that few will like! The CNN report is quoted below:

Washington (CNN) — The defense bill that just passed the House of Representatives includes a back-door fund that lets individual members of Congress funnel millions of dollars into projects of their choosing.

This is happening despite a congressional ban on earmarks — special, discretionary spending that has funded Congress’ pet projects back home in years past, but now has fallen out of favor among budget-conscious deficit hawks.

Under the cloak of a mysteriously-named “Mission Force Enhancement Transfer Fund,” Congress has been squirreling away money — like $9 million for “future undersea capabilities development,” $19 million for “Navy ship preliminary design and feasibility studies,” and more than $30 million for a “corrosion prevention program.”

So in a year dominated by demands for spending cuts, where did all the money come from?

Yet a better question…what would motivate an elected official to support in any way back door fund availability?  Seems that – especially those newly elected – would have called attention to this publicly.

Politics: Loophole for earmarks?

Roughly $1 billion was quietly transferred from projects listed in the president’s defense budget and placed into the “transfer fund.” This fund, which wasn’t in previous year’s defense budgets (when earmarks were permitted), served as a piggy bank from which committee members were able to take money to cover the cost of programs introduced by their amendments.

And take they did.

More than $600 million went to a wide number of projects, many of which appear to directly benefit some congressional districts over others.

For example, that $9 million for “future undersea capabilities development” was requested by Rep. Joe Courtney, D-Connecticut, whose district happens to be home to General Dynamics Electric Boat, a major supplier of submarines and other technologies to the U.S. Navy.

And the $19 million for “Navy ship preliminary design and feasibility studies”? Rep. Steve Palazzo, R-Mississippi, asked for that. His district’s largest employer is Ingalls Shipbuilding — a major producer of surface combat ships for the Navy.

A fair question is – how did these get in and what promises were made for funds for these projects?

Nothing in these expenditures appears to be illegal, but critics say they still may violate the spirit, if not the language, of the earmark ban.

“These amendments may very likely duck the House’s specific definition of what constitutes an earmark, but that doesn’t mean they aren’t pork,” says Leslie Paige of Citizens Against Government Waste, a government-spending watchdog group. The group believes if modification of the National Defense Authorization Act generated savings, that money should have been put toward paying down the deficit.

In their defense, supporters say the amendments offered by various members may very well represent good governance. The $30 million Rep. Betty Sutton, D-Ohio, set aside for corrosion prevention could go far to help tackle the Defense Department’s corrosion problem, estimated to cost the military more than $15 billion a year.

However, there are two things worth considering: Sutton’s request comes on top of the $10 million already included in the bill for corrosion related programs, and Sutton’s district is home to The University of Akron, which created the country’s first bachelor’s degree program for corrosive engineering in 2008.

Then, on May 9, two days before the defense bill mark-up, it was announced that the Defense Department had given the University of Akron $11 million to build its new “National Center for Education and Research in Corrosion and Materials Performance.”

Sutton was the biggest supporter of that new spending.

CNN Senior Congressional Correspondent Dana Bash contributed to this report.

One things seems real – in order to be elected one must learn to speak from both sides of ones mouth…cause it appears that it’s quite impossible to ethically speak the truth and stand by it.  If, in this country, we are to face our growing economic issues we need to do what we say and if that means no “earmarks” then NO EARMARKS or PORK!

YOUR COMMENTS ARE WELCOME!


Business Ethics Training – What’s up in Cuyahoga County and Why aren’t more Municipalities taking a proactive Ethics approach?

May 29, 2011

Recently I was asked to speak at the Florida Association of Counties 2011 Annual meeting – my presentations will be on Ethics.  In the conversation leading up to the decision to engage me, it was interesting as I was told about numerous ethical issues that face elected officials and those staff employed by the various local governments.  All too often the focus on ethics is about WHAT to do and HOW to do it.  My presentation brings a different look at Ethics.  For me, to have an effective ETHICS program one must look beyond the “What” to the “WHY.”

When organizations can identify WHY otherwise ethical people make unethical decisions or do unethical things, then – and in my opinion – only then can you have a program that creates a true ethical culture.

