I recently read an article that talked about the top financial threats facing investors and small businesses. The Securities and Exchange Commission is reporting an increase in complaints about fraudulent schemes that utilize Self-Directed IRAs. Scam artists are using Self-Directed IRAs as a way to lend credibility to a bogus venture. Of the seven areas…
Tag: self directed ira fraud
Fraud and the Self-Directed IRA – Proper Due Diligence is Your Best Form of Protection
A lot of information has been published recently regarding Ponzi schemes and fraud. The negative PR has impacted the self-directed IRA industry and investors, at times frightening them into considering a return to traditional stock markets, CDs, or worse; hiding their money under mattresses. Look at the sheer number of people who lost money with…