Many people think of fraud as “a bad deal,” “being ripped off,” or “not getting my money’s worth.” Many victims of financial crimes blame themselves for not seeing through the scam. No matter what we call them -- con artists, con men, scamsters -- they're criminals. They steal our money. They're not just people next door trying to make a living. They are trying to deprive us of the money that we have worked hard to earn and save. They destroy lives.
These criminals like to prey on the naive, inexperienced investor. However, any investor can become a victim. Any investor can succumb when the product is packaged attractively enough.
Check whether an investment, investment professional or firm is registered by calling DFI at 360-902-8700 or 1-877-RING DFI (746-4334).
Whether you are old or young, rich or poor, investing for a long time or just beginning – it is never too late to become a more educated investor. Do not simply focus on the return. When all is said and done, you are ultimately responsible for your investment decisions. You work hard, and the future you are investing in is yours.
The links below provide further information to educate you and help you avoid fraud.
Source: Washington State Department of Financial Institutions