Charles Givens
Born in
Decatur, Illinois, Charles Givens father was a
construction company owner but left his family.
As a result, Mr. givens spent hischildhood in poverty.
After his teenage years, Charles set up a music-recording
studio and a booking agency in Nashville.
Later,
he worked
in real estate, in North Carolina.
He went on to become a millionaire.
He wrote
the bestseller, Wealth Without Risk for Canadians
in the early ninetys. A second book, Financial
Self Defense. Later, he authored many more books on
personal investments came out some time after. He started
creating info commercials
and givving motivating
lectures. He advertised
on his info commercials that he became rich by following
the steps in his book. Then, he enticed his
clients to buy his book in order to become rich.
His customers
sued him for fraud, and he had
to pay more than $14 million dollars in damages. Actually,
he earned his money mostly through the sale
of his books.
Charles
Givens books dealt mainly with insurance,
taxes, and investments.
However, when Charles
talked some of his clients
into canceling their insurance policies, it put his
clients in real trouble.. Angry customers filed
a lawsuit against him, and a jury awarded his clients
a $14.1-million judgment. Also,
a San Diego superior court judge required Givens to
not make any further improper representations about
getting rich through
his money making ideas and rechniques.
He also
gave workshops
but on questionable grounds. One of his
friends presented the seminar,
and they would sell memberships for Charles Givens
Organization. The price was less by $300 for that day
only. You had to pay $600 against the membership. The
total seminar was pretty much just a farce, and the
presenter tried to create an illusion with the audience.
He sites
examples
where Charles Givens became rich through
these techniques. Most of this advice was illegal
and were responsible for many of the legal cases
against
Givens.
Givens charged
around $400 to $900 to teach his secrets of great
wealth. His companies were in the middle of many
lawsuits
for misrepresentation
and fraud in the nineties. Soon after,
he went bankrupt and lost his business.
A judge ordered that he pay 25 cents on each
dollar to his creditors. He partially shielded himself
by transferring most of his assets to limited partnerships.
Givens died of prostate cancer at the age of fifty-seven.
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