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Charles Givens
My sources tell me that a jury slapped the late Charles J. Givens Jr. with a $14.1-million judgment in a class-action suit brought on by angry investors. They also tell me that a San Diego Superior Court judge issued Givens orders to prevent him from further misrepresenting the success of his money-making strategies. Charles Givens was a Florida-based author of several best-selling personal investment books. His most famous book was titled "Wealth Without Risk".
Charles Givens was a U.S. millionaire and author of the 1992 best-seller Wealth Without Risk for Canadians. His financial-advice empire was built in the 1980s with evangelistic-style TV infomercials and his desk-thumping lectures.
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Givens had a second book called "Financial Self Defense. Givens advice throughout these products basically covers three areas: insurance, taxes, and investing.
One of the nightly news shows (either 20/20 or 60 minutes), did a segment on Charles Givens where they told that he was charged with something like 37 counts of fraud...I don't remember the outcome of the case. They also showed a couple who took his advice and dropped their uninsured motorist coverage, and whose daughter was subsequently hit by an uninsured motorist. They saved $40 or so by dropping the coverage, and are now faced with tens of thousands of dollars worth of medical payments for their daughter. The Givens Organization settled with the family for an undisclosed amount, but admits no fault or wrongdoing.
Charles givens passed away in 1998 at the age of 57.
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