The New Charles Ponzi of The 21 Century!
It seems true to say, Barnard Madoff is the new Charles Ponzi. Investors put much faith in Madoff and considering the current state of things in the fanancial markets, it is a real shame that this man could betray so many good investors! At this point Madoff Type Stock Scams have really impacted countless people around the globe.
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
Wallstreet and Mainstreet have been ruined by this kind of corruption! So future stock investors be warned! Because this is a text book lesson and we must learn from these types of scams to avoid this terrible financial lost in our investing years to come.
The infamous Charles Ponzi of Boston developed the ultimate scam "The Ponzi Scheme" and in the 1920's cost investors million of dollars! Rather than making profitable investments with the money of new and unsuspecting investors, a ponzi operator was giving away the money of new investors to older investors to make them happy.
Barnard Madoff's Empire like Charles Ponzi's Empire before him had a destiny of failure and an a appointment with the Big House. But at this point there is much to learn from these two scam artist, and we better take the time to learn because if we don't, guys like these could make all stock investors pennyless!
First of all, it is always important to diversify when investing. Madoff Type Stock Scams thrive on ignorant investors. Make sure to put your funds in a variety of investments. It is too risky to put every dollar of your financial assets into just one. Another tip is to avoid investments that look too good to be true.
Absolutely amazing offers are often the sign of a scam. Madoff promised high returns on investments with low risk and plenty of liquidity. He was offering incredibly secure investments with good returns. While solid investments do exist, you are certainly not going to find ones as amazing as what Madoff was offering. These sorts of "Fantastical Guarantees" should let you know that a scam is going on!
We pay taxes to support services to help us and some tax money goes to The SEC. But in The Madoff Affair The SEC did next to nothing? We all know YOU ARE TAKING A RISK WHEN YOU INVEST and this risk should be under the umbrella of The SEC, but it certainly was not in The Madoff Affair. Madoff scamed large banks savvy stock brokers, people with MBA's and more, so if you were just a Madoff average investor I would not feel too bad because Mr. Madoff got the best of them. Of course if you were a Madoff Victim there is a great website you can go to for help: bernardmadoffvictims.com
You can keep from being scamed most times by using good research, but the fact is we all get taken for a ride sometimes. Hedge Funds are very risky as an investment so for the individual investor it would be safer to stay away from them. In this economy today to retain your investment captial or have a better chance of keeping your investment captial at the minimum, stick with much safer Mutual Funds, Bank CD's, or even Gold. The economy may or may not get better soon, so your saftest course in 2009 may just be to leave most of your money in the bank. (c) 2009 William R. Wiedow Ph.D. - 23218
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
Wallstreet and Mainstreet have been ruined by this kind of corruption! So future stock investors be warned! Because this is a text book lesson and we must learn from these types of scams to avoid this terrible financial lost in our investing years to come.
The infamous Charles Ponzi of Boston developed the ultimate scam "The Ponzi Scheme" and in the 1920's cost investors million of dollars! Rather than making profitable investments with the money of new and unsuspecting investors, a ponzi operator was giving away the money of new investors to older investors to make them happy.
Barnard Madoff's Empire like Charles Ponzi's Empire before him had a destiny of failure and an a appointment with the Big House. But at this point there is much to learn from these two scam artist, and we better take the time to learn because if we don't, guys like these could make all stock investors pennyless!
First of all, it is always important to diversify when investing. Madoff Type Stock Scams thrive on ignorant investors. Make sure to put your funds in a variety of investments. It is too risky to put every dollar of your financial assets into just one. Another tip is to avoid investments that look too good to be true.
Absolutely amazing offers are often the sign of a scam. Madoff promised high returns on investments with low risk and plenty of liquidity. He was offering incredibly secure investments with good returns. While solid investments do exist, you are certainly not going to find ones as amazing as what Madoff was offering. These sorts of "Fantastical Guarantees" should let you know that a scam is going on!
We pay taxes to support services to help us and some tax money goes to The SEC. But in The Madoff Affair The SEC did next to nothing? We all know YOU ARE TAKING A RISK WHEN YOU INVEST and this risk should be under the umbrella of The SEC, but it certainly was not in The Madoff Affair. Madoff scamed large banks savvy stock brokers, people with MBA's and more, so if you were just a Madoff average investor I would not feel too bad because Mr. Madoff got the best of them. Of course if you were a Madoff Victim there is a great website you can go to for help: bernardmadoffvictims.com
You can keep from being scamed most times by using good research, but the fact is we all get taken for a ride sometimes. Hedge Funds are very risky as an investment so for the individual investor it would be safer to stay away from them. In this economy today to retain your investment captial or have a better chance of keeping your investment captial at the minimum, stick with much safer Mutual Funds, Bank CD's, or even Gold. The economy may or may not get better soon, so your saftest course in 2009 may just be to leave most of your money in the bank. (c) 2009 William R. Wiedow Ph.D. - 23218
About the Author:
William R. Wiedow Ph.D. Has had 25 years of experence as a Stock Broker Day Trader and Private Stock/Futures Newsletter Writer. Dr.Wiedow has had a life long passion for uncovering business and investing scams using his contacts in over 34 countries. His insightfull articles on business and investing can be found at: madoffwiththemoney
posted by X - Men @ 3:43 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home