- Warning sign No. 1: Consistent success.
- Warning sign No. 2: Money managers who also act as brokers, and issue their own statements to clients.
- Warning sign No. 3: Managers who use a one-size-fits-all investment strategy.
- Warning sign No. 4: Your friend uses him, so he must be good.
- Warning sign No 5: Your manager has put your entire nest egg under one chicken.
- Warning sign No. 6: Your money manager's supposedly independent audit is done by the unknown Acme Auditors Inc., which has one employee, Wyle E. Coyote.
FraudTalk is a blog focused on the review and discussion of recent significant cases of fraud, corruption and employee misconduct - particularly major embezzlement cases in the US. Fraud Talk is published by Chris Marquet, Chairman & CEO of Marquet International Ltd., an international investigations, litigation support and due diligence firm.
Saturday, December 27, 2008
Warning Signs For Investment Fraud Schemes
The Palm Beach Post published a handy Christmas-day list of warning signs for avoiding investment fraud schemes. The signs are as follows:
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