4min chapter

Swindled cover image

73. The Salesman (William J. McCorkle)

Swindled

CHAPTER

The Charles J Gibbons Organization

In the early nineties, the gibbons organization became the target of dozens of lawsuits and investigations by government agencies. Most complaints stimmed from dissatisfied customers who were unable to obtain a refund as guaranteed. The company settled with tens of thousands of disgruntled customers as part of a class action lawsuit. When charles j Gibbons died from prostate cancer in 19 98 at the age of 57, the master of money had two point eight million dollars in traceable assets, and he had 86 million dollars in debt. In his book, gibbons lectures that uninsured motorist insurance is insurance that you do not need. He claims, its high priced duplicate coverage that's already included your existing life, disability and

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