 |
| Click on pic to enlarge |
[BE SURE TO SEE THE UPDATE AT THE END OF THIS POST. ~CC, 2 July, 2013]
Yet another success tip from serial scammer Kevin Mark
Trudeau, chief perpetrator of the scammy, Ponzi-like Global Information
Network (GIN): When continuances and other courtroom shenanigans fail, file bankruptcy! I will
have much more to say about this latest news in a little while, as soon as
I finish up some work stuff. Suffice to say that this is probably just another yawner and is not the beginning of the end for Trudeau or for GIN, but rather the beginning of the end of his being harassed by the FTC for the case that has been going on for more than ten years now. Anyway, consider this post a
"stub" at the moment.
25 April 2013: The rest of the story
(well, some of it, anyway)
Since I published this post late yesterday
afternoon, my pal Omri Shabat in Israel published a post on the
GlancingWeb blog, "The Bankruptcy File Kevin Trudeau Doesn't Want You
to Know About."
Outwitting Mocktor Lenny
"I-know-something-you-don't-know-neener-neener-neener"
Coldwell at his own game, Omri was
thoughtful enough to share a link to a copy of the entire document notifying
the US Federal Trade Commission (FTC) and Judge Robert Gettleman
about the filing.
And just for good measure and the sake of redundancy, here are
jpegs of that three-page document. (As usual, click on the pics
to enlarge them.)
Now, keep in mind that this is not the actual
bankruptcy petition or any of the supporting documents. Kevin
Trudeau's bankruptcy is a whole separate case in a whole separate
court. As shown in the screen shot at the very top of this post,
it is case number 13-764, assigned to Judge Eugene R. Wedoff of the United States Bankruptcy Court, Northern
District of Illinois. Here is a link to Judge Wedoff's court calendar, subject
to change at any time, of course. I
imagine that eventually the schedule for Kevin Mark Trudeau's
bankruptcy case will show up, so keep checking back. Or if you
happen to be in the Chicagoland area, you can go in person to the
Clerk's Office, Eastern Division, 219 South Dearborn, 7th Floor,
Chicago, IL, USA 60604. You don't have to wait for Lenny Coldwell
to spoon-feed you the info, is what I'm saying. [Update added on April 26: Please see my PS below for clarification of Chapter 7 bankruptcy proceedings. ~CC]
Anyway, as you can see, the document in the three jpegs above is
pursuant to the civil case before the Honorable Robert Gettleman:
civil action number 03-CV-03904, United States District Court for
the Northern District of Illinois, Eastern Division.
And as you may know, there is a separate but related criminal contempt case,
case number 10-CR-000886, assigned to Judge Ronald A. Guzman. The link in the previous sentence to the criminal case
is a June 6, 2011 document, but the case is ongoing and
supposedly Trudeau is due in person, in the Honorable Guzman's
court, in June of this year, for a hearing. If he doesn't show up
there might be consequences. Or maybe not.
Whew. It's difficult to keep up with all of these cases, isn't
it?
Naturally, there's been quite a bit of buzz already about Kevin
Trudeau's bankruptcy, with people speculating about what it
really means. Will it be the end of GIN? (I think probably not.)
More importantly, will it be the end of KT's nearly lifelong
career as a scammer? (Again: I think probably not.) Will it mean
that KT won't have to pay that $37 million dollar-plus fine that
the FTC says he owes? (I think...um... maybe, and that's probably
the main point.) Will it protect Trudeau from having to pay any
of his creditors or other people who say he owes them money,
including disgruntled ex-GIN speakers and members? (I say
probably so. Those people are screwed.) Will it affect the
aforementioned criminal contempt case at all, or will it only
affect the civil proceedings? (Damned if I know, but some think
that the criminal contempt case may be his Achilles heel.
However, I wouldn't put anything past his lawyers at this point,
and I doubt if Trudeau will see a moment of jail time for the
criminal contempt.)
Omri at GlancingWeb discusses some of the possibilities and legal
ramifications of Kevin Trudeau's bankruptcy on the above-linked
blog post, but thus far it is all speculation.
