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The article Why Mutual Funds Are Such a Rip-Off originally appeared on Fool.com. Fool contributor Adam Levine-Weinberg owns shares of Apple. The Motley Fool recommends and owns shares of Apple.
Scott Tucker (born May 5, 1962) is an American convicted racketeer, loan shark, fraudster and money launderer who used his illegal funds to finance – and drive for – his own sports car endurance racing team.
For any baby boomer looking to ensure they have enough money to live while retired, being sold an annuity feels like a dream come true. The idea that you can purchase guaranteed, lifelong income ...
Mutual Benefits Corporation was a Ft. Lauderdale, Florida based investment sales company that operated a huge ponzi scheme selling viatical settlements, with investors losing an estimated $835 million. The principal ring leader of the scam was Joel Steinger.
Mutual funds were eager to take the money from these pension funds. The mutual fund’s management fees were based upon the amount of money (value of shares) held by the fund. More money held by the mutual fund meant more money at the end of the quarter for the fund’s managers.
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