Multimillion investment scam in the Eastern District

Normally this sort of thing seems to occur in the Southern and Northern Districts of Texas (at least, ones of this scale)

http://www.justice.gov/usao/txe/News/2014/edtx-ffetf-mcduff-041614.html

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.

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

 

Investment Fraud in the Southern District

Interesting investment fraud scheme in the Southern District of Texas

http://www.justice.gov/usao/txs/1News/Releases/2013%20December/131218%20-%20Jordan.html

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.

                                             

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

 

Investment Scheme Fraud in the Eastern District

Investment scheme fraud in the Eastern District of Texas

http://www.justice.gov/usao/txe/News/2012/EDTX_FFETF_BROWN-LOUDER%20092612.html

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.

 

http://www.tauskvega.com

 

----------à>>>>>>>>>>>>>>>gene tausk

Distractions and Diversions 8

We have said often before on this blog but it bears repeating - a good (and honest) financial advisor is one that is interested in your long-term financial goals.  Unfortunately, a lot of investment fraud (which is a great deal of fraud in the first place) occurs when people place their money with the wrong advisor.

     As we have seen in this latest thread, if your advisor is wants you to be distracted from the investment, if he is not telling you the reasons for the investment or, once again, the how and why of the investment, there is an issue.  Every con artist who ever ran a three-card monte racket or a "hide the ball" game is familiar with distractions.  Con artists use distractions and diversions as part of their strategy.  Like a good magician (who is at least honest in saying that his "magic" is the art of diversion and illusion), you are looking one way when the real action is happening in another corner.  You are meant to be distracted so that you do not have the interest, or the time, to find out what is really going on.

     Next week we will be starting another thread.

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.

http://www.tauskvega.com

----------à>>>>>>>>>>>>>>>gene tausk

Distractions and Diversions 6

So - as discussed, a real financial advisor is interested in telling his clients how and why the investments work.  He wants his clients to be fully fluent in the knowledge so that the clients know why the investment counselor is making these choices for his client.  The investment counselor does not want his clients to be distracted by trivialities.

     The con artist, however, the less-than-honest investment counselor is always looking for a distraction so that the investor does not have the time (or the initiative) to find out how and why the money is being invested in a certain way.  The "sexy girl" in this case is a metaphor for some type of device that keeps the client distracted.  The client should be focusing (according to the shady investment counselor) on the distraction, not on the real issues.  Then, like the three card monty or the shell game that is prominent on boardwalks, suddenly the investor finds that his money is gone and he has no way to account for his loss.

     So - the real question - is your investment counselor focusing on the how and why of investments, or is he simply trying to blur your focus?

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.

http://www.tauskvega.com

----------à>>>>>>>>>>>>>>>gene tausk

Distractions and Diversions 5

OK - back to reality

     So, in the last post, we asked if the attractive person was being used to distract you from the actual investment.  This is nothing more than playing the "3 card monte" game on a boardwalk and having the huckster employ a pretty woman to distract the person playing (usually the pretty woman is a confederate). 

     But, for "serious" investments, it may be obvious for a so-called "financial advisor" to employ an attractive woman.  But, attraction is carried by many different devices.

     One of the more common tactics of a scam artist/scam investment counselor is to continually try and distract the investor with the promises of returns rather than focus on the actual mechanism of the returns themselves.  In this case, the "attractor" is the promise of the high rate of returns which is used to distract the investor from the way the returns are supposed to be made.  A good, and real, investment counselor will want his clients to know how the returns are being made rather than future rate of returns. 

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.

http://www.tauskvega.com

----------à>>>>>>>>>>>>>>>gene tausk