Doug Andrew - Missed Fortune

  • 2005 0906 - Victoria Advocate - Taking 'Missed Fortune 101 ' to the reality lab, by Scott Burns, Investors Network - Page 7 

06 Sep 2005, Tue Victoria Advocate (Victoria, Texas) Newspapers.com

  • 2007 - Book Review - Missed Fortune 101, by Doug Andrew’s - Review by Doug Thorburn - [link]
    • Every flimflam man knows that the con must be carefully layered around a kernel of truth for credibility. Missed Fortune 101 by Doug Andrew succeeds in this by wrapping a number of preposterous ideas and prevarications around four basic and true axioms.
    • They are: (1) income is taxed in what are essentially “chunks,” (2) the only relevant tax rate for decision making is the marginal rate, (3) tremendous wealth can be created by borrowing at one rate and investing at a higher rate, and (4) universal life insurance can be a valid investment by which to build wealth and a tax-free income stream. Everything else in this book is not only utter nonsense, but potentially lethal to one’s financial health.
  • 2013 0204 - White Coat Investor - Book Review of Missed Fortune 101 By Live Abundant Owner Doug Andrew - [link
  • 2013 0704 - LC - Cressy vs FG Life, OM Financial, Doug Andrew, Paramount - Complaint for Damages and Equitable Relief - 39p  ---  [BonkNote]
    • (p18) - 46. The uniform and deceptive message delivered through. the Missed Fortune marketing materials and each step of the True Wealth transformation process was two-fold.
      • First, and consistent with their TEAM training, the Missed Fortune Producers falsely touted themselves and Douglas Andrew as expert financial advisors and highly trained investment professionals, working for the clients' best interests when in fact they were operating for the sole purpose of selling life insurance. Secondly, that by following the Missed Fortune Producers' expert advice and purchasing the policies in question the clients would obtain safe, liquid, "investment grade" policies using home equity funds and other capital that would create greater wealth and security than other investments, when in fact the life insurance policies were not appropriate investment vehicles.
      • (p19) - The Conspiracy
        • 47. OM Financial/FG Life, Andrew and Paramount Financial conspired together and with others to perpetrate the fraudulent Missed Fortune scheme.