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Senior Alerts

Seniors Should Look Cautiously at Website Promising Millions for Retirement

Seniors now the target of one of America's best known promoters

By Tucker Sutherland, editor

Jan. 26, 2006 – We probably would just ignore Matthew Lesko, although he is a senior citizen, but now the super-sized promoter is taking dead aim at fellow senior citizens with a new by-subscription-only Website that is enticing older Americans with a promise to reveal 10,000 retirement benefits worth $890 million dollars.

When we first received the news release about the new site, I thought "Hey, this is really a neat service for seniors." Then I took a look at the site and an alarm bell went off when I realized the only way to view any of the information was to pay a subscription fee.

The new site is named American Benefits for Retirement and it offers financial opportunities "for the retirement of a lifetime!" But, if you go to the site, you are not going to learn anything without sending money to Lesko – "site unseen."

The site lists "10,000 Government Retirement Programs Uncle Sam Won’t Tell You About," says the announcement news release. And that is the message he has been selling for years in over a hundred books.

He has used every means available to promote these books and is probably best know for the infomercials that show him bouncing around Washington in one bizarre outfit after another.

The Infomercial Review says, "One message board wit described Matthew Lesko as 'a libertarian fashion designer's nightmare' - and that has to be the most perfect description of the man and his works. Sporting the wardrobe of the Riddler and the charm of Urkel, Matt Lesko promises to reveal the secrets of how to snatch money from the government.

"With his incessantly enthusiastic shouting, horn-rimmed glasses, questionable wardrobe, and flailing body motions, Lesko would seem to have few rivals who could match him for sheer obnoxiousness. Yet, incredibly, this infomercial introduces a being nearly as disturbing as Matt Lesko himself." Read the rest of the story – click.

Lesko has also brought his wild promotion to the Web before with - http://www.governmentgrant.com/ - that promotes and sells his books. He also has these Web sites that do the same - http://www.matthewlesko.com/, http://www.matthew-lesko.com/, http://www.thefishfinder.com/lesko/lesko.htm and probably a few we did not find.

The new pay-before-you-see-it site aimed at senior citizens is at www.retirementbenefits4u.com.

Here is more of the promotion hype:

"This site can possibly soften the blow of the impending 'Baby Boomer Retirement Crisis' by showing seniors how to gain additional financial resources to supplement retirement savings. American Benefits for Retirement shows grants, loans, services, gifts, and professional expertise that are available to seniors.

"Benefits start at age 40 and are available to those with incomes up to $150,000. Subscribers have access to updated databases of all government retirement programs.

"The site has a free newsletter, staff to help seniors fill out applications, and Lesko personally answers questions."

But if seniors want to see any of this they have to pay Lesko a $14.95 monthly membership, plus a one time $29.95 initiation fee. But, membership is billed monthly and cancelable at any time with 30 days notice. There are discounts available if you join for longer periods of time.

Wikepdiea.org, the free encyclopedia says about Lesko:

"Matthew Lesko (born 1943) is an American author and late-night television personality who has made a living telling people about how to get "free" money from the United States Government. He is popularly known as "that question mark guy" for the Riddler-like suit that he wears in his television commercials, infomercials, and interviews.

"Lesko lives in Kensington, Maryland with his wife Wendy Schaetzel Lesko and their two sons, Max and Morgan. He grew up in Wilkes-Barre, Pennsylvania. Lesko received his undergraduate degree from Marquette University in Milwaukee, then went to Vietnam as a navigator for the U.S. Navy. When Lesko returned he earned a master's degree in computer science from American University in Washington D.C.. He has claimed to be a columnist for The New York Times and to have researched government grants for over 25 years.

"Lesko is best known for his wardrobe, specifically his colorful suit decorated with question marks. Lesko's appearances, hawking a chance at government grant money wearing the flamboyant outfit, has been described by one commentator as "a libertarian fashion designer's nightmare".

"Lesko is named as number 99 in Bernard Goldberg's book, 100 People Who Are Screwing Up America.

"Critics believe that Lesko deliberately misleads those who buy his book. Some of the grants that Lesko's books mention are actually public assistance programs that many people are not eligible for. The New York Times criticize him for making the false statement that he was a columnist for the newspaper.

"Some people called him a con artist with his get-rich-quick schemes. He defends himself by pointing out that most people do not know of these programs, or how to use them, and he is only trying to help the disadvantaged get the money they need, money which typically sits unused."

Read more on Wikepdiea.org by clicking here.

Matthew Lesko has published over 100 books. He claims he has had two New York Times best-sellers and two national best sellers. His stage antics, as well as his sound consumer advice, has earned him appearances on Larry King Live, Good Morning America, The Oprah Winfrey Show, Jay Leno, Letterman and The Today Show. Lesko says he is also a former syndicated consumer columnist for Good Housekeeping, The New York Times Syndicate and The Chicago Tribune.

And people sometimes do take him seriously, like the Harvard Business School, which ran an article, "Mr. Info: Take the Money—It's Free!" in the April 26, 2004 issue of their Working Knowledge series. Lesko had been invited to speak to the business school students.

Wendy Guild Swearingen wrote:

"There was no mistaking the enthusiasm Lesko has for his product. So, what exactly is Matthew Lesko selling to his bleary-eyed public? For starters, his enormous (as in 1,100 pages), best-selling 2002 book, Free Money to Change Your Life. He has more than fifty books, e-Books, and CDs to his credit, among them Free Legal Help, Free Health Care, Free Stuff for Seniors, and Gobs and Gobs of Free Stuff. Are we seeing a pattern here? But what Lesko is really selling is a chance for his readers to improve their lives."

"Lesko has a unique writing process: plagiarism. It turns out, he says, that in the government, nothing is copyrighted. He simply cut and pasted text from government publications for his first New York Times bestseller, and has been "writing" that way ever since. His description might be a little breezy, however. The real value Lesko adds is in his rigorous and tireless research efforts, as well as the extremely logical and helpful organization of the material."

But all reporters are not that kind to Lesko. This is part of a report from CBS6 in Albany, New York, that ran in December 15, 2004.

"Matthew Lesko: Selling a Scam?

"He dresses up in, well, interesting outfits — and jumps around promising you free money from Uncle Sam.  But New York State's consumer watchdog says watch out for author Matthew Lesko:

"…The CPB's report on Lesko says his book of "government grants" are really entitlement programs like Medicaid, Medicare and food stamps!

"Jon Sorensen/Consumer Protection Board says 'He's misleading...exaggerating the truth of things...allowing others to rip people off.'

Sorensen says Lesko sells lists of people who buy his book to scam artists who call them promising "government grants" over the phone. That's a scam…"

I don't know if his new senior Website is a scam, but I sure think any senior citizen is putting their money at risk to try it.

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