Friday, July 20, 2012
Thursday, July 19, 2012
How to Avoid Investment Fraud
- Don’t believe claims that there is no risk—there is always risk in any investment.
- Be careful of any investment opportunity that makes exaggerated earnings claims.
- Get all details about an investment opportunity in writing.
- Steer clear of “offshore” investments. These are often promoted as a way to avoid taxes, but you may still be liable for taxes, plus the investments can be very risky.
- Consult an unbiased third party, like an unconnected broker or licensed financial advisor, before investing.
- Take the time to check out investment offers by contacting your state’s securities regulator.
- Never put all of your “eggs” (investments) in one basket.
- Be careful of any investment opportunity that makes exaggerated earnings claims.
- Get all details about an investment opportunity in writing.
- Steer clear of “offshore” investments. These are often promoted as a way to avoid taxes, but you may still be liable for taxes, plus the investments can be very risky.
- Consult an unbiased third party, like an unconnected broker or licensed financial advisor, before investing.
- Take the time to check out investment offers by contacting your state’s securities regulator.
- Never put all of your “eggs” (investments) in one basket.
Tuesday, July 17, 2012
Sheldon Adelson Alledgedly Linked to Organized Crime by Investigative Report
Casino magnate Sheldon Adelson, the biggest Republican donor in the 2012 election, has come under new scrutiny for possible violations of federal anti-bribery law and ties to Chinese organized crime. The potential violations stem from Adelson’s efforts to build casinos and other projects in Macau.
An investigation by the University of California, ProPublica and PBS Frontline found Adelson may have violated the Foreign Corrupt Practices Act when he instructed a top executive to give $700,000 to a Macau legislator who aided his company’s efforts there. Officials are also probing possible ties between Adelson’s company, Las Vegas Sands, and Chinese organized crime. The projects in Macau helped Adelson amass a personal fortune estimated at $25 billion. He has given tens of millions of dollars to Newt Gingrich, Mitt Romney and other Republican causes, and has spoken of spending upwards of $100 million to defeat President Obama’s re-election.
Thanks to Democracy Now.
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