I have to be honest. At my home, we’re fans of the Yankees, since that’s the team my husband grew up rooting for during is childhood in New York. But I still feel bad for the New York Mets. Or at least, I feel bad for Fred Wilpon, who is on the verge of losing the New York Mets as his finances spiral downward fast. Not only did he get taken in by scam artist Bernie Madoff, but he is also facing a lawsuit alleging that he should have known better — with the implication that maybe Wilpon was an accomplice.
This just goes to show that you might lose more than money when you are taken in by an investment scam. You could lose something that you really love (as Wilpon is likely to lose the Mets), and you could even lose your reputation. Before you invest, watch for these signs that you are being scammed:
(Click to continue reading…)