Do Not Blame Yourself
Don’t be angry at yourself, be angry at the fraudster.
Building Your Case Against The Bank
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.
Bankruptcy Fraud Can Lead to Prison and Significant Financial Penalties
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.
Confirming your Financial Advisor
When choosing your financial advisor, ensure that he or she has a custodian.