Beware of Scams

Geoff Cook - CFP, CHAIP

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Scams and frauds are all around us. I personally was scammed several years ago in a money transfer scam.

A few years ago, I was in the market for a new car and found a great on an Acura sports car online through Ebay.

The seller told me that he had joined the army and he needed to sell the car quick. They also told me that we could avoid ebay, save a lot in fees and he would be able to ship it close to me through a special military shipping unit... Long story short, I used a Western Union and kissed the money goodbye.

I learned my lesson. I blame it on my excitment for how good the deal was. It blinded me from being able to see the obvous... that it was too good to be true. I wanted the deal so bad that I couldn't see the forest through the trees.

The story sounded so bazar that I didn't think anyone could make up the big of a lie. I guess I was niave and didnt realize that people were actually pulling these scams for a living.

Over the years I've heard many of similar storys from people who have shared in my fraudulant pain.

I found a nice little piece put together by the Canadian Government that identifys a variey of different scams and how to protect yourself.

 If you have any questions on how to protect yourself, feel free to call me as I have learned from my mistake.

Click below to download a copy.

 

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When dealing in financial matters, you are urged to consult an advisor for legal, tax or investment advice. Every effort has been made to present information in a clear, exacting manner. However neither the publisher nor the authors can be held responsible for any losses incurred due to the actions of any individual as the result of this post or any errors or omissions contained herein.

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