Author: Lynn Edgington
Publisher: Amazon Digital Services, Inc.
Date: August 20, 2013
Length: 279 Pages
About The Author
Mr Edgington is the founder/president of Eagle Research Associates, Inc. The purpose of this non-profit organization is to educate the public about Internet investment scams.
How Do The Scammers Scam?
This is a very comprehensive look at the many kinds of scams that are running on the Internet today. Internet investment scams cost the public billions of dollars a year. It is estimated that 1 out of 10 Americans have either been a victim of an Internet scam or knows someone who has been.
This book is an excellent resource for details about E-mail fraud, prime bank notes, bank phishing, fake jobs, work-from-home scams, Ponzi's, HYIP/Non-HYIP scams and cash gifting. The author provides sample emails, fraudulent financial reports and bogus legal records that scammers use to deceive their victims.
Mr. Edgington explains how the crooks work and the techniques they use. He provides many "red flag warnings" and explains how investors must do basic due diligence before handing over their money.
My Thoughts
This is the fourth book that I have read and reviewed on the subject of Internet scams. I must admit that I am getting quite depressed as I read about how these criminals work and how good people fall for these schemes.
People MUST take responsibility for their investment choices. It does not matter if your Mom, Dad, sister, brother, friend, teacher, pastor and boss ALL vouch for an investment opportunity. It is up to YOU to do your research and due diligence until you are absolutely SURE that this is a good fit for you. You do not want to give-in to peer pressure when it comes to your hard-earned money.
These scammers only stay in business because people do not do their investigative work BEFORE investing. Many people are too ashamed or embarrassed to report the scammer, so they go on to scam again.
I was shocked to find that many of these financial scammers thrive within religious and professional communities. People do not want to believe that they could be scammed by their church deacon, a coworker or a close relative.
"People who put together these schemes are very, very good at what they do. Until you listen to some of these pitches, you have no idea how good they are. Anybody who thinks they're too smart to be conned is a likely target."
This book is an excellent resource on the subjects of Internet scams and cyber-crime. I highly recommend this book and the author's web site.
My Rating: 5 Stars Out Of 5
FYI ~ I borrowed this ebook with my Kindle Unlimited subscription.
Have you been a victim of an Internet scam? Please share your thoughts in the Comments Section below.
