Originally Posted by
pba_target
Arrogance is to say it'll never happen to you.
Yes, there are a number of common themes to all such cases when looking at news stories written after the fact with the benefit of 20/20 hindsight. Generally in the real world it doesn't start with "We'll double your money for you, overnight" but with something a lot more plausible that is maybe slightly better than your average return..
Have to disagree with you there. The "mini-bond" companies like London Capital Finance were offering much higher rates : LCF was offering 8% when 20 year municipal bonds were only offering 2%.. The difference is so striking that it really ought to hit anyone. The other thing was that these companies told outright lies about being regulated, which a two minute search would have shown was untrue, this then hopefully triggering alarm bells.