If It Sounds Too Good to be True…

Right in our own backyard, another financial planner has been charged with scamming seniors. His pitch was that his investments would allegedly earn guaranteed 12% returns – not bad – and not likely. Further, he allegedly implied that these investments were safe; Bill Galvin’s office says they were patently risky. Regardless of how these charges turn out, the lessons remain  – be very wary of whom you invest your money with, research it well before writing a check, and most importantly, if it sounds too good to be true, ….