This Week's LessonWeek of September 23
This lesson continues the issue of Investment Fraud. You can review the Executive Summary to obtain the key points or read the Weekly Lesson for a more thorough presentation of this topic. Start by completing the following interactive quiz to test your knowledge.
A church is approached by an investment expert who is a former minister. He asks to speak to the congregation about a new program that he has developed, that in the past was available only to the wealthy. He personally guarantees an annual rate of return of 20 percent. Several members invest in the program, and the promoter uses some of the proceeds to pay "earnings" to previous investors, but uses most of the invested funds to pay for personal luxury items for himself and his family.