Madoff Type Stock Scams Exposed!
Investors put their faith in the likes of Bernard Madoff, and this faith was betrayed! Barnard Madoff (Charles Ponzi 2) has become a real shame considering the current state of things in the financial markets. Today Madoff Type Stock Scams have hurt many people all over 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!
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the years to come.
The ultimate con artist in world history is a one Mr. Charles Ponzi who invented The Ponzi Scheme in the early 20th century. Like Mr Madoff in the 21th century, Ponzi took all the profits from the top of his money pyramid and left little or nothing for the later investors at the bottom of the money pyramid. It is true that some investors did indeed make money with Ponzi and Madoff but most people did not make a penny.
The striking resemblance of Barnard Madoff to Charles Ponzi is shocking. Both orchestrated a massive fraud that would put them in the history books and in prison for years, no small thing to do even in the world of crime. So at this point some of us are left poorer because of them, but as the saying goes "Experience Is What You Get When You Didn't Get What You Wanted" and we must learn from this experience because we don't want to go from Stock Investors to Apple Stand Sales Jobs.
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. - 23222
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!
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the years to come.
The ultimate con artist in world history is a one Mr. Charles Ponzi who invented The Ponzi Scheme in the early 20th century. Like Mr Madoff in the 21th century, Ponzi took all the profits from the top of his money pyramid and left little or nothing for the later investors at the bottom of the money pyramid. It is true that some investors did indeed make money with Ponzi and Madoff but most people did not make a penny.
The striking resemblance of Barnard Madoff to Charles Ponzi is shocking. Both orchestrated a massive fraud that would put them in the history books and in prison for years, no small thing to do even in the world of crime. So at this point some of us are left poorer because of them, but as the saying goes "Experience Is What You Get When You Didn't Get What You Wanted" and we must learn from this experience because we don't want to go from Stock Investors to Apple Stand Sales Jobs.
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. - 23222
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 researchers in over 34 countries. His insightfull articles on business and investing can be found at: madoffwiththemoney
posted by X - Men @ 1:28 AM
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