 |
IRA FRAUDFirst you must identify a scam. Ira fraud can present itself as elderly scams, ponzi fraud or a pyramid fraud. Ira Fraud can even include 2nd mortgages on real estate owned by seniors. Even though most financial advisers urge individuals to build an IRA (or IRAs) with a diversified balance of investments (such as certificates of deposit, mutual funds,Individual stocks, and bonds), it is legal to put almost any investment in a retirement savings plan. Under federal tax law, only a few categories of investments are prohibited for IRA dollars, including art objects, antiques, stamps, and other collectibles (including some coins). Ira fraud is blamed for putting the retirement nest eggs of Americans in danger of being scrambled by investment schemes falsely promoted as "IRA Approved" or endorsed by the Internal Revenue Service (IRS). Schemes like Viaticals or Life Settlements.
CLICK BELOW FOR 15-EBOOK BUNDLE-$24.95
State agencies estimate that tens of thousands of unwary Americans have in the past invested hundreds of millions of dollars of their savings for old age through individual retirement accounts (IRAs) and other tax-deferred retirement savings vehicles that will end up being largely or entirely worthless. These schemes attempt to fly below the radar of state and federal securities laws designed to protect investors and, in doing so, fail to indicate the extremely high likelihood that investors will lose 100 percent of their principal." Fraud investigators speculate that getting victims to call first makes the work of the schemer much easier, since the potential investor has already "bought into" the scheme by taking the first step.
FREE EBOOKS
|
