Financial Scams Quotes

Many scammers are only using personal checks for payment because they can take the money and run.

There are people out there with an eye on my hard-earned cash who think that I am a pushover. I am not!

[With] closet indexing....you're paying a manager a fortune and he has 85% of his assets invested parallel to the indexes. If you have such a system, you're being played for a sucker.

Too often, investors are the target of fraudulent schemes disguised as investment opportunities. As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.

I know some people whose father has basically spent their whole inheritance on scammers. He's old; he wants to feel important, like he's doing business, so he goes to his bank and pays out - it's terrifying.

But I'm acutely aware that the possibility of fraud is even more prevalent in today's world because of the Internet and cell phones and the opportunity for instant communication with strangers.

When it comes to charities, there's a lot of fraud.

The Senate was holding hearings on deceptive sweepstakes practices. These companies target the elderly, making them think they're going to get a bunch of money, when in reality they never see any of it. The most popular of these scams is called Social Security.

Like almost everyone who uses e-mail, I receive a ton of spam every day. Much of it offers to help me get out of debt or get rich quick. It would be funny if it weren't so exciting.

I don't want retired schoolteachers or any other good Americans to be duped by fraudulent organizations into giving money, thinking it is going to go to disabled vets, when in fact it's not at all. It's going in to pad the pockets of some scam artists. I want to stop this stuff.

You only have to pick up a paper to see the sort of scams and injustices that are out there. There's a sense that people don't belong and just aren't very happy. They're outraged, in fact, and they're being shafted left, right and centre.

If a bright-coated fundraiser was hassling a confused pensioner in the street, people would see, some hero would intervene. But it's happening in living rooms on landlines, and it will continue.

When you get money you're always a target because there's always somebody who needs money out there.

We pursued many actions against foreclosure rescue scammers who were reaching into the pockets of desperate people in an effort to steal what little remained as they sought to keep their homes.

As I've said before, free money scams are a problem.

For athletes, it's extremely tough to trust people with your finances. It's so easy to be victimized.

Miami is the place where all great Medicare fraud schemes come from. It has a great concentration of professional criminals and old people.

Quick riches are more dangerous than poverty.

My pub was full of get-rich-quick schemes that never worked - scams, pyramid schemes. People trying to find a way to get themselves out of a rut.

The Roman Catholic Church is an institution for whose gains the phrase "ill-gotten" might have been specially invented. And of all its money-making rip-offs, the selling of indulgences must surely rank among the greatest con tricks in history, the medieval equivalent of the Nigerian Internet scam but far more successful.

Even a casual reader of the financial pages knows that microcaps are a perennial headache for regulators and, above all, for investors because they have been prone to abuse by stock manipulators.

Some of the largest financial institutions can build a profit model on tricking people.