The Perils of Financial Fraud

When something is too good to be true, run away.¬† From today’s WSJ:

If someone tried to interest you in an investment that, supposedly, returned 110{030251e622a83165372097b752b1e1477acc3e16319689a4bdeb1497eb0fac93} annually or one that was “fully guaranteed,” would you walk away? Or would your curiosity get the best of you? Remarkably, more than four in 10 surveyed adults age 40-plus found the (all-but-impossible) idea of more than doubling one’s money each year “appealing,” and 43{030251e622a83165372097b752b1e1477acc3e16319689a4bdeb1497eb0fac93} had the same reaction to a “guaranteed” product.

Here are some of the top “scams”

Scams

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