A Houston lawyer has co-written a book about financial scams, offering tips on spotting warning signs.
A lot of the advice in Financial Serial Killers falls under “if it looks too good to be true” category. As an example, the book cites Bernie Madoff, who generated annual returns that closely resembled each other even as the overall market was going down. Attorney Tom Ajamie says it’s best to steer clear of making decisions based on “gut feeling.”