I mention the above cause today I received notice that Cuyahoga County offers first ethics training for businesses which is a step in the right direction.  The article that appeared is as follows:

The training comes in the wake of a more than two-year federal corruption investigation, which has charged more than 50 people and exposed a culture of pay-to-play that extended from county offices to suburban school boards.

County Auditor Frank Russo has been sentenced to nearly 22 years in prison for his crimes, while Commissioner Jimmy Dimora has pleaded not guilty to charges and faces trial in January.

The county’s new ethics code is much stricter than one that used to govern the former commissioners’ offices. The policy forbids hiring of relatives, requires county officials and employees to disclose potential conflicts of interest and requires staff members and those doing business with the county to sign ethics statements. Contractors and lobbyists must register with the inspector general, and they may not give anything of value to employees or make campaign contributions.

Dettelbach, meanwhile, founded the Northeast Ohio Business Ethics Coalition in October. About 75 local companies have already joined, signing a pledge to reject corruption and unethical businesses practices.

“We continue to transform our region into a place where shakedowns are met not with silence and acquiescence, but with outrage and resistance,” Dettelbach said in the release. “Just as we do drug prevention by talking to kids in school, we are working with the business community and our public institutions to try to stop bribes and kickbacks before they occur.”

The training will take place from 9:30 a.m. to noon at the Cleveland Public Library, Louis Stokes Wing Auditorium. To register, visit the county web site and click on “Contract vendor ethics training registration.”

My hat is off to them and I suspect as more issues of corruption surface (and they will surface)… this type of proactive approach is something that is a clear step in the right direction.  My hope is that the training will not center solely on what is ETHICAL and what is not, but rather why people who know the difference between right and wrong – ethical and unethical – make unethical choices.  If we take the time to indentify the WHY we stand a much better chance of avoiding the WHAT that often leads to prison!

YOUR COMMENTS ARE WELCOME!


Exemplary Ethical Business Practices – Kimberly-Clark Wins Business Ethics Award

May 26, 2011

Kimberly-Clark Corporation (NYSE: KMB) announced today that is has been selected as the winner of a 2011 Greater Dallas Business Ethics Award. The company was celebrated for its commitment to exemplary ethical business practices because its employees understand how important it is to behave ethically and comply with the law.

CONGRATULATIONS…as a business ethics speaker and author it is important to recognize those companies that commit their actions and resources to creating a positive ethical business environment.  As a part of that…this blog will gladly publicize award winners as an additional form of recognition.

Founded in 2000, the Greater Dallas Business Ethics Award recognizes public and private companies headquartered in the Dallas region that demonstrate a commitment to ethical business practices in their everyday operations, management philosophies, and in response to crises or challenges.

Of the 28 companies nominated for this year’s award, eight finalists were named, with three of those – Kimberly-Clark, Karlee and Purdy-McGuire – taking top honors. “These winners do the right thing for their company and the clients they serve. Their work reinforces the positive, ethical values of our local business community and beyond,” said program chair Gary Morris of Morris Capital Corporation.

When presenting Kimberly-Clark’s award, Morris noted that the 139-year-old company’s founding principles were grounded in honesty and integrity. In addition, he said judges were particularly impressed with Kimberly-Clark’s use of multiple tactics to help keep its ethics and compliance relatable.

“We are honored to be recognized for our ethical business practices,” said Thomas J. Falk, chairman and chief executive officer of Kimberly-Clark. “Kimberly-Clark operates with the same high standards of integrity today as it did when the company was founded in 1872. Our employees take pride in continuing our heritage of honesty, integrity, and ‘doing the right thing’ every day.”

In accepting the award, Thomas J. Mielke, Kimberly-Clark senior vice president of Law, Government Affairs & Chief Compliance Officer, thanked the Greater Dallas Ethics Award Committee for continuing to recognize the many great
companies who make ethics a priority. “Too often these days, we hear about individuals and companies who have set ‘bad’ examples rather than recognizing and celebrating those individuals and companies that rise above the current day’s challenges to do ‘good’ things in the ‘right’ ways,” Mielke said. “Kimberly-Clark thanks you for turning the spotlight on these types of companies and honoring them for presenting good examples that inspire others.”

