Ponzi scheme turns bestselling author...

Ponzi scheme turns bestselling author's dream life into a nightmare

There are 56 comments on the TwinCities.com story from Jun 27, 2010, titled Ponzi scheme turns bestselling author's dream life into a nightmare. In it, TwinCities.com reports that:

Wisconsin author Jacquelyn Mitchard has seen a number of her dreams come true. Her novel, "The Deep End of the Ocean," was the first pick of Oprah Winfrey's influential book club, and it later became a movie starring Michelle Pfeiffer.

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Paul

Saint Paul, MN

#47 Jun 28, 2010
Jolly_Roger wrote:
<quoted text>
According to the story, her husband decided it was worth investing in, so it's just possible that he was alive long enough to lobby for the investment.
Yeah, my error was corrected several hours ago. Thank you for your patience.
really

Chaska, MN

#48 Jun 28, 2010
Must be a slow day in the news business. Someone with a name made a bad investment and now it is front page news? PP you are going down hill fast. The reporter doesn't even know that a woman is a widow, men are widowers. Nice that after all the posts earlier today that an editor did their job and corrected the story.
Citizen

Minneapolis, MN

#49 Jun 28, 2010
Malthus wrote:
<quoted text>
Didn't Minnesotans vote themselves a sales tax increase?
That's beyond gullible and enters the realm of staggering stupidity.
That's a great point! Whoever said that Minnesota is somehow "the education state" is greatly misinformed. Minnesotan's are so uneducated and gullible that they keep on voting for more and more taxes all the time.

LOL, my first reaction upon seeing this story was that this lady had joined Amway. In hindsight she should have. At least she would have received some soap out of the deal instead of nothing.
Citizen

Minneapolis, MN

#50 Jun 28, 2010
sans apostrophe (before someone makes a wisecrack)
Citizen

Minneapolis, MN

#51 Jun 28, 2010
doomster wrote:
I have been investing for almost 40yrs and find it hard to believe anyone would have invested with these guys if you heard their radio show on KSTP 1500. I heard it on Sunday mornings a couple of times and couldnt understand anything the guy in jail talked about. Pat Kiley, the other one on the show sounded like he had forgotten everything he ever knew about investing. It was just talk that was about mumbo jumbo economics that a chimp could have put together. It's too bad people lost all their moneyy but you had to be a real sucker to have fallen for their spiel. The program was a paid commercial but I was still surprised that KSTP broadcast a show that was so blatently nothing but a buch of crap. I guess the station was desperate for revenue and has no ethics themselves when it comes to what they broadcast.
I'm not in favor of con artists, but at least this was when KSTP was fun and interesting and had a plethora of topics, like a liberal arts education. Even THIS show was better than going to all sports all the time! Sure, sports are a small little sliver of importance and interest in most of our lives. But to go on and on and on about such topics as the baseball draft strategies of the Twins and the skills of the Timberwolves for spotting talent for 4 years from now appeals to about that 0.87% of the population that has no real life. Either that or they have to know this kind of trivial junk because they make their living as a sports gambler. Either way, KSTP now appeals to such a microcosm of a microcosm of a population segment that they have a better chance of getting good ratings than the gullible suckers had at getting a good return with this clown.
PanHead

United States

#52 Jun 28, 2010
And he is sill alive?????????
Davenport

Saint Paul, MN

#53 Jun 28, 2010
like I said wrote:
I wonder if other states have had as many con artists as MN. I've always found it amazing how Minnesotans are so conservative and sceptical on one hand yet totally gullible to the get rich schemes on the other. Weird.
You could say there are three people types in MN. The liberal do-gooders who want to offer lots of generous state programs like welfare and want higher taxes on the struggling state middle class to pay for it all. The greedsters, usually conservatives in the upscale exurbs who would sell out their neighbor for some extra dollars to get that new boat or weekend cottage. Con artistry and slumlord rental properties seem to be the typical 'modus operandi'. And the third, which make up the decent, but no nonsense moderate MInnesotan who just wants a quiet, unchanging life but unfortunately becomes the passive victim of the other two.
Plain Jane

