Good morning my friends!
What is the old saying, “If it’s too good to be true it probably is.” This is what happened to more than 500 investors between the years of 2006 and 2009. The “dangling carrot”, quick money in just a few steps! Usually it takes time for a realized profit with any type of investment. So if someone approaches you with another, “get rich scheme”, think again! In the Brighton area of Detroit, a father, John Bravata and son, Antonio Bravata sold a pipe dream to investors who willingly gave their -for the most part- retirement and life savings. A jury recently convicted this 45 year old father and his 25 year old son whose scheme involved their company BBC Equities, in which the father and son showed financial reports that promised big returns on safe principal investments.
Folks the lesson here is don’t buy it! Any positive investment return takes time to grow. Don’t allow your greed for more money to lead you, it may quite be the last investment you make!