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  • Colleen MacFarlane

Tricks of the trade by financial fraudsters

The SOCIAL CONSENSUS TACTIC: The ‘pitcher’ tells you that other savvy investors have already invested in his recommendation. “I know it’s a lot of money, but my mother and other church members have already invested.” I’ve experienced this myself; my husband and I were told that if we didn’t sign, we would be the only clients of his who didn’t. This is a lie, and whether we signed or not had no impact on any other clients. Think first; and ask questions. NEVER invest in something you haven’t researched.

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