The scams to watch out for

SCAMS

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Professional Adviser seeks out the investment scams lurking below the radar, pouncing on unsuspecting consumers.

As long as there have been good businesses out there trying to help clients invest and save for the future, less scrupulous firms have sought to exploit their search for improbable returns. In a recent leaflet on investment scams for consumers, the Financial Services Authority (FSA) highlighted land-banking, carbon credits and fine wines as the areas they might want to look out for. However, there are plenty more risky opportunities out there to tempt both clients and advisers, which have not garnered as much attention. Professional Adviser presents a few more you may want to add t...

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