Sniffing out a possible scam (CNN Money)

A reader is tempted by the promise of huge returns from an investment Web site. Money Magazine's Answer Guy points out the many red flags.

Question: I'm a 60-year-old male with about three years until retirement. Someone at work recently recommended I put some money into a company called Legisi.com - not an investment, but a loan. I wonder if you are familiar with this. - Name Withheld, Bayside, N.Y.

Answer Guy had never heard of Legisi.com before your letter, and the company doesn't disclose a lot of information about itself on its Web site.


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posted by steve_o @ 5/09/2007 04:43:00 PM