The Greater Dallas Business Ethics Awards is supported by several business associations and academic centers, including the Dallas Chapter of the Society of Financial Service Professionals, Financial Planning Association of Dallas/Fort Worth, Edwin L. Cox School of Business at SMU, Cary M. Maguire Center for Ethics and Public Responsibility at SMU, the North Texas Ethics Association, and Success North Dallas.

Previous award winners include Atmos Energy, The Container Store, Daisy Brand, EDS, The Staubach Company, TXU and Trammell Crow Company.

Beyond the award to Kimberly-Clark…I would also like to recognize the Greater Dallas Business Ethics Association for their efforts in recognizing organizations who lead the pack when it comes to business ethics application.

About Greater Dallas Business Ethics Association
The Greater Dallas Business Ethics Association was founded in 2000 by local leaders with the Dallas Chapter of the Society of Financial Service Professionals. The GDBEA award honors Dallas-based companies that demonstrate a measurable commitment to ethical business practices in everyday operations, management philosophies and responses to crises or challenges. Recognizing local companies that exemplify ethical business practices is important in creating awareness and understanding of the everyday application of these practices and helps foster a more stable and vibrant business environment. The purpose of the GDBEA is to hold those businesses up as examples and provide guidance and support to companies that wish to improve their ability to operate ethically and ensure ethics are an integral part of their culture.


Business Ethics – Disney drops their ‘Seal Team 6′ trademark application! Navy Seals Win Again!

May 25, 2011

Opportunistic perhaps…but I can see it – an animated series called ‘Seal Team 6′ about save the world “seals” and the fun associated with their adventures.  Maybe that’s what Disney had in mind when they filed an application to trademark “Seal Team 6″.  Perhaps!  Or perhaps they were just opportunistic seizing the moment.  Either way, their application raised the ire of the US Navy – who quickly filed a trademark application of their own.  Game on!

An AP story sated the following:

Disney sought the trademark rights on May 3, two days after U.S. operatives raided a luxury compound in Pakistan and killed the mastermind of the 9/11 attacks.

Disney’s ABC subsidiary wanted to develop a TV show along the lines “NCIS” and “JAG,” which are also real-life Navy units, and would have focused on the drama and heroism of the special forces members.

But it drew flak for not only its rapid filing, but also for a trademark application that included items like Christmas stockings and snow globes.

Comedy show host Jon Stewart needled the company on his “Daily Show”: “I can’t wait for the Happy Meal.”

Navy spokeswoman Amanda Greenberg said the Navy already had rights to the SEAL trademark but recently submitted two new applications for trademarks of “Navy SEALs” and “SEAL Team.”

“The Navy is fully committed to protecting its trademark rights as it pertains to this matter and is currently examining all legal options,” she said.

Disney/ABC spokesman Kevin Brockman said the company pulled the plug on its bid “in deference to the Navy’s application.”

Disney is still interested in producing a show based on the unit’s operatives although it would likely be produced by a third-party studio.

Regardless of motive…Disney did the right thing by withdrawing their trademark application.  Would they have done so if the Navy had not also filed?  Would they have done so if there had not been so much negative media attention?  Both  good questions.  What we do know is that faced with the right thing to do…Disney stepped up and pulled the trigger removing themselves from the fight.

Frankly, if I had to fight the Navy Seals…I think I’d run too!

YOUR COMMENTS ARE WELCOME!


David Wallace and Costa Bajjali fined by the SEC for BizRadio related issues! Will Investors Be Made Whole?

May 24, 2011

David Wallace is the author of “One Nation Under Blog: Forget the Fact and Believe What I Say” – wow…I was reminded of that as I began this post and thought how telling.  David and Costa wanted investors in their private placements and it seemed that they wanted investors to “forget the facts” and believe what they said…although what they said led to massive losses when they over invested in the money losing BizRadio driven by Dan “The Money Man” Frishberg.

