Money managers

Thursday, January 27, 2011

Scams and Shams come and go They keep running from one of the most resilient is the Nigerian Scam letter/Email or give correct name of "advance fee fraud '. Source of go way back, but the Nigerian version got going in the 1980s by some university students and was developed in large enterprises with multi million eykinito outside the mwropistos every year.

How can people be taken of these poorly written letters and emails you hear you ask. It seems too easy. Maybe we're all sets for a saga and link to the prospect of making easy money and it is not surprising that it works so well. There are many variants of the letter and I chatted to someone who knows a friend taken in time via rendezvous chat rooms. On this one, the scammer befriends one (or several hundred) requesting the air fare shipped so that they can perform. You know the rest, cash registers and I think the imposter is seen again in chat room. Not one bit, using basic axiom marketing that are more difficult to sell to new customers from the existing ones, go after the same person sad again and again and you know, often repeatedly until you have finished paying the money!

Check out Wikipedia to fill in all details. Why should I mention this now? I have received well over the past few weeks on average two per day previously about once a week. Must fight the recession with increased output!

boiler room fraud despite clamp downs by regulators in Canada, Spain and Belgium from where most of these scams work once this one is also on the increase. I get calls them every few days offer an opportunity to buy cheap shares. Recently two members requested must go together with buying discounted shares from a nice broker who cold called, one of the USA and Hong Kong. My advice, give them short shrift, and submit your phone! The scam works like this. The punter is sucked in with talk bargain prices, or even official shares in a well-known company, big announcement due soon, will take off when released share news, etc, etc. Money is wired a vague Bank and then start the long wait for a confirmation that the shares are in fact the name punters, the boiler room did not respond to the phone, and so forth.

Rule number one in trading and investing is ' lose money ' and this should be three rule ' have nothing to do with cold callers ", and never, never send any money. Just tell them you are reporting to the FSA. If it is genuine they will be registered and regulated by them. BTW, if you do not remember rule two just email me. Of course there are legitimate ways to make money and negotiate the Big swings are one of the best techniques I know, have a look here .... http://www.clickevents.co.uk/freevideo


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