LinkedIn Scam Spurs Warning to Investors About Social Media Investment Fraud
Anthony Fields, an investment advisor from Illinois, has been accused by the Securities and Exchange Commission (SEC) of attempting to run an investment scam through the social media site LinkedIn. According to officials, Fields tried to sell fake investments to users of the site, and he has also been accused of giving inaccurate - or outright false - information on his own firm's website, among other issues.However, although Fields allegedly offered these fake securities to investors through LinkedIn, not a single investor took him up on his offer. Some investors showed interest in the investment opportunity, but did not go as far as handing over their cash, which probably ultimately saved them a lot of money and heartache in the long run.
In the wake of the civil charges against Fields, investors are being urged to review carefully any investment opportunity that comes through social media sites like Facebook or LinkedIn. Fraudsters are increasingly using these types of websites to sell the unsuspecting on stock scams, Ponzi schemes, and other investment scams. As always, beware any unsolicited investment offer, and be wary of any offer that touts very high returns or claims to be a "limited-time offer." Avoiding social media investment scams can be difficult, but with a little extra research and care, you can help ensure your financial safety.
The experienced investment fraud attorneys with the Law Firm of Meyer Wilson represent investors nationwide who have lost money to investment scams, Ponzi schemes, and financial fraud and would be happy to speak with you about your situation in a free consultation.
Category: Investment Fraud
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