Fined by the SEC for their roles in misleading investors – David Wallace and Costa Bajjali each have agreed to pay a $60,000 fine.  The SEC news release states the following:

On May 20, 2011, the Commission filed suit in U.S. District Court for the Southern District of Texas against Houston area real estate developers David Wallace and Costa Bajjali in connection with two fund offerings. This suit is a related case to SEC v. Albert Fase Kaleta and Kaleta Capital Management, Case No. 4:09-cv-03674 (filed November 13, 2009) and SEC v. Daniel Sholom Frishberg, Case No. 4:11-cv-01097 (filed March 23, 2011).

The Commission’s complaint alleges that from November 2006 through December 2008, Wallace and Bajjali offered and sold interests in the Wallace Bajjali Investment Fund II, L.P. (“WB Fund”) and the Laffer Frishberg Wallace Economic Opportunity Fund, L.P. (“LFW Fund”). The complaint further alleges that the private placement memoranda (“PPMs”) for these funds stated that investment in any one business would be limited—to 33% in WB Fund and 20% in the LFW Fund.  Both funds exceeded the PPMs’ stated limitations by investing heavily in Business Radio Networks, L.P. d/b/a BizRadio, a struggling media company. As a result, they subjected the Funds’ investors to substantially greater investment risk than the Fund’s written materials disclosed.

The complaint alleges that Wallace and Bajjali violated the Sections 17(a)(2) and (a)(3) of the Securities Act of 1933. Without admitting or denying the Commission’s allegations, Wallace and Bajjali each consented to the entry of a permanent injunction and to pay a $60,000 civil penalty.

The actual SEC Complaint is here:  SEC Complaint – David Wallace Costa Bajjali

The Amarillo Globe News reports the following:

“When we sell the real estate,” Wallace said, “we believe we will be able to absorb whatever we’ve written off as it relates to news radio.”

In written disclosures related to the securities offerings, the suit says, Wallace and Bajjali told investors the funds’ investments in any one business would be limited to no more than 33 percent from the Wallace Bajjali Investment Fund and no more than 20 percent from the Laffer Frishberg Wallace Economic Opportunity Fund.

By May 2007, $6.5 million, or 40 percent, of $16 million raised under the Wallace Bajjali Fund had been invested in BizRadio, the suit says. By the time the Opportunity Fund closed in December 2008, roughly 57 percent, or $4 million, of about $7 million raised had been invested in BizRadio, the suit says.

The result was that Wallace and Bajjali, “subjected the Funds’ investors to substantially greater investment risk than the Funds’ written materials disclosed,” according to SEC filings.

Wallace called it a “technical” problem, saying he and Bajjali thought other money was being raised for the two funds that would have ensured that the limits were not surpassed.

The $120,000 fine wasn’t the only payment Wallace and Bajjali had to make in this case. Last November, in negotiations with Thomas Taylor III, the Houston attorney who is overseeing the SEC-ordered receivership of KCM, Wallace has paid back $92,348 and Bajjali has paid back $45,550 to date, according to the publicly available information. At that time, Taylor said negotiations are ongoing about further repayments by Wallace and Bajjali.

REALLY DAVID A TECHNICAL PROBLEM?

Sorry, but sometimes you have to call bull s**t when you see it.  Technical problem my ass!  David and Costa got their hands slapped when most who lost substantial monies likely feel that more is in order.  It is not a TECHNICAL PROBLEM when you substantially commit massive funds into an investment that you know is a losing proposition hoping that more investor funds would be forthcoming so that you could then avoid the TECHNICAL ISSUE.

SO HERE’S THE QUESTION DAVID – If, as you stated, when you sell the real estate you will be able to absorb what you’ve written off related to news radio – does that mean that the investors who lost millions at your hand will be made whole?  WILL INVESTORS BE MADE WHOLE?  That’s a question those who lost millions would like an answer to.  DAVID WHAT’S THE ANSWER?

THE NEXT QUESTION:  For those who were lucky enough not to be sucked into the Dan Frishberg scambus…doesn’t that mean that their gains (you know when the real estate sells) will be less?  David…REALLY DOESN’T EVERYONE LOSE HERE?

Put clearly – David – if you had followed the terms of your investment private placement memorandum – BizRadio and Dan Frishberg would have been out of business long ago and you would have not been embarrassed at their hand.

