Another Ponzi scheme was just been disclosed. This time, it was in my home town of Virginia Beach. While it was relatively small, less than $5 million, it is a very big problem for the poor investors.
Many investors feel they have no way to protect themselves from a Ponzi scheme, but they do! Find out who their custodian is, simple as that.
The custodian actually holds your money and sends you monthly reports. Your financial advisor should NOT hold your money nor send you monthly reports.
If your financial advisor does not have a custodian for YOUR assets, then you should assume he is a crook until proven otherwise.
