Lesigner Girl
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Registered: 11-2005
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Financial experts are more susceptible to investment scams?
Fraud Doesn't Always Happen to Someone Else Clever Ponzi scheme perpetrators like Bernard Madoff persuade investors to keep sending in money.
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The typical investment-scam victim is an optimistic married man in his later 50s who has a higher-than-average knowledge of financial matters and deep confidence in his own judgment, according to research funded by the Financial Industry Regulatory Authority's Finra Investor Education Foundation.
Emphasis mine. I would expect someone with knowledge of financial matters to realize that Ponzi schemes never work. It's simple math!
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2/9/2014, 11:00 pm
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SKOKEY
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Re:
They probably just haven't learned the old saying - "If it sounds too good to be true..."
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2/9/2014, 11:45 pm
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Lesigner Girl
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Re: Financial experts are more susceptible to investment scams?
The same saying came to my mind, too.
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2/10/2014, 12:52 am
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Lesigner Girl
Minerva
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Registered: 11-2005
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Re: Financial experts are more susceptible to investment scams?
He's the genius, I'm the common sense.
Perfect!
Seriously. It's a great combination! Now if I could just get my dad and step mom to listen to me before signing up for any more schemes.
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2/12/2014, 12:08 am
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Queenyforever
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Re: Financial experts are more susceptible to investment scams?
It's worked for us....That and the fear that I would kill him if he did something that stupid!
My parents are very savvy. They do question everything. And now with us here, they can just call and ask...
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“Freedom and democracy are dreams you never give up.”
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2/12/2014, 6:22 pm
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Lesigner Girl
Minerva
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Re: Financial experts are more susceptible to investment scams?
Excellent!
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2/12/2014, 7:23 pm
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