OK - getting back to Johnson's admonition to "guard thy treasure against loss." Johnson's advice is on investing and, as discussed previously, Johnson advises to invest money in small sums at first before risking larger investments.
As an attorney who investigates and defends people from fraud, I can only state that this is the most sound advice in investing I have ever heard. Victims of fraud generally invest most if not all of their money into an investment scheme. This is the greatest problem with fraud victims - they tend to lose everything (or most of it) in these schemes. The loss of any monies is problematic but when an entire life's savings is gone, the tragedy is even deeper.
Investing in a small way at first is not a complete guarantee that a fraud will not happen, but it is a good start. Of course, there is always the old story that a fraudster will entice a small investment at first and then work into a larger one, which is often the case.
But, this is a story for the next post.
As an attorney who investigates and defends people from fraud, I can only state that this is the most sound advice in investing I have ever heard. Victims of fraud generally invest most if not all of their money into an investment scheme. This is the greatest problem with fraud victims - they tend to lose everything (or most of it) in these schemes. The loss of any monies is problematic but when an entire life's savings is gone, the tragedy is even deeper.
Investing in a small way at first is not a complete guarantee that a fraud will not happen, but it is a good start. Of course, there is always the old story that a fraudster will entice a small investment at first and then work into a larger one, which is often the case.
But, this is a story for the next post.
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.
NOTE: ANY INDIVIDUAL WHO HAS NOT PLED GUILTY TO A CRIME OR
WHO HAS NOT BEEN FOUND GUILTY BY A JUDGE OR JURY IS INNOCENT UNTIL PROVEN GUILTY
AS PER THE LAWS OF THE UNITED STATES OF AMERICA.
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tausk
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