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Thread: CB Passive Income at CBPassiveIncome30.com

  1. #1
    JustTooMuchTime is offline Senior Scambuster
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    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:

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

    "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. "
    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.
    Last edited by JustTooMuchTime; 04-22-2015 at 02:18 PM. Reason: corrected subject to show correct domain

  2. #2
    Soapboxmom's Avatar
    Soapboxmom is offline Administrator
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    Re: CB Passive Income at CBPassiveIncome.com

    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!

  3. #3
    JustTooMuchTime is offline Senior Scambuster
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    Bill Bartmann Endorsement of CB Passive Income

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




    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

  4. #4
    Whip's Avatar
    Whip is offline Anonymous. As are you all
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    Re: CB Passive Income at CBPassiveIncome30.com

    'CB' = Can't Be
    Haven't lost any money to online scams.......results are typical.

  5. #5
    JustTooMuchTime is offline Senior Scambuster
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    Re: CB Passive Income at CBPassiveIncome30.com

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

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