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SCOTUS rules for Ray Lucia
06-21-2018, 08:22 PM
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#1
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Full time employment: Posting here.
Join Date: Jul 2004
Posts: 512
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SCOTUS rules for Ray Lucia
Yep, Mr. "Buckets of Money" has (at least temporarily) had his fraud conviction "wiped off the books".
The SCOTUS decision has nothing to do with the details of the case, rather they determined that the judge himself had not been properly installed. It was ruled that all Administrative Law Judges are "officers" and are therefore subject to being appointed by higher levels of the government, rather than the civil-service way they had been.
All the SEC judges, including Lucia's, have now been properly appointed. However, SCOTUS specifically prohibited Lucia's from hearing his case again, should it be re-tried.
Talk about a technicality!
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06-22-2018, 12:23 PM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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The rules of law:
Argue the facts
If you can't argue the facts, argue the law.
If you can't argue either one, argue the process.
A courtroom is the last place to find the truth.
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06-22-2018, 12:56 PM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2004
Location: South Texas~29N/98W Just West of Woman Hollering Creek
Posts: 6,668
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Ray should be back on TV in about 20 minutes.
__________________
Part-Owner of Texas
Outside of a dog, a book is man's best friend. Inside of a dog, it's too dark to read. Groucho Marx
In dire need of: faster horses, younger woman, older whiskey, more money.
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06-22-2018, 01:02 PM
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#4
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Thinks s/he gets paid by the post
Join Date: Oct 2012
Location: Colorado Mountains
Posts: 3,163
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Ray Lucia? I never heard of him before...
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06-22-2018, 01:03 PM
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#5
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by Hermit
Ray Lucia? I never heard of him before...
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How about Professor Plum, his sidekick?
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06-22-2018, 01:06 PM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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If you get away from his bucket strategy, he is actually interesting to listen to. Far more than Dave Ramsey.
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06-22-2018, 02:00 PM
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#7
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Recycles dryer sheets
Join Date: Feb 2013
Posts: 60
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Quote:
Originally Posted by Hermit
Ray Lucia? I never heard of him before...
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Never heard of him either. Probably some rich scumbag with deep pockets and lawyers.
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06-22-2018, 02:02 PM
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#8
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
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Quote:
Originally Posted by Hermit
Ray Lucia? I never heard of him before...
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Same here....
__________________
*********Go Astros!*********
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06-22-2018, 03:37 PM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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You must not have a business/personal finance oriented radio network in your market. He’s been in Colorado for years. He’s actually interesting to listen to. He promotes the bucket strategy and that’s what got him in trouble. He takes questions from listeners and I have learned a few things over the years. Way better than Suzy Orman or Dave Ramsey.
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06-22-2018, 03:53 PM
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#10
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Recycles dryer sheets
Join Date: May 2015
Location: Henderson
Posts: 258
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I haven’t heard of him and would not have, absent the awareness from the OP that Lucia/his lawyers took the time of our Supreme Court. I won’t be lending an ear.
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SCOTUS rules for Ray Lucia
06-22-2018, 05:51 PM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,304
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SCOTUS rules for Ray Lucia
I really enjoyed his program. I even called in once. It was not carried in many markets but it was a mainstay in the ones that did carry it. His sidekicks were what made the show better in many respects. One guy was a tax specialist and I forget the other guys specialty. I even drove 150 miles to one of his live shows and that's when the red flags came out. At the live show he pushed the unlisted REITS pretty hard. Actually I thought the REITS was what got him in trouble with the SEC. I never spent a dime on his books but I got a lot of good info and use a personalized bucket strategy today.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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06-22-2018, 06:29 PM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2016
Location: Colorado
Posts: 8,971
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Quote:
Originally Posted by USA
I haven’t heard of him and would not have, absent the awareness from the OP that Lucia/his lawyers took the time of our Supreme Court. I won’t be lending an ear.
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Well at least you have an open mind.
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06-22-2018, 07:46 PM
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#13
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe, Texas
Posts: 18,593
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Quote:
Originally Posted by COcheesehead
You must not have a business/personal finance oriented radio network in your market. He’s been in Colorado for years. He’s actually interesting to listen to. He promotes the bucket strategy and that’s what got him in trouble. He takes questions from listeners and I have learned a few things over the years. Way better than Suzy Orman or Dave Ramsey.
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We have those networked radio programs, but I never spent any time listening to them.
__________________
*********Go Astros!*********
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06-22-2018, 07:48 PM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 37,931
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Ray Lucia and his bucket strategy was much discussed here many years ago, but then he got into trouble, and kind of faded away.
__________________
Retired since summer 1999.
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