Swindlers and the power of persuasion

Fraudsters use 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…

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Corporate fraudsters: Are UK laws tough enough?

Why are the US government's fraud laws more strict?

Several articles discussing UK fraud laws have been knocking about over the past week, and a few of them ask a fascinating question: Compared to the USA, is the UK tough enough on corporate wrongdoing? It’s safe to say the answer is ‘No’. Now, by no means is the American justice system due any praise…

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Lessons to learn from the Theranos investment fraud

Lessons to learn from the Theranos investment scandal

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…

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CEO Holmes found guilty of investor scam

High-profile CEO Elizabeth Holmes found guilty of fraud

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…

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Due diligence, the best remedy for cons and scams

Research your investments

Navigating the world of investments is no mean feat. It’s almost like walking through a beautiful bazaar with lots of shiny items, and smiling vendors luring you into buying their sparkling goods. They all look good from the off, so how are you supposed to know who’s offering a good deal? Luckily, in the world…

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Navigating the world of scam investments

Navigating the world of scams

Trying to understand the world of investments sometimes feels like wading through a minefield. Frankly, it can be a little overwhelming. Let’s say you’re ready to invest your hard-earned cash, but don’t know where to start. The first aspect to get savvy on is scams! Get familiar with the different types. Due to technology, they…

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