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New Book for Lawyers & Their Clients: “The Discerning Investor” Shows Lawyers How to Avoid “Trial & Error” in Retirement

New Book for Lawyers & Their Clients: “The Discerning Investor” Shows Lawyers How to Avoid “Trial & Error” in Retirement

A pyramid scheme is a type of investing fraud that relies on the continual recruitment of new distributors to sustain itself.

That b of a, morgan stanley, and citi group have all stopped doing business with hna because the know your customer rule, when investment banks start saying they dont want to do business with a customer or a client because of the know your customer rule, you know theres something up. and this is not necessarily a done deal. i mean, maybe andrew knows something i dont, he probably does. theres a lot i dont know. >> i agree with you. >> but i think this is not as slam dunk as you might think. >> i...

This poster child of the issue, were you surprised to see his name in the current headlines? >> well, i was, but you have to understand the nature of the investigation the gao did for senator levin. we were looking at money going from eastern europe to the united states, back to eastern europe and individuals names did not appear that that report. i refamiliarized myself with the report. corporations did. bank institutions did. but the fact is, is what gao found was the know your customer rule c...

Other illegal activities, and there are various banking laws that, among other things, the know your customer rule, where banks are supposed to do reasonable due diligence to understand whose account it is, where they get their money, what type of business activities that theyre engaged in, in order to try to provide reasonable but not absolute assurance that fake accounts arent being set up for the purpose of money laundering. and in this particular case, there were two u.s. corporations, euro-...

And i know this individual kaveladze wasnt specifically prosecuted or blamed but we know now that this kaveladze was this previous previously eighth unidentified person in this meeting at trump tower, including the presidents son and key campaign leadership and this russian attorney, so do you find it concerning, just given all your knowledge of these schemes, you know, just to know that this individual had a seat in that room? >> well, i dont know this individual. i dont know what role that ind...