Latest Posts

    Last-Minute Essay Writing: Tips and Tricks for Acing Your Assignments

    As a student, you have likely encountered the dreaded last-minute essay writing assignment at some point in your academic journey. Whether it's due to...

    Buy Razer Gold Gift Card

    Google Play gift cards are prepaid cards that can be used to purchase digital content on the Google Play Store, including apps, games, music,...

    How To Solve The Blinds And Shutters Problems?

    Shutters and blinds are the essentials not only for home decor but also for the protection of your property too. Installation of shutters and...

    Managing Online Subscriptions With Digital Magazine Publishing Software

    This article talks about digital magazine publishing software. Further, it talks about managing online subscriptions with this software as well as the benefits of...

    Conmen and sharks

    Conmen and sharks
    You’ve worked hard for your money. Unfortunately there are people out there who will work hard at parting you from it. Alarm bells should start ringing if:


      • Someone offers a rate of return that seems too generous. Trust your instincts here – if something seems too good to be true, it probably is.


      • He invites you to put money into a special scheme run by him, which he cannot explain in detail, is not backed up by any documentation and which you have never heard of.
      • Someone wants to get you to invest, yet does not ask you lots of questions about your financial position, other investments and commitments. He can’t give you proper advice without this information.


      • You are approached by someone with an expensive lifestyle that seems out of scale with his business. He is plausible and charming and everything sounds wonderful, but you are not quite sure what exactly would be happening to your money. Ask for the full information on paper and for time to think about things. Then you can check up on anything you are doubtful about.


      • He is pushy and determined, he has come to your home and you do not know how to get rid of him. Or alternatively, he is so nice and has gone to so much trouble, and you feel you do not want to let him down by saying no. Do not let yourself be bullied or intimidated or your sympathy be played upon.


      • The investment is one which must be taken advantage of immediately. There may be some extremely rare occasions when such an opportunity comes up, but it may just be that he wants you to part with your money without proper consideration.


      • It is suggested that he may save you tax in a slightly doubtful way. If he does run off with your money you may be too frightened to complain.


      • You are offered a high ‘guaranteed’ rate of return. A guarantee is only as good as the person who gives it.


      • Someone contacts you from overseas. If it is a telephone call, check whether the firm is registered by UK regulators before parting with your money. With written material, check for authorisation, and also whether it says somewhere on the advertisement that it has been approved by an authorised person. You may lose the protection of UK law, including the chance of compensation, if you send money overseas. Swindlers love dealing from overseas tax havens, where real ownership can be hidden, and where regulators here find it hard – or even impossible – to get your money back.


      • When you have parted with your money you should have received a receipt. Make sure you do, and look after it carefully. Check it too: if you have invested in, for example, life assurance or unit trusts, does it come from the life assurance or unit trust company? It should do. If it does not, check with the company you think you have invested with to see if your investment exists.

    If you are really desperate to lose your money, here are the six easiest ways to go about it:


      • Invest in a ‘business opportunity’ without taking proper precautions. While franchising is a proven route to business success, some people are happy to take a large fee from you up front for a business proposition that will not work. This area is totally unregulated – it’s up to you to check.


      • Join a pyramid scheme, where you pay a huge fee to join in the hope of even larger returns later. These come from the fees paid by new members although the promoters try, often successfully, to disguise this fact. When the supply of new members dries up, the last to join lose their money and the real winners are the promoters themselves.


      • Buy so-called alternative investments such as diamonds, sapphires, Scotch whisky, stamps or precious metals. These are often pushed by aggressive telephone salesmen operating from abroad. The sting is that the price you pay is hugely inflated while the resale market is restricted or even non-existent.


      • Invest in commodities such as grain, heavy metals or the futures markets, where huge charges and rapid prices changes can decimate your capital.
      • Buy worthless shares, usually in companies you have never heard of, and which are quoted on a small stock market overseas. Promoters buy huge blocks of shares, and then sell them over the phone using high-pressure techniques to people who cannot easily check the claims made for such investments.
        When they want to sell, they find that this is either impossible, or possible only at a huge loss. Shares in biotechnology and hi-tech firms are favourites for this scam as most people don’t understand the issues, and those who don’t often won’t admit it. Shares in mining firms are also dodgy, as claims of gold underground can’t easily be checked.


    • Don’t act on warning signs. If you don’t hear anything about your investments, for example, or if your investments seem to be doing very well when there is an economic slump and everyone else is doing badly. Perhaps the firm is paying unrealistically high interest rates by using new investors’ money to pay old investors. This, besides being dishonest, cannot continue for very long without a crash. Another warning sign is if you want to withdraw your investment and your adviser refuses to comply or makes excuses for continual delays, or the cheque bounces. The same applies if, having got your money, your adviser loses all further interest in you, is impossible to get hold of and does not answer letters.

    Admin Mail : [email protected]