Protect Yourself From the Next Investment Scam - Yahoo! News
By Dayana Yochim Dayana Yochim – Wed Oct 21, 12:30 pm ET
There are a lot of shady people hoping that you're after instant riches -- or at least a boost toward making up for your recent stock market losses. Boy, do they have the sales pitch down pat. There are tax scams, penny-stock huckster scams, instant-messaging scams, Nigerian confidence scams, mortgage-servicing scams, wrong-number pump-and-dump scams, bad-roommate-from-Craigslist scams. I could go on, but my keyboard is out of breath.
How can you tell if an investment pitch is a scam? Unfortunately, there is no foolproof system. So occasionally we get a Bernie Madoff in the mix. However, there are telltale signs that something's not right. Here are the top six:
By Dayana Yochim Dayana Yochim – Wed Oct 21, 12:30 pm ET
There are a lot of shady people hoping that you're after instant riches -- or at least a boost toward making up for your recent stock market losses. Boy, do they have the sales pitch down pat. There are tax scams, penny-stock huckster scams, instant-messaging scams, Nigerian confidence scams, mortgage-servicing scams, wrong-number pump-and-dump scams, bad-roommate-from-Craigslist scams. I could go on, but my keyboard is out of breath.
How can you tell if an investment pitch is a scam? Unfortunately, there is no foolproof system. So occasionally we get a Bernie Madoff in the mix. However, there are telltale signs that something's not right. Here are the top six:
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