Don’t be angry at yourself, be angry at the fraudster.
We’ve previously written about banks and Ponzi schemes and potential liability for aiding and abetting. Now let’s assume a lawsuit has been filed. Banks have a treasure trove of information readily available to them. Because the government requires it.
Intentionally abusing the United States bankruptcy system is a crime punishable by a fine of up to $250,000.00 and five years in prison.
When choosing your financial advisor, ensure that he or she has a custodian.
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