Characteristic of Scams

There will be  less educated scam victims

There was this feature at ANC Money portion on scams.  The scams are characterized by the following:

1.  The deal is complicated.  It could be difficult to understand for a layman to understand;

2.  There is no such thing as guaranteed high continuous earnings.  If the promoter promises that, then it is a scam.

3.  Keep it a secret.  If others know about this, then you may lose the opportunity;

4.  The un educated, the lower SEC, the more numerous ones are victims,   They lack financial literacy.

5.  Scams happen because the investors never bother to check with DTI and SEC for licenses.

Watch out for these signs.

They were present in:

Balajadyay  Celso de los Angeles,

How about the pre need?  Were they scams?