Investment Scams
How to avoid social media scams
An increasing number of people are being duped into investing in social media scams. According to the US-based Federal Trade Commission, social media was “…far more profitable to scammers in 2021 than any other method of reaching people.” When you think about it, social media is a scammer’s dream. They have access to the same…
Read MoreTop 7 cryptocurrency scams
Cryptocurrency is a new and fast-moving sector, which is probably why it hasn’t been covered in previous posts. After all, where does one start? Luckily, this question was answered last week after we found evidence of people being duped into handing over large sums. Unsurprisingly, the swiftly-expanding nature and popularity of cryptocurrencies have led to…
Read MoreSwindlers and the power of persuasion
Several posts have referenced convicted fraudster Elizabeth Holmes recently because the Theranos scandal is a good example of how the power of persuasion can lead to innocent investors losing substantial amounts. Many of those who invested in Theranos were shrewd and experienced. And yet, they were completely unaware of the fraud taking place under their…
Read MoreLessons to learn from the Theranos investment fraud
An interesting article in the San Diego Union-Tribune explores the issue of due diligence in the Elizabeth Holmes and Theranos investment fraud case. Author Neil Senturia offers amateur investors sound advice about the unregulated investment market. In his article, Senturia claims that: “… talking to a group of wealthy investors confirmed my suspicion that there…
Read MoreCEO Holmes found guilty of investor scam
Elizabeth Holmes has become the the latest high-profile CEO to be found guilty of an investor scam. The CEO and founder of blood testing start-up Theranos faces sentencing in September after committing two counts of wire fraud, and two counts of conspiracy to commit fraud. Aged 19, Holmes set out to create a cheaper, less…
Read MoreHow to make choices for unregulated investments
There are many companies out there claiming to offer investors glorious returns, the dream scenario. They lure you in with promises and assurances that you’ll get far more investing with them than with banks. While that may be true on occasion, often these investment opportunities are unregulated. What is an unregulated investment? A business must…
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