Porter Stansberry and ‘the Stansberry scam’
http://briandeer.com/stansberry/stansberry-research-scam-1.htm
The fraud allegation
As for what Porter Stansberry did, the first clear description was set out in April 2003. That was when Karen L Martinez, Thomas M Melto and Brent R Baker of the Securities and Exchange Commission’s Salt Lake City office filed a complaint with the federal district court in Baltimore, Maryland, where Stansberry’s investment newsletter business was located. They alleged:
“1. Defendants engaged in an ongoing scheme to defraud public investors by disseminating false information in several Internet newsletters published by Agora or its wholly owned subsidiaries such as Pirate. Through various publications, defendants claimed to have inside information about certain public companies. Defendants suggested that its readers could cash in on the inside information and make quick profits. The defendants offered to sell the inside information to newsletter subscribers for a fee of $1,000.
Financial Publisher Who Defrauded Public Investors Is Back With Another Ominous Video
In 2007, Porter Stansberry was sued by the SEC and fined $1.5 million for security fraud.
Porter Stansberry, the financial publisher known as much for his viral, ominous 2010 video “The End of America” as he is for his run-ins with the Security Exchange Commission, is back with another foreboding video, titled “The End of Barack Obama?”
[READ: Stansberry Claims Obama Secretly Seeking Third Term]
In the video, which runs more than an hour in length, Stansberry warns listeners that a major crisis is coming that will “shake the very foundation” of the country and could “bring our country and way of life to a grinding halt.”
Stansberry has also predicted that Obama may somehow score a third term, despite a two-term limit for U.S. presidents.