Stanford Arrested
Allen Stanford was arrested shortly after being indicted.
Had anyone done a full-on fiduciary review, they could have gone a long way to side-stepping the Madoff and Stanford crimes. In Madoff’s case, there was no transparency: Madoff was the Investment Advisor, the Broker/Dealer, and the custodian of the client funds.
You couldn’t have stopped the crime from happening, but you could have avoided being a victim.
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