Show notes
According to a study prepared for the Financial Industry Regulatory Authority Investor Education Foundation, 84 percent of Americans have been solicited with a potentially fraudulent investment offer.
How can you know when an offer, recommendation, or deal is a fraud or legit?
In This Episode We Look At:
- Ponzi schemes that destroyed lives and the perpetrators that pulled them off
- Incredibly destructive advice from some well-known financial magazines
- There are no sophisticated investors. We mention some rather famous people who were duped in Ponzi schemes.
Today's Resources and Links:
- Study prepared for the Financial Industry Regulatory Authority Investor Education Foundation
- "Madoff with the Money" book from Amazon
- Brokercheck Website
One Thing You Can Do Today to Improve Your Financial World:
- Always know who actually has your money by utilizing a member SIPC third party custodian. These member organizations will have insurance to cover you in the event of their fraud.
What Are Your Thoughts?
If you have a question or comment about today's topic, we invite you to share your thoughts.