Latest / Earn Your Leisure / Cliff Notes: USAIN BOLT LOSES 12 MILLION IN JAMAICAN BANK SCAM

Transcript

Cliff Notes: USAIN BOLT LOSES 12 MILLION IN JAMAICAN BANK SCAM · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: Let's talk about this.
• 1:02
  Speaker 4: UH.
• 1:03
  Speaker 3: Our friend eyl Alumni, arguably the greatest athlete of all time,
• 1:15
  Speaker 3: gentleman and a scholar and UH ambassador for the country
• 1:22
  Speaker 3: of Jamaica. Usain both very unfortunate situation. Yeah, very unfortunate situation,
• 1:31
  Speaker 3: and we wish him the best and everybody else that's
• 1:37
  Speaker 3: involved in the situation, we wish him the best. But
• 1:42
  Speaker 3: from my understanding, he had a retirement account that was
• 1:47
  Speaker 3: invested in Jamaica.
• 1:50
  Speaker 5: Yes, stop send Securities Limited, the firm base.
• 1:52
  Speaker 3: In Kingston, fourteen million dollars twelve point eight and uh
• 1:58
  Speaker 3: just disappeared.
• 1:59
  Speaker 5: Twelve thousand is left twelve thousand.
• 2:02
  Speaker 3: So talk about that and then talk about No, no, it's
• 2:05
  Speaker 3: not funny.
• 2:05
  Speaker 5: No, I'm not laughing at that. Yeah that's crazy.
• 2:07
  Speaker 3: Yes, so talk about that, and then let's talk about
• 2:11
  Speaker 3: how that could be a learning experience for anybody else.
• 2:17
  Speaker 2: You're talking about.
• 2:20
  Speaker 4: You're true, you want to go first.
• 2:21
  Speaker 5: I mean, it's unfortunate.
• 2:24
  Speaker 6: And when I think of it, it thinks about I
• 2:26
  Speaker 6: think about the history we've had with banks and investing,
• 2:29
  Speaker 6: and this doesn't help it.
• 2:31
  Speaker 5: The government is really is the issue.
• 2:34
  Speaker 6: Here, and I think that's what a lot of the
• 2:35
  Speaker 6: citizens of Jamaica are saying, like, why are they not outraged?
• 2:39
  Speaker 5: Why is more being done to a national treasure?
• 2:42
  Speaker 6: Because if it can happen to him at that level,
• 2:44
  Speaker 6: it can happen to anybody. But it's interesting to see.
• 2:47
  Speaker 6: I mean, that's one of those things, especially when you're
• 2:48
  Speaker 6: dealing with banks. There's only a certain amount that can
• 2:51
  Speaker 6: be ensured and so we know that. So to have
• 2:54
  Speaker 6: that amount of money in one place, Yeah, it's just
• 2:58
  Speaker 6: a very unfortunate situation. Now they said it was his
• 3:01
  Speaker 6: life savings, which made it even worse. I don't think
• 3:04
  Speaker 6: it was his life save because I know they I mean,
• 3:05
  Speaker 6: his network they say is eighty million, but they said
• 3:07
  Speaker 6: that this was the largest amount of money that liquid
• 3:11
  Speaker 6: like with maybe like twelve million, So I mean, to
• 3:13
  Speaker 6: be down to twelve thousand is I mean, you can't
• 3:16
  Speaker 6: even fathom that. So it's I mean, unfortunate and really
• 3:21
  Speaker 6: disheartening is the only two words I can think for
• 3:24
  Speaker 6: somebody who is just a good dude man, Like we
• 3:26
  Speaker 6: had some time in Jamaica and we spent with him, humble, dude,
• 3:30
  Speaker 6: gracious with his time, very smart, is business savvy. Obviously
• 3:34
  Speaker 6: he has plenty of businesses in Jamaica. Is trying to
• 3:36
  Speaker 6: be an entrepreneur on the music side. So to see
• 3:38
  Speaker 6: this happened to him, Like I said, this is a
• 3:40
  Speaker 6: national This isn't that everyday person. This is a national
• 3:42
  Speaker 6: treasure to the island of Jamaica, So we gotta get
• 3:45
  Speaker 6: this right, man.
