I read a book once about the inner workings of Wall Street. I don’t really like to talk about it—I still get a little nauseous when I think about it. Yechh. One of the most memorable bits, though, was an interview with an investment banker who said, with a total lack of irony, “What good does it do me to make ten million if the guy down the hall is making twenty?” When the author said, “Well…okay, but when is it enough?” the guy looked at him like he’d just grown a second head. “Enough? It’s never enough.” That...
I read a book once about the inner workings of Wall Street. I don’t really like to talk about it—I still get a little nauseous when I think about it. Yechh. One of the most memorable bits, though, was an interview with an investment banker who said, with a total lack of irony, “What good does it do me to make ten million if the guy down the hall is making twenty?” When the author said, “Well…okay, but when is it enough?” the guy looked at him like he’d just grown a second head. “Enough? It’s never enough.” That right there, campers, is the engine that drives some of the worst stuff in the world. And there’s no shortage of assholes in the clown car—some of whom are more than willing to resort to fraud to get there. Join us for the story of Dawn Bennett, a woman who rose to fame as one of the "best" financial advisors in the country, then crashed and burned spectacularly, despite her efforts to put curses on the SEC agents coming after her for fraud. Yeah, you read that right: Curses.
Sources:
CNBC's "American Greed," episode "The Luxury Curse Scam"
https://www.cbsnews.com/news/dawn-bennett-ponzi-scheme-suspect-paid-720k-for-prayers-by-hindu-priests-in-india/
https://www.forbes.com/sites/sarahhansen/2019/10/04/when-a-financial-advisor-turned-to-hoodoo-spells/?sh=514afa3146bb
https://www.washingtonpost.com/business/capitalbusiness/dj-bennett-brings-luxury-to-sporting-goods/2012/12/23/3c9a365e-43cc-11e2-8061-253bccfc7532_story.html
https://www.justice.gov/usao-md/pr/former-financial-advisor-sentenced-20-years-federal-prison-her-conviction-17-federal
https://www.baltimoresun.com/news/crime/bs-md-cr-maryland-investment-adviser-sentenced-0801-20190801-ueewer72wnglvdpwimudumebje-story.html
https://www.sec.gov/alj/aljdec/2016/id1033jeg.pdf
https://www.sec.gov/litigation/complaints/2017/comp23922.pdf
https://www.cnbc.com/2020/02/07/how-to-find-a-financial-advisor-who-wont-make-your-money-disappear.html
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