Investment Fraud and Sleight of Hand: Recognizing the Signs
One of the ways con artists manage to lure victims into investment fraud is to make the sales pitch about anything but the specifics of the investment being offered. To avoid this “sleight of hand,” it’s important that investors learn to recognize the signs that an investment promoter is hiding something. Here is a little more information about the types of tricks investment con artists sometimes use to hide the truth about an investment:
- The promoter spends more time talking about his or her special qualifications or innovative investment strategy rather than the investment in question.
- The promoter tries to convince you that “everyone else is doing it” instead of talking about why the investment is a good fit for you.
- The promoter tries to pressure you into investing before you’ve had time to do background research or verify the information you were given.
- The promoter focuses on the relationship you share or seems hurt when you ask questions about the investment’s legitimacy.
Always remember that an investment that is right for someone else may not be right for you. Make sure you understand how an investment works, the risks, and how it fits in with your overall financial goals.
If you have already sustained investment losses due to fraud, speak with the experienced investment fraud lawyers with Meyer Wilson today. We would be happy to review your situation, discuss your options, and help you pursue the most effective course to recover your investment losses. Give us a call today or simply fill out the confidential online contact form on this page for more information.