Money Culture

Fraudsters Hone Art of Disguise

Tried-and-true financial frauds – Ponzi schemes, high-yield investments, and “pump and dump” stock scams – have victimized unsuspecting targets for decades, even centuries.

These well-known frauds are effective, because con men change their disguises so they won’t be recognized. Six common disguises are detailed in a report I wrote for the Financial Security Project at Boston College’s Center for Retirement Research, which hosts this blog.

One Response to Fraudsters Hone Art of Disguise

  1. Tom says:

    Putting emphasis on the most common financial frauds and disguises will prevent future victims from falling for the illegal traps around them.