Beware of Securities Fraud
Financial fraud such as security fraud is on the rise due to modern technology. This means that committing fraud is much easier and the end result is the loss of millions of dollars to unsuspecting individuals. One such scam that is increasing is security fraud where a person gives money to an investor based on untrue information. The amount of money lost can be huge and it is not unrealistic for an individual to end up in severe debt and financial difficulty.
Be aware that many security frauds take place on the internet. This makes perfect sense when you stop to consider that the web is often referred to as the information super highway. Millions of people access the web worldwide to gain valuable information about investing and countless other topics. Criminals take advantage of this by spreading false information in the hopes of drawing in willing investors. It is important to investigate their credibility before parting with any of your money.
Watch out for investments that guarantee extremely high returns. If it seems too good to be true it most likely is. Be sure the claims are verifiable and if they are not, do not invest. Be sure to examine the address where payments are being sent and think twice before sending any money to a P.O. Box or a foreign address.
The internet has made gathering information quick and easy. It has also created a fertile ground for disreputable salesmen. The SEC and FBI have divisions to investigate internet security fraud, but the best protection you have is your own discretion. Investigate an on line company thoroughly before committing to any type of investment. In your eagerness to make money don. t turn your investment into debt.