Business Investment Scams

Tempted by those ads for business or investment seminars that promise to make you rich quick? Here’s a hint - someone will definitely make money, and the Federal Trade Commission says it will probably be the seminar huckster who takes yours. Don’t let concerns about feathering your retirement nest cloud your good judgement. If you plunk down money to buy into a "business opportunity" at a seminar - particularly one accompanied by high-pressure sales tactics - you may find that the products and information you purchase are worthless. Typical scams focus on how to buy and sell real-estate, operate a home based business or invest in foreign currencies. Check out the FTC’s new brochure - The Seminar Pitch: a Real Curve Ball. It’s available free on the agency’s web site at http://www.ftc.gov or by calling 202-382-4357.

Resource: Kiplingers, "Managing Money," Oct. 1998

                 

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