Money Monday: Avoid Investment Fraud

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Be Wary of Unsolicited Offers

Be especially careful if you receive an unsolicited fax or e-mail about a company — or see it praised on an Internet bulletin board — but can find no current financial information about the company from other independent sources. Many fraudsters use e-mail, faxes and Internet postings to tout thinly traded stocks, or stocks exchanged in low volumes, in the hopes of creating a buying frenzy that will push the share price up so that they can sell their shares. Once they dump their stock and quit promoting the company, the share price quickly falls.

(Photo: Mario Tama/Getty Images)

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