Self-Directed IRA & Small Business Financing Blog

If you don’t have a public email account, you are truly missing out. We have recently been contacted by someone in the Malaysian government who has offered us something in the neighborhood of $5 million dollars if we lend a hand, and simply send a few thousand bucks for shipping the crates of gold bullion to our offices.

In hard economic times, scammers come out of the woodwork. The BBB recently announced their top 10 list and we stumbled upon a recap in an article from the Ottawa Citizen. Topping the list are loan scams asking for money up front, fraudulent home repairs, and our personal favorite, the internet phishing scheme.

Here is the list in no particular order:

1) Economic Downturn & Loan Scams
2) Home Repair Rip-Offs
3) Too Good to Be True Business Opportunities
4) Bogus Online Ads
5) Cure-All Health Products
6) Guaranteed Vehicle Brokers
7) Prize Offers
8) Bogus Checks & Overpayment Schemes
9) Green washing Scams
10) Spoofing Attacks

Read entire article HERE.

The scam we were most surprised didn’t make the list? The notorious ponzi scheme. If you haven’t heard of ponzi schemes, I have an investment that I would like to talk to you about, seriously, guaranteed return (If you really don’t know, try googling Bernie Madoff). Also, after watching hard hitting news show Access Hollywood last night, we felt it appropriate to warn everyone about door to door salesman. It’s not uncommon for door to door salesman to be under the influence of alcohol or drugs….on the job. Just close your drapes and hide like we do.

Top two Investments that are not a scam: Guidant 401k Plan for Business Investing and the Self-Directed IRA LLC

Read our blog post about the "Guidant Financial Scam".