About this episode

Clark Howard discusses AI privacy risks and the anatomy of Ponzi schemes that defrauded millions from investors.

Today - A warning about how much information you give an AI chatbot. Artificial intelligence tools like ChatGPT, Claude, and Gemini have made getting financial advice faster and easier than ever. But as the AI gold rush heats up, a massive privacy risk is emerging. Clark breaks down the critical things you should never tell an AI chatbot. Also - The anatomy of a Ponzi scheme that RIPPED OFF $140 million from “investors.” Clark covers two massive fraud cases—Drive Planning and First Liberty—which collectively defrauded thousands of investors out of hundreds of millions of dollars. When inflation or economic uncertainty makes us feel insecure about our money, we become susceptible to smooth pitches. Clark reminds us of the ultimate golden rule of investing: any time someone promises you "guaranteed" double-digit returns with zero risk, it is a lie. Learn how these schemes operate so you can spot the red flags, protect your hard-earned savings, and secure your financial future. Plus, Lane (Clark’s wife!) shares your #AskClark questions and Clark gives his take. All this and more on the June 1, 2026, episode of The Clark Howard Show. Submit questions: Ask Clark AI Privacy Risk…

People in this episode

Host: Clark Howard

Guest: Lane

Topics covered

• AI privacy risks
• Ponzi schemes
• financial advice
• investor fraud
• economic uncertainty
• Ask Clark

Keywords

• AI chatbot
• Ponzi scheme
• financial advice
• investor fraud
• economic insecurity
• Ask Clark

Mentioned in this episode

Organizations: ChatGPT, Claude, Gemini, Drive Planning, First Liberty

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