SCAMMERS ON PROWL, THE SEC ISSUES SANDY SCAM ALERT #SCAM #SANDY #SCAMS #SANDYSCAMS
Previously we warned you to be on guard against scams related to hurricane Sandy. Now the SEC has issued a scam alert.
According to the SEC:
Hurricanes, floods, oil spills, and other disasters often give rise to investment scams. These scams can take many forms, including promoters touting companies purportedly involved in cleanup efforts, trading programs that falsely guarantee high returns, and classic Ponzi schemes where new investors’ money is used to pay money promised to earlier investors. Some scams are circulated through spam email, promising high returns for small, thinly-traded companies that supposedly will reap huge profits from recovery and cleanup efforts.… Please click here or the title below to read more.