A Real Life Look at Investment Fraud: The Lure of Money

Many eyes are on your retirement nest egg. Boomers approaching retirement look out for how their retirement investments are growing. Those retired already have a watchful eye on how their retirement savings are lasting. The other “eyes” on your money are the opportunists. Through frauds and scams they try to lure you into the wrong investments.
Sounding sincere and knowledgeable, making promises of high returns, building trust are some of the often highly sophisticated techniques scams artists use to take your retirement money. Listen to people who thought they were making sound investment decisions, but put their trust in the wrong person and promise and ended up in a disastrous investment. Here are segments from AARP’s video, The Lure of Money.

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Commentary by Richard B. Wagner, JD, CFP®
Editor

AARP put together The Lure of Money to help people recognize frauds and scams. This address connects to four different videos of 3-4 minutes each. They provide unfortunate but real examples of elder fraud and its implications. It ends with a two minute video on sound investment practices.

http://www.aarp.org/money/wise_consumer/investment_fraud/the_lure_of_money.html

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