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Podcast: My Worst Investment Ever Podcast
Episode: Michael Morawski – Stay Out of Trouble by Paying Attention to the Red Flags
Description: BIO: Mike Morawski is a 30+ year real estate investment veteran. He has controlled over $285,000,000 in real estate transactions.STORY: In 2008, when the economic crisis hit the US, Mike decided to find ways to protect his investors. He moved money from companies that were performing well into those that were underperforming. It seemed to work, but he had not informed his investors about it, so he was jailed for 10 years for fraud.LEARNING: Communicate with your investors regularly and always follow your business mandate. Listen to outsiders and pay attention to red flags.Â