“You need to do much more due diligence than just clicking on a Web site”
Now that everyday savers know that real estate isn’t always a sure bet — and yes, stocks can sizzle — it’s smart to spotlight a deluge of bogus deals that could lead you to lose a buck fast.For the gullible investor, we have spam e-mails that tout no-name stocks that are trading for 20 cents a share. The stocks are so hot, these e-mails say, that the price could hit $2 in days.We’ve also got scam Web sites, scam lunches and even serial scams.Jack McCreery, senior counsel for the Office of Investor Education & Assistance for the U.S. Securities and Exchange Commission in Washington, has been traveling around the country warning investor groups of scams. This spring, a friend heard him speak at the Great Lakes Coalition Better Investing Regional Conference in Ypsilanti, Mich. And she told me he had some great advice, so I gave him a call. Read more
Read More… (From Email Spam News)
