$1.5 million Fraud conviction

Notwithstanding his fraud conviction, and thanks to excessively aggressive marketing strategies and a scientific and almost industrial approach to the production of promotions, Stansberry & Ass. is by now the largest publisher of financial newsletters and trading services in the world. Certainly an admirable achievement.


Due to its enormous profitability, Stansberry & Ass. has not only set the direction of marketing in many publishing companies (less inventive organizations will copy or imitate approaches and strategies within less than three months,) but re-oriented business practices and ethics in crucial segments of the industry since at least 2005.


Although Mr. Stansberry takes pride in “grading” the performance of his editors each year, the results (not the individual spreadsheets) are made available only to paid-up customers. Of course, actual performance of a hotly touted service is of much greater interest to prospective buyers.


Hence, we’re mildly amused at Mr. Stansberry’s posturing in the S$A Digest of Jan. 31, 2009: “It has been my observation – after 13 years in the financial newsletter business – most publishers will resort to any and all kinds of subterfuge, fraud, or misdirection to avoid producing an honest and complete track record. There are all kinds of ways to make a bad track record look good. But most publishers take the simple path, the one of least resistance: They just never publish any track record at all.”

Source:

http://greenlaserreviews.com/2010/12/03/stansberry-review/