1. Don’t Panic; 2. Recognize that you are a victim; 3. Cut off communications; 4. No social media; 5. Be cautious about taking payments from the fraudster.
In times of economic growth, such as what the U.S. has experience during the past five years, it is easy to forget that fraudsters are still in our midst.
Madoff. Stanford. Rothstein. “Ponzi” schemes are now ubiquitous — the type of fraud where investors are repaid their own money so that the scheme appears to be a successful investment and more investors can be hoodwinked.
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