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From 1998 to 2006, Phipps received more than $25 million from the more than 30,000 participants in the “Life Without Debt,” pyramid scheme he ran. More than 90 percent of those participants lost their money. The Court will issue the restitution order at a later date.
- James Ray Phipps remanded to federal custody after violating ...
If convicted, Phipps faces a maximum statutory sentence of...
- James Ray Phipps Ran “Life Without Debt” Ponzi Scheme
James Ray Phipps appeared yesterday in federal court in...
- James Ray Phipps remanded to federal custody after violating ...
Mar 7, 2008 · On May 4, a jury convicted him on 19 counts of mail and wire fraud, money laundering and tax evasion spiraling out of a multilevel marketing program called Life Without Debt. Phipps operated...
If convicted, Phipps faces a maximum statutory sentence of hundreds of years imprisonment, millions of dollars in fines and restitution to the victims of his crimes. Phipps ran a pyramid scheme known as “Life Without Debt,” from June 1996 through June 2006, according to the indictment.
James Ray Phipps appeared yesterday in federal court in Birmingham, Alabama, where a United States Magistrate Judge detained him pending a detention hearing set for tomorrow, Thursday, April 20. Phipps, who ran “Life Without Debt” from an office in Colleyville, Texas, is charged with three counts of mail fraud, one count of wire fraud, 13 ...
Recent release “The First National Tee-Party Candidate: Thrown into Prison for Speaking Out,” from Newman Springs Publishing author James Ray Phipps, is a stirring memoir of the ways in which...
Jan 1, 1995 · Life Without Debt gives you the tools you need to survive in this credit-oriented and debt-plagued society. In his latest book about breaking free from the cycle of debt and despair, best-selling author, Bob Hammond, teaches you the philosophy of "debt-free living".
- Bob Hammond
Greetings: My name is James Ray Phipps. I am the founder of Life Without Debt, a privately funded and promoted financial awareness educational program designed exclusively for low income and middle class Americans. This course will start with a poem titled "The Village of Anything Is Possible.
