So, how does the con artist get you to invest the "real" money? He already demonstrated that you can make money, and make money quickly and with a higher rate of return than normal investments. This alone is enough to get the mark interested. But - now they have to get you to take the real bait.
One of the most common attempts to get the mark to get your money now is that "the time to invest is closing." Once again, using Bernard Madoff as an example. Madoff had people lining up to join his investment scheme. He could pick and choose (at least, until the entire thing came crashing down). So, when a person had a chance to invest with Madoff, it was made clear that the window of time to invest was only for a limited time. The mark was lucky enough to be "chosen" to invest and people like Madoff did not have all day. So - you either took the opportunity or you let it slip by.
This type of "time pressure" should always be a red flag that something is wrong, especially if you are not give a chance to do your research.
One of the most common attempts to get the mark to get your money now is that "the time to invest is closing." Once again, using Bernard Madoff as an example. Madoff had people lining up to join his investment scheme. He could pick and choose (at least, until the entire thing came crashing down). So, when a person had a chance to invest with Madoff, it was made clear that the window of time to invest was only for a limited time. The mark was lucky enough to be "chosen" to invest and people like Madoff did not have all day. So - you either took the opportunity or you let it slip by.
This type of "time pressure" should always be a red flag that something is wrong, especially if you are not give a chance to do your research.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR IS IT INTENDED TO BE LEGAL ADVICE. IF THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
----------à>>>>>>>>>>>>>>>gene tausk
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