When it comes to money, we’re ripe for the plucking.
But it’s OK, because they also know it won’t happen to them.
Logically, it can’t always be somebody else. But people are suckers for an engaging personality, some plausible patter, or a shoeshine and a smile. It’s not how we rationally should seek advice, but it is. From 2014 until earlier this year he raised somewhere between $19 million and $29 million, the SEC says. Today: There’s just $821,951 left.Financial planners who are accused of fraud are reasonably rare. But as Personal Capital’s survey shows, many Americans are oblivious to other, perfectly legal ways some in the industry may be taking them for a ride.
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