The Amarillo report also says:

“We have been impressed with the level of transparency in this issue, as David Wallace has kept us informed throughout the SEC process,” Amarillo Mayor-elect Paul Harpole said in a Wallace Bajjali news release. “We are pleased with this positive resolution and appreciate Wallace Bajjali’s forthright, thorough and ongoing communication about the issue.”

Melissa Dailey, executive director of Downtown Amarillo Inc., the nonprofit group leading downtown redevelopment, said in a statement: “The SEC review ended with a settlement announcement noting a single technical error regarding a Fund managed by Wallace and Bajjali.”

Perhaps David has figured out – stick to Real Estate and out of Radio!  My hope is that the profits from the Amarillo venture might be used to pay the investment losses from David’s mind fart in investing in BizRadio.

YOUR COMMENTS ARE WELCOME!


Ethics in Social Media – Why the Secret Service had to Apologize for a Twitter feed…Wonder how Fox feels about this?

May 23, 2011

Every choice has a consequence!  I open all my ethics presentations with that statement…yet, when it comes to the Secret Service – well I suspect the consequence is “secret”!

A CNN report stated the following:

The Secret Service is apologizing Wednesday after an employee’s personal dislike for Fox News landed in an official tweet.

The message, posted Wednesday on the @SecretService Twitter account read, “Had to monitor Fox for a story. Can’t. Deal. With. The. Blathering.”

According to the agency, the tweet was “immediately removed” and an “internal follow-up” is underway.

“An employee with access to the Secret Service’s Twitter account, who mistakenly believed they were on their personal account, posted an unapproved and inappropriate tweet,” read a statement from the U.S. Secret Service. “We apologize for this mistake, and the user no longer has access to our official account. Policies and practices which would have prevented this were not followed and will be reinforced for all account users.”

The Secret Service newly joined Twitter with its first official tweet from @SecretService on May 9, 2011.

Wonder how the folks at the Secret Service felt about their gaff?  Wonder if the person who posted this on Twitter is still employed with the Secret Service…oh…it’s secret!

This is a perfect example of how important it is to monitor your postings before you hit ENTER!  And, I have to wonder if I publish this…will I now be on the Secret Service’s radar?  Naw…I’m not that significant…

YOUR COMMENTS ARE WELCOME…


Social Media addition Empireavenue – Value or Frivilous?

May 23, 2011

A valued friend of mine – Randy Gage – posted something the other day that caught my attention.  He stated:

I started hearing about EmpireAvenue.com from some savvy social media superstars and early adopters. I think it has the possibility to be the next really BIG thing in the space. Can’t really tell you why; it’s just a hunch I have.

The idea behind Empire Avenue is you “invest” in people who participate in sites like Twitter, Facebook and YouTube — and their stock rises or falls, based on their proficiency in social media. It’s kind of Monopoly meets social media, RISK meets the New York Stock Exchange. I believe all speakers and authors should get on the site and reserve their name. It has some fascinating social media metrics and really shows you how you can increase your reach and influence. Since I joined I have seen quite a spike of new site traffic, blog readers and followers on all my social media accounts.

I tried it and so far – honestly – I’m still figuring it out.  But, that said, I’ve had fun (probably more than I have on LinkedIn for example) and even if it’s mindless, it beats Zynga games.  At least here there is a real connection between people where true communication can take place.  {EAV_BLOG_VER:12dc3b7627e3ada1}

Perhaps if you’re interested…you can check it out and see if it’s worth you time.  Think I’m switching from Zynga to Empire Avenue.  Here’s a link to my account if you’d like to check out what Randy is talking about.  http://empireavenue.com/?t=thhv843

If you are an EmpireAvenue member let me know what you think.  If not and you join…share your thoughts here.

YOUR COMMENTS ARE WELCOME.


SEC Issues Daniel Frishberg Order! Will Dan Frishberg continue his Investment Advice Now?

May 16, 2011

The long awaited order from the SEC is hereby presented and (to the best of my knowledge) was filed to be effective today.  See Questions below:

The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative proceedings be, and hereby are, instituted pursuant to Section 203(f) of the Investment Advisers Act of 1940 (“Advisers Act”) against Daniel Sholom Frishberg (“Respondent”).

