The book deals with actual situations that resulted in investors losing multi-millions of dollars to financial tricksters. Emphasis is placed upon learning how to detect early warning signs. Financial exposure can be minimized prior to situations deteriorating into bankruptcies. However, individual investors have to take specific actions after doing some homework. Otherwise, the alternative is to lose money by listening to "hot tips," often involving publicly traded securities.
Some types of commonly seen but inappropriate financial reporting are permitted in certain countries (including parts of North America), even though they deeply aid the financial tricksters. Governments are seriously neglecting investors by not prohibiting certain reporting trickery. Overall, in some regions, investor protection is simply archaic (including allowing false advertising). Currently, investors face serious risks.
The book attempts to minimize technical language. Stress is placed upon encouraging investors to look for specific warning signs before opening their purses and wallets to the growing group of tricksters.
"Avoiding Swindlers" will change the way you look at Canadian investments.
This book was featured on Publisher Newswire's 2022, "10 Books to Bookmark" list.
The
book also received a glowing review from ReaderViews.
https://readerviewsarchives.wordpress.com/2022/10/18/avoiding-swindlers-rosen/
read an excerpt
CANADIAN IFRS FINANCIAL FIGURES ARE NOT CREDIBLE
Overview
The main objective of this book is to help investors/ savers
to shift their reading and learning emphasis to better choose where to invest
their money. Swindlers have recently developed several new scams, which are
unfortunately being successful against investors. False and misleading
advertising is still growing, to support troublesome claims that investor
protection has improved. Nonsense. Such protection claims are contrary to the
well-documented reality of increased failed businesses. All a person needs to
do is look at the recent collapsing batch of marijuana companies. Bankrupt
companies are reality. Sufficient learning about these types of deceptions is
simply not adequately occurring. Investor deception issues keep piling up. More
cluing-in is certainly quickly needed. Early detection of dangers has simply
become a necessity, or compulsory for all savers. 1 Considerable attention has
to be given herein to the dangers that have appeared in countries that are
using IFRS (International Financial Reporting Standards; really is not
“international” when largely not widely utilized by the U.S.A. and other
important countries). IFRS is wide-open to a variety of nasty or investor-scary
issues that are examined in the book. How to detect these dangers at their
early stage is a priority. As well, other trickery is explained, including
several early-detection processes for likely-to-occur con games.
AUTHOR Bio and Links:
L.S. (Al) Rosen
has combined being a university professor (holding a PhD) with several
qualifications in the fields of investigative accounting and reporting (such as
acting as a fraud examiner) for over 35 years. He has authored many reports for
court cases, and has testified in courts in various countries in many
large-dollar cases. Often the allegations are that investors have been deceived
by materially misleading financial reports. He has co-authored two previous
books, and articles, with his son Mark. They address how and why multi-million
dollars of investor money essentially, and often quickly, vanished. Real
situations are the subject of these writings. Money was stolen and hardships
resulted.
https://www.amazon.com/Avoiding-Swindlers-Al-Rosen/dp/022888117X
https://www.barnesandnoble.com/w/avoiding-swindlers-al-rosen/1141888418
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