Scams & Swindles: Phishing, Spoofing, ID Theft, Nigerian Advance Schemes Investment Frauds: How to Recognize And Avoid Rip-Offs In The Internet Age
Phishing. Spoofing. Spyware. Swoop and squat. Malicious spam. Chain letters. Ponzi schemes. ID theft. The Internet Era has created a whole class of frauds and schemes that separate people from their money. It’s also given new life to older cons and scams. This book organizes various rip-offs by type and severity. Then it explains how each type of scam works — and how an ordinary person can recognize it before getting taken in. Drawing on interviews with law enforcement experts, victims and even
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Filed under Investment Fraud by on Sep 7th, 2010. 5 Comments. 
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Filed under Investment Fraud by on Aug 27th, 2010. Comment.
Investment Fraud after Investment Fraud
So many thought all the investment frauds would have ended already. However more and more have come to light. One investment fraud which shocked me was Scott Rothstein who I knew from college. He ran a ponzi scheme to the tune of .2 Billion dollars. Scott Rothstein was a lawyer who donated a great deal of money to all types of charities with the guise he was an honest attorney. Rothstein hobnailed with successful business people, politicians and even Dan Marino. Scott Rothstein Ponzi scheme was based on selling settlements of lawsuits. Now Scott is looking at life in prison.. But worse off his investors lost millions and millions of dollars probably not recoverable. Another recent investment fraud is Thomas Petters. H has been convicted of running a .65 billion Ponzi scheme. Thomas Petters fraud involved selling bogus notes linked to consumer electronics sales which never actually happened. Investors in Petters Co. were told they were buying bulk electronics which were being resold to big-box retailers. Hedge funds and high net worth investors were taken in on this Ponzi scheme. Again Petters faces up to life in prison. The question is why are people so foolish? Was it greed or stupidity? Maybe these people were looking for a low risk avenue to generate positive returns? The reality is there is no free lunch in trading. Those who seek to avoid risk get further embroiled in it. So how does avoid these type of scams? I would suggest managed accounts. In a
Filed under Investment Fraud by on Aug 16th, 2010. Comment.
Our first home equity loan
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Wells Fargo to pay Surprise .5 million in investment dispute
City sued Wells Fargo for an investment that city claimed was fraudulent, lost more than M.
Read more on The Arizona Republic
Cash-out refinance is best choice
A couple wonders about the most sensible way to finance their home improvement project.
Read more on Bankrate.com via Yahoo! Finance
Cash-out refinance is best choice
Dear Dr. Don, I am considering refinancing my home. My wife and I are 52 and have a mortgage balance of 2,000 at 5.5 percent with 23 years remaining on the loan. Our home is worth about 0,000. We need to do some home improvements — new windows and a furnace.
Read more on Bankrate.com
Filed under Home Equity Loans by on Jul 26th, 2010. Comment.
Question by sparky slade: What is the sentence for investment fraud?
I am about to be indicted for investment fraud and forgery it was a low amount only 0 ,000 but i am still terrified that i am going to go to prison . what do people think
Best answer:
Answer by Little Hussein
Ask Bernie Madoff what the sentence is ……….. ROFLMAO !
BTW ………….. glad to hear you got caught !! People that steal pension money are VERMIN SCUM !!
I hope you get LIFE !! ………. and chances are good you WILL !!
Remember …………….. Vaseline is your FRIEND !! Bernie says he`d never go to prison without it ………….. LOL………. LOL ………. LOL ………
Know better? Leave your own answer in the comments!
Filed under Investment Fraud by on Jul 4th, 2010. 1 Comment.
Investment manager pleased clients — until his criminal past emerged
Bruce Fred Friedman is now accused of running a 0-million Ponzi scheme. He denies doing so. The case draws attention to a gap in the oversight of those who run private investment funds. After she retired as a legal assistant, Patricia Hank took her financial planner’s advice and invested her 0,000 retirement savings with Sherman Oaks investment manager Bruce Fred Friedman.
Read more on Los Angeles Times
Protecting seniors from financial abuse
The Elder Investment Fraud and Financial Exploitation project will train social workers and doctors to detect fraud against seniors who may be more vulnerable. Despite the headlines about con artists like Bernie Madoff, your chance of getting swindled out of your life savings is relatively slim. But the possibility grows as you get older.
Read more on Los Angeles Times
Filed under Investment Fraud by on Jun 21st, 2010. Comment.
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