Anyone with eyes can see that Multi-Level Marketers (MLMs) are predatory business models that prey on vulnerable folks looking to make a meaningful income. People who have escaped these companies all have similar stories of crippling debt and shady manipulation. The products they sell are either overpriced, poor quality, useless,…
Following on from our first article in the series, where we discussed what money laundering is, in this article, we will be focusing primarily on Anti-Money Laundering (AML) laws and legislation from across the world. AML legislation was a response to the growth of the financial industry, the lifting of…
Money laundering is the practice in disguising the origins of money obtained illicitly. It is thus a method in which the proceeds of crime are made to appear legitimate. This stems from the long-standing collusion of the underground and official economy. The underground economy includes a spectrum of criminal activities…
Money laundering and fraud cost UK businesses, citizens and the government more than £100 billion a year, according to the National Crime Agency. The effects can have a devastating impact on ordinary people as well as businesses and the government. The following cases show the huge sums of money that…
Nowadays, divorces are becoming more affordable. This also means that people are able to get a divorce more efficiently, which means that they have to stay in unhappy and abusive marriages. However, like with most things, there are a lot of myths when it comes to divorces, and this has…
Laws and regulations are generally put in place by governments to instill order and ensure the public’s safety. That said, there have been instances where some governments have taken it too far that their laws do not make any sense at all! Let’s take a look at the weirdest and…
By now, you’ve probably heard some scary myths about bankruptcy. Most people are afraid of bankruptcy, even though they can be easily saved from financial ruin. In reality, in almost all cases, the debtor or debtors are better off financially after bankruptcy than if they had simply not paid their debts…
It’s often said that the only unavoidable things in life are death and taxes. However, there are many people who, for one reason or another, try to avoid filing a tax return. It might be something as simple as believing that they will not owe the IRS anything, and that…
