Scam Protection Issues

Scam protection issues are vital to every business. I have witnessed hundreds of scams during the past thirty years. Each business that lost did so because they had not dealt with their scam protection issues.

One remarkable fact is that the issues of scam protection were such that even when potential suckers were told how they will be robbed, they still lost! Protect yourself by reading the scam protection issues in the story below which explains why people get caught in cons.

Here are two letters I received after writing about scam protection issues.

Scam protection issues #1: ” Gary, I have made MORE than 10% per month over the course of a year in some of these investment clubs and have been paid! Is it possible that some of them are legit? Thanks for keeping us informed. Bob”

Scam protection issues #2: About your Scam alert that you send us, even if you don’t seen to believe it, is it possible that some investments could give this kind of returns (between 10 and 30 % a month)?

I have a friend that is telling me that he is making an average of about 15% a month (I saw several checks). Confident of these returns, the same friend is been tempted to invest in another club (diversifying is his goal) who offers 20.5% a month. By the way, I am not sure where this club is from.”

Here is my reply about these scam protection issues to both these letters:

I have so many scam stories that I cannot give them all to you.

Let me be clear. Most of these clubs and similar programs are Ponzi schemes. The con artists operating them pay out money coming in from new investors to existing investors. The pay our is their form of advertising! This works for awhile until the bubble bursts. The con artists want to give you checks so you will talk to others about your huge profits. Your friend may have received some checks. He may receive some more. If he is lucky he may even get his money back before the thing collapses, but collapse it will.

Here is my first scam protection issues story which took place when I was working and living in Hong Kong. Two guys came into town allegedly experts in trading commodities. They promised to make 15% to 20% per month for their clients. They did-for awhile. One of my clients (his name was Dwight) invested and nothing I could say would convince him that these guys could not make that kind of profit again and again for a large group of investors.

Finally the Hong Kong fraud squad investigated and investors became nervous. Dwight and a friend of his both asked for their money back. Both received a check. They rushed to the bank and deposited them. Dwight’s friend’s check went through. Dwight’s check bounced. The two promoters had fled and hundreds of investors lost millions.

New con artists come along almost every day offering huge returns. Sometimes they are experts in commodities, other times industrial wine (doesn’t exist) other times discount groceries, etc. A few investors get in and make huge returns. Many investors jump in and all make a bunch for just a while. The second the deal slows down or is investigated, it collapses leaving millions short.

Investors beware!

Scams – scams – scams. The internet has become one of the favorite vehicles for con artists. You must beware of scam protection issues and protect you business. This website has a board of experienced advisors, ethical attorneys, bankers and businessmen who can help you spot and avoid scams.


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

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