Ronald Reagan said it best, trust but verify.

In this week’s special edition of Retire in Texas, Darryl Lyons dives into the world of financial crime, breaking down the story of Tim Duncan's unfortunate encounter with deceit and manipulation in the realm of wealth management. Through a detailed recounting of Duncan's experience, Lyons sheds light on the tactics employed by fraudsters like Charles Banks IIII, emphasizing the importance of vigilance and due diligence in safeguarding one's financial well-being.

Show highlights include:

*The story of Tim Duncan, an NBA Hall of Famer, and how he was a victim of financial crime orchestrated by Charles Banks IV, whom he befriended early in life.

*Why vigilance is crucial, and how seeking assistance from trusted advisors like PAX Financial Group can provide added security against financial fraud.

*An explanation of the three attributes of trust: empathy, transparency, and consistency.

*The importance of skepticism in financial relationships, along with the necessity of verifying investment legitimacy.

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