Thursday, April 4, 2013

Real Estate, Ponzi, and Rich Dad (advisor)

Perhaps it's serendipity, but it just happens that the past few days we were discussing real estate, Ponzi, and Robert "Rich Dad" Kiyosaki, that I found a bit of news that tied them all together.

Wayne L. Palmer, one of Kiyosaki's advisors, and wrote 3 chapters of that "Big Book of Real Estate", was charged by SEC for running a 100 million Ponzi scheme back in June 2012.

It's hard to find stuff on him, so here's a listing on a Rich Dad fan website...

Does that illustrate what sort of people Robert Kiyosaki had been associating with?

Was Kiyosaki a fraud?

Time will tell.

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