Investment fraud cost investors over $3.25 billion last year, the most in a decade, and this video could save you hundreds of thousands. I’ll show you how these scams work, explain the types of investment scams and reveal the warning signs so you don’t become a victim.
The SEC reported a surge in investment fraud last year and it could be just the tip of the iceberg. That’s why I bumped two scheduled videos to move this one up, and to warn you about all the types of investment scams.
One of the best ways to avoid investment fraud is just to have a set plan for investing. Know which stocks you want to buy and which platforms you’ll use. Watch this video for my complete 12-month investing plan to build your first $1000 portfolio. [ Ссылка ]
The average victim of investment fraud loses $867,000 with thousands of investors getting caught in these each year. The problem is, we don’t even see a fraction of these scams revealed because investors never know they were scammed. They lose money but just assume it was because of the stock market, not a fraud.
So I’m pulling the curtain back on the entire topic to show you how investment fraud works and the warning signs to help you avoid losing your money. I’ll start with some disturbing statistics on investment fraud, how many are committed each year and why it’s on the rise. I’ll then show you how these scammers operate and define each type of investment fraud. I’ll help you see the difference between a pyramid scheme and a Ponzi scam. I’ll also reveal the most dangerous penny stock scam on YouTube, the pump-and-dump scheme.
We’ll look at the Bernie Madoff scam and how he got caught. I’ll use examples from the Madoff Ponzi scheme to show you warning signs of investment fraud. Then I’ll reveal the seven biggest signs of a scam and what to do if you think you’re a victim.
0:45 How Much Does Average Investor Lose in Investment Fraud?
1:00 How Many Investment Scams are there Each Year?
2:40 How Investment Fraud Works
3:40 What is a Pyramid Scheme?
4:20 What is a Ponzi Scheme?
6:20 What is a Pump and Dump Scam?
7:45 Warning Signs of Investment Fraud
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Joseph Hogue, CFA spent nearly a decade as an investment analyst for institutional firms and banks. He now helps people understand their financial lives through debt payoff strategies, investing and ways to save more money. He has appeared on Bloomberg and on sites like CNBC and Morningstar. He holds the Chartered Financial Analyst (CFA) designation and is a veteran of the Marine Corps.
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