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Author: JollyJimmy Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 4337  
Subject: Directory of Schemes? Date: 2/29/2000 9:36 AM
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Hello Fools,

I have just recently started to learn about financial scams and these kinds of "pleasantries".
What I have noticed on this board are various references to different schemes, like Ponzi or Gold, but unfortunately there was not a lot of information offered on how these scams work, and how to recognize them.

The situation with scams in general is, that there is usually only a limited number of schemes, showing up
a) cyclical (i.e., they come back, once forgotten in a few years)
b) in a set of variations.

Question to our professional Fools:
Could you please open up something like a "Directory of Schemes" or so, and start to collect descriptions, etc., of scam schemes in there?
This would help a lot of us naive beginners tremendously. It should be a valuable reference within this or other boards, and may be of interest even for the Fool's School.

This directory would also be helpful for the other Fool sites (i.e., currently UK and DE), as scamsters work all over the world, and it is just too inviting to try a scam "there", once it has been sufficiently exploited "here".

Thanks a lot for all your Foolishness!
JollyJimmy
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Author: MasterQi Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 95 of 4337
Subject: Re: Directory of Schemes? Date: 2/29/2000 9:59 AM
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JollyJimmy wrote,
unfortunately there was not a lot of information offered on how these scams work, and how to recognize them.


Well, TMF DOES have a great series of articles (I'm guessing written by TMFJay) on Fraud, including boilder rooms, penny stocks, Ponzi schemes, etc.

I think the following link will get you to the first part of the series:
http://www.fool.com/specials/2000/sp000223fraud.htm

Take care,
MasterQi

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Author: JAFO31 Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 101 of 4337
Subject: Re: Directory of Schemes? Date: 2/29/2000 11:59 AM
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MasterQi:

JollyJimmy wrote, <<<unfortunately there was not a lot of information offered on how these scams work, and how to recognize them.>>>

"Well, TMF DOES have a great series of articles (I'm guessing written by TMFJay) on Fraud, including boilder rooms, penny stocks, Ponzi schemes, etc.

I think the following link will get you to the first part of the series:

http://www.fool.com/specials/2000/sp000223fraud.htm

Take care,
MasterQi"


To TMFJay: It would be good if you got your techies to either include a link directly to the articles from the main screen on this board, or started a FAQ that was available from the main screen for this board, and then linked to the articles.

Just my $0.02. Regards, JAFO


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Author: TMFJay One star, 50 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 106 of 4337
Subject: Re: Directory of Schemes? Date: 2/29/2000 3:26 PM
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Thank you all for the information and insight you've put up on this board. The tenor of the messages on this board illustrate how important it is for investors to do their homework.

For those of you coming to this board who do not know about our series on securities fraud it can be found at http://www.fool.com/specials/2000/sp000223fraud.htm.

You should also take a look at the first posting on this board which sets forth our purpose in starting it. That message is located at http://boards.fool.com/Message.asp?id=1040026000002000&sort=postdate

Finally, take a look at the SEC's website, especially, the following links http://www.sec.gov/oiea1.htm and http://www.sec.gov/enforce/intrela.htm for information about how to protect yourself from securities fraud. If you think you've been scammed I'd urge you to contact the SEC at enforcement@sec.gov.



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Author: BrerBear Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: 3753 of 4337
Subject: Re: Directory of Schemes? Date: 12/11/2004 4:46 PM
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Jsy-
This might be a useful update to the Scam FAQ:

"Recovering from ID Theft"
This is lifted from the .gov site that goes into ALL KINDS of detail, do this, do that, how to turn off creditors that have been scammed, etc... like I say, ALL KINDS of hot info... good luck!
http://www.consumer.gov/idtheft/recovering_idt.html#9

[Second note: I clicked on one link on the existing FAQ links, at the SEC, and it was broken, with no forwarding... the other links may need checking, as well.]

FYI.

BB.

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