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HomeSucker Born Every Minute: Top Ten Investor ‘Threats’
Posted by Larry Doyle on February 5th, 2013 8:41 AM |
“A con artist will use every trick in the book to take advantage of unsuspecting investors, including exploiting well-intended laws, in order to fatten their wallets.”
– NASAA Past-President Jack E. Herstein
“There’s a sucker born every minute.”
Although widely attributed to the 19th century showman P.T. Barnum, the above oft-referenced quote was actually delivered by Barnum’s main competitor, George Hull of Binghamton, New York. While Hull played his elaborate scam of discovering a giant back in 1869, there are no less sophisticated cons at work this very minute.
The North American Securities Administrators Association cautions investors about the following top investor threats from 2012. In true David Letterman fashion, let’s count down the Top Ten: (more…)
