The criminal world’s best and brightest minds have targeted the advisory business as worried investors in the current low interest rate climate fall prey to scams that promise high returns, Financial Serial Killers co-author Tom Ajamie said Thursday at the annual meeting of the Financial Planning Association’s New York chapter. “These financial scams are a quick way to make a lot of money and more profitable than knocking over an old lady with a purse,” Ajamie warned several hundred FPA advisors in his keynote address. “You don’t have to get your hands dirty, and the criminal element attracted to these scams are very intelligent.” More on Advisor One here.
