Infomercial Trading ‘Experts’ Charged With Fraud
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Federal officials indicted two would-be trading whizzes on fraud charges saying the pair “lied or omitted pertinent information about their profits in the stock market and their annual gains and losses during presentations given at hotel seminars across the country.”
Clients were charged anywhere from $3,000-$40,000 for the ‘Teach Me to Trade’ seminar. The first lesson of the course: ‘Don’t pay $40,000 for something you can get for $3,000.’
Linda Woolf, 48, of Sandy, Utah, and David Gengler, 34, of Draper, Utah have pleaded not guilty to the charges and are currently working on a follow-up course: ‘Teach Me to Plea Bargain.’
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