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Warning Signs Of Investment Scams

Wednesday, May 16, 2012 - 5:33 AM
From Clark Howard's show notes:
Here's what you need to know: When somebody promises great returns on your money, and that they're the ones who have figured out a secret way to do it, well, be skeptical. Ask yourself this: If they're really making those great returns they promise, why do they need me? They should have more than enough money on their own. The answer is that they don't need you, it's just a ruse.

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Have you known people who lost money on ponzi schemes or investment scams?

Be aware of online schemes like this one. We might see more of these with so many people desperate for yield. In this post I described the benefits of sticking with federally insured banks and credit unions.
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Ken TuminKen Tumin5,442 posts since
Nov 29, 2009
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