DescriptionA timely guide to uncovering financial fraud
2008 and 2009 will be remembered for bear markets, a global credit crunch, and some of the largest investment scams ever. But these scams are nothing new, they've been repeated throughout history, and there will certainly be more to come. But the good news is fraudsters often follow the same basic playbook. Learn the playbook, and know how to ask the right questions, and financial fraud can be easy to detect and simple to avoid.
In How to Smell a Rat, trusted financial expert Ken Fisher provides you with an inside's view on how to spot financial disasters before you become a part of them. Filled with in-depth insights and practical advice, this reliable resource takes an engaging look at recent and historic examples of fraudsters, how they operated, and how they can be easily avoided. Fisher also shows you the quick, identifiable features of financial frauds and arms you with the questions to ask when assessing a money manager.
- Prepares you to identify and avoid financials cams that could instantly destroy your wealth
- Contains examples that highlight how financial frauds are committed
- Provides questions everyone should ask before entering any investment endeavor
With How to Smell a Rat as your guide, you'll learn how to protect your interests and assets from unnecessary losses.
Chapter 1: Good Fences Make Good Neighbors.
Chapter 2: Too Good To Be True Usually Is.
Chapter 3: Don't Be Blinded by Flashy Tactics.
Chapter 4: Exclusivity, Marble, and Other Things That Don't Matter.
Chapter 5: Due Diligence Is Your Job, No One Else's.
Chapter 6: A Financial Fraud-Free Future.
Appendix A: Asset Allocation - Risk & Reward.
Appendix B: Same But Different—Accounting Fraud.
Appendix C: Minds that Made the Market.
About the Authors.
Using well-known examples from recent headlines like Bernard Madoff and R. Allen Stanford along with a bevy of historical scam artists, Fisher details the red flags that should alert investors. They are: advisers who have access to your money; promises of returns that are too good to be true; mumbo-jumbo that takes the place of explaining investing strategy; fake benefits like exclusivity, and relying on someone else for due diligence. (Associated Press)