Here's yet another example (besides Madoff) of an IAR who ripped off his clients:
http://ift.tt/2wbuogs
[quote]Using fake persona, advisor defrauds pro athlete and his wife of $1.2M: SEC
Using a fake persona and misleading reports, an advisor pocketed nearly $1 million in fraudulent fees by secretly billing a professional athlete and his wife more than a promised discounted rate, the SEC alleges.
Jeremy Joseph Drake charged 100 basis points after promising his clients a cut-rate “VIP
Source of insurance-forums.net
http://ift.tt/2wbuogs
[quote]Using fake persona, advisor defrauds pro athlete and his wife of $1.2M: SEC
Using a fake persona and misleading reports, an advisor pocketed nearly $1 million in fraudulent fees by secretly billing a professional athlete and his wife more than a promised discounted rate, the SEC alleges.
Jeremy Joseph Drake charged 100 basis points after promising his clients a cut-rate “VIP
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