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Data Curveball, Margins & Movies, and The Elder Economy 7/20/23

The Exchange

00:00

The Fraud of Sean Good

Caitlin Andrews says she planned to use the money from a divorce settlement to raise her two sons. Good would later admit that a Morgan Stanley product was at the heart of his fraud. The firm pitched it in videos like this as a way for clients to borrow against their portfolios. All of it undetected by Morgan Stanley, America's sixth largest brokerage firm for 10 years.

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