securities: A Close Call!
- 04/15/09 03:55 PM
Yesterday's business section of the newspaper had a headline that broke a story about a fraudulent investment scam allegedly perpetrated on the Big Island, in Hilo. Basically, it was another Ponzi scheme, dealing with fraudulent securities trading. The perpetrators, two gentlemen, were living large, driving leased Jaguars and BMW's. One of them, who I will just call 'James', even rented a $25,000 a month Big Island beachfront home, presenting it as his own, and using it to hold presentations to would be investors. What I want to mention, is that I was reading this article with great interest, because in the recesses of … (6 comments)
securities: Watch out for TIC's
- 11/10/06 05:29 AM
Lately there have been various creative investment vehicles offered by a plethora of institutions such as banks and brokerage houses that have come under scrutiny for being, for lack of a better term, somewhat shady. One such investment vehicle that has received a lot of press in recent months have been certain annuities, having been marketed by financial planners and asset managers to persons for whom such investments comprise an unjustified risk. I mention these items as a lead in to what I think may be the most potentially devastating risk to evolve in the area of real estate investing. This newly … (5 comments)
Yesterday's business section of the newspaper had a headline that broke a story about a fraudulent investment scam allegedly perpetrated on the Big Island, in Hilo.;)
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