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All investments carry some degree of risk, but there's a distinct line between a risky investment and a downright scam. Unfortunately, scams are prevalent. According to data from the Federal Trade...
Shipping investments are a form of alternative investment into an asset related to worldwide shipping. This could be into ships themselves, or a related asset such as shipping container , with the expectation of capital appreciation, dividends , and/or interest earnings.
Investment scams often rely on similar techniques, but without the crypto spin. The Better Business Bureau, or BBB, considered the combined crypto and investments scam to be the riskiest scam in ...
“Investment scams always promise high, unrealistic returns with little or no risk,” McGlynn said. “Remember that if an offer seems too good to be true, the chances of it being true are remote.
The container is first switched for an identical one which contains no money, and a situation is engineered giving the mark the opportunity to escape, with the money, from a perceived threat (e.g., local police or rowdies). If the mark does so, he is fleeing from his own money, which the con artist will have kept or handed off to an accomplice.
An investment that continues to generate regular positive returns regardless of overall market conditions is considered suspicious. Unregistered investments. [19] Ponzi schemes typically involve investments that have not been registered with financial regulators (like the SEC or the Financial Conduct Authority ). Registration is important ...
This type of pitch is often a sign of an investment scam, so it may be best to avoid it entirely. What to look for instead: While investments like Treasurys and CDs are not risk-free, they are ...
Mutual Benefits Corporation was a Ft. Lauderdale, Florida based investment sales company that operated a huge ponzi scheme selling viatical settlements, with investors losing an estimated $835 million. The principal ring leader of the scam was Joel Steinger.