Freedom Checks - The Reality Behind the Outrageous Get Rich Quick Scheme
As long as this Freedom Checks aggressive marketing campaign continues, I am going to continue to write about it. I wrote this initial piece on Freedom Checks a few weeks ago. So, I thought I would follow up with attaching some good old common sense to the notion of Freedom Checks.
Since the marketing doesn't get bogged down in the details nor will I. The bottom line with this investment is that it is marketed as easy money with no risk. You can invest as little as $10 or $1000 and start receiving these checks. You always have to start with the aggressive claims of the marketing and be able to answer one important question - Can I trust this marketing?
The marketing follows the same old script as the End of America videos that populated the internet for years. These were typically 1 and 1/2 hours long and told you about all of the horrible things that were about to happen to America. They were even bold enough to predict a date as to when the bad things would happen. Of course, nothing happened by that date. They would take the marketing down and recreate it with a new web-site, a new warning, and a new date. The good news is that there is a subscription to a newsletter that will take care of all of your problems.
This was created by the marketing genius Porter Stansberry. Stansberry has had his troubles with the SEC over his claims and his newsletters. With some of his former newsletter ventures, the SEC complaint declared that Stansberry “engaged in an ongoing scheme to defraud public investors by disseminating false information in several Internet newsletters.”
In 2007 Stansberry was ordered to pay $1.5 million in restitution and penalties for the scam. The judge ruled that his actions “undoubtedly involved deliberate fraud” and “making statements that he knew to be false.”
So, who is the guy in the Freedom Checks Video? Matt Badialli is the creator of the Freedom Checks idea. He also was one of Stansberry former writers and according to reports personally took over the writing for Stansberry in his aggressive marketing campaigns. So, there is a background. Common sense would say that where there is smoke there is fire especially when it looks like they are following the same marketing scheme.
They disclose that this has nothing to do with the government. However, they call the companies that supposedly send the Freedom Checks agencies. They also show the actual Freedom Check. It looks like a Government issued check with a picture of the Statue of Liberty on it and the name of a company on it. One of the tricks of these aggressive marketing campaigns is to trick the subconscious mind of the reader to thinking something is real (government sponsored) when it is not.
After sitting through the brutal marketing video, you are pitched a newsletter subscription that holds the secret of the Freedom Checks. Of course, the initial cost is not the real cost. They slice that in 1/2 and give you a bunch of free stuff. This is the same model of Stansberry.
Then they pitch a deadline. You have to get involved before April 1st. What is so magical about April 1st? This is the date the next series of Freedom Checks is issued. Thus there is nothing magical about the sense of urgency created by a deadline.
Let's cut to the real question. If I discovered something like the Freedom Checks idea that could turn my mailbox into a literal goldmine, why wouldn't I benefit from it 100% rather than share it with the masses? I would apply the secret and make the millions of dollars myself rather than pitch a $49 a year newsletter. Plus, CNBC would be reporting on it and all of the money managers that I follow would stop working so hard to create return for their clients. They would just invest into the Freedom Check idea. So, why share the idea, spend the money on marketing, and then sell subscriptions to a newsletter that you have to write month in and month out? I think it is a lot less work to receive the Freedom Checks versus going to all of this trouble to sell a newsletter subscription.