Madoff....Bankman...You can’t make this stuff up.
📉Just like Madoff, Bankman (allegedly-we will know more soon) deceived many and only came to the surface when the markets turned against him and liquidity dried up.
👨🏼⚖️The FTX cryptocurrency scandal and bankruptcy may have left us wondering why even the smartest and most famous people didn't see it coming.
But history shows that this is no surprise.
💰Toward the end of a market cycle, greed often takes over as the prevailing investor emotion and even the most seasoned investors tend to overlook the warning signs.
Patrick Huey is a small business owner and the author of two books on history and finance as well as the highly-rated recently-released fictional work Hell: A Novel. As owner of Victory Independent Planning, LLC, Patrick works with families and non-profit organizations. He is a CERTIFIED FINANCIAL PLANNER™ professional, Chartered Advisor in Philanthropy® and an Accredited Tax Preparer. He earned a Bachelor’s degree in History from the University of Pittsburgh, and a Master of Business Administration from Arizona State University.