Daniel Frishberg and the Importance of Money Management – Irony in Deception!

A day or so ago a scammed investor lamenting his/her plight said that the word is Dan Frishberg is growing tired of the negative publicity he’s receiving on the web.  It has become worry some that the choices that he’s made are producing consequences that tarnish his reputation.

My immediate response is “Every choice has a consequence!”  In fact, I shared that if Dan had taken a different path early on most of what he’s experiencing today would be quite different.  For example – had Dan shared with his followers that he’d made mistakes in his vision of BizRadio, that BizRadio was in financial trouble and that he would open the revenue source from his RIA to provide a steady stream of repayment to those who were defrauded or scammed in one way or another, I suspect the outcome would have been much more positive.

Alas…Dan “The Money Man” did not.  Rather he is desperately trying to continue to put out the message that he is “The Money Man” through a series of NEW blogs touting his expertise.  There is IRONY here.  I call it the IRONY of DECEPTION and the likely outcome is that Dan is digging the hole deeper for his ultimate demise.

I am not going to link my blog to his – as that has the effect of drawing attention to his work.  I will, however, share part of his blog comments and, after some comments, ask YOU for yours.  Perhaps I am off base and I’m man enough to accept that – so if your comments reflect a different opinion of Dan and his choices – PLEASE SHARE.

DAN STATES THE FOLLOWING:

Today I’ll share with you two general systems of money management that will help you how complex you want to take your strategy for managing the money even if you do not all. Good management of working capital is necessary to reach a compromise between liquidity and profitability. It is widely believed that if you can not manage your life, you can not begin to manage your money.

Let me repeat his comment: “It is widely believed that if you can not manage your life, you can not begin to manage your money.”  Time after time from numerous emails and phone calls, I have been told that Dan was challenged in managing his life – at least his financial life.  It is not for me to judge, but one might easily come to the conclusion that money management is an issue for Dan considering that investors money funded BizRadio and BizRadio was the “loss leader” (Dan’s comments not mine) that propelled his RIA and earned him personally a reported $700,000 per quarter.  Financial success on Dan’s part or the trappings of a successful scam – using other people’s money to accomplish his personal objective leaving other people victims?

Dan further states:  “You must understand that leveraging your money with good management can turn a relatively low investment business situation / in a dynamic Moneymaker. Wise money management is essential for a balanced and happy life. gives practical advice for managing money among others for gambling and trading of the shares. money management can mean acquiring more control over expenditure and revenue, both personal and business perspective.”

Dan seemed to practice what he preaches here.  Sure enough he turned a low investment into a good business situation (for himself) at least for a time.  Where did the BizRadio money come from?  I suspect that investors (victims) could now come out of the woodwork and share their stories of how they were suckered into believing that Dan “The Money Man” was wise and all knowing – touting the vision and ILLUSION that BizRadio was a good investment for them.  Reality Check:  BizRadio was only good for Dan.

Financial stress resulting from low skills of money management may affect our ability to make good decisions, harm our relations on the physical and mental health, and ultimately to function well in life. Indeed, deficient money management is one of the main causes of bankruptcy among unseasoned traders. Management of financial assets is an effective way to manage financial assets, one that may take place in various forms. Management services for financial assets generally provide include but not limited to, Control services, credit cards, debit cards, margin loans, automatic transfers from one account to another, and same brokerage services.

LET ME ASK A QUESTION:  How many people in the Houston – Dallas markets are suffering (I mean truly suffering) financial stress due to the representations of Al Kaleta and Daniel Frishberg?  Both are shameful representatives of the financial community.  Dan, through his actions, has caused stress to both physical and mental health of many who have lost their life savings, believing that Dan Frishberg lived up to his self proclaimed status as “The Money Man.”  Now, Dan is desperately trying to save his reputation.  What Dan fails to realize is that his actions destroyed his reputation.  Dan is effectively nothing more than a con man who hasn’t yet realized that feeding his ego off of other people’s money is costing him everything.

The sad part is this could have been different.  But then the same could be said for Bernie Madoff.  Both Dan Frishberg and Bernie Maddoff have two things in common: (1) they are both intelligent and (2) they are both crooks.  The only difference – Bernie is in prison.  Dan hasn’t been charged.  YET…

YOUR COMMENTS ARE WELCOME.

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9 Responses to Daniel Frishberg and the Importance of Money Management – Irony in Deception!

  1. Charlie says:

    Dan’s consuming passion is to be famous. His wife is the energy pushing him to ever greater achievement. Dan is a great talker, but extremely poor listener. Any and all information that does not fit the way they want his world to be is rejected outright. Dan believes he is invincible and so far, so good. He shields himself from outside influences with an impenetrable exo-skeleton and nerves of steel. I doubt that Dan even realizes he has defrauded so many investors of millions of dollars, and even if he suspected this, is unlikely to admit anything out loud.

    Mr Kaleta on the other hand is no more than a super salesman con artist dressed in an Armani suit. Kaleta practices his trade in the shadows of legitimacy. He routinely pushed the limits of legal and ethical acceptability, then begs for forgiveness with an innocent smile if called out. He over promises and under delivers, deceiving people who want to believe he (through Dan) can make money for them.

    Both Dan and Al are very smart and cunning with years of practice honing their skills. Will they slip through the nets the SEC and the Receiver have set? From what I have read, both have so far avoided the worst of the entanglement and appear to have conned the Receiver. Yes, they are that good at what they do.

    • Dave says:

      Charlie,

      You expressed my thoughts exactly. Just the other day while driving to San Antonio,I tuned in on DF’s radio Money Talk show (HELP ME STAY ALERT)behind hind wheel. It appears on the surface that it is business as usual for him. He the PATHETIC SHARK still out there searching for fresh preys. As matter of fact, he is currently touting a luncheon at upscale restaurant near the upper Kirby area and the featured LIVE BAIT is Jack Bouroudjian. Sorry this one is on you folks-for now there are no more free meals.

  2. jammas says:

    They conned us badly. I will only sit and wait and I hope I am made whole. If not, I promise to sue the living daylights outa these two crooks, and more.

  3. BizzFree says:

    Well put Charlie! You have them both pegged. I am still hopeful that the SEC is not finished, but merely waiting for the perfect time to strike.

  4. From what I have read, both have so far avoided the worst of the entanglement and appear to have conned the Receiver. Yes, they are that good at what they do

  5. DeFrauded Grandmother says:

    In my lifetime anyone who has ever done anything mean to me have been punished. I am anxious to see what my Guardian Angel will do. I am sure the punishment will fit the crime.

  6. exemployee says:

    just a quick note in case you didn’t know – but someone going by the name Mike Wazowski at truthinblogging.com is singing the praises of dan frishberg – i’m pretty sure dan frishberg is behind it – any thoughts?

    • Awakened says:

      I remember his group while they were exclusively in San Antonio buying loads of Royal Caribbean stock in 2000 or 2001 then dumping it a week or so later during the same time they set up a cruise seminar. I often wondered if they used the buy to get a deal with the cruise line to host their seminar. I wonder how many in San Antonio were scammed? I lost $150,000.00 How long after a loss can you sue once you realize it could have been fraud?

  7. Awakened says:

    I remember his group while they were exclusively in San Antonio buying loads of Royal Caribbean stock in 2000 or 2001 then dumping it a week or so later during the same time they set up a cruise seminar. I often wondered if they used the buy to get a deal with the cruise line to host their seminar. I wonder how many in San Antonio were scammed? I lost $150,000.00 How long after a loss can you sue once you realize it could have been fraud?

    How do I get this message to the SEC?

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