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.
investment fraud attorneys with 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.