Investment fraud --it's probably too good to be true

Radio Transcript, 60 seconds, for use during week of March 31.

This is an Invest Wisely minute brought to you by Iowa State University Extension.

Investment frauds and scams can occur through telephone or e-mail solicitations.  Be careful of any such approaches.  The caller may have a name similar to a respected business.  High-pressure sales tactics may be used as well as false promises.  Your credit card or checking account information may be requested to verify that you are eligible for a “free” offer.

Skepticism is a good defense against becoming a victim of investment fraud.  Proceed slowly and cautiously before making any investment decision.

Remember, it’s probably investment fraud  if it sounds too good to be true.

Invest Wisely comes from Iowa State University Extension through a grant from the Investor Protection Trust providing investor education on the web at investorprotection.org.