Investors can’t resist the lure of striking it rich and that mentality is a goldmine for scammers. Preying on investors’ fever for treasure they make money on worthless gold, oil, diamond and iron ore claims. Modern technology makes it easier for investors to guard against being cheated – but it still happens every day.
The colorful vocabulary of mining investment fraud – pump and dump, boiler rooms, stooges – has been associated with fleecing investors at least since the creation of the modern stock market. Frauds themselves have been around as long as people have been digging holes in the ground… Read Full Article