Advisor Who Fled Feds With Underwater Scooter Pleads Guilty to $35M Ponzi Scheme

Published on May 19, 2025

The DOJ claimed that Matthew Piercey touted his bona fides as an investment advisor but stole millions from clients, contending federal investigations against him were merely payback.

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Trump Tax Bill Advances After GOP Deal for Faster Medicaid Cuts

May 19, 2025
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The Wealth Effect Is Not Always Virtuous

May 19, 2025
Given the recent market volatility and the possibility of an adverse wealth effect, it's worth quantifying the relationship between stock returns and economic activity.