Alan G.’s Investment Scam Saga
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Note from the Editor:
This article was kindly written for the SDC by member Alan G.
How do you spot an investment scam? How do you find an organisation you can really trust?
Many of us might think we would never be caught like those poor people who have succumbed to even a small amount of greed, but mark my words, it’s really not as easy to avoid as you’d think.
Today’s criminal fraudsters know ways around computers we could only guess at.
I’d always regarded myself as being reasonably ‘computer savvy’ and did plenty of research when it came to how our money was spent online, but I was caught, like many others, by a scheme that seemed so genuine that my greed got the better of me.
We’d saved $20,000 in a separate bank account that was our savings ‘nest egg’, but before the COVID pandemic, when interest rates were quite low, I started looking around at where I could sign up for a ‘term deposit’ that would give me a better return than a regular bank’s term deposit. I investigated a lot of different options, being careful to avoid offers of a high rate that relied on mortgage defaults and so on.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque in diam id erat facilisis consectetur vitae vel urna.
Ut lacus libero, suscipit auctor ipsum sit amet, viverra pretium nisl. Nullam facilisis nec odio nec dapibus. Integer maximus risus et velit porttitor ullamcorper
This article was kindly written for the SDC by member Alan G.
How do you spot an investment scam? How do you find an organisation you can really trust?
Many of us might think we would never be caught like those poor people who have succumbed to even a small amount of greed, but mark my words, it’s really not as easy to avoid as you’d think.
Today’s criminal fraudsters know ways around computers we could only guess at.
I’d always regarded myself as being reasonably ‘computer savvy’ and did plenty of research when it came to how our money was spent online, but I was caught, like many others, by a scheme that seemed so genuine that my greed got the better of me.
Be cautious of anything involving money. Image Credit: Shutterstock
We’d saved $20,000 in a separate bank account that was our savings ‘nest egg’, but before the COVID pandemic, when interest rates were quite low, I started looking around at where I could sign up for a ‘term deposit’ that would give me a better return than a regular bank’s term deposit. I investigated a lot of different options, being careful to avoid offers of a high rate that relied on mortgage defaults and so on.
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Quisque in diam id erat facilisis consectetur vitae vel urna.
Ut lacus libero, suscipit auctor ipsum sit amet, viverra pretium nisl. Nullam facilisis nec odio nec dapibus. Integer maximus risus et velit porttitor ullamcorper
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