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ENCORE: Long Island Liars
Sep 30, 2024
Jason Kurland, a former Long Island real estate lawyer, represented lottery winners before his fall from grace. He dives into the pitfalls of sudden wealth and the dark side of financial advice. Kurland shares his ambitious journey, tainted by greed, leading to his involvement in fraudulent schemes. As his clients' fortunes turned into curses, the harsh realities of mismanaged lottery wins unfold. The conversation unveils shocking truths about trust and deception, highlighting the high stakes in the world of lottery winners.
44:09
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Quick takeaways
- Jason Kurland's downfall highlights the dangers of trusting financial advisors blindly, particularly when sudden wealth is involved.
- The podcast illustrates the critical need for financial literacy among lottery winners to avoid becoming victims of manipulation and fraud.
Deep dives
Lottery Lawyer's Downfall
Jason Kurland, a lawyer who specialized in representing lottery winners, was sentenced to 13 years in prison for defrauding clients out of nearly $100 million. He manipulated lottery winners, including one named Beth Smith, to invest large sums of their newfound wealth into his side business ventures without disclosing his financial interests. Kurland's greed led him to provide legal services while skimming profits from investments, which ultimately resulted in a financial catastrophe when his partner's Ponzi scheme collapsed. The repercussions of Kurland's actions not only affected him, leading to criminal charges for money laundering and conspiracy, but also resulted in devastating losses for his unsuspecting clients.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode