It may seem like the obvious target of investment scams would be seniors and those without investment knowledge. The truth is however, that no one is immune to investment fraud, as witnessed by the number of wealthy and educated investors that believed in Bernie Madoff. Fraudsters know who to target and exactly what to say to pull the psychological wool over the eyes of their victims. The desire for a big payoff and high returns is universal.
“We all crave easy money. And plenty of it. If we didn’t, no get-rich-quick scheme could be successful.’’ – Charles Ponzi
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