Sunday, July 01, 2012
Before you invest in that gold mine or oil well....
What is it about the lure of get rich quick schemes that causes people to check their credibility at the door and buy into any cock and bull story of fabulous gold mines or oil gushers? Here's another story of investors pouring money into non-existent oil fields and gold mines.
The Arizona Republic reports that "An unemployed Globe cattle rancher has admitted swindling 180 investors as part of a $7 million fraud scheme targeting Christians throughout the United States and Canada" by getting them to buy into a "purported oil company that was supposed to be worth $284 billion" and "gold mine deals."
at 8:50 PM