CB Passive Income at CBPassiveIncome30.com

When I saw the launch notice for Patric Chan's CB passive Income I really didn't think much about it. But then I saw this statement:

Quote:

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"One of my physical books is Clicking Cash, which is co-authored by Robert G. Allen,
the New York Times best-selling author of Multiple Streams of Income, Nothing Down,
One Minute Millionaire, Cracking The Millionaire Code, Cash In A Flash and many more
big hits."

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Here's what John T. Reed had to say about some of Robert G. Allen's books here:

Quote:

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"At best, you would have negative cash flow following his books. At worst, you would
go bankrupt and wind up in jail. He doesn’t put it this way, but his nothing-down techniques
almost all require you to mislead an institutional lender or take advantage of an unsophisticated
seller or both. The president of his Atlanta Robert Allen Nothing Down Club literally went to
federal prison (at Eglin AFB, FL) for doing illegal nothing-down deals. There is virtually nothing
in his material about how to make a profit. Rather he simply assumes that real estate goes up
so much every year that you need only buy it to cash in. "

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I mean, maybe Patric Chan's CB Passive Income is fine, but it baffles me
as to why anybody would associate themselves
with Robert Allen other than to make more sales.

There was a class action lawsuit filed.

YANQIU KE v. ALLEN et al 1:2010cv02036

...which according to this report settled.

Unfortunately, I can't find any publicly available information about the nature of the setltement.

I despise secret settlements, but these scammers will do anything to avoid losing a case or (gasp, argh) admitting any wrongdoing. We can guess how that settlement worked out!

Quote:

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Things started to get thick when I looked into the Bill Bartmann endorsement of CB Passive Income:

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http://i1242.photobucket.com/albums/...psmfpmmkwy.jpg

According to CBS News and several other sources, Bill Bartmann was nominated for the 2014 Nobel Peace Prize:

Debt collector thrives with simple strategy: kindness - CBS News
Dr. Rice nominates Bartmann for 2014 Nobel Peace Prize - Claremore Daily Progress: Local News

I don't really have any reason to doubt the legitimacy of the Nomination, but for completeness' sake, here's
what the Noble Prize site says about Nominees:

"50 Year Secrecy Rule
The Committee does not itself announce the names of nominees, neither to the media nor
to the candidates themselves. In so far as certain names crop up in the advance speculations
as to who will be awarded any given year's Prize, this is either sheer guesswork or information
put out by the person or persons behind the nomination. Information in the Nobel Committee's
nomination database is not made public until after fifty years."

This Forbes article seems to take a more Cynical view:
Return of the Billionaire Huckster - Forbes

To which Bill Bartmann responded with this:
https://www.scribd.com/fullscreen/73...28uwuos66bxed1

'CB' = Can't Be

The concept of CB Passive Income seems to be similar to Covert Commissions.