Another Scam?

Here is a message from a concerned reader and a warning from eClub advisor Robin MacAllen on how to avoid scams.

		"Gary,

		Wanted to say thanks for the article on Asset Protection Group in Las Vegas. I 		have been to there office and visited with the founder and his staff, and had 		similar conclusions as your article. Thanks. I have been talking with a company 		called IGP Institute Global Prosterity

		I was wondering if you have looked into them? If so where could I find the info. 		If not, is there any chance you could look into it with your scam articles as I 		would be interested in and value your option.

		Thanks,"

I alerted scam artist Robin MacAllen from the 65th Octave, who is an expert on spotting cons and has been working hard at fighting The Controllers. Here is his reply.

		"Dear Gary

		I had a quick buzz through the web site and am concerned. My initial feelings 		are beware. The format used is similar to many others that have duped investors. 		The offer covers too many fields, high yield investing, tax elimination, asset 		protection et al. This is not normal in business. Few financial firms are so up 		front with so many services. This looks like they have posted every come-on they 		can think of to try and hook unsuspecting investors.

		This does not mean this is not a legitimate firm. I just have not seen anything 		like this in my decades of international investing and business experience.

		I am also concerned that the information provided on the site avoids many 		important issues, such as where they are incorporated? How long they have been 		in business? How to see their annual statement? The names of their independent 		auditors, etc.

		Get this data and you will be a step ahead. Then check it out and be sure that 		the data provided is really for the firm involved and not for a legitimate firm 		with the same name. Even then if everything checks out, it is always good advice 		to start slowly and with small amounts. Remember that even some of the largest 		financial institutions (such as Credit Suisse-First Boston) have been under 		investigation for duping their customers. There is no test like time and 		experience for building confidence. I hope if any readers have had any 		experience (good or bad) with this firm they will let Gary at scamalert@garyascott.com know. Take 		care. Robin"


Similar Articles

The following articles contain content that is similar to this article, "Another Scam?":


Copyright © Gary A. Scott 2009. All Rights Reserved.