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Better Business Bureau ®
Start With Trust®
Metro Atlanta, Athens and NE Georgia
Love and Hate - The Life Of A Con Artist
February 09, 2013

With Valentine’s Day just around the corner, BBB gives a great example of a “love/hate” relationship and what investors need to be aware of.  A bad investment begins when an unsuspecting investor takes the advice of a con artist. These criminals are experts in the con game. Every year, they win over thousands of victims.

While all of us are fair prey for the con artist, widows, the elderly and young professionals who are making significant sums of money for the first time make attractive targets. You can protect your investment dollars by knowing the traits that a con artist "loves" and "hates" in an investor.

A con artist loves the investor who is willing to talk on the phone with a stranger about an investment opportunity. These callers will trick you with confusing facts, glowing promises and outright lies.

A con artist hates the investor who hangs up on the call. This investor deals only with reputable investment firms.

A con artist loves the investor who is easily overwhelmed by and believes a barrage of glowing promises of riches.

A con artist hates the investor who hangs up on calls offering deals that are just "too good to be true."

A con artist loves the investor who makes an immediate decision to invest, believing the caller who says, "Tomorrow may be too late."

A con artist hates the investor who hangs up when rushed or pressured into making a decision.

A con artist loves the investor who believes the ploy, "You don't need it in writing."

A con artist hates the investor who asks for complete details before investing.

A con artist loves the investor who can be persuaded to invest in exchange for a gift, favor or dinner or who feels too guilty to say "no" to the deal.

A con artist hates the investor who refuses to accept any offer of a free gift or doesn't let the gift of a $9.99 watch cause feelings of guilt that result in a $10,000.00 loss.

A con artist loves the investor who says, "I don't really have the time to look into this, please take care of it for me."

A con artist hates the investor who asks for information or wants to submit the plan to his accountant, attorney or broker for an unbiased recommendation.

A con artist loves the investor who jumps at the chance to "get in on the ground floor" ahead of his friends and business associates.

A con artist hates the investor who shies away from "ground floor" offerings, knowing that just below the ground floor is a basement.

A con artist loves the investor who will not ask questions or check the information before investing.

A con artist hates the investor who responds to the call by saying, "Let me make a few phone calls to verify what you are telling me and I'll call you later."

A con artist loves the investor who goes for "new inventions" as surefire money makers. Whether the investment has to do with solar energy, pollution control or satellite navigation, this investor believes the promises offered by the con artist.

A con artist hates an investor who questions promotions dealing with so-called "latest technology" with unhurried skepticism.