Con Artists Aim To Take Your Investment Money, Artfully
They call con artists “artists” for a reason. Most Ponzi schemers
and investment scammers aren’t necessarily good at creating airtight,
“perfect crime” investment cons, but they are good at manipulating
people, misdirecting attention, and navigating the social world with graceful
deception. Just like stage magicians, con artists can't actually produce
high investment returns out of thin air, but they can definitely keep you from realizing what
their left hand is doing.
Conning investors out of their money isn’t easy, and it takes a certain
amount of finesse and creativity. We urge you to watch out for these kinds
of creative, dirty tricks:
Lies. It’s probably the oldest trick in the book, but flat-out lies are
often the easiest way to get someone involved in investment fraud. That’s
why it’s so important to always check out everything you’ve
Sleight of hand. A fraudster or unscrupulous broker might try to play up the positives
of an investment opportunity while sliding the negatives under the rug.
Peer pressure. A con artist might point to other investors as an example and attempt to
pressure you with the old “everyone else is doing it” line.
Appealing to greed. Let’s admit it—almost everyone is motivated by the prospect
of making more money. A con artist might talk up high, fast returns to
get you excited about the opportunity and not thinking clearly.
Manipulating your emotions. Whether it’s playing on your retirement fears or giving you a sob
story about his or her own situation, many con artists will try to sell
you on investment fraud by engaging your emotions.
Leveraging your friendship. A lot of fraudsters out there attempt to build “friendships”
with new investors for their scams, and it’s not uncommon for fraudsters
to even prey on their own friends and families. These con artists know
how hard it can be to turn down a friend and use it to their advantage.
If you believe that you’ve already become a victim of an investment
scam, recovering your investment losses can be a complicated and tiring
process. The investment fraud attorneys with Meyer Wilson are here to
answer your questions about FINRA mediation, arbitration, and litigation,
and we’d be happy to meet with you in a completely free and confidential
initial consultation to discuss your options. Please reach out to us today
by phone or simply get started by filling out the easy online contact
form on this page.