You work hard for your money, and there are legions of people working just as hard to steal it from you. So what’s hot in five-star boiler rooms these days? Crowdfunding, variable annuities and pot, among other things.
Con artists are a busy lot. Last year, state securities regulators received 11,304 complaints from investors and conducted 4,853 investigations, according to the North American Securities Administrators Association. Many of the top scams are tried-and-true favorites: Ponzi schemes, phony private stock offerings, real estate investments, and oil and gas schemes.