Why Fraud Works - And Who needs to Know
This blawg is devoted to demolishing several myths about fraud and consumer education. Here are the top seven myths about fraud.
First, fraud do not self-announce. It would be too good to be true if all frauds were too good to be true. Only after the fact does a fraud reveal itself as too good to be true.
Second, never use the BBB to investigate fraud. The Better Business Bureau is a franchise which attempts to resolve consumer complaints. It has no investigative or regulatory power. Do not rely upon them.
Third, don't be a Wason. A Wason is someone who only looks for evidence which confirms his or her own views. Ask not what is in favour of your beliefs, but ask instead what would make you believe differently.
Fourth, a mind is wonderful thing to ignore. Listen to your gut. And run like hell if your tummy is troubling you.
Fifth, the Government is not there to help you out of a bad bargain. If you make a bad deal with criminals, nobody is coming from the Government on a white horse to give you your money back.
Sixth, receivers are very bad news. Kiss your investment good-bye - the vultures are going to suck it dry.
Seventh, there is no seventh myth, six just doesn't sell.
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