Avoid Money Scams

Unfortunately not all scams can be so easily spotted.  Sometimes dishonest people simply get into positions of power where they can abuse that power for their own personal gain.  Associated Press business writer Marcy Gordon released a story talking about one such case.

The concern here is that this kind of fraud affects many, many people.  Many of the defrauded investors are people with significant incomes, the kind of people who employ other people.  This means that for some of us we get impacted indirectly.

The message to those who are going to invest their money is very clear.  Be absolutely sure of whomever you decide to give your money to.  There is alwasy the risk that you won’t get it back.  Prosecution is all good and well, but it doesn’t restore your pocketbook.

I don’t know if any amount of research could have uncovered the faud earlier, but it could possibly have helped.

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