Veteran journalist Greenberg on a stock scam and 'the golden age of grift'

Money Life with Chuck Jaffe

Herb Greenberg, editor of Herb Greenberg's Red Flag Alerts, tells the story of a stock scam that most recently centered on Ostin Technology, a Chinese company traded on the Nasdaq that recently popped to over $9 per share before losing 95 percent of its value in a single day. While the company is a cautionary tale for investors, Greenberg's bigger warning involves similar frauds that spring up around other companies overnight — that are fueled by investor greed and AI-powered fakery — which he describes as nearly impossible to stop or end in what he calls "the golden age of grift." Financial adviser Anthony Holds discusses the latest release from Northwestern Mutual's 2025 Planning & Progress Study, which showed that nearly 70 percent of Americans say financial uncertainty makes them depressed and anxious. Plus, in the Market Call, Dryden Pence, chief investment officer at Pence Capital Management, talks about finding stocks that benefit from being at the chokepoints in the supply chain for the next big thing.