The Commission finds:

1. Frishberg was the president and majority owner of Daniel Frishberg Financial Services, Inc. d/b/a DFFS Capital Management, Inc. (“DFFS”), an investment adviser registered with the Commission. Frishberg, 65, is a resident of Houston, Texas.

2. On March 30, 2011, a judgment was entered by consent against Frishberg, permanently enjoining him from future violations of Sections 206(1) and 206(2) of the Advisers Act, in the civil action entitled Securities and Exchange Commission v. Daniel Sholom Frishberg, Civil Action Number 4:11-cv-1097, in the United States District Court for the Southern District of Texas.

3. The Commission’s complaint in the civil action alleged that, in connection with two separate promissory note offerings to DFFS clients, Frishberg violated Section 206(2) by approving unsuitable investments for recommendation to his advisory clients. In addition, the complaint alleged that Frishberg aided and abetted the Section 206(1) and 206(2) violations committed by Albert Fase Kaleta and by DFFS. Frishberg approved investments despite conflicts of interest between himself and DFFS on the one hand and the advisory clients on the other. In particular, Frishberg controlled the company that issued the promissory notes. Moreover, the issuer’s poor financial condition made it unlikely that it could pay its promissory-note obligations. Frishberg knew such conflicts had not been disclosed to clients or recklessly disregarded whether such conflicts had been disclosed to clients.

In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondent Frishberg’s Offer.

Accordingly, it is hereby ORDERED:

Pursuant to Section 203(f) of the Advisers Act that Respondent Frishberg be, and hereby is barred from association with any broker, dealer, investment adviser, municipal securities dealer, or transfer agent.

Any reapplication for association by the Respondent will be subject to the applicable laws and regulations governing the reentry process, and reentry may be conditioned upon a number of factors, including, but not limited to, the satisfaction of any or all of the following: (a) any disgorgement ordered against the Respondent, whether or not the Commission has fully or partially waived payment of such disgorgement; (b) any arbitration award related to the conduct that served as the basis for the Commission order; (c) any self-regulatory organization arbitration award to a customer, whether or not related to the conduct that served as the basis for the Commission order; and (d) any restitution order by a self-regulatory organization, whether or not related to the conduct that served as the basis for the Commission order.

Timothy S. McCole, Esq.
Fort Worth Regional Office
Securities and Exchange Commission
Burnett Plaza, Suite 1900
801 Cherry Street, Unit #18
Fort Worth, TX 76102

QUESTIONS:

1.  Since it says, hereby is barred from association with any broker, dealer, investment adviser, municipal securities dealer, or transfer agent, what impact does this have on Dan’s keynote address at Barrington’s meeting on May 18, 2001?  If Frishberg speaks for Barrington on the 18th, I would be willing to bet that Frishberg’s fee would make Bill Clinton feel incompetent…  what an effective way to be paid for his work than a huge check for speaking!

2.  Since it says,  is barred from association with any broker, dealer, investment adviser, municipal securities dealer, or transfer agent, does that mean that Dan Frishberg is barred from ANY ASSOCIATION with Barrington (even as a guest speaker or seminar leader)?

3.  It would appear that Frishberg could reapply, but since there was an order issued against Al Kaleta and Frishberg for disgorgement shown here (69-main) it would stand to reason that FAILURE to satisfy this order would prohibit Frishberg from re-establishing Investment Advisor credentials?

4.  Lastly, does any part of this order have any impact on Frishberg’s ability to continue to offer his style of investment advice on Salem Communication stations?

YOUR COMMENTS ARE WELCOME!


Dan Frishberg asks: Do investors steal from themselves? Are You Kidding…seems you steal from them?

May 16, 2011

Perhaps I am missing it, but I am flabbergasted by the title of Dan’s new Keynote speech to be given on May 18, 2011 – just a few days from now.  Damn this guy has bigger b***s  than a well fed circus elephant!  How can someone who is supposed to be banned by the SEC from offering investment advice – offer investment advice and be so blatant about it?  The question he asks:  Do Investors steal from themselves?  Answer: No it appears that you steal from them…

Here’s what is stated on his web site and I’m not making this up:

Dan Frishberg asks: Do investors steal from themselves?

