SCAMS RELATED TO PRACTICE AREAS – Death, Debt, & Real Estate
The range of scams is broad and requires vigilance to protect oneself. I have chosen to emphasize scams related to my three main practice areas of debt, death, and real estate.
The most famous scam is the Ponzi or the closely related Pyramid Scheme. The concept is that “investors” are paid with new “investors” money because there is no investment and no returns. Consistently high returns with little risk, and difficulty getting proper paperwork and payments are hallmarks of the fraud. One of the biggest schemes was perpetrated by Bernie Madoff.
There are many resources for information about scams.