The Pocket Watcher breaks down how Dr. Terrence Cash aka Terrence Chalk scammed $5 Million from investors.
According to Securities and Exchange Commission and Department of Justice documents, Terrence Chalk, the self-described “nation’s #1 Business, Money and Wealth Coach,” sold unregistered securities to middle-income individuals since 2017. These small investors were lured by guarantees of 12 percent annual income, with the possibility of up to 70 percent annual returns and income distributions. Except, as you have likely already guessed, the securities were fake. Chalk wasn’t licensed to sell securities or registered to provide investment advice. Officials say he stole almost $5 million, including the entire retirement savings of many of the victims.
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