Thursday, April 29, 2010

Avoiding Internet investment scams/FRAUD

The US Security Exchange Commission have enumerated guidelines on how to avoid internet investment scams. The summary are as follows:
The Internet allows individuals or companies to communicate with a large audience without spending a lot of time, effort, or money. Anyone can reach tens of thousands of people by building an Internet web site, posting a message on an online bulletin board, entering a discussion in a live "chat" room, or sending mass e-mails.
If you want to invest wisely and steer clear of frauds, you must get the facts.
The types of investment fraud seen online mirror the frauds perpetrated over the phone or through the mail. Consider all offers with skepticism.
Do not use your credit card number and cvv number to buy products from online lesser known merchants.

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