Stock Scams That Madoff With Your Money!
It seems true to say, Barnard Madoff is the new Charles Ponzi. Investors put much faith in Madoff and considering the current state of things in the fanancial markets, it is a real shame that this man could betray so many good investors! At this point Madoff Type Stock Scams have really impacted countless people around the globe.
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the years to come.
You can think of Charles Ponzi in 1920 and Benard Madoff in 2009 and really what they did was the same thing. They both started an Illegal Pyramid to bilk later investors, I say later investors because even an illegal pyramid scheme makes great money for early investors. These early investors are used as unwitting salesman to sucker in later investors and the sales tool they use is their Ponzi/Madoff Easy Money!
Barnard Madoff's Empire like Charles Ponzi's Empire before him had a destiny of failure and an a appointment with the Big House. But at this point there is much to learn from these two scam artist, and we better take the time to learn because if we don't, guys like these could make all stock investors pennyless!
First of all, it is always important to diversify when investing. Madoff Type Stock Scams thrive on ignorant investors. Make sure to put your funds in a variety of investments. It is too risky to put every dollar of your financial assets into just one. Another tip is to avoid investments that look too good to be true.
Looking back on Madoff and his years of paper trail scaming, it seem impossible that anyone in their right mind could fall for this con artist! The stock market went up some years and Madoff made investors money and the stock market went down some years and Madoff made investors money? it's just a Fantastical Investor Fantasy! Not to say you can't make money in Bull and Bear markets, but it takes real investor savvy the kind that Madoff did not have one iota of. He just had the con artist savvy to relieve people of their money.
We pay taxes to support services to help us and some tax money goes to The SEC. But in The Madoff Affair The SEC did next to nothing? We all know YOU ARE TAKING A RISK WHEN YOU INVEST and this risk should be under the umbrella of The SEC, but it certainly was not in The Madoff Affair. Madoff scamed large banks savvy stock brokers, people with MBA's and more, so if you were just a Madoff average investor I would not feel too bad because Mr. Madoff got the best of them. Of course if you were a Madoff Victim there is a great website you can go to for help: bernardmadoffvictims.com
We just can't get away from the fact that we all get defrauded sometimes and for the individual investor it would be safer to stay away from risky Hedge Funds and stick with Mutual Funds, Bank CD's, Gold or Silver. This may not make you a smarter investor, but at worse you would have a better chance of retaining your investment captial. This year of 2009 being what it is you may just want to leave most of your cash in the bank. (c) 2009 William R. Wiedow Ph.D. - 23217
Mr. Madoff used to be a highly respected financier and former chairman of the NASDAQ. He recently admitted to administrating a ponzi stock scam that cost innocent investors over 50 Billion Dollars!
This is the sort of corruption that has ruined Wallstreet and Mainstreet! But for all the investors in the future let this be a text book lesson! We must learn from these kinds of scams in order to avoid this same type of horrible financial lost in the years to come.
You can think of Charles Ponzi in 1920 and Benard Madoff in 2009 and really what they did was the same thing. They both started an Illegal Pyramid to bilk later investors, I say later investors because even an illegal pyramid scheme makes great money for early investors. These early investors are used as unwitting salesman to sucker in later investors and the sales tool they use is their Ponzi/Madoff Easy Money!
Barnard Madoff's Empire like Charles Ponzi's Empire before him had a destiny of failure and an a appointment with the Big House. But at this point there is much to learn from these two scam artist, and we better take the time to learn because if we don't, guys like these could make all stock investors pennyless!
First of all, it is always important to diversify when investing. Madoff Type Stock Scams thrive on ignorant investors. Make sure to put your funds in a variety of investments. It is too risky to put every dollar of your financial assets into just one. Another tip is to avoid investments that look too good to be true.
Looking back on Madoff and his years of paper trail scaming, it seem impossible that anyone in their right mind could fall for this con artist! The stock market went up some years and Madoff made investors money and the stock market went down some years and Madoff made investors money? it's just a Fantastical Investor Fantasy! Not to say you can't make money in Bull and Bear markets, but it takes real investor savvy the kind that Madoff did not have one iota of. He just had the con artist savvy to relieve people of their money.
We pay taxes to support services to help us and some tax money goes to The SEC. But in The Madoff Affair The SEC did next to nothing? We all know YOU ARE TAKING A RISK WHEN YOU INVEST and this risk should be under the umbrella of The SEC, but it certainly was not in The Madoff Affair. Madoff scamed large banks savvy stock brokers, people with MBA's and more, so if you were just a Madoff average investor I would not feel too bad because Mr. Madoff got the best of them. Of course if you were a Madoff Victim there is a great website you can go to for help: bernardmadoffvictims.com
We just can't get away from the fact that we all get defrauded sometimes and for the individual investor it would be safer to stay away from risky Hedge Funds and stick with Mutual Funds, Bank CD's, Gold or Silver. This may not make you a smarter investor, but at worse you would have a better chance of retaining your investment captial. This year of 2009 being what it is you may just want to leave most of your cash in the bank. (c) 2009 William R. Wiedow Ph.D. - 23217
About the Author:
William R. Wiedow Ph.D. Has had 25 years of experence as a Stock Broker Day Trader and Private Stock/Futures Newsletter Writer. Dr.Wiedow has had a life long fixation for uncovering business and investing scams using his contacts in over 34 countries. His insightfull articles on business and investing can be found at:Madoffthenewponzi
posted by X - Men @ 3:19 AM
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