Comment on Forbes' kiss of death
supercriticalcheese@lemmy.world 10 months agoCalling using client funds as collateral for risky investments (over and over again) as poor risk management it is a bit of an understatement.
Comment on Forbes' kiss of death
supercriticalcheese@lemmy.world 10 months agoCalling using client funds as collateral for risky investments (over and over again) as poor risk management it is a bit of an understatement.
AlmightySnoo@lemmy.world 10 months ago
It wasn’t technically illegal nor was it fraud since it had an exemption from the Volcker Rule you’re referring to.
JohnDClay@sh.itjust.works 10 months ago
It’s illegal to misrepresent what you are using your clients funds for, as was proved in court.
AlmightySnoo@lemmy.world 10 months ago
it doesn’t help that they were both featured on Forbes 😅
psycho_driver@lemmy.world 10 months ago
All they needed to do was put “Hookers and blow on yachts” in really, really small print somewhere.