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Financial Fraud: 6 Simple Steps to Protect Yourself
Financial fraud doesn’t start out ugly…
It all began in 1994, when one of my brother’s college buddies began talking about the big checks his girlfriend was receiving as a member of a hot, new Multi-Level-Marketing “opportunity.” His friends joined and soon convinced others to enter. Business was booming.
Then the money stopped.
Like many of these stories, the company went under – its investors and many of its employees were out countless millions – many losing more than just money.
And now I had the opportunity to sit down with the founder of one of these debacles. One who had wantonly misspent…
5Mar2009 | Investment U | 0 comments | ContinuedFinancial Fraud: 3 Easy Steps to Avoid “Bad†Investments
Three weeks ago, in Investment U Issue #898, I promised you a 30% return on my “Keynesian investment strategy” of buying a deeply discounted fund, the John Hancock Preferred Income Fund (HPI).
Guess what? It’s already achieved the goal of 30% return (including a nice dividend).
Today, I’ll show you how to keep your hard-earned profits from being stolen by some unscrupulous broker or money manager through financial fraud.
Sadly, quite a few wealthy individuals lost their entire fortune and are now penniless because they invested their money with Wall Street veteran Bernie Madoff. He is alleged to have lost $50 billion.
By taking some…
8Jan2009 | Investment U | 0 comments | Continued
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