A few weeks ago, Jordan Belfort — the notorious «Wolf of Wall Street» and convicted
financial scam artist — warned the entire internet not to get into sketchy cryptocurrency - backed startups.
Not exact matches
The web of other perpetrators spreads from family and may include friends and neighbors, caregivers and aides, attorneys and
financial advisors and, finally, strangers and professional
scam artists.
But in other cases, this may indicate that the one seeking
financial help is wanting to shirk responsibility — if one's attitude is to «have someone else take care of the problem», then it could make you an easier mark for
scam artists or could make you a target to be taken advantage of.
Romantic
scam artists will often feign a
financial crisis, or promise to come visit their victim in exchange for paid transportation, and will ask for money after declaring their love.
Seniors in the online dating world especially have increasingly become targets of online dating scammers and con
artists looking to pull
financial scams on their victims.
As the relationship moves forward and the victim thinks he / she is getting closer, the
scam artist tells the victim that he / she has come into some kind of
financial trouble, has a sick relative, had a death in the family or needs funds for a plane ticket to come visit.
Sugar Daddies also have to keep their
financial safety in mind, as there are plenty of
scam artists trying to pose as honest Sugar Babies... perhaps we can call these «Sugar Baby Posers» lol (inside joke, * nudges «confused» *).
This provides a perfect set - up for
scam artists offering
financial products that may not be appropriate for reverse mortgage borrowers.
This arose out of concern for applying for reverse mortgages who were being taken advantage of by unscrupulous lenders and
scam artists that tried to sell unnecessary
financial -LSB-...]
It's important that seniors find
financial advisers whom they can trust during this rough time, especially since
scam artists often target this demographic.
No employee or
scam -
artist will be able to steal your identity or
financial information during this process.
Scam artists and unethical advisors will often ask investors to lie about their personal
financial situation: do not lie about your income or other information.
If you have limited
financial experience, or are a trusting soul, you could be a target for
scam artists.
Scam artists know that people are more vulnerable when they are under stress and thinking that they are out of options and this is when they typically strike to cause the most
financial damage.
Financial planners and Web junkies openly admit that the Internet is ripe hunting ground for
scam artists.
According to most
financial advisers, you can easily avoid the
scam artists by applying the same common sense you would in any situation.
«Aside from the teaching, it contains some interesting chapters that explain what caused the
financial crisis and housing bubble, how soon home values will recover and how
scam artists work and how to avoid them,» concludes Mungar.