Wednesday, September 12, 2012

Gene's Three Laws Regarding Fraud

OK - back to Rule 1 - if it sounds too good to be true, it probably is.

     We have discussed this previously, but one of the tactics of fraudsters is to prey on a target's fears and hopes.  We all HOPE to make money and and we are all AFRAID that we will not have enough money for what we want in life.  Obviously, a fraudster uses the false hope of a quick profit, or at the very least the idea that we can "outsmart the market" or "show up the experts" is an alluring thought.

     Keep this in mind, however, whenever examining a statement about investments or any kind of money-making venture.  There are very, very rare cases of people making money overnight.  But, even the best investments (think: Apple), can take years to fully pay off.  If someone is telling you that you can make (a) a great deal of money (b) in a very short amount of time, there should be some questions in your mind.


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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