• 3:46
  Speaker 5: I saw Sham.
• 3:47
  Speaker 6: Shout out to Sham, who you know, we linked up
• 3:49
  Speaker 6: with as well, you know, putting out songs about it
• 3:51
  Speaker 6: to make sure that things get done. And this is
• 3:53
  Speaker 6: one of the things we talked about when we went
• 3:54
  Speaker 6: in Jamaica. You know, sometimes you know, the government doesn't
• 3:57
  Speaker 6: you know, act in the best way or in the
• 4:00
  Speaker 6: best purpose of the people.
• 4:02
  Speaker 3: I don't want to put it on the government. I'm
• 4:04
  Speaker 3: not sure if it's private sector. We can't necessarily bring
• 4:07
  Speaker 3: the government.
• 4:08
  Speaker 5: Well, they're speaking on behalf of it now.
• 4:10
  Speaker 6: They're saying like they're going to do everything that they
• 4:12
  Speaker 6: can now and they're gonna turn every stone that they
• 4:15
  Speaker 6: can to make sure that this is rectified. And nobody
• 4:17
  Speaker 6: else is taking advantage of it this way. So shouts
• 4:21
  Speaker 6: out to you.
• 4:22
  Speaker 3: Saying, okay, hopefully everything works out. You saying vote great,
• 4:27
  Speaker 3: guy slid. How can people all right, how can you
• 4:31
  Speaker 3: avoid not getting court? I don't know what the situation is,
• 4:36
  Speaker 3: so I don't want to speak about it, but how
• 4:37
  Speaker 3: can you get caught and not avoid avoid not getting caught?
• 4:41
  Speaker 3: In a POLSI scheme or avoid getting your money taken
• 4:44
  Speaker 3: in the type of scam situation. What are some things
• 4:47
  Speaker 3: that you should always look out for?
• 4:51
  Speaker 4: There's no beautiful answer here when I put this out,
• 4:54
  Speaker 4: when I heard the drama was like two weeks ago. People,
• 4:56
  Speaker 4: it's like, why didn't he have his money in America?
• 5:00
  Speaker 4: This too can happen in America. The only real answer
• 5:06
  Speaker 4: is to manage your own money, like I don't trust
• 5:09
  Speaker 4: anyone worth my capital. People make fun of me all
• 5:12
  Speaker 4: the time. You're like, yo, you're the only person I
• 5:14
  Speaker 4: know that.
• 5:14
  Speaker 6: This episode is brought to you by P and C Bank.
• 5:18
  Speaker 6: A lot of people think podcasts about work are boring,
• 5:21
  Speaker 6: and sure, they definitely can be, But understanding a professionals
• 5:25
  Speaker 6: routine shows us how they achieve their success little by little,
• 5:29
  Speaker 6: day after day. It's like banking with P and C Bank.
• 5:33
  Speaker 6: It might seem boring to save, plan and make calculated
• 5:36
  Speaker 6: decisions with your bank, but keeping your money boring is
• 5:39
  Speaker 6: what helps you live or more happily fulfilled life. P
• 5:42
  Speaker 6: and C Bank Brilliantly Boring since eighteen sixty five. Brilliantly
• 5:47
  Speaker 6: Boring since eighteen sixty five is a service mark of
• 5:50
  Speaker 6: the PNC Financial Service Group, Inc. P and C Bank
• 5:54
  Speaker 6: National Association member fdic.
• 5:59
  Speaker 5: Erners, What's up?
