On today’s show we are looking at what I consider to be a double standard. There is one set of rules for the average person and another set of rules for the government.
We know that using funds from new sources of funding to pay off existing investors is the very textbook definition of a Ponzi scheme. These are highly illegal and the likes of Bernie Madoff should rot in jail for stealing from people.
But there is another form of the same thing which involves investors and is sanctioned by the SEC.
Have you ever heard of a Naked Short Sale?
On today’s show I’m going to be quoting directly from the SEC regulations.
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Host: Victor Menasce
email: podcast@victorjm.com