In today's episode, The Preacher and the Mistress, we will learn how an elderly preacher and his mistress used his Texas-based Christian radio talk show to steal over $30 million from his older listeners. He used his faith-based approach to convince his loyal listeners to invest their lifetime savings in his fraudulent, risk-free products. In return for his devastating financial scheme, he received more than three life sentences, and the mistress received a life sentence for their deceitful act.

Today we’re diving into the world of finfluencers – social media personalities who dish out financial advice – sometimes with risky consequences for investors. With expert guests John Eichkorn and Sammy Wu, we’ll explore how to spot misleading content, avoid investment scams, and find trustworthy sources for your financial decisions. If you’ve ever thought about taking money tips from TikTok or Instagram, this is one episode you won’t want to miss.

If you would like more information about finfluencers, you can read the Informed Investor Advisory: Finfluencers located here.

The advisory as produced by NASAA’s Investor Education Alerts and Advisory Project Group.

Scams involving cryptocurrency, social media apps, and marketing tactics designed to play on emotions made NASAA’s 2025 annual list of top investor threats. In today’s special episode of Real-Life Regulators, we are joined by Amanda Senn, Director of the Alabama Securities Commission, and she also serves as NASAA’s Enforcement Section Chair. She will share how to detect, protect, and report these scams, and hopefully, after listening to this episode, you will be able to avoid these threats.