Beware of Investment Fraud

in Investment

All of us want to get rich faster, who wouldn't want to? If I were given a chance to be a millionaire in a day, I'll surely grab the opportunity. That's why there are lots of investment schemes available around us. One way of making quick money is putting your cash in profitable investments. You can either do investment in stocks, mutual funds, real estates and others. I for one, greatly admire financially successful individuals in the field of investing especially those who started with nothing then eventually made it big. But with different investments around the corner, sometimes we neglect to consider investment fraud.

Yes it's true. There are also bogus investments offered by some firms or individuals. What they will do is for you to invest your money and you'll never hear from them again. It's really sad but it's the reality. Investment scams can be anywhere. You've probably heard stories of some investors who lost their money with some fake investments. Actually, the said scams have grown into a large proportion and victims crying for their losses. That kind of experience can be traumatic. Just imagine your money being fraudulently taken away from you. If you've worked hard for the money and your main objective in making the investment is for your future, then your bright future is doomed.

So, you better be knowledgeable about investment fraud. You must remember the basic signs of fraudulent investments. You must be aware of all the signs so when you are approached by one you'll know what to do. Basically, the first sign of a scam is when one promises you to be rich in an instant, meaning those promises that are too far flung or unbelievable. Don't easily believe those craps. Heck, first thing you should do is to check the feasibility of the programs. Be skeptical and don't easily give in. Some of the tactics they do is forcing you to invest right away or else you'll be sorry.

Hey, those are standard procedures they do. If you're half convinced whether it is an investment fraud or not, you can check the legality of the program. You can either go the authorized government agency like SEC, Federal Trade Commission and other regulatory agencies. You can even check what scams are circulating around. Educating yourself from fraudulent investments is one way of protecting yourself from potential scam. But when you're already a victim of an investment fraud, do something about it. Don't just cry in there and let those scam artists enjoy your money. Report right away to the proper authorities and make a statement.

Tell the police officers about what happened and all the necessary information like how they have contacted you and name of the company. You can seek the help of an investment fraud lawyer in developing a case against the perpetrators of fraud. That's why as much as possible, your eyes and mind must be open in cases of investment fraud. Remember that investments involved money and you should protect your investments from possible scams.

Author Box
Rick Goldfeller has 1 articles online

The author of this article Rick Goldfeller is a successful underground Financial Analyst who has been advising and coaching individuals for many years. Rick recently published a book on how to manage your money and attract Wealth and Financial Freedom. More info on his Finance Planning course is available at http://www.SaveWhileYouSpend.com.

Add New Comment

Beware of Investment Fraud

Log in or Create Account to post a comment.
     
*
*
Security Code: Captcha Image Change Image
This article was published on 2010/03/31