This interview was a f*****g embarrassment, 51 minutes of scammer speak with no proof of trading. Ari needs to start calling Darren Little his lapdog instead partner with the Punch and Judy show those two run.
If USI funds are going into a hedge fund( they're not monkeys) the the law is being broken because only
https://www.investopedia.com/terms/a...edinvestor.asp can be solicited. This couldn't be any more clear, perhaps Ari should put down the Slim Fast shakes and learn what the hell he is talking about.
Next, there are massive reporting and tax implications when hedge funds accept money from foreign investors. It's not something up for discussion, anyone that isn't a hack knows this.
Third, hedge funds are partnerships and issue K-1s not 1099s maybe don't send a guy to the Philippines that can't even be bothered to get this right.
As for an audit of the alleged hedge fund in February, so unlikely I can't consider it anything more than another lie. With rare and I mean rarer than leftovers on Ari's plate exceptions a calendar year end would be used.
"The calendar year is the required tax year for most partnerships and for all S corporations unless a business purpose for a fiscal year exists."
http://www.dsbcpas.com/scorp/444compliance.html
https://www.irs.gov/publications/p538
Then there's the whole problem with advertising prospective returns like 1% per day being illegal. Past performance can be advertised if independently audited. I don't know what "hard questions" pie for breakfast Maccabi was talking about, a star nosed mole could see how many laws are being broken.
https://www.bna.com/performance-enha...ts-prohibited/