Mr. Bone is on this list for one simple reason. He bought items from The Wealth Preservation Institute that cost in excess of $2,000; he used these items for his own benefit for in excess of 12 months and then refused to pay his bill.
Repeated attempt to collect this debt have been made and Mr. Bone has avoided every attempt to pay his bill.
Any advisor who buys goods or items for an amount that in many states would be a felony if not paid for is certainly worthy of the title “bad advisor.”
For a definition of what a bad advisor is, please see my book Bad Advisors: How to Identify Them; How to Avoid Them.