I do have the sense that the bankruptcy will be a big yawner for
the most part. It won't make a dent in Scamworld and may not even
make much of a dent in Trudeau's corner of Scamworld,
particularly if he really has established a new home base in
Switzerland, as widely reported. Meanwhile, many of Trudeau's
staunchest defenders, if they even acknowledge the bankruptcy,
will probably lament the fact that their beleaguered hero was
driven to this indignity as his last legal recourse to protect
his hard-swindled...er... hard-earned dollars from the big bad
U.S. government.
Whatever happens, it seems obvious to anyone with clear sight
that this bankruptcy action is just another in a long, long line
of Trudeau's efforts to make as much money as possible, while
avoiding accountability. Let's go back in time for a bit...
Smooth operator...
As I have noted repeatedly, probably to the point of irritation,
anybody who bothers to research Kevin Trudeau's past will easily
find scads of negative information. There's more negative info
about him than positive info. The fact that many people did not
bother to do research before joining GIN -- or did do
some of the research and joined anyway -- is testament to
Trudeau's mighty marketing power. The truth is that many good,
smart people joined GIN and now regret it. And I am not trying to
rub these good people's face in anything, so I hope those of you
who are my friends will understand why I keep repeating myself.
I've written a lot about Trudeau over the past four-and-a-half
years (see link list at the end of this post), and I have
provided many links to negative info about him. But I've had a
few links lying around waiting to be used on this Whirled (or
used again), and now is as good a time as any to use or re-use
them. If some of these look familiar to some of you, it's because
I've previously shared and discussed them on Facebook, in various
forums.
The International Pool Tour
One of the more recent Trudeau failures, which several folks have
mentioned again in the wake of the latest bankruptcy news, is the infamous International Pool Tour (IPT), created by Kevin Trudeau in 2005. (Alas, several
documents in the corroborating links at the end of the linked
Wiki article have now been 404'd.)
The IPT all started out so wonderfully, with Billiards Digest writing a glowing
profile of the rich, successful Trudeau in November 2005. The writer waxed almost worshipful of the king who
lived such a gilded lifestyle in his opulent mansion in idyllic
Ojai, California.
Technically, Rand McNally refers to the
8,000-population city Trudeau calls "home" as Ojai,
Calif. But Trudeau knew he would live in Ojai long before he
even knew it existed.
"Shangri-la was the mythical, remote idyllic hideaway in
James Hilton's book, 'Lost Horizon,'" says Trudeau,
sipping from a bottle of water as he motors north on I-405.
"When they made the movie version (1937), it showed
these shots of a valley with lush greenery and orange groves
surrounded by mountains. Way back when I saw that movie I
said I wanted to live there.
"Then, the first time I came to Ojai to visit a friend,
I looked around and said, 'This is Shangri-la. I want to live
here.' I didn't realize until later that Ojai actually was
the Shangri-la depicted in the movie." Dreams always
seem to find their way into reality for Trudeau.
There have been a lot of questions over the past couple of years
about that KT castle in Shangri-La. According to this Zimbio summary of KT's criminal history, Kevin agreed in September 2004 to transfer some Ojai
residential property and a luxury vehicle to settle an FTC
charge. I wonder: Did that agreement fall through, or was this a
different property from the one portrayed in the November 2005 Billiards
Digest piece (which appears to be on the market for $1.4
mil)? In any case, I do hope that the
major news outlet that is working on an investigative story about
Trudeau and GIN took a trip or is planning to take a trip to
Ojai. Just to make sure they got all of their bases covered.
Heck, they went to Switzerland, so Ojai should be a piece of
cake.
The Billiards Digest article is worth reading, because
it provides Kevin's spin on his early history and prison time (page 3 and page 4). Not a word about any
seekrit society/Brotherhood, though. I don't think he really
started flogging that tall tale until his second Natural
Cures book in 2006.
Not surprisingly, there were a few naysayers re the IPT from the
beginning. Not everyone was deliriously enthusiastic about a pool
tour with convicted felon Kevin Trudeau at the helm. But that was
NBD to KT. The Billiards Digest piece quotes Kevin as
saying, "My point is, I get scrutinized because I'm in a
controversial area." The writer of the piece continues:
So it comes as no surprise to Trudeau
that his sudden and Trump-esque entree into the pool world
has also been met with scrutiny, cynicism and trepidation.
