By: DFree | June 10, 2010 | Ponzi Schemes
Here is yet another sad story of investors who listened to the wrong person and lost more than $86 million in a ponzi scheme. If the investors involved had raised these questions, disaster may have been averted:
1. Who is the person I’m going to work with? Am I relying solely on their reputation to make my investment decision? What is their background, experience, credentials, business practices?
2. Am I being greedy? Wow, a 17.5% return on investments seems too good to pass up.
3. Should I ask this person to supply me with any form of written documentation about this investment?
4. I wonder how this investment can continue to produce high (and steady) returns year after year, given the market conditions?
5. What’s the purpose of the “free lunch” seminar? What are they trying to sell me?
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