"Too smart to be scammed? Think again!"

[Brendan Burgess]

Good article on CNBC

Of course you are way too 'smart' to be scammed. Think again

Madoff's firm, which collapsed in 2008, duped pension funds, foundations, a philanthropy established by the Holocaust survivor Elie Wiesel and wealthy individuals, such as actors Kevin Bacon and Kyra Sedgwick.

The top six scams in America involve:
romance;
charities;
home repair;
health care;
the "grandparents scam," which scares grandparents into thinking their grandchildren are at risk and,
investments.

 

[Brendan Burgess]

The only two people I know personally who have been scammed are both scientists - one with a Masters and the other with a Ph.D. The Master bought some landbanking stuff at an RDS show and the Ph.D. invested in a boiler room share based on a cold call.

 

[losttheplot]

The only two people I know personally who have been scammed are both scientists - one with a Masters and the other with a Ph.D. The Master bought some landbanking stuff at an RDS show and the Ph.D. invested in a boiler room share based on a cold call.

Have you ever seen The Simpsons episode with the wallet inspector?

 

[Brendan Burgess]

No.

 

[losttheplot]

Homer befriends some nuclear physicists, super intelligent guys, but haven't really been out in the real world. Homer brings them out. The first person they meet claims to be a wallet inspector. They hand over their wallets.
https://youtu.be/X6zsxsC6iZw

Academic qualifications don't equate to street smartness.