Sandy’s escapade brings home the reality that stories about criminal financial planners aren’t confined to only those that are flashy headline-grabbers. And the amount money doesn’t need to be in the hundreds of millions. If an investor of modest means writes a check to an unscrupulous financial advisor for ten thousand dollars and they lose that money because of the planner’s criminal behavior, then that’s a big deal. The betrayal and damages are the same. Whether it’s a million or a thousand, the criminal behavior is equally devastating. The victims invested with trust, and the amount they could afford. And when their investment goes up in smoke, the experience hurts them both financially and emotionally. Because of their criminal planner, they also lost precious time.
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