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Promoters justify these assumptions with elaborate historical tales. The most common explanation claims that the United States went bankrupt when it abandoned the gold standard in 1933 and started using its citizens as collateral so that it could borrow money. [1] [24] Supposed procedures for using the nonexistent "strawman" funds include:
A new gold bar scam is fleecing unsuspecting victims across the U.S. out of hundreds of thousands of dollars. It starts with a phone call, where an official-sounding person convinces you they’re ...
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
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The FBI's Internet Crime Complaint Center has seen a spike in similar gold bar scams, which target vulnerable seniors. Between May and December 2023, victims lost more than $55 million to this ...
A gold IRA can be a good inflation hedge and diversification tool, but be careful to avoid getting taken advantage of. Make sure you’re investing with a reputable company and that all fees are ...
A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. [1]
A Nebraska couple was recently scammed out of $115,000 in a “very unusual” and “scary” fraud scheme, investigators say. A couple — ages 71 and 68 — were at their home in Lancaster ...
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