According to the United States Code, the collection of federal laws that both define criminal conduct and set the minimum and maximum punishments for violations of such laws, bank fraud is the deliberate use of false, misleading, or out-of-date information with the intent to gain access to property that would otherwise be inaccessible or unobtainable … Read more
Seniors are a favorite target of investment scammers. Persons perpetrating these scams use free luncheons and seminars to lure seniors in to hear pitches for legitimate sounding business opportunities and investments. Seniors are an especially tempting demographic for scammers. They’ve usually amassed a sizeable savings for their retirement and are more likely to have valuable … Read more
The premise is simple: promise high returns to investors and use money from previous investors to pay new investors. Pyramid schemes are a form of the Ponzi Scheme named for famed swindler Charles Ponzi, who in the early 1900’s took investors for $10 million by promising 40 percent returns, these schemes are a perennial favorite … Read more
Short and Distort scams involve short selling a stock while smearing the company with rumors to drive the stock’s price down. Are you familiar with the classic “pump and dump” stock scheme? If so, then short and distort stock scams are the opposite. In a pump and dump scam, people usually on the inside of … Read more
Don’t fall for a con artists stock market hype or you could get caught in a pump and dump scheme and lose your shirt. The terms “pump and dump” refer to the tactics used to falsely hype up a company’s performance so that their stock will be purchased, the price driven up and at its … Read more
This scam begins as an offer to join an exclusive investment program normally reserved for high-roller international investors with a return rate as high as 100%. You receive an offer to get in on an exclusive investment program that’s usually reserved for only the top international financiers. This investment opportunity involves the trade of extremely … Read more
Named after the famed swindler Charles Ponzi, Ponzi Schemes involve paying investors extremely high returns on their investmet out of the money brought in by new investors. Named for famed swindler Charles Ponzi, who in the early 1900’s took investors for $10 million by promising 40 percent returns, these schemes are a perennial favorite among … Read more
PIPs PureInvestor claims that investors can make 2% a day on their investment but it’s nothing but a classic Ponzi Scheme. That’s right, PIPs is a scam. People In Profit or PIPs scams are a recent variant of the Pyramid or Ponzi scheme meaning that PIPs is a scam. The guy at the top (Bryan … Read more
If you sign up as a distributor, you may be promised commissions or other rewards-for both your sales of the plan’s goods or services and those of other people you recruit to become distributors. Is the product you’re selling any good? Many companies that market their products through distributors sell quality items at competitive prices. … Read more
Beware of foreign currency, also known as Forex, trading scams promising returns that are too good to be true. Forex, which is short for “foreign exchange”, currency trading scams lure investors in with the promise of quick, easy money with minimal risk. or at least that’s how the sales pitch goes. You might see advertisements … Read more