4 ms·
Sometimes victims deserve blame. That doesn't mean they deserved to lose their money, but if they put money into an unregulated security that they didn't unders
by Johnny555 4y ago
Sometimes victims deserve blame. That doesn't mean they deserved to lose their money, but if they put money into an unregulated security that they didn't understand themselves, it's hard to not put some of the blame on them.
Get rich quick financial scams have been around for a long time, I remember back in the 80's when my dad got scammed buy an oil "investment" - I don't even know how he found out about it, but they mailed him an official looking prospectus with geology reports showing oil deposits, and even a sample of oil that they'd "drilled" from one of the plots, all they asked from him was $5,000 to buy rights to the land, and soon he'd be making huge profit from oil leases.
But that profit never came and soon the company just closed up shop.
If he'd invested that $5,000 in the stock market, it would have grown to over $60,000 by the time he passed away 10 years ago.