I see experienced investors, desperately trying to preserve their capital for retirement, taking exactly the wrong action, as the Fed attacks the value of their dollars, bonds, and bank accounts – all the guaranteed dollar savings that used serve as our safe harbor.

“They about to cost themselves millions each over the next five years, solely and entirely because of the futile attempt to do what was once safe in the past, but has now become extraordinarily risky.”

I’ve just taken the best gig of the year. I’ll be the keynote speaker at the Barrington Financial Investment Strategy Conference, starting at 7pm, at the Marinas Resort Hotel, on 18683 Collins Avenue, in beautiful Sunny Isle, on May 18th, 2011.

I can’t wait to take you through the strategic mistakes you may be making right now, at this turning point in the U.S. economy. I will examine the flawed psychology behind those errors, and how to actually take advantage of the opportunities that are just now presenting themselves.

We’ll cover:

  • ·      Where I see new strength already developing, and how we can easily know whether this strength is authentic and reliable
  • ·      How to know when to sell
  • ·      How to avoid being caught in big Bond-Fund Losses
  • ·      How the pros are now able to easily skim profits from the excessive speculation by the amateur investors
  • ·      Why most people are pouring money into the developing markets, and why most of them will actually lose money.
  • ·      The most over-looked high tech stock opportunity of this generation, and much more.

The Free Book You’ve Heard About on the Radio

Here is the best part. Barrington Financial has compiled a comprehensive bound book called MILLION DOLLAR RESEARCH FOR $99. It’s full of our most important research, assembled over the past year. They have spent thousands of dollars on all this research, ( I know this for a fact, because some of that research has been mine) and it’s been worth it, because the information has made millions of dollars for Barrington and its clients.

On May 18th, 2011, for one evening only, Barrington will give Free copies of this valuable book, MILLION DOLLAR RESEARCH FOR $99,  to the first 100 people who attend their Investor Strategy Conference. My  keynote address is free, but please reserve your space, because seating is limited.

·      How Your Instincts Can and Will Lose you Money

·      When to Buy Convertible Bonds, How to Evaluate and Price Them, and When to Take Your Profits

·      How to Deal With Inevitable Inflation Without Taking Undue Risk.

·      How a Fed Induced Inflation Spiral Can Spoil Your Retirement  (you are seeing the first signs of it already, though the spiral they are talking about could be a year or two off.)

·      The Safest Ways to Hedge Your Portfolio in a Volatile or Down Market,

·      Buffet’s Two Top Rules (never lose money and never forget rule number one.)

·      How the Fed Has Attacked Savers, and How to Turn the Tables and Take Advantage of the Fed’s miscues

·      Why Bricklayers’ Stock Portfolios Outperformed Surgeons’ Over the Last Decade

·      The Chinese Internet Company that Doubles Every Couple of Years, and Why it is Likely to Double Again by 2013. (Learn how you can actually use the Chinese pullback to position yourself.)

·      How to Turn the Tables and Prosper from the Fed’s Assault on the Dollar

·      How Big Hedge Fund Operators Like Soros and Paulson Use Institutional Macro Bonds to Help the Rich Get Richer

·      Why the Water Crisis Could Turn out to be the Biggest Profit Center of this Decade (have you noticed you’re already paying more for drinking water than gasoline?)
This beautiful book – thousands of dollars worth of high end research, worth at least $100 bucks – is a free gift, from Barrington Financial, to the first 100 people who arrive for their big Strategy Session in Sunny Isles, Florida at 7pm, on May 18th, 2011.

Simply fill out the form below to reserve your seat and your Barrington Book, MILLION DOLLAR RESEARCH FOR $99.  Be one of the first 100 people to arrive at the Strategy Session, and the book will not cost $99. The price to you will be zero – a gift from Barrington Financial Advisors.

I’ll see you at the Marenas Resort in Sunny Isles, at 7pm on May 18th.

ATTENTION:  To those who attend this seminar…be on notice that Dan Frishberg has been the subject of an SEC investigation where a multitude of investors were scammed out of millions of dollars in Dan’s failed BizRadio fiasco.  Attend at your own risk…cause it would appear that Dan Frishberg’s SCAMBUS is headed to Florida.

