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Investing Scams

March 24, 2005 12:37 PM PST

CNN Money is running a story about the most popular investment scams. Similar stories are being run on MSN Money and Bankrate as well. In fact, the story is everywhere.

Here are the top ten scams, as measured by the North American Securities Administrators Association. The links below provide more information on each of these scams.

1. Ponzi (pyramid) schemes
2. Unlicensed securities dealers
3. Unregistered investment products
4. Promissory notes
5. Investment scams that target senior citizens
6. Sky high-yield investments
7. Internet fraud
8. Schemes that target a race, religion or ethnic group
9. Variable annuity sales
10. Oil & gas scams

Take some time to look through the information. Education is the best defense against these scams.

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