Jad Morris of Arizona was Fined $4 Mil. Now He Is Trying to Hide it All

Originally Syndicated on April 24, 2024 @ 6:54 am

In this article, we’re looking at Jad Morris from Arizona. He is the founder of Ascended Wealth Creations and claims to be a leading entrepreneur.

I came across him after someone sent me a long list of his PR articles. It was puzzling to see a random entrepreneur run such a long PR campaign so dug a little deeper and that’s when I found out that Jad Morris isn’t that good of a person.

Apparently, he was involved in a major scam and even faced stringent action from the Arizona Corporation Commission for his alleged illegal activities.

Was Jad Morris of Arizona Involved in Securities Fraud?

Jad Morris from Arizona has been embroiled in significant controversies related to securities fraud and a call center scheme, resulting in substantial financial penalties and legal actions against him. Here’s a detailed overview of the controversies surrounding Jad Morris:

1. Securities Fraud and Unlawful Investments: The Arizona Corporation Commission’s Securities Division issued an order against Jad Morris, a Peoria man, for selling unlawful investments. This action was taken to prevent further illegal activities related to securities.
2. Call Center Scheme and Financial Penalty: Morris was ordered to pay $4 million for his involvement in a call center scheme. This scheme was scrutinized by the Arizona Corporation Commission, which concluded that Morris had engaged in deceptive practices. The scheme involved selling investments for a call center that purportedly would find customers to place in the investors’ downlines for multi-level marketing companies.
3. Public Warning and Investor Caution: Following the legal actions and the imposition of the financial penalty, the Arizona Corporation Commission took to social media to warn investors and the public about engaging with or investing in schemes similar to those associated with Jad Morris. This was part of their effort to protect consumers and maintain the integrity of the investment environment.
4. Business Profile Concerns: IQBiz Financial LLC, associated with Jad Morris, has a profile on the Better Business Bureau (BBB) website, indicating potential concerns or controversies related to financial consulting services. This suggests that Morris’s activities might have extended beyond the specific call center scheme, potentially affecting more aspects of financial consulting or investment services.
5. Legal Proceedings: There were legal proceedings involving the City of Phoenix versus Jad Morris, indicating that Morris’s controversial activities might have attracted legal scrutiny beyond the securities fraud and call center scheme. However, the specific details of this case were not provided in the sources.

In summary, Jad Morris faced serious controversies for his involvement in a fraudulent call center scheme, leading to a significant financial penalty and legal action. These controversies highlight issues of securities fraud, deceptive investment practices, and the broader implications for investors and the regulatory environment in Arizona.

Facing multiple legal proceedings for engaging in financial fraud isn’t a good sign. One thing is clear, Jad Morris is NOT an influential entrepreneur. Instead, he is an ex-fraud who is now resorting to another unethical tactic to clear his name.

How Jad Morris is Using a Reputation Clean-Up to Hide Details of His Previous Fraud

When you search “Jad Morris” on Google, you’ll come across a long list of articles praising him. While he ended up paying $ 4 million in fines, it’s unclear what his future plans are.

However, to ensure that nobody associates him with his past scams, he has started engaging in what journalists call “Reputation Laundering. Let me explain what reputation laundering is and why it’s dangerous.

Reputation laundering refers to the deliberate actions used to enhance the public perception of an organization, typically following negative events or crises. Although it may encompass acceptable public relations endeavors, it occasionally entails unethical tactics such as manipulating the media, making deceptive public comments, or suppressing dissenting voices.

This can erode trust and transparency since the genuine essence of the entity’s activities or character remains unacknowledged. Ethical issues arise when these techniques manipulate public opinion and impede accountability. In the end, reputation laundering may give more importance to a surface image rather than actual integrity, which might deceive stakeholders and the general public about the underlying values and behaviors of the company.

Why Reputation Laundering is Harmful for Everyone

Reputation laundering is considered harmful for several reasons, primarily because it involves deceptive practices that can undermine public trust and mask unethical or illegal activities. Here are the key reasons why reputation laundering is viewed negatively:

1. Concealment of Unethical or Illegal Activities: Reputation laundering often involves hiding past or ongoing unethical, corrupt, or criminal behavior. This deception prevents the public and relevant authorities from seeing the true nature of the person or organization involved, allowing harmful practices to continue unchecked.
2. Manipulation of Public Perception: By engaging in reputation laundering, entities manipulate public perception to appear more respectable or trustworthy than they actually are. This manipulation can mislead stakeholders, including customers, investors, and regulators, leading to misinformed decisions and misplaced trust.
3. Undermining of Genuine Social Responsibility Efforts: When organizations engage in reputation laundering by making high-profile donations or sponsoring events, it can cast doubt on the sincerity of similar actions by other organizations. This skepticism can undermine the credibility of genuine corporate social responsibility initiatives.
4. Erosion of Trust in Institutions: Reputation laundering can erode trust in the institutions associated with it. For example, if educational or cultural institutions accept donations from sources involved in reputation laundering, it can tarnish their reputation and integrity, leading to a loss of public confidence in these institutions.
5. Distortion of Markets and Policy: Entities involved in reputation laundering can gain undue influence over markets and public policy. By presenting a laundered image, they may secure favorable regulations or market positions that they would not have obtained had their true nature been known. This can distort market competition and policy-making processes, leading to inefficiencies and injustices.
6. Global Impact on Rule of Law and Democracy: On a larger scale, reputation laundering can have international ramifications by enabling corrupt or authoritarian regimes to gain legitimacy and influence globally. This can weaken the rule of law and democratic norms, particularly in open societies where these entities operate and invest.

Overall, reputation laundering is detrimental because it promotes a culture of dishonesty and manipulation, allowing harmful actors to thrive and potentially causing widespread social, economic, and political harm.

Reputation laundering is relatively common among scammers and criminals such as Chris Hattingh.

However, seeing the professional history of Jad Morris, I’m not surprised to see him resort to such a thing.

Conclusion: What Should Happen Next?

Considering Jad Morris was fined $4 million, I’m guessing the number of his scam victims must be in the hundreds. That’s a very sad thing.

Furthermore, with the way his marketers are cleaning up his reputation, I’m confident that in a few weeks, there won’t be any evidence left of his past illicit activities.

I know this article won’t do much by itself but if you share it with others or add a post about him on your own social media then maybe, his reputation-laundering efforts wouldn’t work.

This way, you can do justice to the victims of IQBiz Financial.

What are your thoughts on Jad Morris? Let me know in the comments below!