{"id":13301,"date":"2011-09-20T14:36:56","date_gmt":"2011-09-20T14:36:56","guid":{"rendered":"http:\/\/utu.org\/?p=13301"},"modified":"2011-09-20T14:36:56","modified_gmt":"2011-09-20T14:36:56","slug":"do-not-become-a-victim-of-fraud","status":"publish","type":"post","link":"https:\/\/www.smart-union.org\/do-not-become-a-victim-of-fraud\/","title":{"rendered":"Do not become a victim of fraud","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"

Financial fraud can empty your life savings. Here are 10 steps suggested by best-selling author Charles Murray.<\/p>\n

    \n
  1. Every deal is a potential scam: Recognize that fraud is an act of deceit by one party intended to induce another to part with something of value.<\/li>\n
  2. Map out your goals before shopping or investing: There’s a difference between “buying” and “being sold.”<\/li>\n
  3. Avoid mixing business with pleasure: According to the National Institute of Justice, the attempt to defraud is more successful if a person knows or knows of the offender.<\/li>\n
  4. Don’t get greedy: Remain calm and dispassionate.<\/li>\n
  5. Be suspicious of “inside information,” “hot tips” and “one-time offers”: Why you instead of Tom-Dick-and-Harry?<\/li>\n
  6. Educate yourself: Beware of getting all your information from the seller.<\/li>\n
  7. Double check all facts: A cheat doesn’t want himself or his deal scrutinized.<\/li>\n
  8. Don’t wilt when the heat is turned up: It takes a secure person to say “no” to pressure and manipulation.<\/li>\n
  9. A promise is only as good as the person behind it.<\/li>\n
  10. Scams copy the same methods used in legitimate business dealings: Spotting the difference can be difficult. Five tell-tale signs:<\/li>\n<\/ol>\n

    \u2022 Something is promised that borders between reasonable and “too good to be true”;
    \n\u2022 Victims typically know or know of the swindler;
    \n\u2022 A sense of urgency exists;
    \n\u2022 A cheat doesn’t want himself or the deal scrutinized;
    \n\u2022 High-pressure sales tactics are used.<\/p>\n

    There are many investment instruments including your own UTUIA annuities that are available in which to place retirement funds that can provide the necessary security and still provide a cash stream in retirement years.
    \nIn speaking with a financial adviser, find out what their experience has been. Check their credentials and demand other client references. And never write a check directly to an individual. Your payment should be to the investment firm or to the investment fund itself. A request for direct payment to an individual is a big red flag!
    \nRemember, your retirement funds represent a lifetime of savings, and there is no “do-over.”<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"excerpt":{"rendered":"

    Financial fraud can empty your life savings. Here are 10 steps suggested by best-selling author Charles Murray. Every deal is a potential scam: Recognize that fraud is an act of deceit by one party intended to induce another to part with something of value. Map out your goals before shopping or investing: There’s a difference […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[41,18],"tags":[],"member_types":[],"acf":[],"yoast_head":"\nDo not become a victim of fraud - SMART Union<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smart-union.org\/do-not-become-a-victim-of-fraud\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Do not become a victim of fraud - SMART Union\" \/>\n<meta property=\"og:description\" content=\"Financial fraud can empty your life savings. 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