Right-wing commentator Herman Cain, who is reportedly being considered for a Federal Reserve seat, has spent years pushing scammy financial emails to his mailing list. Those sponsored emails touted a “weird trick” that supposedly “adds up to $1,000 a month to Social Security checks”; advice on “the best place to hide your money”; and financial trades that could “turn $1,000 into $1.6 million.”
.. After dropping his 2012 presidential bid, Cain profited off his email list of supporters by sending sponsored content. (Those emails contained the following disclaimer at the end: “The sender of this email may receive compensation for the advertising contained in this message. Any products or services offered by sponsors or advertisers have not been evaluated by Herman Cain and as such no warranty or claims are made.”)
.. Cain sent a sponsored email from Agora Financial suggesting that Americans could piggyback “onto ‘Canadian Social Security’” and collect “extra benefit checks between $400 and $4,700 every month.” CNBC criticized Agora Financial for the ad, stating: “There’s only one problem: that’s not the way it works, according to authorities.” Mother Jones’ Tim Murphy reported that “Agora and its subsidiaries have been accused of crossing the line between aggressive salesmanship and deception.”