| By
Gary Scott
Wow, the investment club scams
artists seem to be really out in full force right now. I am getting loads of requests
for data about private investment club scams all offering double digit returns.
Read below what another reader wrote.
Investment Club Scams Letter
"Dear Gary, Maximom is an offshore
private investment club paying 12% a mo. on CD's of 6 months. Do you know this
club?"
Investment Club Scams Reply
My reply says it all!
"I do not know Maximom and they
certainly did not let me know who they are on their web site when I looked. I
do not know if they are genuine or not, but this looks and smells like most investment
club scams. I would not pursue this further myself because what I do know is that
12% per month CDs in US dollars in the current atmosphere is not possible except
in the riskiest of situations.
The high return is the common
feature used by investment club scams. Really be double beware of this. I have
seen so many so investment club scams called wealth clubs that I cannot even think
about it. Never have I seen anything happen from these investment club scams except
observe investors be milked of what they put in."
Regards,
Gary
My novel the 65th Octave looks
at scam protection issues. The hero is a scam catching expert who works for big
banks. The book outlines why scams work and why suckers always lose. I recommend
you read the book. It has some in depth economic information but is also a fast
paced, fun read.
Order the 65th Octave
at
GaryScott.com
Sometimes one picture is worth
a thousand words
To avoid scams balance
yourself in nature like this cabin at Gary and Merri Scott's Merrily
Farm where you are welcome to visit and stay at Little
Horse Creek. |
