As Financial Scams Go Global, Here’s How to Avoid Being Stung

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[This is the sixth installment of a new series that is exploring ways for investors to recover from the U.S. financial crisis.]

Bernie Madoff's guilty plea to a decades-long $50 billion-plus Ponzi scheme pretty much guarantees the 70-year-old will have his likeness immortalized on the Mt. Rushmore of scammers.

The former NASDAQ chairman's December arrest – with collapsing U.S. and overseas stock markets as a backdrop – kicked up a firestorm that has forced investors to take a much-closer look at who was managing their investments. Scores of investors have lost their life savings, retirees found their nest eggs gone and countless charities discovered that they were essentially out of business; the cash that they once handed out to worthy causes had disappeared.

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  1. Investment Property Rumours | March 20, 2009

    With the decline in the economy continuing on a global scale, more and more scams are appearing across wider markets. Keep up the good work! The scams will never completely disappear, but if the warnings are there and people heed them, there does come a point where scamming becomes unviable.

  2. Walter Stanny | March 30, 2010

    The Provincial Government of Alberta in Canada

    March 29, 2010, Edmonton

    Hon. Alison Redford, Minister of Justice and Attorney General for Alberta

    Dear Ms. Minister:

    Please be advised that I will not take any legal steps against your government for abuse I have surfed from bloody hands of your employees.

    Please visit the website http://www.xlibris.com/WlodzimierzWalterStanny.html
    to learn how to screw the bank and government for millions.

    Sincerely yours,

    Wlodzimierz W. Stanny M.Sc. (PL)

    nb. e-mail this to a friend, thank you!

  3. JOHN BERNARD WILLIAMS | June 4, 2010

    HOW DOES INVESTMENT U TRACK AND RATE AS A RESEARCH NEWSLETTER

  4. Avery Coonfare | June 5, 2011

    Thanks for a really interesting read, learn quite a few tips here, trying hard to improve my credit , i did a consumer proposal 7 years ago and just now i am starting to rebuild my credit slowly but surely and trying to avoid that credit card trap.

  5. Stephen Holder | August 16, 2011

    I look forward to reading your newsletter which my wife subscribes to.

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