"The opening quote in my book is
by Albert Einstein," Trudeau points out. "He said,
'Great spirits always get violent opposition from mediocre
minds.'"
"When you create something new,
like the IPT, the first reaction isn't, 'Great!' It's,
'Witch! Charlatan!' That's what happens. And that's why those
reactions don't affect me anymore."
And towards the end of the article, Kevin reassures any
doubters...
"For starters, I'm 100 percent
guaranteed to 2006 and 2007. I've committed $1 million or
more to every event. Plus $1 million to the production of
each event.
"Additionally, my intention is not to do this for a
couple of years and then say, 'Nah, I don't want to do this
anymore.' I truly want pool to get as big as the PGA
[Professional Golf Association] Tour. My vision is to
eventually have a U.S. tour, with four 'majors.' I could see
an Asian tour and a European tour.
"At that point," he insists, "the IPT would
become a self-sustaining entity."
Alas, by the end of 2006, the International Pool Tour was... you
guessed it... "in serious financial trouble, and was forced
to stop staging major tournaments," according to the Wiki
article on the IPT, linked to above. Here's what the main Wiki article on Trudeau had to say
about it.
And here is more, from a 2006 article in Details Magazine. True to form, Kevin apparently spun it as another case
where he was the one who really got screwed.
If the dream is dead, it may only be
for the players. Trudeau's aggressive good cheer returns when
he talks about the IPT's future, which may involve a
reorganization under bankruptcy protection and even a stock
offering. "I'm really bullish about the business,"
he says, "and I feel really good about it."
Players like Morris, who've heard
Trudeau's enthusiasm before, are left wondering. Could the
IPT have been an honest business? Was it just a tax write-off
for Trudeau or a promotional ploy? Or maybe a grander scheme
that got tripped up before it could take flight?
The last scenario may be the most
likely, as Trudeau now claims his business model from the
start "was to have pool matches online where people
could wager between one another. And also allow wagering on
the events amongst players." Although Trudeau never
revealed this plan ("It's not wise for a new business to
show the world their playbook"), the IPT was to be an
online-gambling site.
"People say, 'Oh, the players are
getting screwed,'" Trudeau says. "No, Kevin Trudeau
gets screwed! I'm the sucker." He claims to have
invested $10 million and lost $2 million of his own money,
but don't expect him to offer proof anytime soon: He mentions
that his holding companies are in constant motion and that
he's given much of his fortune to various foundations, but
says, "What I do with my money I keep completely
private." And he is even more adamant when it comes to
keeping the IPT's finances and even the names of its board
members secret. "It's a privately held
corporation," Trudeau says. "You know the great
thing about being privately owned? I don't have to tell
you."
Yeah, he's big on those secrets. Kind of like with GIN...
MLM fever
Going back in time considerably further, there's the
infamous Nutrition for Life multi-level marketing company. Here's
an article from the January 1, 1996 Wall Street Journal. Though the article says that there was no evidence
that Trudeau had personally committed any wrongdoing in
recruiting, it appears he was doing some dodgy things
through his Trudeau Marketing Group (though he claimed that he
personally wasn't to blame). Nutrition for Life International
went into bankruptcy in 2003, but not, as the
Skepdic site noted, "before making
Trudeau and some other investors very rich."
I'd recommend reading that Skepdic article too, if you haven't
already. It is not new; as of today (4/25/13) it was last updated
on 9 December 2010. However, it does contain some history about
Trudeau -- history that just won't go away.
And here's a 2004 opinion piece by Evelyn Pringle that
contains some very interesting background on Kevin Trudeau's
involvement with Amway, Amway leader Dexter Yager, and current
GIN spokes-predator Blaine Athorn.
