I’m seeing a trend cross my desk in my practice right now that concerns me. More and more business owners are coming in with K-1s from investment groups. These are private deals, pooled capital, big tax-savings promises - and when I look under the hood, “the math don’t math” as they say. Some of these […]
Last week I told you how investment clubs started. Regular people in Detroit, 1940, pooling small amounts of money to learn together. They would sit around a table and research together. Debate together. Invest together. Then the internet happened. Here’s what actually changed. The old investment club pooled capital. Everyone put money in, studied stocks […]
Investment fraud is now the single largest category of consumer fraud in the United States. Not romance scams or tech support. Investment. How did this happen? We’ve been talking about a contributing factor to this - investment clubs - for days, inspired by questions I’m asking about K-1s crossing my desk. The math is off. […]