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Abacus Life Inc V.ABL


Primary Symbol: ABL Alternate Symbol(s):  ABLLL

Abacus Life, Inc. is a vertically integrated alternative asset manager and market maker, specializing in longevity and actuarial technology. The Company’s Portfolio Servicing segment provides policy services to customers on a contract basis. Its Active Management segment buys, sells and trades policies and maintains policies until receipt of death benefits. Its Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, who is often the original policy owner. The policies are purchased from owners or other providers through advisors, brokers or directly through the owner. It originates policies through three primary origination channels (Agents/Financial Advisors, Direct-to-Consumers, Life Settlement Brokers) and Third-Party Intermediaries, screens them for eligibility by verifying that the policy is in force, obtaining consents and disclosures, and submitting cases for life expectancy estimates.


NDAQ:ABL - Post by User

Comment by gotsilveron Nov 20, 2010 8:32am
427 Views
Post# 17733832

Bob Chapman is a Fraudster

Bob Chapman is a FraudsterRE: Bob Chapman-David Ackerberg-Mike Harris-Bob Knaupp



A WARNING TO OTHERS


That free subscription you'll get when you buy some gold and silver from one of Bob Chapman's internet show hosts and their companies on internet patriot radio programs might not be so free in the end. It wound up costing many of us millions of dollars. Also be warned that it's not real obvious what Bob's doing when he does it.
Lots depends on who you are.

I'll try to explain briefly.

He brags that he was at one time the largest gold and silver stockbroker in the world. He has 50 years experience behind him to guide you to riches thru his publication THE INTERNATIONAL FORECASTER. He'll brag about how much money he's making his subscribers, tons of money! Well, who wouldn't want to get in on this good thing??

But he forgets to tell you about the scams he puts the little guy in when he calls you on the phone for some of that free financial advise he talks about on his programs! (you don't call him-he has no direct phone number, therefore he controls all the calls, and can't be reached if he doesn't want to be-you email him with your phone number, and he calls you back-) He then proceeds to give you that free expert financial advise that he brags about on all his shows!! He answers everyones email! Nobody in the newsletter writing business does this but him! It all seems really good....too good....but you want in on the action...but.....

Callers BEWARE.

The advise isn't always good. As in our experience below.

Bob had us sell Rainy River (RR.V) at $2.00 and buy Capella at $2.25. Rainy River is now $12. Capella had a reverse stock split 10 to 1, so the crooks gave us 1 share for every 10 we owned, and the price today is around .13 cents. Expertise??? Hardly. More like tragic. (you can read more about the schnanigans in the above posts links)

Bob sent emails to us (which I have kept) saying Capella was a screaming buy, the train was leaving the station, and that the stock would trade considerably higher. He said the President of Capella had an impressive record and was one of the top resource company executives in the past 30 years, and that he didn't attach himself to any project unless it was sound sealed and delivered. (really Bob?? a 10 to 1 reverse split doesnt sound so good to me) So upon Bob's advise, we did what he suggested, put ALL your money into it, he told us, and so we bought Capella, and did as he said, only to lose tens of thousands of dollars on this stock alone. We were so stupid to put almost all of our money into one thing. What financial advisor would tell you to do this? What good one, anyway?? Or did Robert Chapman have an ulterior motive?? There were other dog stocks also. (please click on the link in the above post for more about this Mr McDonald, the Pres of Capella Resources). Bob Chapman pumped and dumped this and other stocks on his unsuspecting, uneducated, gulliable, ignorant subscribers like us. To quote Bob, 'Get aboard before the train leaves the station'.
Well, we hurried aboard the Bob Chapmans stock train on the International Forecaster, and we lost it all.

Bob did not give Erskine (GCN's Erskine Overnight Program, of which Bob is a regular guest) that bad advise. Rather he had him buy and hold Rainy River and sell much higher! Why didn't he tell us to do the same thing? He's very selective who he gives what advise. Tricky. Cleaver. Deceitful. Those hosting radio programs are not taken for the ride that the unknown, ignorant, gullible, uneducated, unsuspecting, little guy is. Bob is much too smart for that. (former Counter Intelligence Agency employee)!!! To quote Bob on a live RBN Network show, The National Intel Report with John Statmiller, Bob said of working for the CIA 'I think you have to be a crook to get hired on', and jokingly admitted he might have a criminal mind. I didn't think this to be so funny as much as it just might be possibly true.

But nevermind. He's got ALL the talk show hosts convinced he walks on water!!! (another form of brainwashing in itself.)

And then there was the Pat Kiley fraud, which Bob touted in his world renowned newsletter for all his subscriber base to invest in. While Bob sings his praise that he made personal phone calls to over 100 International Forecaster suscribers invested with Pat Kiley, and to warn them to get out, he doesn't mention that just weeks before he made those personal phone calls, Kiley fired him from the radio show Follow the Money with Pat Kiley, airing on over 200 radio stations nationwide, in which Bob was adressed as 'Co host for Life' by the crook himself....Pat Kiley!!

Shortly after his firing, Chapman lied on John Statmillers Naional Intel Report talk show, saying that he had quit Kiley's Follow the Money show, as he started getting suspicious when a subscriber- investor called his attention to his bi annual bare bones fradulant statement from Kiley. But the real truth is Kiley fired him. Just a few weeks later Chapman said that the investment he touted for years in the International Forecaster was about to blow up, and subscribers should get out immediately. A thinking person at the time had to ask themself what suddenly changed as to this foreign currency trading investment that was doing so well, what changed now that wasn't there before Chapman's and Kileys differences??. If now the investment was so dangerous, why didn't Bob detect the danger prior to being fired??? Or prior to recommending it to us subscribers?

