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About this quote

What does it mean?
He lost all proceeds from a large bond deal without receiving any money.
In plain terms
He lost a bond deal and got no money from it.
What can you take from it?
Verify financial terms before investing large sums.

Where it applies

  • investing
  • deals
  • business

Putting it to work

  • due diligence
  • contracts
  • financial safety

Questions to consider

  • What safeguards do you use?
  • How do you verify deals?

Another view

Without context this might be a misunderstanding rather than fraud.

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