We've all heard about banks being robbed, but did you know that your bank can rob you? Well, it actually can if you decide to deposit your money with a company who appears to act like a bank but it's not actually a bank. This is a major problem that everybody needs to be aware of to make sure they don't get scammed like all of the customers of Yotta bank did. Also I'm going to teach you how to verify your bank is FDIC insured to be certain, your money doesn't get lost or stolen.

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Articles Mentioned in the Video

https://apple.news/AB8MmnYODSCa6gbyRy-q-sg
https://apple.news/AR1pA_7aFR1m1zwraEWW2iQ
https://www.forbes.com/sites/zennonkapron/2024/11/08/what-the-yotta-saga-reveals-about-fintech-shortcomings/
https://apple.news/A7LTmAzd-RXecvcWfGjD6mg
https://apple.news/AlzqAaTrNSxarPandYJZUiA

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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Michael Bordenaro is not a registered financial advisor. Your use of Michael Bordenaro’s YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Michael Bordenaro does not establish a formal business relationship.