What Happens When The FTC Asks for Your Financials?
In this episode, Greg and I dive into one of the scariest parts of dealing with any regulator: financial disclosures. If you’ve ever wondered, “What exactly do they want, and how do I protect myself?” this episode is a must-listen. When you’re in legal trouble, regulators demand a complete picture of your finances, which means listing out all assets and liabilities—and failing to disclose something can make things far worse. But what should you include, how should you structure it, and what mistakes could cost you dearly? Here’s what we broke down during this jam-packed episode: The key financial details the FTC demands during an investigation (and why you MUST disclose everything). How liabilities like credit card debt or chargebacks can offset your total net worth. Why asset freezes make it nearly impossible to backtrack if you’re not prepared ahead of time. The limits of trusts and why they don’t protect you from settlements, despite what you’ve heard. How Greg’s forensic approach helped me avoid costly mistakes while calculating my financials. What you reveal—and how you do it—can make all the difference. Listen now to stay ahead and protect yourself the right way!