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The financial advisor tried fleeing the FBI on an underwater "sea scooter," submerging himself in California's Lake Shasta. For investors, the news highlights the importance of researching a prospective advisor and remaining vigilant when working with a money manager. Occasionally, a financial advisor grabs national attention by swindling clients out of millions, evading arrest via a bizarre escape plan or, sometimes, both. Luckily, there are ways investors can guard check out this site against high-profile cons or more under-the-radar criminality, according to financial experts. "These guys are very convincing in a very complicated area: investments," said Andrew Stoltmann, a Chicago-based attorney who represents consumers in fraud cases. "It's part of the reason we have investment fraud every single year." Take Matthew Piercey, for example. He is the most recent headline-grabbing example of a broker gone bad. Piercey, 44, of Palo Cedro, California, allegedly ran a $35 million Ponzi scheme and tried fleeing the FBI last week by using an underwater "sea scooter to hide in the waters of Lake Shasta for nearly 30 minutes. The advisor, who operated Family Wealth Legacy and Zolla Financial, was eventually arrested . He faces 31 felony counts, according to federal court documents . Bernard Madoff arrives at Manhattan Federal court on March 12, 2009 in New York City.

https://www.cnbc.com/2020/11/27/here-are-some-steps-to-protect-yourself-from-bad-financial-advisors.html

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Pearl Street, has been described as an “innovative nonprofit center that connects parents and caregivers to an affordable early learning atmosphere for children ages 18 months to 5 years.”  The facility is planned to be a 45,000 square foot, multi-story building with multiple classrooms, a gym, a playground and a capacity for 150 to 200 kids. “An umbrella agreement does not legally bind the parties to any specific course of action. It is a visionary document for projects that have multiple parties involved. The agreement generally sets forth the project scope, estimated costs and the legal documents that will be needed to complete the project,” the agreement states.  The partners listed in the umbrella agreement are the Early Learning Center, the Boys & Girls Club, the Discover! Children’s Museum and the City of Centralia. To cover the costs of construction of the United Learning Center, the United Way of Lewis County will contribute $3 million, the City of Centralia will contribute $1.9 million, the Discover! Children’s Museum will contribute about $1 million and the Boys & Girls Club “will contribute funds for the cost of construction of the children’s museum and to cover a portion of the costs of the overall United Learning Center,” according to the umbrella agreement. The city owns the land that the ULC will be built upon and will ground lease parcels of the land to each of the partners for the construction for an initial term of 20 years with an option to renew. The umbrella agreement gives an overview of the construction process in two phases — the first commencing on or before April 30, 2021, and is expected to be completed by the same date the following year.

http://www.chronline.com/news/united-learning-center-takes-another-step-toward-construction/article_8d589ee2-3107-11eb-bf7e-b3f213ebab02.html