Stansberry vehemently objected to the SEC complaint and the subsequent judicial findings, claiming that his First Amendment rights as a publisher were infringed upon.
Stansberry's other forays into questionable marketing practices include a 2003 pitch to subscribers that said investing in VaxGen, a company behind an unproven AIDS vaccine, was "the only realistic chance to make 50 times your money in the short term." A spokesman for the company described "the tone and manner" of Stansberry's advice as "very objectionable."
More recently, ads touting Stansberry's ability to predict forthcoming economic calamities blanketed cable TV, telling viewers to visit a website called NewAmerica3.com. A spokesperson for one major TV news channel said in 2011 that the ads were not sold internally, and were almost certainly distributed over ad networks. Individual channels have the ability to block these ads, the spokesperson said, but declined to speculate about why the channel continued to run them.
It's unclear how large a megaphone Stansberry will use to broadcast his latest prediction. He did not respond to a request for comment.
If the Obama third term ads are broadcast on TV, they are bound to enrage some viewers and confuse or frighten others. One Florida resident received the pitch via E-mail, telling U.S. News they were "astonished, hurt and disgusted at this rant," describing the content as "bordering on treasonous libel."
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Steven Nelson writes for U.S. News & World Report. Follow him on Twitter.