The Secretary of State has unveiled her list of the most common threats to investors. Topping Secretary of State Robin Carnahan’s list of the most common ploys used to cheat Missourians is the Pyramid scheme in which a steady stream of money from new investors pays off old investors, until the flow of money and new investors dries up. Other top rip-offs include senior investment fraud, in which the elderly are targeted; high-yield investment schemes, selling supposedly top notch bank securities at discounts; and oil and gas scams, encouraging investors to put money into phony drilling operations. Carnahan’s advice: If an investment opportunity seems too good to be true, it probably is.
SEARCH THIS SITE
NEVER MISS A POST!
Recent Articles
- Triple digit heat index values expected in Missouri this weekend
- Rainy spring could boost Missouri mosquito populations
- Missouri group responds to Trump’s decision to end LGBTQ+ counseling on national hotline
- Cliffhangers Course Is a Par-3 Adventure Carved Into the Ozarks (LISTEN)
- Happy Hollow Farm – hands-on in the garden, face-to-face with customers creates growth (LISTEN)