• 6:00
  Speaker 6: You ever walk into a small business and everything just
• 6:02
  Speaker 6: works like the checkout is fast, the receipts or digital
• 6:06
  Speaker 6: tipping is a breeze, and you're out the door before
• 6:09
  Speaker 6: the line even builds. Odds are they're using Square? We
• 6:13
  Speaker 6: love supporting businesses that run on Square because it just
• 6:16
  Speaker 6: feels seamless. Whether it's a local coffee shop, a vendor
• 6:19
  Speaker 6: at a pop up market, or even one of our
• 6:21
  Speaker 6: merch partners. Square makes it easy for them to take payments,
• 6:25
  Speaker 6: manage inventory, and run their business with confidence, all from
• 6:29
  Speaker 6: one simple system. If you're a business owner or even
• 6:33
  Speaker 6: just thinking about launching something soon, Square is hands down
• 6:36
  Speaker 6: one of the best tools out there to help you start, run,
• 6:39
  Speaker 6: and grow. It's not just about payments, it's about giving
• 6:43
  Speaker 6: you time back so you can focus on what.
• 6:45
  Speaker 5: Matters most ready.
• 6:46
  Speaker 6: To see how Square can transform your business, visit Square
• 6:50
  Speaker 6: dot com backslash go backslash eyl to learn more that
• 6:54
  Speaker 6: Square dot com backslash, go backslash eyl. Don't wait, don't
• 7:00
  Speaker 6: let's Square handle the back end so you can keep
• 7:02
  Speaker 6: pushing your vision forward.
• 7:06
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 7:10
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 7:14
  Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with
• 7:18
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 7:22
  Speaker 1: some of the heinous migrant criminals caught because of President
• 7:26
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 7:29
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 7:34
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 7:38
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 7:41
  Speaker 1: are here illegally, your next you will be fined nearly
• 7:45
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 7:49
  Speaker 1: never return. But if you register using our CBP home
• 7:53
  Speaker 1: app and leave now, you could be allowed to return legally.
• 7:56
  Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
• 8:01
  Speaker 1: order and families will be protected.
• 8:04
  Speaker 2: Sponsored money United States Department of Homeland Security.
• 8:06
  Speaker 4: Still write a check? Why don't you just wire and
• 8:09
  Speaker 4: let this person? I'm like you. Let too many people
• 8:11
  Speaker 4: have access to be able to wire funds out or
• 8:15
  Speaker 4: write checks.
• 8:15
  Speaker 2: They will go very fast.
• 8:17
  Speaker 4: Any athlete entertainer. I will tell you never give anyone
• 8:21
  Speaker 4: power of attorney over your finances. This is heartbreaking to
• 8:27
  Speaker 4: here and then to see what's happening with Bank of
• 8:29
  Speaker 4: America and Chase and a couple of days ago money
• 8:32
  Speaker 4: was missing. A lot of these banks were heavenly investing
• 8:34
  Speaker 4: in cryptotenps and losses, had margin loans and have to
• 8:38
  Speaker 4: pay their money back or form or fashion. This is
• 8:42
  Speaker 4: one of the things that we talked about also in
• 8:43
  Speaker 4: twenty twenty. During a recession, domesic, abuse goes up, death
• 8:48
  Speaker 4: goes up, POSI schemes implode, levered accounts full up, money
• 8:53
  Speaker 4: goes missing. You have to be very mindful of That's
• 8:55
  Speaker 4: why I say you have to check your accounts every
• 8:58
  Speaker 4: single day. And I also have been telling people a
• 9:01
  Speaker 4: red panda like there's tears of freedom, but truly like
• 9:04
  Speaker 4: there is no real freedom. The more money you get,
• 9:07
  Speaker 4: the more protection mechanisms you need to have in play.
• 9:11
  Speaker 4: So check your accounts every day. Ideally, manage your own
• 9:14
  Speaker 4: I don't care who the advisor is, who the investor is.
• 9:18
  Speaker 4: You have to know how to be able to do
• 9:19
  Speaker 4: this on the own so you don't get twiddle and
• 9:22
  Speaker 4: don't get p p A to anybody. This is heartbreaking though,
• 9:27
  Speaker 4: because he will probably never get that money back.
