Money Machine Undone
Wade Cook, author of books such as Wall Street Money Machine was indicted on eight counts of tax fraud, obstruction of justice and conspiracy. Cook, and his wife (who was also charged), created a phony tax exempt entity but allegedly concealed $8.9 million in income and used some of it on pianos, horses and other investments.
In 2002, Wade Cook Financial was hit with an FTC civil contempt order for not complying with a 2000 court order. Cook still conducts his seminars.
Cook faces three to fifteen years in prison for each count if convicted plus fines of up to $1 million per count. Cook, in a Seattle Times story, denies the charges, stating, "If I'm guilty of anything, it's loving my job and loving my church...What's wrong with that?"
News Story: Seattle Times
In 2002, Wade Cook Financial was hit with an FTC civil contempt order for not complying with a 2000 court order. Cook still conducts his seminars.
Cook faces three to fifteen years in prison for each count if convicted plus fines of up to $1 million per count. Cook, in a Seattle Times story, denies the charges, stating, "If I'm guilty of anything, it's loving my job and loving my church...What's wrong with that?"
News Story: Seattle Times