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Investment fraud often comes with signs that something isn't right

Investment fraud often comes with signs that something isn't right

Last week's drama on Wall Street was a reminder that risk is an inherent part of investing. It's also always a risk when you trust someone else to manage your money or advise you where to invest. There are precautions you can take, as I explained in Thursday's Watchdog column, such as verifying an adviser's or broker's credentials and compliance history. But even savvy investors can be fooled. The only good that comes out of that is in the lessons that others can learn. Last week in Texas, the manager of a family's $66 million portfolio pleaded guilty to money laundering. Authorities said he had not invested his clients' money as he had agreed and...

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