Hurricane Sandy Scams
| November 18, 2019
I’d like to invest in rebuilding efforts related to Hurricane Sandy, but I know there are a lot of investment scams out there. How can I avoid fraud while still using my investment dollars to help?
Any time you consider a new investment opportunity, take the time to methodically go through each preliminary step mentioned in the article. Beyond that, you should also take the time to really get to know how the investment works. If you don’t understand how an investment works or how it can provide the high returns it promises, it’s a good sign that the investment may not be right for you.
Ultimately, the best way to avoid investment fraud related to natural disasters is to be aware that con artists will try to use your emotions and desire to help against you. If you notice that the promoter spends a lot of time talking about how storm victims are struggling and very little time talking about the real details of the investment, then it should be a red flag.
Taking the time to research and verify each investment decision is essential to your fraud safety, and it also allows time for you to think through an opportunity without your emotional investment getting in the way. If you believe you have already lost money to a Hurricane Sandy investment scam, please call Meyer Wilson today to speak with one of our knowledgeable investment fraud lawyers.