Matt Badiali and his Freedom Checks has been stirring up confusion and conversations about its nature. In the Release Fact website, a recent article posted on May 4th by Amanda Peters is helping to clarify this debate and showing some light the illusive man behind these Freedom Checks.
In the Banyan Hill Publishing’s newsletter, Matt Badiali was presented to the public holding a very large check replicating a tax refund check in a large amount of $114,287. The context explaining what the check is was as confusing and left some thinking it must be a scam or a get-rich-quick-scheme while others must have taken out their credit cards and were ready to purchase. Read this article at Money Morning.
The man behind it all is Matt Badiali, a Geologist and a Senior Analyst at Banyan Hill Publishing. He has a bachelor’s degree in Earth Sciences/Geosciences from Penn State and a Master’s in Geology/Earth Science from Florida Atlantic University. Matt was hired for his expertise as a Geologist by a financial investor which led him traveling the world investigating and interviewing many company heads in the mining and energy industries. His job was to investigate these companies to authenticate and give supporting analysis if such companies physical sites allied with their financial statements.
While conducting these investigations, Matt identified a commonality of investors receiving large tax-free dividends paid by MLP (Master Limited Partnership). These dividends are what Matt coined as “Freedom Checks”, legally paid out to investors through an enactment in 1987 by Congress called Statute 26-F.
For companies to receive the benefit of Statute 26-F they must first be in the mining, energy, gas or oil industry in the United States and 90% of their revenues must come from what they produce, store and transport. Second, they must payout these dividends annually for them to receive the benefit of not paying federal taxes.
Matt was pitching was an investment program through Banyan Hill Publishing and subscriptions to his newsletter, The Real Wealth Strategist, where he shares his extensive investigations of these companies. For companies to pay these substantial amounts of checks, he has three criteria’s he looks for:
1) Must have a liquid asset of over $1 billion
2) Must have a history of consistent payout of dividends “Freedom Checks”
3) Must provide shareholders proof of company’s sustainability and viability
Many people may have bypassed this opportunity due to the exaggerated advertisement campaign, but as Peters mentioned, just because it seemed extra-exciting does not mean it is not a good opportunity. Check: http://releasefact.com/2018/03/can-matt-badialis-freedom-checks/