Apparently Blaine knew about Trudeau's criminal activities way
back when, and even fired him when he found out about the credit
card fraud in the late 1980s... but lo these many years later,
Blaine remains one of the most aggressive recruiters for GIN.
 |
Looking bloated and complacent, long-time Trudeau bud Blaine Athorn
calls the GIN faithful to recruit more suckers to give money to his b.f.f. |
Amway, of course, continues to thrive despite Trudeau's
involvement, and over the decades has developed into quite the
cash cow for a few, and, like most MLMs, quite the monetary black hole for the many. But
other companies in which Trudeau was involved have not been so
fortunate.
Trudeau's own advice on bankruptcy
As many of you may know, Kevin Trudeau has actually
given advice about bankruptcy. In fact he had a whole chapter
devoted to it in his book, Debt Cures They Don't Want You To Know About.
Here is southern Oregon bankruptcy lawyer Karen Oakes' review of
that chapter:
She concludes:
The opinions expressed in this chapter
are merely Mr. Trudeau’s opinions. He states that
bankruptcy will be a black mark on your credit score and that
vultures will “swoop down” to prey on the debtor. My
experience has been that my clients’ credit scores will go
up upon filing bankruptcy, especially when there are a number
of accounts that have gone to debt collectors or are paid
late. Every situation is unique; every financial matter is
different and the outcome is as unique as the financial
situation bringing debtors to my office. This chapter,
while one of the shorter chapters in the book, just adds to
the stigma surrounding the filing of bankruptcy.
This chapter fails.
Granted, Ms. Oakes is a bankruptcy lawyer so she has a stake in
convincing people that bankruptcy isn't a horrible tragedy.
Still, I find it interesting. And despite what he apparently
wrote in Chapter 15 of the book, "No Bankruptcy,"
Trudeau also seemed to promote bankruptcy as a perfectly
honorable solution when all else fails, as indicated in this
screen shot of the 2008 hardcover edition of the book:
RevRon's take on it...
Before I close this out I want to share a comment
that my guy Ron Kaye made on Facebook the other day regarding the
Kevin Trudeau bankruptcy, and the anticipated buzz about same.
This is a slightly edited/corrected version of the one that
originally appeared. Writes Ron, who as usual minces no words (warning: may be offensive to sensitive readers).
After having followed the conversations
and looked at all the "evidence" presented for many
months, I've come to the conclusion that Trudeau is by all
counts a huckster and serial scammer, who has managed to talk
a lot of people out of a lot of money for products and
promises of dubious value. Some felt cheated, and some felt
that they benefited from their investments. Bottom line is
that he broke several laws in the process, but has managed to
stay a step ahead of those who are pursuing him.
Some of those who felt cheated - particularly those who envy
the kind of success Trudeau has achieved - are so angry at
Trudeau that they have made it their life's work to get
revenge. The less intelligent among them underestimate
Trudeau's survival talents, and repeatedly issue giddy
proclamations that the end is near for him and his empire. He
might suffer some loss, and might even face criminal charges,
but I wouldn't write him off too quickly.
So Trudeau is a huckster. Compare what he has done to what
his most vocal detractors are doing. Leonard Coldwell, for
example, seems to not only want Trudeau to fail, his inane
and vitriolic ramblings seem to indicate that he wants the
entire country to undergo a destructive upheaval. He isn't
satisfied with his own GIN clone scam making him a bunch of money; he attacks anyone who doesn't march in lockstep with
his proclamations (historical reference intended), and even encourages others to commit criminal acts against them. In
short, he foments nothing as diligently as the hate and
upheaval with which he is so obsessed. Anyone with a brain
can see that he is using an ignorant and easily-manipulated
Abe Husein as a focal point in his diatribes, playing upon
Abe's fixation upon revenge and his desire to appear
significant beyond his position as a fast-food worker.
My opinion of the third party to this tainted triumvirate,
Peter Wink, is that he can be accurately compared to an
ineffective sperm, swimming from diseased egg to diseased
egg, hoping to find one that he can fertilize. One need only
look at his employment history of jumping from huckster to
huckster - with what has become a boilerplate derision of
people upon whom he had previously heaped unabashed praise -
to see the validity of the comparison. He attempts to appear
magnanimous and "above the fray," while encouraging
the vitriol and perpetuating the scams to the best of his
abilities.