• 9:31
  Speaker 5: Yeah, why'd you little my mind pickup the speaker?
• 9:38
  Speaker 4: We speaker with shot we gotta get Can we get
• 9:42
  Speaker 4: a shot? Like an award for like best mean moments?
• 9:45
  Speaker 4: Real subtle though?
• 9:49
  Speaker 3: Boy little confused, confused of the situation.
• 9:56
  Speaker 4: Yes, you have any advice insights if he was your
• 10:00
  Speaker 4: client or if you had a chance to talk to him, like,
• 10:03
  Speaker 4: what would you tell him to do and what course
• 10:05
  Speaker 4: of actions.
• 10:06
  Speaker 2: You have to take?
• 10:07
  Speaker 3: Well, the thing about it is this, and this is
• 10:11
  Speaker 3: why you know. It's a few different things that go
• 10:15
  Speaker 3: into to play here, right, And he had his money
• 10:18
  Speaker 3: in like in a bank, so it wasn't even like
• 10:20
  Speaker 3: his money was just randomly in some place that you
• 10:23
  Speaker 3: would think would be insecure. But you have to fully
• 10:27
  Speaker 3: vet everything that you do, absolutely vet everything that you do.
• 10:33
  Speaker 3: And that includes banks, that includes credit unions, that includes
• 10:40
  Speaker 3: investment firms, that includes stocks. Four x whatever you're doing,
• 10:48
  Speaker 3: you have to fully fully vet it, right, That's that's
• 10:50
  Speaker 3: the first thing, because sometimes you just take things for granted.
• 10:55
  Speaker 3: And when you start taking things for granted, that's when
• 10:59
  Speaker 3: bad things usually start to happen. So you know, that's
• 11:03
  Speaker 3: that's the first thing. And of course it's always good
• 11:06
  Speaker 3: to diversify, right, Like, looking back on it, it probably
• 11:11
  Speaker 3: wasn't the best decision to have just twelve million in
• 11:13
  Speaker 3: one account hindsight is twenty twenty. But especially like if
• 11:19
  Speaker 3: that's the majority of your liquid, you might want to
• 11:21
  Speaker 3: have a few different you know, accounts, and a few
• 11:24
  Speaker 3: different banks. Like even me, I have three bank accounts
• 11:26
  Speaker 3: with three I have a bunch of different bank accounts,
• 11:28
  Speaker 3: but I have three banks. So I have three different
• 11:33
  Speaker 3: banks for a variety of different reasons. But anything can happen,
• 11:39
  Speaker 3: you know what I'm saying, Like anything can happen, Like
• 11:42
  Speaker 3: it's just real, and it's like, you know, so if
• 11:45
  Speaker 3: all three banks go down, then it doesn't even matter anyway,
• 11:48
  Speaker 3: because the whole world is going to collapse at that point.
• 11:50
  Speaker 3: But you know, you just got to always diversify. I
• 11:53
  Speaker 3: have two brokerage accounts. My son has a different brokerage account.
• 11:57
  Speaker 3: I have three banks. Like I'm just you know, you
• 11:59
  Speaker 3: gotta be just careful.
• 12:02
  Speaker 7: My graduates from my school being force back drop bag
• 12:07
  Speaker 7: Drop Mike Drotdropft.
• 12:21
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 12:24
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 12:28
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 12:33
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 12:37
  Speaker 1: some of the heinous migrant criminals caught because of President
• 12:40
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 12:44
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 12:49
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 12:52
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 12:56
  Speaker 1: are here illegally, your next you will be fine nearly
• 13:00
  Speaker 1: one thousand dollars a day, imprisoned and deported, you will
• 13:04
  Speaker 1: never return. But if you register using our CBP home
• 13:07
  Speaker 1: app and leave now, you could be allowed to return legally.
• 13:11
  Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,
• 13:16
  Speaker 1: border and families will be protected.
• 13:19
  Speaker 2: Sponsored by the United States Department of Homeland Security,