The Inevitable “Cure-for-Cancer” Scam

Unless you understand more about how the human brain perceives and processes investment opportunities, you won’t be able to tell the fakes from the genuine article.

Scamsters have a cure for whatever ails the world. Dependency on foreign oil? They’ve got a great company that can generate energy from nonmoving air. Turbulent stock market? They’ve got stable, safe certificates of deposit that earn more than those offered by banks. Lousy real estate market? They’ve got a plan to make big gains by buying, refurbishing, and selling distressed real estate. Cure-for-cancer scams were, therefore, inevitable. Prosecutors in California believe that they have found one such scam. According to the Sacramento Bee: (more…)

A Case Directly from the Crystal Ball

Companies pursuing healthcare breakthroughs are under tremendous pressure.

Among the cases Investor’s Watchdog sees in its crystal ball are health care frauds. The SEC believes it has found a case that proves the accuracy of that crystal ball. The SEC has charged Immunosyn Corporation (“Immunosyn”) and Argyll Biotechnologies, LLC (“Argyll”), both based in San Diego, California, with securities fraud.  According to the SEC’s press release: (more…)

IW’s Crystal Ball Calls Another One

The American population is aging. In the past three years, millions of people who once identified themselves mainly as baby boomers, began identifying themselves as senior citizens. The development is too big to escape the attention of scamsters.

When we looked into the IW crystal ball searching for the types of scams that would plague the next generation of investors, healthcare scams were easy to see.  The American population is aging.  In the past three years, millions of people who once identified themselves mainly as baby boomers, began identifying themselves as senior citizens.  The development is too big to escape the attention of scamsters, who long for headlines and trends on which to hang an investment fraud.  The U.S. Securities and Exchange Commission (SEC) believes it has found one such fraud in Rhode Island. (more…)

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