Saint Paul, MN

#54 Jun 28, 2010
Paul wrote:
<quoted text>
Uhh, perhaps it's because she's a famous novelist? That could be it, but I'm not quite sure.
The story leaves out an important point, how and why did she invest with this crook. She's presumably in Wisonsin and this guy was in Apple Valley.
Read the piece her HUSBAND did the investment, it was his idea.
Jack

Saint Paul, MN

#55 Jun 28, 2010
like I said wrote:
I wonder if other states have had as many con artists as MN. I've always found it amazing how Minnesotans are so conservative and sceptical on one hand yet totally gullible to the get rich schemes on the other. Weird.
Davenport made a good stab at this above. There is a combo here of naivete and arrogance that can be very dangerous. There are a lot of people in MN who really think "they know better". I don't encounter this when I travel to the states that border us. In fact, I don't see it anywhere except NY or CA.
endofanera

Saint Paul, MN

#56 Jun 29, 2010
Not a big fan of daytime talk shows and romance-type drama novels myself, but...

No, her first husband died some time ago. She remarried and it was Husband No. 2 who chose to invest with the radio guys. She's still married to No. 2. Google her.

And to the poster who mentioned something about "why did the PP choose to talk about her losses and not other victim's losses?" I'd say do a Google search. The paper has been writing about this scheme for months, with what looks to me like a different victim -- or victims, plural - profiled each time.

For starters, check out:

http://www.majorwager.com/forums/mess-hall/19...

http://www.istockanalyst.com/article/viewiSto...

P.S. I've got the print edition right here. It says she's a "widow," not a widower. Don't know what's up with the online version.
Paul wrote:
<quoted text>
Yeah, my error was corrected several hours ago. Thank you for your patience.
Bill Fiskus

Minneapolis, MN

#57 Jun 29, 2010
Go to Jail Trevor....And you too doc.....I hope you rot in there you evil man....Doc is Pat Kiley....He has been in the pen before
leah

Minneapolis, MN

#58 Jun 29, 2010
DDD wrote:
Mitchard earned her money fairly and through hard work. Why is she considered greedy to some readers? She invested unwisely and is a victim of a fraud and theft, whether it be $1 or $1,000,000. The number of years served in prison is based on the number of counts of fraud. Child molestors are a different issue, and in my opinion, do not have strong enough sentences, but that isn't the issue here, is it? Widow or widower? You get the point. This is an Internet article -- nothing is edited on the Web. And who the hell has the right to say that her adoptions were trendy? Come on, people -- your comments are worse than the article itself.
oh sure pretend to take the high road and ignore truths that have been pointed out...
rasta

United States

#59 Jun 30, 2010
Her husband invested she is remarried her life is good. She has been usein the poor widow story for 15 years now. She is remarried has a family and lives in a beatiful home. This story has been around since before Christmas. Now it is public it just so happens she has a new book coming out. Amazing timing
jjj

Cynthiana, KY

#60 Jul 1, 2010
If it's too good to be true, it is. Sorry, but everyone burned by this had dreams of fast money and should have known better.
Amazonite

Mobile, AL

#61 Jul 1, 2010
After reading these comments I'm reminded about how easy the anonymity of the internet makes it to be uncivil or just plain rude. I daresay none of you sneerers would have the cojones to say any of this stream of acid over your own names.

How does a story about misfortune from bad investments turn into a pile-on about greed, with swipes at foreign adoption?-- oh, and let's don't forget to throw the "liberal" epithet in there, too, for good measure. Please. If the story doesn't interest you, don't read it. And, just as an aside, investing one's hard-earned money (even if it does turn out to be unwisely) in hopes of securing the family's future is hardly a greedy thing to do.
underscore

Minneapolis, MN

#62 Jul 2, 2010
Amazonite wrote:
After reading these comments I'm reminded about how easy the anonymity of the internet makes it to be uncivil or just plain rude. I daresay none of you sneerers would have the cojones to say any of this stream of acid over your own names.
How does a story about misfortune from bad investments turn into a pile-on about greed, with swipes at foreign adoption?-- oh, and let's don't forget to throw the "liberal" epithet in there, too, for good measure. Please. If the story doesn't interest you, don't read it. And, just as an aside, investing one's hard-earned money (even if it does turn out to be unwisely) in hopes of securing the family's future is hardly a greedy thing to do.
just wrinkle up your nose at these self righteous mommy scolds....

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