Articles Posted in Investor Alerts

March, 2012: How to Protect Yourself from Worthless Stock Scams: Regulators often refer to worthless stock scams as “recovery room operations,” “advance fee schemes,” or “reload scams” because the perpetrators prey on individuals who lost money once and are willing to invest even more in the hope of recovering their losses. Here are several ways…

March, 2012: In our continued effort to educate the investing public about various aspects of the securities markets and fraudulent activity associated therewith, we are providing the below information. Because this information is being provided for educational purposes only, it should not be relied upon as providing legal or investment advice. Moreover, it is not…

Prime Bank Note Fraud What can we say? Here is another one. International fraud artists have invented an investment scheme that supposedly offers extremely high yields in a relatively short period of time. In this scheme, they claim to have access to “bank guarantees” that they can buy at a discount and sell at a…

Letter of Credit Fraud: It is amazing how many different types of investment schemes, fraudsters can create and manipulate to get their hands on your hard earned money. Here is another one, letter of credit fraud. Legitimate letters of credit are never sold or offered as investments. They are issued by banks to ensure payment…

The growing use of the Internet has created a plethora of new opportunities for fraudsters. This post contains some tips for avoiding (1) Internet auction fraud, (2) non-delivery of merchandise and (3) credit card fraud. Before entering into a transaction over the Internet, please consider the following. Once a fraudulent transaction takes place over the…

Telemarketing Fraud #1: There are two types of unsolicited communications that have the potential of causing serious adverse financial consequences on unsuspecting individuals, especially seniors. One form of such communication is through the internet. The other is an unsolicited telemarketing call. This post relates to the later form of solicitation but many of the comments…

Nigerian Letter or “419” Fraud: The reason that I decided to publish this post is because I have been receiving a number of emails specifically relating to the contents of this post. There is no question that these are mass emailing being sent to unsuspecting individuals, including seniors. Therefore, it is important for you to…

Researching Investments: Before considering any type of investment, it is prudent that you conduct what is called due diligence. Due diligence is generally defined as the care that a prudent person exercises to protect their property. Due Diligence is much easier to perform when dealing with public companies. Even then due diligence is difficult ,…

It seems like pyramid and multilevel marketing scams have been around for ever. With all the money that people have lost in these schemes, one would think that they would have disappeared under their own fraudulent weight. But, I guess the only saying that “there is a sucker born every minute” keeps these frauds alive…

You have heard of the word fishing but what about its cousin “phishing.” Please read below to gain valuable knowledge about what “phishing” is and how to protect yourself. Watch out for “phishy” emails. The most common form of phishing is emails pretending to be from a legitimate retailer, bank, organization, or government agency. The…