Business Opportunity Fraud: Warning Signs
Investors are wise to be aware of business opportunity fraud. A former con artist advises “fast no’s and slow yes’s” when being asked to invest in a business opportunity. Watch this video to see how get-rich-quick schemes frequently proliferate during an economic downturn.
Warning signs of business opportunity fraud are promises that sound too good to be true, including:
- You can earn lots of money
- I’ll show you how to build your business
- You will be able to work from home
The FTC recommends that prospective investors always ask for a written disclosure document before paying any money. If the sponsoring organization makes claims of high revenue levels, you can also request an “earnings claim” document.
Contact Fort Lauderdale securities litigation attorney Howard N. Kahn, Esq. if you or someone you know has been the victim of business opportunity fraud or securities fraud. Mr. Kahn is an experienced fraud and litigation attorney. He is also a FINRA arbitrator in securities disputes among individual investors, brokers, and brokerage firms. You can reach him at 954-321-0176 or online.