And these folks are supposed to be the "cure" for
Trudeau's misdeeds? I, for one, find the obsession with
anger, violence, and hate to be infinitely more destructive
than the act of convincing thousands of people to spend money
they don't have on things they either don't need or could
obtain at much lower cost or free. While I make no excuses
for Trudeau, he is actually no worse than many executives on
Wall Street or at the helm of large corporations. And while I
agree that in a perfect world, the government would put a
stop to his shady dealings, I recognize that we don't live in
a perfect world, and I would put Trudeau in line for
prosecution somewhere behind a lot of executives and elected
officials who do far more damage to society as a whole, not
to mention millions of individuals.
And yes, I'd even put the proponents of hate, of violence,
and of sedition in line ahead of him. But I sense that
prosecution isn't necessary for folks like Coldwell, Abe, and
Wink; their public statements will render them
inconsequential in short order, because as smart as they
think they are, they aren't smart enough to read the mood of
the country, or even to keep their mouths shut about their
inane predictions and philosophies. Their lies - and their
sociopathy - will out, and all we really need to do is sit
back and watch. Any legal trouble they might get themselves
into will only be icing on the cake, as things come to pass
in their own organic way. For myself, I look forward to
having even a single day when I hear none of their names, and
when my eyes no longer ache from rolling back in my head over
their malevolent idiocy. The one prediction I will make is
that such a day is approaching rapidly.
My sense is that my own vague, no-brainer prediction is
continually being validated: there will be no neat and tidy
endings to the GIN saga, or to Kevin Trudeau's scamming. Although
I too got caught up in the GIN-is-falling schadenfreude
party last year, and even momentarily thought Trudeau's arrest
was imminent, I'm over that. I don't know if he even belongs in
jail (I think one of his predatory former b.f.f.s is a much
better candidate for imprisonment, but that probably won't happen either). To tell the truth I'd rather
see KT in humble community service for the rest of his life, along with some of those over-stuffed, complacent accomplices such as Blaine Athorn. But
he's a slippery snake, Kevin is, and my sense now is that his scamming days
are far from over. I think it seems likely that the bankruptcy is
not the beginning of the end; it's just the beginning of a new
beginning for Kevin Mark Trudeau.
PS added on 26 April 2013 ~ A friend
of mine added some perspective about Chapter 7 bankruptcy:
Having gone through a Chapter 7 myself
I can tell you some procedural things. Such as, you might not
ever see KT's case on [Judge] Wedoff's docket. Why? Because it will
be the Bankruptcy Trustee, [Phillip D.] Levey, who will do
all the heavy lifting and hosting all the hearings. If you
can find Levey's schedule, that would be the way to track
Kevin. My attorney and I were required to attend a hearing
room meeting with the Trustee who asks the financial
questions while I was on the stand under oath. Neither I nor
my attorney ever had to meet the judge. At his leisure and in
his chambers alone the judge ultimately signs the document
and has it published after the Trustee gives him a review and
a thumbs up.
Kevin's case will be complicated and contentious, unlike
mine. So perhaps the judge will get involved if the Trustee
feels overwhelmed. But that would be much later after Kevin's
attorney sends by mail any additional documents requested by
the Trustee, after the hearing room experience.
[During my own hearing] there were approximately 20 other parties in the room also
declaring bankruptcy. Time on the stand only about 5 minutes
each. Creditors are notified as to the date and time of the
hearing. They can ask questions, but rarely do because
they've been given the same financial paperwork describing
the person's situation. [My creditor] had a representative in
the room and he asked about every fourth person a question
about personal property or inheritance or life insurance,
things that might be off the radar. I was required to produce
one additional document which my attorney mailed in. It took
about 8 months from start to finish.
The Trustee holds great power, but makes it clear to those
assembled that he is not there to humiliate anyone. That's
how it works!
So again: Kevin Trudeau's bankruptcy is just
another procedure, just more paper shuffling, and probably
nothing more than a way to shield his assets from those who
believe he owes them money. But mainly it seems to be a way of avoiding paying the $37 mil FTC fine and getting the contempt charges vacated. And it may very well be successful, or will at least create still more delays. Don't get me wrong: certainly as a symbolic event Kevin Trudeau's bankruptcy is
significant; it's always significant when a public figure who
preaches "success" tips and brags about his own success
resorts to bankruptcy. It's no big deal when ordinary citizens file bankruptcy; sometimes that is the only way out of an otherwise
impossible situation. But when the king of cons does it, it is
kind of a big deal. And this development should make GIN members and KT
defenders at least pause to consider that they're being taken.
