Friday, April 3, 2015

Medtronic's 3rd Settlement, Economic Mobility, $55M Fraud, Free OFAC Event & Savings Bonds

Government Alerts For Investors, April 2 in Review

has agreed to pay $4.41 Million to settle allegations that it violated the False Claims Act by giving false statements to the U.S. Department of Veterans Affairs (VA) and the U.S. Department of Defense (DoD). Yesterday's settlement was the third federal lawsuit against the company since the company moved its headquarters from Minnesota to Dublin, Ireland in January.

Both Governor Lael Brainard and Chair Janet Yellen provided some entertainment at the "Economic Mobility: Research and Ideas on Strengthening Families, Communities, and the Economy" Ninth Biennial Federal Reserve System Community Development Research Conference, held in Washington, D.C. The discussion blamed income inequality on everything from race and geography, to education and sales tax. It was a great event. Thanks to the St. Louis Fed for organizing.

The United States District Court for the District of New Mexico entered a final judgment against Charles R. Kokesh ordering him to pay civil penalties of $2,354,593 as well as disgorgement and prejudgment interest totaling $53,004,432. The case went to five-day trial; the jury ultimately found  Kokesh guilty of securities fraud by misappropriating and misusing millions of dollars from at least 1995 through July 2007.

5/11 - OFAC Spring Symposium In DC, Registration Is Free
OFAC invites you to join their 2015 Symposia which is to take place in Washington, D.C. The Spring Symposium is scheduled for May 11, 2015, and the Fall Symposium will be held in September 22, 2015. 

Historical Echoes: Pop Culture Sold Savings Bonds
This article, published yesterday, was written by Megan Cohen a research librarian in the Federal Reserve Bank of New York's Research and Statistics Group.  The article reflects on the use of icons such as Lucille Ball to sell U.S. savings bonds. "Unfortunately for pop culture aficionados" Cohen writes, "big-name promotions for U.S. savings bonds died down in more recent decades." U.S. savings bonds are no longer available at your bank as they were prior to 2012, but they are still available for purchase online through the U.S. Treasury.

If you like what you're reading, please join my mailing list to receive blog posts and updates as they occur. If you're an investor with all of your assets tied up in the stock market and cash, you might want to consider a few diversification strategies. Gold is the oldest asset in the world and it's inflation proof. Bitcoin is the gold standard for the cryptocurrency world, which is the fastest growing asset class in the world. Diversifying your portfolio into one or both of these assets can help to insure your portfolio against a stock market crash or inflation. Most importantly, it can help to safeguard the gains you've made over the last 10 years.

Please note that there are other companies that sell gold and Bitcoin on the market, and you should always do your research when making decisions about your portfolio. Just like your personal health, if you're planning on having major surgery, you need to get a second, and sometimes a third, opinion. You want to make sure your surgeon is good and has performed the procedure many, many times.  In the same way, you need to trust your broker and you need to make sure they are reputable. This is the process I used when looking for a broker to recommend.

Full disclosure: RegalAssets compensates me for everyone I send their way, but I would receive compensation from any company I chose to recommend. The only broker I'm recommending is Regal, primarily due to its innovative product offering in my favorite commodities - gold, precious metals and cryptocurrency like Bitcoin. They also have a distinguished track record for success (see below).

Next Steps: Use Regal as one of your options and compare against them. Your other brokers should be able to offer the same level of service and the same low rates. The kit is free and it will provide you with a basis for comparison. Don't wait, get started today. Fill out the form below to get your free investment kit.

If you're interested in learning more about gold investments, click here to receive a free gold investment kit from Regal Assets.

If you're interested in learning more about Bitcoin investments, click here to receive a free Bitcoin investment kit from Regal Wallet.

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