SOCI-224 Lecture Notes - Lecture 17: Law Society, Mci Inc., Canadian Tire
Document Summary
Two of the reserves have a number of oil and gas rigs that are pumping materials out of the ground. Because it"s on reserved land, the royalties go to these reserves. When a child reached the age of 18 years they were supposed to get ,000. Adolescence or parents would come to the lawyer and ask for the money early, which is not allowed due to government trust conditions. He would lend them money and they would pay him back the proceeds. He was also charging interest that the people weren"t aware of. Finally he was investigated by the law society. He was suspended for 6 months and he had to pay the costs of the hearing and investigation. Edward jones scammed investors, usually its elderly people that are targeted. Can name a beneficiary for a investment and it doesn"t have to pass through the state therefore less of the money is taxable.
