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| Breaking News - October 2, 2009 |
Prepaid Legal, Inc (NYSE:PPD) releases Q-3 09 numbers; shows the compny'skey metric, membership fees, down 1.5% while total new memberships decline 7%
>> Click Here for expert's summation and press release.
Q-3 numbers reveal 85% of PPD's salesforce quits or fails to make even one sale annually; 2% of salesforce makes 10 or more sales annually. |
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| Every Crime has a Motive. From January 2007 to February 2009 Pre-Paid Legal Services, Inc. insiders dumped $31,654,435 of personal stock holdings. At the same time, these same insiders authorized the repurchase of outstanding shares at a rate at which the word "aggressive" does not do justice. In fact, during the same period as the insider selling, the company repurchases exceeded $111,175,372. A whopping 28% of all cash spent on repurchases went straight into the pockets of the Pre-Paid insiders when they sold their shares. Where did the company get the money to repurchase these shares? The backs of the failed members who are doomed by design in an endless chain Madoff pyramid scheme. Click Here to see the analysis. |
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Click Here to read the new report just released to the Fraud Discovery Institute by expert Robert FitzPatrick of Pyramid Scheme Alert.
In the report, Mr. FitzPatrick shows how PrePaid Legal is very similar to the Madoff case.
Click Here to read the five points of similarity between PrePaid Legal and the Madoff case. |
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Part 2 - Watch part 2 as Barry Minkow outlines the incredible failure rate of PrePaid legal associates and how the company profits on the backs of these massive failures. Click Here for the video. |
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Part 1 - Watch as Barry Minkow of the Fraud Discovery Institute compares the PrePaid Legal business model of Medifast's to the Ponzi Scheme perpetrated by Madoff. Click Here for the video. |
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| April 23 , 2009 |
PrePaid Legal, Inc (NYSE:PPD) Recruitment falls 18% in Q-1 2009; a 27% acceleration in decline over the same quarter in 2008 Click Here for new report from Expert Robert Fitzpatrick and detailed anaylsis of PrePaid Legal, Inc's apparent financial fraud in progress. Click Here for Press Release about new findings. |
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| March 20 , 2009 |
Expert: New 9th Circuit Court Ruling on Bogus income claims will materially, adversely impact PrePaid Legal (NYSE:PPD).
Click Here for the Expert's Report.
Click Here for the Ruling. Click Here for the Press Release. |
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| March 13 , 2009 |
>> Professor of Mathematics says 'Mathematically impossible to succeed at PrePaid, Legal Inc." Click Here for report.
>> What if Prepaid Legal argues that vested associates do not want to earn an income but only want discounts on the great “PrePaid” products? Click Here to read experts response to this specific question.
>> Click Here to read the latest Press Release from FDI
>> Does Prepaid promise what they know they cannot deliver? You be judge! Click Here |
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| March 2 , 2009 |
FDI releases new, ‘Top 10 Red Flags for Fraud' at PrePaid Legal, Inc.
Click Here to read Red Flags for Fraud.
Click Here to read press release. |
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| March 2 , 2009 |
“Not only does PPD show an 18% decline in its most important measure for overall growth – the rate of enrollment of multi-level marketing salespeople – but in 2008 more salespeople actually quit the company than were recruited during the year demonstrating beyond any doubt that the scheme is collapsing.” -- Barry Minkow, Co-Founder Fraud Discovery Institute, Inc. |
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| February 25, 2009 |
Wall Street Journal connects Pre-Paid Legal Services, Inc (NYSE:PPD) largest institutional holder, Renaissance Technologies and Madoff investments. Click Here for more information.
Click here for new Press Release. Click here for supporting documentation |
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