YOUR COMMENTS ARE WELCOME!


Has Salem Communications finally figured it out? Dan Frishberg “The Money Man” off the Air?

May 16, 2011

At times, as I’ve followed the Dan Frishberg scam saga, I’ve been mystified by how a company like Salem Communications could keep Dan on the air spewing his nonsense all the while knowing that he’s been busted by the SEC for wrongdoing.  Perhaps I’m wrong, but it appears that someone at Salem has finally come to their senses and removed Dan from his lofty broadcast position.

Seems Houston station 1110 KETK was (for all practical purposes) the home base for BizRadio – Dan Frishberg’s company that effectively defrauded millions – most of which won’t be recouped.  The station was up for sale and as of this writing I do not have confirmation of whether that has taken place yet.  But what is clear is that Dan Frishberg is no longer listed in the stations program line up.  The program line up link is listed here:  http://www.business1110ktek.com/  and note…Dan Frishberg “The Money Man” is no where to be seen.

Has Salem come to their senses?  Perhaps they now see that Dan Frishberg is a liability.  There is little doubt, especially in Houston, that Dan Frishberg’s actions which cost investors millions was nothing more than a glorified Ponzi scheme.

Months ago…many it seems, I also reported that Salem Communications had expanded Dan Frishberg’s coverage beyond Houston to Miami’s WZAB 880 AM and Atlanta’s WAFS 1190 AM – as I look at those web sites today I get mixed messages.

First – WAFS 1190 AM in Atlanta does NOT show Dan Frishberg on their program line up.  Here’s the link:  http://biz1190.com/schedule/ but he is listed as one of their personalities.  Which is it – is he on or is he off?  Here’s the personality link:  http://biz1190.com/personalities/

When it comes to WZAB 880 AM  in Miami – is has been reported that Dan Frishberg was preparing to move to Miami as it was a bit too hot in Houston for him to continue his financial connections.  Perhaps he felt the pickins were better in Miami.  Either way, WZAB still shows Dan Frishberg in the program line up.  Here’s the link:  http://www.880thebiz.com/schedule/

Kinda interesting – here’s what it says about Dan Frishberg on the WZAB site:  “Dan Frishberg grew up in New York and has spent over 40 years studying money and the markets; especially the people who make up those markets. His life’s work has been to strip away all the jargon and finance babble. He talks about money in a unique language: plain English. Frequently appearing as a guest expert on CNBC television, Dan brings unique insights and a down-to-earth approach to investing.”

Perhaps it should say -

Dan Frishberg grew up in New York and has spent over 40 years studying money and the markets; especially the people who make up those markets. His life’s work has been to strip away all the jargon and finance babble, as well as people’s money as he has been charged by the SEC with investor fraud where Texas residents lost millions. He talks about money in a unique language: plain English, and sometimes that talk is so slick that it is quite persuasive even though Dan’s intent may not be for the consumers good. Frequently appearing as a guest expert on CNBC television, Dan brings unique insights and a down-to-earth approach to investing, which he is now banned from by the SEC.  We are proud to feature on our station a person who no longer has the right to offer investment advice, but has a clear way of communicating financial psycho babble so that investors can have no idea what’s really happening to their money.

Seems that the above is a bit more honest and transparent…but who am I to say…?

OOPS PROGRAM NOTE:

According to “The Money Man” website the following has been posted:

The MoneyMan Report Contract with KTEK Houston has ended. The station is currently in the process of being acquired by new owners. We expect the show to be back on the air in Houston in a few weeks.

In the meantime, Texas listeners can catch Dan on the live stream at 7am Central time each morning, by clicking on this link. Or simply click the “Listen Live” tab and tune into 880 The Biz, Miami.

Perhaps there is more to the story…stay tuned and let’s see what shakes out.  Maybe Salem isn’t that smart…maybe they really don’t care who broadcasts on their stations – even a person who’s been banned from investment advice by the SEC – Dan you really are “The MoneyMan”.

YOUR COMMENTS ARE WELCOME!


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