Stock scam awareness defense begins with common sense, attitude, control and education as scam protectors. That keeps money working for you and scams out of your pocket.

Making Money With Investing Success, Lesson 5, teaches scam awareness and knowledge for investor protection. Links at the end guide you to related content if you want to learn more.

What’s in this lesson for me?

Knowing how to protect yourself from scams keeps your money working for you and keeps crooks from picking your pockets. That keeps your money working to grow your wealth in money making opportunities.

Use the stock scam awareness defense

After awareness comes homework. Talk about scams and how people defend themselves 

Your scam protectors are common sense, a defensive attitude, greed control and self education.

Stock scamming crooks duped investors out of $140,000,000! Four Canadian sleazebags assisted by five American stock crooks, scammed hundreds of victims in 35 countries. Authorities captured all the crooks.

This widely reported news of financial devastation reminds us to talk about scams. Or more importantly, how to defend against a stock scam. We can discuss a few facts and guidelines to keep your money working for you and out of the hands of some crook.

Your top scam protectors

1. 1. 1. Common sense

      2. Defensive attitude

      3. Greed control

      4. Educating yourself

The best scam protection you have sits between your ears. Your common sense, intelligence and a defensive attitude will keep you and your money safe. A big enemy of your money is your greed gland. We have to acknowledge that it exists in everyone, yes, even you. Be realistic; we must keep our greed under control.

Combined with a little knowledge these scam protectors will help you avoid a fraud that can devastate savings from your hard work and sacrifice.

News of scams help us learn

When you hear of a scam think how you would avoid it. Try to learn something that will benefit you from each scam. Learning about scams helps you grow to become a more sophisticated investor.

Below are the company names from this latest big scam. Before the websites went down they served as excellent examples of well done scam sites. They were the real crooked deal! Crooks had created those websites for one purpose. To steal your money!

They were very convincing and well done websites. Some had excellent investor presentations and certainly looked like the websites of real operating companies. The sales pitches were very well done. They intended to give their prospective victims, people like you and me, a very positive impression. These guys are very good at this stuff!

12 Scam Cos in US Federal Indictment

1. 1. 1. Blackout Media Corp.

      2. Foy Johnston Inc.

      3. Imusic Worldwide Inc.

      4. Liquid Gold International

      5. Mass Petroleum

      6. Nikron Technologies

      7. RainEarth Inc.

      8. Resource Group Intl

      9. Sync2 Networks Corp.

      10. Tal-Cap Inc.

      11. Talisman Hlds Inc.

      12. WGI Holdings Inc.

Authorities call these companies “file cabinet businesses” as there were minimal assets, the stocks were thinly traded and owned or controlled by the accused. The elaborate scheme created phony consulting businesses and even phony law firms. They issued many fake press releases. They reached around the world from centers in Vietnam, Thailand and Canada.

The big tip-off

From the websites of these scam companies you can learn that they trade or did trade, on the Over the Counter or OTC Market or Bulletin Board or Pink Sheet Markets. By whatever name, we covered that house of ill repute in the blog post available at this link: Sorting American OTC Stock Markets.

You will recall that we agreed beginners just should not go there. So just don't go there. Any stock trading there is not worth your attention. Use that as your big easy tip-off. Any company trading OTC is of no interest. Ever. Check no further, just say no and keep investing in real companies listed on secure stock markets.

Next time we will discuss how the scammers use social media. You also learn a simple and straightforward way to check them out sales reps. That lets you quickly find and avoid scammers letting you invest with confidence.

Why this lesson matters

Stock scam awareness defense is critical for investing success. Your awareness makes you harder to scam. How investors buy dips matters because corrections are part of stock markets and present opportunities for sharp investors. Savvy investors need to manage dips to produce the best investing results. Knowing the three steps covered in this lesson can put money into your pockets.

Key points to take away from lesson 6, Stock scam awareness defense, includes:

Stock scam awareness defense begins with common sense, attitude, control and education as scam protectors. That keeps money working for you and scams out of your pocket.

• Scam awareness tells us scammers are after our money.
• Common sense is our best defense. If it sounds too good…
• A defensive attitude keeps our guard up and alert.
• Selfcontrol including control of our greed is a scam defense essential.
• Education and communication on scams helps protect us and informs others of any ripoff schemes.

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Make money work for you

Use White Top Investor lessons to learn investing. By doing that you can grow into a knowledgeable, comfortable and confident investor. To learn how, you can learn investing one small step at a time at your own pace. Do that and become the master of your financial security and independence. White top Investor never sells or shares our email list. Learn more.

Managing Investment Market Risks, lesson links:

Introduction to Managing Investing Market Risks Lesson 1

Dangerous dividend warning signs Lesson 2

Investor retirement saving dangers Lesson 3

Exotic ETFs blow-up portfolios Lesson 4

Stock scam awareness defense Lesson 5

4 Stock scam tips Lesson 6

Bitcoin fraud trust and psychology Lesson 7

Investors hold patient cash Lesson 8

3 Risk or opportunity signals Lesson 9

Option risks, dangers and opportunities Lesson 10

Cautious look at options Lesson 11

Selling low melts wealth Lesson 12

Next lesson 6: 4 Stock scam tips

Have a prosperous investor day!

Bryan

White Top Investor

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