|About the Book|
Millions of investors are losing their entire life savings in various fraudulent financial schemes. Ponzi-Proof Your Investments tells you in plain language what you need to know before you invest to best increase your odds of avoiding a financialMoreMillions of investors are losing their entire life savings in various fraudulent financial schemes. Ponzi-Proof Your Investments tells you in plain language what you need to know before you invest to best increase your odds of avoiding a financial fraudulent scheme. This book will arm you with the ability and confidence to spot the red flags of fraud, ask the hard questions, demand solid answers, and conduct targeted due diligence. While there are plenty of articles and books telling us If it is too good to be true, dont invest, none of these delve deeply into: (1) the reasons why we are continually drawn into these schemes- (2) the psychology and methodology of the Ponzi scheme perpetrator in stealing money from family and friends- and (3) what specifically we can do to avoid getting involved in a fraudulent scam. Written by Kathy Bazoian Phelps, the co-author ( along with bankruptcy judge Steven Rhodes) of The Ponzi Book, which is the definitive legal treatise on Ponzi scheme law, Ponzi-Proof Your Investments shares the authors vast knowledge of the dynamics of Ponzi schemes along with real life examples of what has gone wrong for others in the past. The book provides a comprehensive yet easily understandable guide to avoiding Ponzi schemes and other fraudulent scams. Each chapter of the book contains take-away tips at the end of the chapter and short pull-out examples demonstrating the tricks, the ploys, the promises, and the circumstances of fraudulent scams that lure in investors. More importantly, Ponzi-Proof Your Investments provides specific questions to asks, tips on what red flags to be looking for, and websites to search on a state-by-state basis. Whether you are considering a new investment or want to review a current investment program, this book is a must have. Dont forgo due diligence and let emotions get the best of you. Follow the guidance in Ponzi-Proof Your Investments to decrease your risk of becoming a Ponzi scheme victim.