Ponzimonium

How Scam Artists Are Ripping Off America

Business & Finance, Personal Finance, Investing, Finance & Investing, Nonfiction, Social & Cultural Studies, True Crime
Cover of the book Ponzimonium by U.S. Commodity Futures Trading Commission (CFTC), Skyhorse
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Author: U.S. Commodity Futures Trading Commission (CFTC) ISBN: 9781510707924
Publisher: Skyhorse Publication: April 19, 2016
Imprint: Skyhorse Language: English
Author: U.S. Commodity Futures Trading Commission (CFTC)
ISBN: 9781510707924
Publisher: Skyhorse
Publication: April 19, 2016
Imprint: Skyhorse
Language: English

Ponzimonium is a book chock-full of advice to educate investors on the scam artists ripping off America. The primary message is that investors should not spend on unregulated companies or individuals who trade unregulated markets-background checks are priceless. The book tells provocative stories such as that of Darren Potter, who cleverly categorized investments in his program as “loans” and ironically became a victim himself of a Ponzi scheme.

There is an “Investor Bill of Rights” that pushes investors to question fund lock-up clauses and warns them to be careful of those who do not properly explain obligations and fund expenses, require additional investment capital at a future point in time, or have not appropriately disclosed all risks. Some of the red flags called out in Ponzimonium include a fund’s need for secrecy and whether there are abnormal methods of accepting investments or whether conducting independent research on the fund is difficult. This is a must-read for anyone new or old to investing and the pitfalls that could make or break your bank.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Ponzimonium is a book chock-full of advice to educate investors on the scam artists ripping off America. The primary message is that investors should not spend on unregulated companies or individuals who trade unregulated markets-background checks are priceless. The book tells provocative stories such as that of Darren Potter, who cleverly categorized investments in his program as “loans” and ironically became a victim himself of a Ponzi scheme.

There is an “Investor Bill of Rights” that pushes investors to question fund lock-up clauses and warns them to be careful of those who do not properly explain obligations and fund expenses, require additional investment capital at a future point in time, or have not appropriately disclosed all risks. Some of the red flags called out in Ponzimonium include a fund’s need for secrecy and whether there are abnormal methods of accepting investments or whether conducting independent research on the fund is difficult. This is a must-read for anyone new or old to investing and the pitfalls that could make or break your bank.

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