Even so, as I said, Kevin Trudeau's bankruptcy won't make a dent in Scamworld and
probably not even much of a dent in Trudeau's cushy life.
Update, 2 July 2013: I was poking around on PACER.gov today, and found that Trudeau's bankruptcy has already been closed and the trustee discharged. The case was dismissed in late May due to failure to file the proper documents, and terminated on June 3. The deadline for objecting to the discharge is August 30.
Of course, this could all be just another delay tactic. As a friend of mine observed, "This gives them until August to delay and maybe
make a deal, and failing that they protest and refile and delay
another 4 months. This is making 20 lawyers very rich." That sounds about right. Anyway, here's a shot of page 1 of the docket:
Update, 11 July 2013: The trustee weighs in. This was not available on the docket when I did my update immediately above; it was filed the day after I did that update. Click to enlarge...
More True-dough on this Whirled:
- March 2013: Ryan Kath at KSHB-TV does Trudeau/GIN update, Coldwell
& Wink continue to scam with cheap imitation of GIN
- February 2013: Kevin Trudeau's GIN: The sky is falling
(again)...yawn
- February 2013: Loony Coldwell: Cheesy video and bad spelling
- February 2013: IBMS Master's Society Supreme Loony Coldwell strikes
again
- February 2013: Faux heroes and hypocrisy in action
- February 2013: Meet the new scam, same as the old scam, Part 2
- January 2013: Vital signs: "Immortal" (former)
breatharian Mony Vital dies on GIN cruise
- January 2013: Meet the new scam, same as the old scam, Part 1
- December 2012: 2012 ~ The Whirled goes on
- November 2012: Kevin Trudeau: justice delayed...again
- November 2012: Kevin Trudeau exposé on KSHB-TV: buzz, backlash,
and big beginnings
- November 2012: Alien nation: just how crazy is Kevin Trudeau (not
to mention his sheeple)?
- November 2012: Kevin Trudeau: KSHB-TV undercover investigation
- November 2012: Kevin Trudeau gets some more mainstream lovin'
- October 2012: Evil has not won
- October 2012: Kevin Trudeau: Rats in our heads, GIN down the
toilet...and life goes on
- October 2012: Kevin Trudeau: The shape of things to come?
- September 2012: Leonard Coldwell and Fred Van Liew: Pot, meet kettle
- August 2012: Truth is better than GIN any day
- July 2012: Drunk on GIN, and you can too!
- July 2012: Kevin Trudeau's GIN: part of the big sick machine
- July 2012: Independence Daze
- May 2012 (updated September 2012): Paging Dr. C: Bernd bridges in Deutschland?
- May 2012: Can alien DNA save Kevin Trudeau's GIN?
- May 2012: Does a canary with a GIN hangover sing as sweetly?
- April 2012: Viva Lost Wages: Sin City Become GIN City for a
weekend
- February 2012: A. Rose by any other name would shill as sweet
- December 2011: True-dough updates: Bad poetry for KT, hate mail for
CC
- November 2011: A jumpsuit for Jimmy
- August 2011: First Amendment Stuporhero
- August 2011: Everything old is Nouveau again (or, Neo-scam by any
other name) -- Part 2 of 2
- August 2011: Calling all lazy men: let's build a pyramid
together!
- August 2011: Everything old is Nouveau again (or, Neo-scam by any
other name), Part 1 of 2
- June 2011: Holy Guacamole! True-dough's racist rants
- June 2011: For he's a jolly good felon: True-dough speaks out
for Death Ray
- December 2009 (amended several times in 2010):
Illuminutty: the secret brotherhood of the
chronically gullible
- November 2009: How to take over the world
- July 2009: Horse farts and related matters
- January 2009: Mr. Fire meets up with true dough
* * * * *
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