
How to Avoid or Overcome a Financial Scam
Originally appeared – https://singapore.feebasedfinancialadvice.com/how-to-avoid-or-overcome-a-financial-scam/ I recently came across a story whereby a man was scammed out of $75,000 worth of his and his wife’s savings, which they’d accumulated over a period of 3 years. This wasn’t simply a matter of him clicking on the wrong link, but rather being sold a ‘trading system’ that was making ‘risk-free’ returns, and him transferring their hard-earned savings into the account of the scammer. This was a particularly heartbreaking story, as he didn’t know how to tell his wife, or how to deal with the shame of the experience. What’s even more alarming is…