| As Don Vito Corleone says in the novel The Godfather, a person "can steal more money with a briefcase than a thousand men with guns and masks." Case in point: The Securities and Exchange Commission (SEC) on April 27 charged Bill Hwang, the owner of family office Archegos Capital Management LP, with orchestrating a massive fraudulent scheme that generated billions of dollars in losses. The SEC also charged three other top executives at Archegos for their roles in the criminal conspiracy. Federal prosecutors characterized Archegos as a criminal operation to manipulate markets and defraud investors, on a vast scale. But the dangers to your financial well-being extend beyond outright criminality. Many investment advisers have devised dishonest but legal methods to part you from your money. The stakes are high.
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