Article: Conned, twice

A crew of con men sold worthless penny stocks to people around the globe at pumped-up prices, then victimized the investors again by setting up a fake law firm that charged them to try to get their money back, federal authorities in New York said Tuesday.

The international scheme generated more than $140 million, making it one of the largest penny stock fraud schemes in history, U.S. Attorney Loretta Lynch said at a news conference announcing an indictment charging nine defendants.
 
People should stop being so trusting. If somebody calls you out of the blue with a great investment idea you should now it's a scam.
 
Wyzak said:
People should stop being so trusting. If somebody calls you out of the blue with a great investment idea you should now it's a scam.
Click to expand...

The quote says: Buy when there is blood on the floor, sell when your taxi-driver tells you to buy.

Would you trust your taxi-driver with financial advice, NO. Then how can people trust an unidentified caller / email / ad on the Internet.
 
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