"A man who built a multimillion-dollar empire with a motivational mantra that teaches people to create wealth contends he's broke and cannot post bond in a criminal case that threatens the survival of his self-help business.
James Arthur Ray was charged earlier this month with three counts of manslaughter stemming from the deaths of three people following a sweat lodge ceremony he led last year in Arizona. His bond has been set at $5 million, a figure his attorneys say is 'excessive and oppressive.'
'Despite misconceptions perpetrated in the media, Mr. Ray is not a man of significant assets and certainly not the millions reported in the press,' his attorneys wrote in documents obtained by The Associated Press from the court. The documents are now officially sealed.
Ray himself has touted his wealth and success in numerous media interviews and on his Web site, including an estimated $10 million in revenue in 2009 and a seven-figure advance for his book, 'Harmonic Wealth' that hit the New York Times Best Sellers List in May 2008.
He told 'Fortune Magazine' for an April 2008 article that his financial goal was $21 million a year and that he was sure there were limits, but 'I am not aware of them.'"
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Felicia Fonseca, on the main lie Oprah's pal was pushing - that he knew how to make money without having NewAge idiots giving it to him - which really is
The Secret of cultism, but not
The Washington Post.
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