Martin M. Shenkman, Bernard A. Krooks and Jonathan G. Blattmachr
There is an urgency to help in the wake of natural disasters, and substantial sums are raised by charitable crowdfunding sites. But there is little law, and even less guidance, around the tax consequences.
Financial advisor Ric Edelman and his wife Jean offered a donation of $25 million to the XPRIZE competition focused on Alzheimer’s. At the XPRIZE Visioneers Summit, Alzheimer’s was one of five proposals considered by a group of 250 corporate and government leaders. The Edelman’s proposed donation would support development of innovative approaches to combat Alzheimer’s. ...
Ex-Edward Jones Advisor Jailed in Ponzi Scheme Bernard Parker, a former Pittsburgh-area financial advisor for Edward Jones, was sentenced to 87 months in jail and ordered to repay $1.2 million by a federal judge last week. Parker, 57, also ran Parker Financial Services, through which he defrauded investors by selling them a variety of bogus investments and keeping the money for himself. ...
Johnny's Lawyers in Depp Trouble Good advice is hard to find, at least if you’re Johnny Depp. The Los Angeles Times reports that Depp, who is already embroiled in a high-profile legal battle with his financial advisors, has now sued his attorneys as well. ...
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