{"id":149353,"date":"2023-07-26T03:02:00","date_gmt":"2023-07-26T11:02:00","guid":{"rendered":"https:\/\/lukeford.net\/blog\/?p=149353"},"modified":"2023-07-26T03:02:00","modified_gmt":"2023-07-26T11:02:00","slug":"major-dennis-prager-advertiser-lear-capital-in-the-news-for-the-worst-reasons","status":"publish","type":"post","link":"https:\/\/lukeford.net\/blog\/?p=149353","title":{"rendered":"Major Dennis Prager Advertiser Lear Capital In The News For The Worst Reasons"},"content":{"rendered":"

On his Youtube show with Julie Hartman Nov. 21, 2022<\/a>: Dennis Prager said: "I am so committed to always telling the truth to the best of my human ability, when I receive scripts from sponsors, if there is something in there that isn't true, and there almost always is, I omit it."<\/p>\n

Six minutes later, he read this ad: "Focus & Recall is not a pill. It is a patent-pending gell with ultra-absorption of science-backed ingredients to help you immediately sharpen focus, concentrate longer and strengthen recall. Super charge your brain and see the difference. Go to healthycell.com. Use the limited time code Prager for 20% off your first order, risk free."<\/p>\n

Eighteen minutes later, Julie read an ad for Lear Capital, a major sponsor of the Dennis Prager show. “We’ve all got to find a way to protect our finances in retirement. One way to do this is to invest in gold. You should consider adding Lear Capital to your retirement as we are all looking for stable investments. Did you know that you can add real gold and silver into your 401K and IRA? …What I love most about Lear Capital is that they are an American-owned company proud to do business with Americans that share our conservative values.”<\/p>\n

July 25, 2023<\/a>, the Washington Post reported: <\/p>\n

How right-wing news powers the \u2018gold IRA\u2019 industry<\/p>\n

Ads for gold coins have become a mainstay on Fox News, Newsmax and other conservative outlets, even as regulators have accused some companies of defrauding elderly clients.<\/p>\n

Dedicated viewers of Fox News are likely familiar with Lear Capital, a Los Angeles company that sells gold and silver coins. In recent years, the company\u2019s ads have been a constant presence on Fox airwaves, warning viewers to protect their retirement savings from a looming \u201cpension crisis\u201d and \u201cdollar collapse.\u201d<\/p>\n

One such ad caught the attention of Terry White, a disabled retiree from New York. In 2018, White invested $174,000 in the coins, according to a lawsuit by the New York attorney general \u2014 only to later learn that Lear charged a 33 percent commission.<\/p>\n

Over several transactions, White, 70, lost nearly $80,000, putting an \u201cenormous strain\u201d on his finances, said his wife, Jeanne, who blames Fox for their predicament: \u201cThey\u2019re negligent,\u201d she said. A regretful White said he thought Fox \u201cwouldn\u2019t take a commercial like that unless it was legitimate.\u201d<\/p>\n

While the legitimacy of the gold retirement investment industry is the subject of numerous lawsuits \u2014 including allegations of fraud by federal and state regulators against Lear and other companies \u2014 its advertising has become a mainstay of right-wing media. The industry spends millions of dollars a year to reach viewers of Fox, Newsmax and other conservative outlets, according to a Washington Post analysis of ad data and financial records, as well as interviews with industry insiders. Former Fox News host Bill O\u2019Reilly and former New York mayor Rudy Giuliani have promoted the coins, while ads for Lear\u2019s competitors have appeared on a podcast hosted by Sen. Ted Cruz (R-Tex.) and Newsmax broadcasts of former president Donald Trump\u2019s political rallies.<\/p>\n

An analysis by The Post of political newsletters, social media, podcasts and a national database of television ads collected by the company AdImpact found that pitches to invest in gold coins are a daily presence in media that caters to a right-wing audience and often echo conservative talking points about looming economic and societal collapse. The Post found no similar ads for gold retirement investments in mainstream or left-wing media sources in the databases…<\/p>\n

Fox is a logical place for Lear to advertise because \u201cpurchasing physical assets appeals to persons who have concerns regarding \u2026 topics often discussed on that platform,\u201d Williams said. She added: \u201cU. S. monetary policy is inseparable from U.S. political dynamics and themes.\u201d<\/p>\n

For years, gold IRA industry advertising has echoed accusations against Democratic politicians commonly found in news segments on conservative outlets. The ads tout the coins as a safe haven from economic uncertainty and social upheaval…<\/p>\n

With the exclusive coins, Millman said, \u201cThey\u2019re simply torching money.\u201d<\/p>\n

\u201cNo one in their right mind would pay the premiums that these guys are charging,\u201d added Ken Lewis, CEO of online coin dealer Apmex, who reviewed several customer invoices at The Post\u2019s request.<\/p>\n

The ads explain none of that. Instead, they focus on news events, such as a spate of recent bank failures and \u201ceverything that\u2019s happening in the economy right now \u2026 with all the talk of inflation,\u201d Rotunda said.<\/p>\n

For example, an email ad for Augusta, sent to a Newsmax mailing list last July, warned that \u201cThe Biden administration\u2019s economic policies are \u2018declaring war\u2019 on retirement savers.\u201d In December, American Hartford Gold Group sent an email ad with the subject line: \u201cBill O\u2019Reilly Warns: Retirement Funds at Risk From a Biden Recession.\u201d <\/p>\n

Another ad for Hartford sent to the Newsmax mailing list in March warned of \u201cBiden and Yellen\u2019s Secret Plan to Steal your Hard-Earned Money and Bail Out Their Wall Street Buddies.\u201d<\/p>\n

…Two media dealmakers who have been involved in negotiations between conservative media figures and the gold IRA industry said revenue from the companies can amount to as much as 10 percent of total earnings for some personalities.<\/p>\n

…Lear recently exited bankruptcy reorganization after resolving investigations from dozens of states.<\/p>\n<\/blockquote>\n","protected":false},"excerpt":{"rendered":"

On his Youtube show with Julie Hartman Nov. 21, 2022: Dennis Prager said: "I am so committed to always telling the truth to the best of my human ability, when I receive scripts from sponsors, if there is something in … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-149353","post","type-post","status-publish","format-standard","hentry","category-dennis-prager"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/149353","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=149353"}],"version-history":[{"count":1,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/149353\/revisions"}],"predecessor-version":[{"id":149354,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=\/wp\/v2\/posts\/149353\/revisions\/149354"}],"wp:attachment":[{"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=149353"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=149353"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lukeford.net\/blog\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=149353"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}