Do you know how to recognize a financial scam?

Great Post! Thank you for the heads up. If I ever have a question about a call, I try to get some details from the caller and then call the bank, or who ever it is directly and figure it out. They are not going to presure me into making an on the spot decision and give up important details.

Tell them you need to run it by your CPA first, and ask for their contact information. That gets rid of about 90% of them. Then, if it sounds too good to be true - it probably is. Google them, look who is behind the company, and look for any cases against them.

CPT (Join to see) You are on a roll! Another site to check and inform is your State site.
The USA.gov provides a convenient way to select your state AG.
For Ohio it is:
http://www.ohioattorneygeneral.gov

All leaders should know this, and it probably needs to be mandatory annual training, as opposed to junk like human trafficking. One of the agreements I used to have with my new Soldiers in their initial counseling was that they would speak to a member of the chain of command prior to the purchase of any item over 500$. I made it clear that I could not legally force them to do this, but it was more a mentoring point than a UCMJ one. I was able to save quite a few kids from a 25% interest rate car loan that they did not understand. With the new form of retirement coming into vogue, it is even more imperative that Soldiers are educated on finances on a regular basis. Part of the savings for the government with the new plan is that they count on Soldiers being irresponsible and not saving with the 401k like they should. It is a form of a predatory scam, and our Soldiers need to be thought how to maximize the benefit.

I got a large check in the mail. I was to seek directions on how to cash the check, then cash it and send half of it back to the scammer to release the rest of my $250,000.

Of course scem was the check was bogus. Back demands full payment and the scammer take the half you mailed them.

Sounded tempting but the too good to be true prevailed.

ALSO legitimate things do not require you to pay to receive.

Always research and like most say, if it sounds to good to be true...probably is!

If it is a legit company, check the BBB as well.

I don't know about banks (I haven't used one since 1976) but credit unions have a wealth of info on scams and how to avoid them.

Are you in need of a Loan, for your housing and Businesses. Funding ranging from $20,000 -
$10,000,000 in equity at an interest rate of 3.5%.
http://www.fidelityloansplc.com. or contact now [login to see] for instant response