The Biggest Frauds And How To Avoid Such Schemes: Microcap StocksMichelle Jones
The longer you invest, the greater your likelihood of running across investment fraud. According to the Securities Investor Protection Corporation, regulators estimate that $10 billion to $40 billion is lost to investment fraud in the U.S. every year. The firm attributes $1 billion to $3 billion of that total to microcap stock fraud.
One of the most well-known cases of microcap stock fraud is that of Jordan Belfort, whose memoir, The Wolf of Wall Street, was adapted into a film in 2013 . . .
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