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Who is Porter Stansberry?

Updated: 9/13/2023
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Frank Porter Stansberry, resides in Baltimore, Maryland. He is the editor of two of Agora's internet financial newsletters: Porter Stansberry's Investment Advisory and PirateInvestor.com. Stansberry's compensation is based in part, on a percentage of the revenues realized by those on-line publications

Nov 2007 - U. S. JUDGE FINES AGORA SUBSIDIARY AND EDITOR $1.5 M FOR SECURITIES FRAUD:

An investment newsletter's publisher and its editor have been hit with $1.5 million in financial penalties after a U. S. federal judge determined they defrauded their own subscribers in a securities scam.

In its complaint, the SEC describes Agora as a Maryland corporation that publishes "books, magazines, newsletters and operates at least 15 financial web sites in the United States and Europe. Agora's publications include The Cutting Edge, Penny Stock Advisory, The Red Zone, Taipan, Rogue Trader, The Flying V Lockup Trader, CSX Trader, Fleet Street Letter, Options Hotline, Outstanding Investments, Richebacher Letter, Daily Reckoning Investment Advisory, Carpathia Letter, Strategic Opportunities, Jim Davidson's Vantage Point Investing, and the Contrarian Speculator. Agora publications have well over 21,500 paid subscribers."

In 2007, Stansberry and Pirate Investor LLC (renamed Stansberry & Ass. Investment Research LLC in 2005,) but not Agora, Inc., were convicted of stock fraud by the United States District Court for the District of Maryland, (Civil Action No. MJG-03-1042; filed 08/03/2007).

Publisher and company appealed the sentence as a First Amendment issue, but judgment, maximum fines, and injunctions levied by the Circuit Court were upheld by the United States Court of Appeals for the 4th District in 2009. The defendants' appeal against the Appellate Court's judgment was not accepted by the U.S. Supreme Court in June 2010.

In fairness, it must be noted that in this case, no pump & dump, undisclosed ownership of stocks and options, or direct gain from the buying or selling of the respective securities ever was at issue. Stansberry still insists: "I had no incentive to lie, I gave my source a complete copy of my report, and the deal I was predicting did in fact materialize three weeks later, which helped the stock to nearly triple over the next three years. Knowing these facts makes it difficult to accept the government's case. As a fan of the newsletter industry, I'm surprised you're not more critical of the government's case and its attempts to regulate disinterested speech about securities."

(For the sake of balance, let us include Appellate Court's footnote 8 on that claim: "In the proceedings before the district court, Stansberry adhered to his claim that W. did, in fact, suggest that approval of the pricing agreement would be announced on May 22. The district court found, however, that W. made no such statements. Stansberry and Pirate do not challenge this particular factual finding on appeal.")

Overall, we hold that this case is too complex to be easily shoe boxed one way or the other. We recommend that readers interested in an accurate summation of the issues underlying this case carefully study both court documents before arriving at a conclusion. Green Laser Reviews provides direct links.

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Did Porter Stansberry predict the downfall of Freddie Mac and Fannie Mae as he claims?

Porter Stansberry is a known scam artist successfully sued for fraud. The court stated, "Stansberry's conduct undoubtedly involved deliberate fraud, making statements that he knew to be false." If he predicted their downfall as he claims, he should refer to verifiable documentation of the prediction. He has referred to nothing and I have found nothing, so his claim isn't plausible.


What is Porter Stansberrys most valuable asset?

If you have any questions about Stansberry and Associates, please do not hesitate to call customer service at 1-888-261-2693. We would be happy to assist you. We are open Monday - Friday 9-5 EST.


What is stansberry research most valuable asset?

Birth control!


What are opinions on whether Stansberry and Associates Investment Research is a reputable company?

