Investors Beware of New Crop of Scams

Summary


Get-rich-quick schemes prosper in times of economic uncertainty, so it's no surprise that we're seeing a variety of products and practices designed to separate you from your hard-earned money.

Mention investment scams, and we think first of Bernie Madoff, who is serving 150 years in federal prison for stealing $18 billion from investors, or maybe Jim Nicholson, the former Saddle River hedge fund manager who got 40 years for defrauding investors out of $140 million.

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Extract


Investors Beware of New Crop of Scams

But for every high-profile thief, there are dozens of others who are known mostly to their victims, the people -- friends and relatives often included -- they sweet-talk them out of their life savings.

That is especially true these days when investors, seeking alternati...

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