Investor’s Watchdog’s experience has been that extravagant spending is . . . a reliable indicator of an investment adviser who is spending his clients’ money.
Just because a trend is in the news, does not mean that the person trying to sell you an investment has found a profitable way to capitalize on it.
Among the scams I predicted would come to the fore are green energy scams. This week the SEC commenced an enforcement action against what they allege to be just such a scam . . ..
Never invest any substantial percentage of your net worth in penny stocks; they are dangerous.
This week, the U.S. Securities and Exchange Commission (SEC) validated IW’s safety rating when it charged Jennings with operating a $53 million Ponzi scheme.
Investment seminars have proven to be a reliable tool for selling phony investments. You can imagine why.
The mild-mannered accountant or broker who has always been so responsive might be spending your nest egg on the weekends.
May found the climate too hot once federal investigators began looking into his operation. He was on the run for three months before the U.S. Marshal’s service caught up to him in San Francisco, where he was living under an assumed name.
The loss was completely preventable. A thorough, pre-investment investigation of the investment would have raised bright red flags that would have led investors to keep their money.
Movie Producer Accused of Running a Ponzi Scheme
According to prosecutors in Santa Ana, California, Mahmoud Karkehabadi (aka Mike Karkeh) orchestrated a multi-million Ponzi scheme, telling prospective investors that their money would go to finance movies starring the likes of Flavor Fav and mixed martial artist Quinton “Rampage” Jackson.