An array of opinions from our contributors on Stansberry & Associates:There is one simple, logical rule to apply to any "too good to be true" proposition: If a person (usually with no experience necessary) indeed can realize such fantastic returns (also usually with little risk or work), why is the individual or firm that is promoting the scheme trying to make a few bucks selling it to you, usually by unsolicited email? If it were all it's cracked up to be, wouldn't they be spending all their time and money getting rich on the scheme itself rather than trying to sell it to you for relative peanuts?No. They use scare tactics to get you to buy their "advice."I don't know the answer to this question, but there are websites that have some interesting information about a fine Stansberry received from the Securities Exchange Commission for fraud.Stansberry is a controversial figure even in the murky world of investment newsletter publishing. He runs one of the most successful and profitable organizations. But success in this world is not measured by gainful stock recommendations for readers... but by the amount of money generated by promoting their newsletters and services. Stansberry pays his copywriters (ad writers) enormous sums to fluff and puff up what are actually quite pedestrian concepts into promo "packages". I understand they now have a number of lawyers going through the texts to stay within the letter of the law. There is a legal verdict against Stansberry and his organization. I have read it (I think it's on Brian Deer's site), and the tone and wording by the judge are scathing indeed. I have read legal opinions by judges for many years and have never seen anything quite like it.Whoever voiced this answer needs to get their facts straight. I have been a subscriber to most of Mr. Stansberry's newsletters for almost 10 years and have - through the advice therein - earned at least 25 times the cost of the newsletters. The SEC action you allude to refers to a freedom of speech issue Stansberry has fought for years at an enormous cost because of the principles being assaulted by the government's action. Stansberry has shared much of this information with his subscribers several times in great detail, and has received tremendous support from the vast majority of his subscribers. All of us have been repeatedly offered subscription refunds - with no questions asked - but very few of us have done so, since it would be economically stupid based on the results we have all attained. You couldn't pay me enough money to surrender my Stansberry subscriptions! I only wish our elected officials were as honest and direct as the people at Stansberry & Associates. By the way, the litigation is still pending.Yeah, we need to get our facts straight. Just listen to Mr. Stansberry's advocate on the radio about "endofamerica." That right there, is that not a scare tactic? Does anyone seriously think the end of America is right around the corner? This guy got rich by dishing out advice to suckers, that's it. You couldn't pay me enough money to listen to a single scrap of anything "Mr." Porter Stansberry has to say. Especially after wasting my time listening to that "endofamerica" garbage. PORTER STANSBERRY... perfect name for a scam artist.I know that Stansberry is selling a product. So what? That's what a free market is all about. I also have a personal philosophy of not believing anything not independently verified. I've heard what Porter Stansberry is saying from other sources that I deem reliable. Therefore, I accept what he is saying as credible. Further, his product is packaged well; I need not grapple with assembling data from widely disparate sources. For $49.50 for a year, I think this is well worthwhile. BTW, I DID buy gold at $256/oz in 2000. Do you realize how LITTLE of the stuff there is in the world? Besides its use through the ages for jewelry, its scarcity is what makes it so valuable. I can't see the value EVER declining much today.I have received and viewed Stansberry videos and information and I do not feel he is trying to rip people off. Is he trying to make money? Of course he is. And what's wrong with that? He is providing people with - as far as I am concerned - a wakeup call. Someone posted that he is trying to scare people and what he says will never happen in America. Well, I say just look at the numbers yourself, do some research. The numbers do not lie and many of the population is unaware what is going on. There are only a few willing to speak up. I try to tell all who will listen to do there research. Also remember that America has been through hard times before like the Great Depression - what makes people think it can't happen again?I am investigating the veracity of this video and frankly, it scared me. The fear factor and the virus of panic seems to have gripped the world lately. I know about the SEC fines against Stansberry, as well as the reasons for those supporting him and his newsletters. However, I luckily wrote down the names of four of the alleged investors who supported him, and who claimed to have made enough to buy a yacht. I used a search engine to search for these four investors, since their cities were included in the video. I could not find three of them at all - none by that name. The other name was listed but not in the city in the video. Spokeo reveals the value of the homes and economic status of the subjects. My conclusion is that there are some distortions and omissions by him. I will use the money for a newsletter to stock up on food and water and probably get some arms in case of urban riots.One fine from the SEC - with all of the publications and advice this guy has given over the many, many years - certainly is not cause for alarm. The SEC would fine you and me if it could. And from what I have read about the case so far, it sounds like the outcome could have gone either way.I would guess you are all probably both confident and comfortable with your personal physician, which is why you use him/her, but nearly all personal physicians will be sued for malpractice at some point in their career. Does that mean they are bad doctors? Frauds posing as doctors?As far as the "endofamerica36" video is concerned, yes he is trying to scare you into subscribing to his newsletter (it's the capitalistic principal upon which this country was founded), but everything he is saying is true to some extent. Maybe he dramatizes a bit, but doesn't the media do that with our news everyday? Even CNN dramatizes the news for the sake of $$. They can't sell ad space if people don't watch. If you read Reggie Middleton's BoomBustBlog, I think you will find similar points of view and no one can say he isn't reputable. Google his name and you won't find any cases of fraud.(You can read more reviews on the Stansberry newsletters via the Related links below.)


What is hotel luggage carrier called?

Porter!

Related questions

What is porter stansberry's email address?

You can email his radio team at nvissa at StansberryRadio dot com


Is the Porter Stansberry package worth 74.50?

In 2007 Stansberry and Pirate Investor LLC were convicted of stock fraud and was ordered to pay $1.5 million in restitution and civil penalties for disseminating false stock information and defrauding public investors through a financial newsletter. See the related link for an SEC complaint filed about Porter Stansberry. Always remember: if it sounds too good to be true, it probably is.


Did Porter Stansberry predict the downfall of Freddie Mac and Fannie Mae as he claims?

Porter Stansberry is a known scam artist successfully sued for fraud. The court stated, "Stansberry's conduct undoubtedly involved deliberate fraud, making statements that he knew to be false." If he predicted their downfall as he claims, he should refer to verifiable documentation of the prediction. He has referred to nothing and I have found nothing, so his claim isn't plausible.


How credible is Porter Stansberry?

He has been cited numerous times and his end of the world predictions are almost conspiratorial; do not believe a word!


When was Craig Stansberry born?

Craig Stansberry was born on March 8, 1982.


What is Craig Stansberry's birthday?

Craig Stansberry was born on March 8, 1982.


When was Joe Stansberry born?

Joe Stansberry was born on 1956-03-17.


When was baseball player Craig Stansberry born?

Craig Stansberry was born March 8, 1982.


When did James W. Stansberry die?

James W. Stansberry died on 2010-06-28.


When was James W. Stansberry born?

James W. Stansberry was born on 1927-12-29.


Is Porter Stansberry's video on the downfall of the United States legitimate?

Well, the domain is listed as being registered to Agora Publishing.Agora Publishing lists Stansberry % Associates Investment Research as one of its subsidiaries/affiliates.So this video is very likely to be from who it says it's from. If, on the other hand, you're asking whether the arguments presented hold any weight, that I cannot answer.


How old is Craig Stansberry?

Craig Stansberry is 29 years old (birthdate: March 8, 1982).