Don't Get “Bernie Madoff’d”: Avoid Ponzi Schemes and Fraud - EP.05
Today we’re talking about how not to lose your hard-earned money through fraud. One of the advantages of alternative investments are that they are less heavily regulated by the federal government — but that also means you have to do more work when you’re investing in alternative assets to make sure you’re investing in a legitimate opportunity. This episode, we discuss a few things you can do to to minimize your chances of getting involved in a fraudulent scenario. We share our general tips and tricks to making well-informed decisions, what you should be looking for when initially investigating a sponsor on an alternative asset, and the actionable steps to take pre-close and post-close on a deal. We hope you get access to many great deals — but don’t be a sucker. Before you put your money into a deal listen to this week’s episode. Key Takeaways: [1:15] A few things you can do to minimize the chances that you’ll be getting into a fraudulent scenario, and the two ways of accessing alternative investments. [1:54] Some things you should be looking for when you’re investigating a sponsor on an alternative asset. [4:58] Pre-Close: What do on the deal before it closes (and before you wire that money over!) to help avoid fraud. [11:03] Post-Close: Steps you should take after you’ve closed the deal to make sure you’re not being subjected to fraud. [15:34] General tips and tricks to be smart while making these kinds of deals. Mentioned in this Episode: Bernie Madoff For More on The Alternate Investor, Check Out: TheAlternativeInvestorShow.com See acast.com/privacy for privacy and opt-out information.
