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606 spotting a money scam with lessons from the Netflix documentary: The Monster of Wall Street

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The Biggest Ponzi Scheme in History

The American equivalent of the Australian Securities and Investment Commission, ASIC, was asleep at the wheel for many years. He also seemed to have such a good relationship with them that even though they were tipped off, they're like, nice, nice guy doing nice things. I feel like that did a disservice to literally thousands of investors. Can you imagine not wanting to be a failure so much more than not being successful? It just, he would prefer to lie and scam people than say, hey, maybe I'm not the best trader in the world. Like it gives me the ick watching it.

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