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Accredited investors are no better at weeding out frauds, they just can generally afford to lose the money. There's a shocking level of fraud successfully targ
by Gargoyle 10y ago
Accredited investors are no better at weeding out frauds, they just can generally afford to lose the money.
There's a shocking level of fraud successfully targeted at "sophisticated" investors every year. Most of it just doesn't get much coverage.
- ChuckMcM 10y agoThis is exactly right. Accredited investors do get scammed, and they lose some money and perhaps the next time it is harder to scam them. There is no second chance for Grandma though.