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Moneywise

Beware of 'low-risk' investments, experts say

Many fraudsters particularly prey on seniors

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  • panamadesnews Lindon, UT
    June 28, 2014 4:23 p.m.

    Why do prosecutors and judges allow these scum to get away with basically no penalty in these kinds of sad crimes. They ought to have "the book thrown at them" for bilking the elderly and infirm. Very sad commentary on our legal institution, indeed.

  • JimmyJackJohnJones Jonestown, TX
    June 28, 2014 5:00 p.m.

    Amazing how Mormons are so willing to rip off their own friends and family. I guess nothing will stand in the way of the pursuit of riches, I mean righteousness.

  • Jonathan Eddy Payson, UT
    June 28, 2014 5:44 p.m.

    Beware of low risk?! Low risk is now bad? Are you kidding me? Beautiful! Why not just throw the baby out with the bathwater. High return with low risk is absolutely impossible right? Hey, here's an idea. Trust nobody ever except Wall Street banks! Nothing like scarring away the "poor abused no nothing seniors" from sound, proven investment opportunities with a hack job article like this. Let me tell you something. Some investments are actually smart and innovative and created by honest business people. Is there an element of risk in all investments? Of course. Nothing is risk free. But peddling scare tactic hogwash like this is just as improper as a calculated Ponzi. Why not tell both sides of the story by admitting that investors in Utah have also made fortunes by investing in safe, low risk, honest investments.

  • Sports Are Great Salt Lake City, UT
    June 28, 2014 11:21 p.m.

    Jimmy, are you ok with non-Mormons ripping off their friends or others. So bizarre you even make that special mention of the Mormons. The obsession some people have with other people's religion is comical.

  • RustedHalo Australia, 00
    June 30, 2014 1:05 a.m.

    Here's the age old warning; If it sounds to good to be true, it probably is. High returns ALWAYS means high risk. But it never stops. And the con men come running to Utah and other places where religious folks are. They nestle up nice and close, maybe even become one of you and then kaboom. They laugh all they way to the bank.

  • Iron Rod Salt Lake City, UT
    June 30, 2014 9:18 a.m.

    It is sad and embarrassing that we have this reputation outside of Utah.

    Recently I went to my high school reunion in California. When I told some of fellow students that I now live in Utah, the response from one of them was "What kind of get rich quick scheme to you have for us" and then they all laughed.

    At least in this one time this is how we are perceived outside of the state.