The Dictionary of Financial Scam Terms©: The truth vs. the scam

 

Silence is fraud's best friend.  Word of mouth is fraud's worst enemy.  Pass the word!

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Disclosure

 

Truth:

In accordance with the Securities Act of 1933, any offer of securities must be accompanied by enough information for an investor to make an informed investment decision.  It doesn't matter to the SEC what is being offered, just so long as adequate information is provided.  Withholding information,  or providing misinformation or disinformation is against the law and considered fraudulent.

 

Scam:

No scammer wants the target to ask questions.  On the contrary, the object of the game is to ensure that the target ask no questions at all.

 

Even though few scammers offer stocks and municipal bonds, they do weave a tale of buying and selling DEBENTURES and TREASURIES at enormous profit but never fully explain what is going on; instead, they give their target a combination of official sounding lies and half-truths in order to confuse their target into taking their word for everything.

 

 

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