Fraudsters Hone Art of Disguise
March 15, 2012
Tried-and-true financial frauds – Ponzi schemes, high-yield investments, and “pump and dump” stock scams – have victimized unsuspecting targets for decades, even centuries.
These well-known frauds are effective, because con men change their disguises so they won’t be recognized. Six common disguises are detailed in a report I wrote for the Financial Security Project at Boston College’s Center for Retirement Research, which hosts this blog.
Comments are closed.
Putting emphasis on the most common financial frauds and disguises will prevent future victims from falling for the illegal traps around them.