The Top 10 Investing SCAMS – What to watch out for!!!

HAT TIP:  Ric Edelman Financial (Education / Financial Basics)


Hello Dinarian Friends,

Well, we certainly have been busy digging up articles to help teach you how to better protect yourself and your family from having this RV blessing scammed away from you by some Hack Guru or other Con Artist that have been poaching from our community!

We wanted to share this with you if you have not heard about Ric Edelman.  Disclaimer, no, none of us currently have anything invested with Ric or his Company of Financial Advisors, nor do we earn any kind of referral commissions.  You are more than welcome to Google Ric Edelman directly. 


Top 10 Scams of 2009

Despite efforts to curb fraud and consumer rip-offs, con artists continue to demonstrate their ingenuity. In 2009, swindlers took advantage of the economy’s problems (including unemployment, government stimulus spending and the housing crisis) and headlines about swine flu to lure victims, according to the Better Business Bureau.

Here are the most common scams, according to the BBB’s list (in random order):

1. Stimulus/Government Grant Scams (very popular now!).
Even before President Obama announced the stimulus plan in February 2009, scammers had set up schemes for misleading consumers and small business owners into thinking they could get free government handouts. Offers for worthless advice on how to get government grants bombarded consumers online, over the phone, and via mail and email.

2. Robocalls.
Owning a cell phone or joining the Do Not Call Registry did not help thousands of people who received harassing automated telemarketing calls anyway. Automated messages often falsely claim that your auto warranty is about to expire or offer bogus help in reducing credit card interest rates. Such “robocalls” violate federal telemarketing laws, prompting the Federal Trade Commission to increase restrictions in 2009.

3. Lottery/Sweepstakes Scam.
The victim receives a Continue reading