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By: David Hunter | May 27, 2009 | Illegal Schemes & Scams

For many of us we used a term over and over without really understanding its meaning. ?Con Man, it sounds simple enough, everyone understands a Con Man will make off with your cash or valuable possessions. ?But did you know that Con is short for Confidence Man. ?By definition it?s; a swindler who exploits the confidence of his victim.

The most recent and high profile con man in history; Bernard Madoff was recently exposed for defrauding billions of dollars from trusting friends, colleagues, and investors. ?What you may not know is why or how it worked. ?At its core root the Madoff scandal preyed on the confidence that people had in Madoff himself, to outperform the markets with their investments. ?With years of data to build up that confidence, why not? ?What the eyes see and ears hear the mind believes; because we want to believe. ?

We are all human after all, and human nature enables us to be taken by con men. ?They understand that deep down you want to believe that they are good and honest folks that have found the secret to riches that no one has ever before found. ?Now looking at it like that you would say that it would be impossible. ?Yet, when presented in a professional manner you start to wonder what if this is true?

Below are some key words to be aware of that could mean trouble.

  • CASH ONLY- this can only lead to bad things for you, your family and your savings.
  • HIGHLY SECRET-this day in age, the only secrets are the ones that can lose you your money or get you in trouble with the law.
  • GET RICH QUICK- Listen carefully, there is no such thing without the opposite risk of get poor quicker.
  • SOMETHING FOR NOTHING- if it sounds too good to be true?. need I say more.
  • MUST MOVE QUICKLY of TODAY ONLY- this indicates they don?t want you to come to your senses.

One good way to avoid being swindled by any Con Man is to consult other professionals for advice. ?If there is a con at work, they will help you find the truth amongst the smoke and mirrors. ?They will also provide an additional layer of common sense to your situation, while injecting professional expertise. This is your best chance of improving your financial situation.

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