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S.E.C. v. Tonga's Court JesterSummary: The investment advisor from California was so liked by the Kingdom of Tonga that they named him court jester and followed his advice completly: Tonga invested millions. All they have to show for it today is a loss of those millions, a lawsuit filed against those who duped the tiny nation, and now -- far too late -- the Securities and Exchange Commission's charges of fraud. This story proves our warning: Never trust only the words of someone who makes money on the deal. |
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2008 Bialkin Books, publisher of viatical books banned in Texas and Florida |