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Karma plays smackdown on a Con Man

Discussion in 'Politics & World News' started by eric strt6, Oct 12, 2012.

  1. eric strt6

    eric strt6 Resident Curmudgeon

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    I hope the bankruptcy judge says not so fast jack....pay up

    Looking at his net worth it validates my belief that we are a nation of gullible morons
    http://tinyurl.com/8uqekf4

    Robert Kiyosaki, author of the bestselling "Rich Dad, Poor Dad" series, has filed for Chapter 7 bankruptcy protection after losing a nearly $24 million court judgment to The Learning Annex, The New York Post reports.
    As one of Kiyosaki's earliest backers, The Learning Annex was responsible for arranging the speaking engagements and platform that led to his massive success.
    But apparently the fame went to his head because according to court papers obtained by the Post, Kiyosaki, who published his first "Rich Dad" book in 1994, never paid the Annex its rightful share. Said founder and chairman Bill Zanker: "Oprah believed in him, and Will Smith believed in him, but he didn't keep his promise to us."
    Kiyosaki's Rich Global company was ordered by a U.S. judge in April to cough up $23,687,957.21, which in turn led him to file for corporate bankruptcy on Aug. 20.
    Despite the blow to the personal finance guru's reputation, Kiyosaki probably won't feel the pinch in his wallet. Forbes pegs his net worth around a cool $80 million, and Kiyosaki, who's written 11 books, operates as many as ten other companies. Rich Global was said to be worth a few million when it went under.
     

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  2. Pesqueeb

    Pesqueeb bicycle in airplane hangar

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    #2 -   Oct 13, 2012
    Last edited: Oct 13, 2012
  3. norbar

    norbar Turbo Monkey

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    Kiyosaki is useful. It helps me detect morons when people start quoting him. He is like an indie Ayn Rand.