About Charles Givens
Charles J. Givens is one of the original financial gurus seen in book stores and on late night infomercials. His death in the late nineties, at the age of 57, left a lot of unanswered questions about his books, business, and courses.
Throughout his lifetime Charles Givens wrote three best selling books including, Wealth Without Risk, Financial Self-Defense, and More Wealth Without Risk. Much like all his financial advice these had mixed reviews with critics claiming that his strategies were too risky and at times simplistic and proponents saying that his advice has helped them.
Charles Givens was known for his lavish lifestyle and was known for arriving to seminars in a chauffeured white and gold limousine. Under the mantra be all you can be he charged people almost one thousand dollars to attend his seminars.
Eventually Charles Givens' companies and products became the targets of lawsuits and criminal investigations. These were centered around false profit claims and the refund policy attached to his materials.
One of the most damaging of these cases was in California where a jury convicted Charles Givens of consumer fraud. The court concluded that he misrepresented the effectiveness of his strategies to almost 30,000 people and was ordered to pay $14 million in refunds.
The prosecuting attorney came to the obvious conclusion that Charles Givens was making the majority of his money selling his courses. The crime being that his financial strategies themselves don't produce income like he said, and that his wealth was derived from people's hard earned money.
This court case forced Charles Givens' company to file for bankruptcy and he eventually lost control of his business in 97.
14 ‘Charles Givens’ Reviews
I found this site actually looking to find Mr. Givens and just found here that he had passed. What a difference he made in my life. 22 years ago I stumbled on "Wealth Without Risk," and found the book to be fascinating. My brother-in-law and I employed the wealth building techniques by building rental properties and we became multi- millionaires because of it. I paid for the services and seminars back in the day. Some were helpful, others not so much; but I can truly say that book changed my life. Others like Robert Kyosaki stepped in to fill the void in later years with similar type advice. But he was the first for me. Thanks Charles, and rest in peace.
Well, lets take a fast look at the suit. A guy goes out doing the Givens thing and cancels his whole life insurance, but doesn't get the term life insurance as recommended. His estate sues Charles Givens because the decedent didn't complete the task. I call that failure to stand to your responsibilities. So a money grubbing lawyer comes along and says I can shift the liability to Givens and collect big. He who blames others for his own situation without proof has a serious problem.
I should state that for the cost of joing Charles J.'s organization for less than $400, the life my wife and I have led since that day in 1992 would have been impossible without believing in and applying as many of his techniques as possible. Charles was long away from making ALL of the personal appearances to get new members when we joined in 1992, but the strategies were all his and we (two public school teachers making < $40,000 combined at the time) started implementing the 30-day Quick Start the evening we got back from the seminar by filling out the Dreams List. I think we had 15 dreams, which must not have been enough or very "dream-like" because the financial, travel, and security parts of those dreams were ALL accomplished within 6 or 7 years as I remember. (We had the Quick-Start Booklet up until about 5 years ago, and we kind of teared up re-reading it as the only thing Charles J. couldn't help us do was slow down the passing of time.
Without going into much more detail, 20 years gone I can still remember some of the things we did. 1) Since 1992 we have never paid for "Medical Coverage" on our auto insurance--realizing that with our regular health insurance, adding and paying for medical claims on car insurance was a duplication of efforts. 2) We got two credit cards at the time from his list including a low-interest one with Wachovia and as directed one with higher limit (38,500 in 1992) from MBNa--subsequently bought out by Bank of America and is our only credit card to this day. 3) Obviously we bought Real Estate using the Givens "Other Peoples Money strategies, often getting $3000-$7000 back at closing. At one point we owned 26 single family houses, which rather than renting out, we sold on Contract for Deeds with 2-year Balloon paymenst as per one of CJG's strategies.
Our own bit of good luck had us out of all but 2 properties by the summer of 2005.
There is rarely a week that still goes by 20 years later when my wife and I don't say something aloud that a Givens' influence is recognizable.
So Charles, rest easy, my man.
He An amazing man, changed my life for the better.
I read all his books and paid to take his course in the 80's. I was forever changed both mentally and financially. I retired at 40 yrs old and continue to use his materials today. I invested in stocks, real estate and used most of his principals. If a person couldn't make it using his materials, then they probably can't make it using anyones. He gave you the info, you had to apply yourself to make them useful.