http://www.sec.gov/litigation/litreleases/2011/lr21898.htm

Mike Watson ran seminars,boot camps and newsletters. What he was most successfull at according to the SEC was a Ponzi scheme that raised $27mm in funds and after 5 years of his management left the investors with $17mm. Sad that 120 investors gave him that much money, about $250,000 each.

Investors do your homework.
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Goldenkozy