Now we were really confused. Could it be that maybe Bob just wanted to get back at Pat Kiley for firing him, and that's why he's telling us to now get out of what was only a short time ago worthy of being advertised in his newsletter??? A tangled spiders web this has become, wrought with deceit, and investors are now caught in the middle trying to figure out whos telling the truth, and who's lying. Since we had heard Bob lie before, we didn't believe what he was now saying about Kiley. Another gross mistake on our part that would prove to be disasterous for us. In the end, over 20 investors stayed in the Kiley investment, only to lose it all, a total of 190 million dollars lost. Of course this is never mentioned by Bob on the multitude of radio shows he does per week. Nothing about all the money lost, he only talks about the gobs of money being made by those who take his advise. Very misleading and tragic.

Having been the focus of the SEC and other government agencies investigation, as well as many court hearings, the conclusion was drawn in court that the Pat Kiley investment was exposed as having always been a fraud, that the phoney banks he named and phoney companies never existed, much less trading foreign currencies with the investors money. The statements were a scam with phoney numbers. How did this get by the 50 years of experience of Mr. Robert Chapman??????

We looked to Bob for financial advise, and we trusted that he had done his homework, and would to an extent protect his subscribers from dangers such as non existant companies, and that he would only advertise reliable investments to his valued subscribers, investments that were real and actually existed, and not fraudlent. Should we have expected anything less for our $159?????

Did Robert Chapman always know it was a scam, but wanted the exposure that over 200 nationwide radio shows brought him on Kileys show, so he could add to his client base, as mentioned in the previous post above?? He got air time on the show with Kiley, and in return touted Kileys fradulent investment off on his subscribers!! What a deal.....for them anyway.
Putting his subscribers hard earned money and their retirements at risk, all for the sake of personal gain and a larger subscriber base??? Yes, sad to say, it appears to be so.

And then there was DAVID ACKERBERG, MIKE HARRIS and BOB KNUPP, and other criminals....who scammed us and stole $7,000.00 in a bogus Mortgage Elimination Program thru a non existant company called PNU aka POWER IN UNITY. Again, this was found thru Bob Chapmans International Forecaster publication. After notifying Bob that POWER IN UNITY had disconnected all email addresses, and all phone lines were disconnected and all communication was lost will all the crooks named above, (after they stole and kept everyones money) , so nobody was able to get ahold of them, Bob sent David Ackerberg an email, asking him if there was any criminal activity involved (of which I still have the email).!!! Bob did not ask David Ackerberg where our $7,000.00 was, or what happened to the company, or fools who bought into their scam and lies, rather, he asked him was there any CRIMINAL ACTIVITY INVOLVED!!! ???? Very strange indeed, unless your suspect of such, of which Bob must have been. War buddies they would call themselves. Just another fraud and thousands of dollars lost, and lives wrecked, thanks to the world renouned International Forecaster, and the criminal fraudlent enterprise called Power in Unity and its purporters DAVID ACKERBERG, MIKE HARRIS, BOB KNAUPP.

I have no proof that the deciet, fraud, lies and Christian White Collar Crime has stopped to this day. No monies have been returned as promised in the above scam. All that is left are the men named above, who have now dissappeared and scattered like cock roaches do when the lights hit them. Dissappeared like the cowards and theives that they are.

Bob's reputation and his newletter would have suffered greatly if all 120 subscribers had stayed in Kileys fraudlent investment. As a result, only 190 million dollars was lost to the ones that were confused and did not get out. Tragic.

Many of us paid $159 for the annual subscription, only to be led astray with his financial advise, and lose millions. The International Forecaster was not of great value to us, nor was it an inexpensive investment by any means. Rather, It cost us everything we hadworked all our lives for, and all the money we saved for our old age, and then some for generations to come. Money we'll never recover in this life.

Shame on you Bob.

But again, we shouldn't have trusted you in the first place, and that was our biggest mistake. A very expensive one too.

Richard Syrett (radio & tv host) fired Bob from his Canadian radio broadcast after catching him lying about stocks and stock fraud charges. Vyzygoth out of Florida also fired Bob from his radio show upon finding out what Bob was doing. Robert in Canada helped put the Bob Chapman illusion(something that deceives by producing a false or misleading impression of reality) together for many of us Many thanks to all of them, for having the courage to speak out, although very few would believe what they had to say. Like I said previously, Mr Chapman puts on a good front, even appearing to most to walk on water. On several of the internet radio shows Bob was on, the phone calls were sensored, and they were kept from speaking about their experience with and discoveries of Mr Chapman.

Suffice it to say I hope this helps just one person out there. Bob Chapman writes a great newsletter. I do believe he's really trying to help inform the people as to what is really going on in the world. I believe he is much more careful now since the Pat Kiley fraud he touted blew up in his face. I also believe he's in it for himself. As Robert wrote me, 'he has so many great qualities, but he has a shady side. This is the human condition'. That was a nice way of putting it Robert.

Unfortunately Bob's left many of us broke and now poor, unable to buy necessities of life for ourselves, our children and our grandchildren. No losses have been recooped. The future for us will not be good. We will now lose everything. The troubled times that lie just ahead will be even more difficult not only for us, but for our families too, thanks to a man named Bob Chapman, and his world renouned publication called The Interntional Forecaster.

In the end, we have to take responsibility for ourselves, and the action we personally took (in ignorance) to follow Bob Chapmans disastrous financial advise. This is not everyones experience, but it is ours.

Thank you for taking the time to read and consider it. Please be careful when looking and paying others to guide you. .

All The Best




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