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Scams, Secrets, and the Future of Fraud
Motley Fool Money
The Red Flags of a Financial Advisor Fraud Scam
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Miss West should have gone to Mr. Bailey and asked why this looks different than other financial matters that I've been involved in, he says. The common red flags of a financial advisor kind of fraud scam are writing checks directly to the advisor and then also advisors not explaining explicitly how they are paid to give investment advice. None of those things were present in Miss West's case.
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